ESG Reporting Archives

Fit-for-55: A Green Revolution in Action

NewsNovember 18, 2024433Views 0Likes 0Comments

The European Union is taking bold steps to combat climate change, aiming to cut emissions by 55% by 2030 and achieve net-zero by 2050 under its ambitious Fit-for-55 framework. But how will this reshape the financial world? To address this, leading European financial authorities—the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA),…

Wins and Challenges at COP16: Global Biodiversity Talks in Cali, Colombia

NewsNovember 15, 2024416Views 0Likes 0Comments

COP16 in Cali, Colombia, saw mixed reactions from the 3,000 delegates, but there were some notable victories. One key achievement was the establishment of a new subsidiary body that will give Indigenous peoples, who protect 80% of the world’s biodiversity, a voice in future biodiversity COPs. Another win was the creation of the Cali Fund, a…

ISA Releases Position Paper on Precision Agriculture, Highlighting Role of Automation and Control Systems

NewsNovember 14, 2024407Views 0Likes 0Comments

The International Society of Automation (ISA), a leading global authority on automation, has published a new position paper, “Advancing Precision Agriculture Through Control System Technologies,” to emphasize the essential role of industrial control systems (ICS) in precision agriculture. Precision agriculture leverages technologies like GPS, sensors, data analytics, and automation to enhance productivity and sustainability. However, rapid…

IFRS Foundation: New report highlights global progress on mandated and voluntary corporate climate disclosures

NewsNovember 13, 2024409Views 0Likes 0Comments

A new IFRS Foundation report reveals that more than 1,000 companies have begun referencing International Sustainability Standards Board (ISSB) standards in their reports, with 30 jurisdictions moving towards incorporating these standards into regulatory frameworks. The report, presented to the Financial Stability Board (FSB), highlights significant progress in aligning with the Task Force on Climate-related Financial…

CDP and EFRAG Strengthen Collaboration for Streamlined Environmental Reporting at COP29

NewsNovember 12, 2024392Views 0Likes 0Comments

At COP29, CDP and EFRAG announced a significant advancement in their partnership to enhance efficiency in the environmental data ecosystem. This strengthened cooperation brings the CDP’s global disclosure system into closer alignment with the European Sustainability Reporting Standards (ESRS), marking a pivotal step toward unified environmental reporting for companies worldwide. The collaboration, which involved joint mapping…

ESG Data Management: Tools and Techniques for Global Compliance

BlogsNovember 11, 2024562Views 0Likes 0Comments

As ESG concerns have moved from the margins to the mainstream, the relevance of these factors has skyrocketed. Today, investors are increasingly prioritizing ESG factors as indicators of a company's long-term viability, resilience, and ethical stance. Regulatory bodies worldwide are also enhancing ESG reporting requirements to ensure companies provide clear and reliable information about their…

Trump Wins Second Term: What It Means for ESG, Climate, and Financial Regulations

NewsNovember 11, 2024380Views 0Likes 0Comments

Former President Donald Trump secured a second term this week, defeating Vice President Kamala Harris in a highly divisive election focused on issues such as abortion, foreign policy, and the economy. With Trump’s return to the White House, the GOP's control of the Senate, and a conservative-leaning Supreme Court, experts are sounding alarms on potential…

California’s Landmark Climate Disclosure Law Moves Forward Amid Legal Challenges

NewsNovember 8, 2024362Views 0Likes 0Comments

A new California law requiring large corporations to disclose value chain emissions and climate-related financial risks survived an initial legal challenge by the U.S. Chamber of Commerce. This decision by U.S. District Judge Otis Wright II allows regulations SB 253 and SB 261, signed by Governor Newsom in October 2024, to move forward. However, the…

EU Aims to Seal Mercosur Trade Agreement by Year-End Amid Deforestation Law Concerns

NewsNovember 7, 2024351Views 0Likes 0Comments

The European Union (EU) is pushing to finalize a trade agreement with the South American Mercosur bloc by the end of 2024, EU Commissioner for Crisis Management Janez Lenarcic revealed last week. Despite ongoing negotiations, Lenarcic acknowledged that differences remain, particularly regarding a new EU law banning imports of products tied to deforestation, a contentious…

EU Achieves Major Greenhouse Gas Reduction and Renewable Energy Milestone in 2023

NewsNovember 6, 2024351Views 0Likes 0Comments

In a significant environmental breakthrough, the European Union achieved an 8.3% reduction in greenhouse gas (GHG) emissions in 2023, marking one of the largest year-over-year declines outside of the COVID-19 pandemic, according to a new report from the European Commission. This marks a major milestone in the EU’s pursuit of climate neutrality and reinforces its…

Impact Materiality: An Essential Step Toward Financial Resilience

NewsNovember 5, 2024329Views 0Likes 0Comments

By Peter Paul van de Wijs, Chief Policy Officer Corporate accountability is now a pressing global focus, underscored by recent international discussions on environmental action. Companies' roles in tackling sustainability challenges were central to last month's Biodiversity COP16 in Colombia, September's Climate Week NYC, and remain a high priority for the upcoming Climate Change COP29 in…

The Impact of CSRD on Canadian Companies: Strategies for Compliance

BlogsNovember 4, 2024507Views 0Likes 0Comments

In today's business environment, sustainability and corporate responsibility are not merely buzzwords—they have become critical components for long-term success and brand reputation. Stakeholders, including consumers, investors, and regulators, increasingly expect companies to demonstrate accountability beyond financial performance, extending to their environmental, social, and governance (ESG) impacts. The Corporate Sustainability Reporting Directive (CSRD), introduced by the…