ESG Archives

Impact Materiality: An Essential Step Toward Financial Resilience

NewsNovember 5, 2024341Views 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, 2024545Views 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…

ESMA Establishes 2024 Priorities for Corporate Reporting, Focusing on Double Materiality and ESG Compliance

NewsNovember 4, 2024327Views 0Likes 0Comments

The European Securities and Markets Authority (ESMA) has released its 2024 European Common Enforcement Priorities (ECEP) Statement, outlining stringent new standards for corporate reporting under the Corporate Sustainability Reporting Directive (CSRD). This directive will now require over 50,000 companies to expand their disclosures on environmental, social, and governance (ESG) impacts. Key priorities for the upcoming reporting…

The ESAs Complete Regulations to Improve Access to Financial and Sustainability Information on the ESAP

NewsOctober 29, 2024339Views 0Likes 0Comments

Today, the three European Supervisory Authorities (ESAs)—the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA)—released their Final Report on the draft implementing technical standards (ITS). These standards pertain to the tasks of collection bodies and the functionalities of the upcoming European Single Access Point…

The Role of Governance in ESG Reporting: A Cross-Regional Analysis

BlogsOctober 28, 2024532Views 0Likes 0Comments

Governance is a critical pillar in ESG reporting, alongside environmental and social factors, as it ensures transparency, risk management, and accountability to shareholders and stakeholders. Effective governance builds trust and confidence in a company’s decision-making, aligning actions with long-term sustainability goals. By establishing clear and transparent structures, companies can better manage risks, proactively addressing challenges…

Corporate Biodiversity Disclosures Surge 43% Following Global Biodiversity Framework Adoption

NewsOctober 28, 2024306Views 0Likes 0Comments

Corporate biodiversity disclosures have surged by 43% since the adoption of the Global Biodiversity Framework (GBF) in 2022, often referred to as the “Paris Agreement for nature,” according to new data from CDP. The latest findings come as global leaders gather in Colombia for COP16 to discuss the Kunming-Montreal GBF implementation and set ambitious policies…

ESMA Releases 2024 European Common Enforcement Priorities for Corporate Reporting

NewsOctober 25, 2024317Views 0Likes 0Comments

The European Securities and Markets Authority (ESMA), the European Union's regulator and supervisor for financial markets, has released its annual European Common Enforcement Priorities (ECEP) Statement for corporate reporting in 2024. For 2025, ESMA and European enforcers will focus on the following key areas: IFRS Financial Statements: Emphasizing liquidity considerations, accounting policies, judgements, and significant estimates.…

EPA Updates Regulations to Protect Children from Lead Paint Dust Risks

NewsOctober 24, 2024281Views 0Likes 0Comments

Today, October 24th, the U.S. Environmental Protection Agency (EPA) finalized stricter standards for identifying and cleaning up lead paint dust in homes and childcare facilities built before 1978. Announced during National Lead Poisoning Prevention Week, this measure is part of President Biden’s broader strategy to reduce lead exposure, especially for children, who are most vulnerable…

GRI and Climate & Company Partner to Elevate Corporate Reporting for Sustainable Progress

NewsOctober 23, 2024279Views 0Likes 0Comments

GRI has partnered with Climate & Company, a global non-profit think-tank focused on sustainable finance, to advance the adoption of international sustainability reporting standards across the value chain. This collaboration, formalized through a Memorandum of Understanding (MoU), aims to enhance informed decision-making for companies, investors, and other stakeholders. Climate & Company bridges policy-making, the financial sector,…

Navigating the Future of ESG: Strategic Priorities and Regional Challenges for Companies in the EU, US, UK, and Canada

BlogsOctober 21, 2024488Views 0Likes 0Comments

With Environmental, Social, and Governance (ESG) frameworks gaining prominence, companies in the EU, US, UK, and Canada are confronting a dynamic regulatory and operational environment. Intensified investor focus, tighter regulations, and evolving consumer demands are pushing businesses to anticipate and adapt to the future of ESG. However, the challenges and opportunities differ across regions, requiring…

Brazil to Seek Input from Indigenous Communities on Carbon Credit Agreements

NewsOctober 21, 2024279Views 0Likes 0Comments

The preservation of the Amazon rainforest is vital to addressing global warming, with carbon credits forming a crucial element of this strategy. However, concerns have been raised due to insufficient consultation with Indigenous communities, who play an essential role in forest conservation and must be included in the distribution of benefits from carbon credit agreements.…

Why Sustainable soy is critical to saving the Cerrado

NewsOctober 21, 2024232Views 0Likes 0Comments

Deforestation associated with soy production in Brazil remains a persistent issue. While deforestation has slowed in parts of the Amazon—one of the country's critical biomes—extensive areas of the Cerrado continue to be cleared and cultivated. In September, the report Land Grabbing and Ecocide examined the ongoing deforestation caused by U.S. businesses with interests in Brazil. Gaurav…