Ana Luci Grizzi

Our Chairman - Prof. Aditya Singh, FRSA FRAS FRAI attended B20 Brasil Employment & Education Task Force Meeting last month as part of the G20 Brasil 2024 . Task force members from across the world assembled to discuss recommendations, suggestions and action plans for the policy paper. We are privileged that ESG Center of Excellence is represented on the Task Force ! #b20 #b20brasil #b20brazil #taskforce #g20 #b20taskforce #policy #action #policypaper #employment #education #highereducation #esg #sdg #dei #esgmeetsblockchain #unsdg #sustainability #blockchain #brazil #g20brazil #esgcenterofexcellence #globalleadership #thoughtleadership

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Board of Directors' Role in Sustainability Disclosure Tone of the top to ensure value generation in the long run and fiduciary duty, both linked to sustainability disclosures. These are the triggers taking the roles of board and committees members to the next level of the game. Brazil has been the first country to adopt formally IFRS Foundation S1 and S2, when our capital markets regulator, CVM, published Resolution 193 imposing mandatory adoption for publicly listed companies as of 2026 with reasonable assurance. As a result, boards of directors, audit, sustainability/ESG, risk and strategy committees have to reorganize, integrate and update corporations' sustainability and climate governance. A corporation can only disclose known, trustful, robust, comparable and verifiable sustainability and climate data. Globally (and locally) we are still far from such goals. Starting with the simple fact that not even the full pitcture of environmental impacts (externalities) are known in depth, as they do not fit the probability x impact business as usual risk matrix. This is the time for board and committee members in Brazil to step in and fulfill their fiduciary duties regarding environmental and climate risks and opportunities. IBGC - Instituto Brasileiro de Governança Corporativa, representing the Brazilian branck of Chapter Zero, has just launched an educational guide for board and committee members (below, in Portuguese). I do encourage you to go through it. Congratulations to my dear colleagues from the Sustainability Commission from IBGC that were part of the group who wrote it - Daniela Manole, CCA, CFA ESG, Adriana Caetano, Edilson Paulo and Lucia Casasanta - and to all the other IBGC and Chapter Zero's members.  #sustainabledevelopment #sustainabilitymatters #sustainablefinance #sustainableinvesting #sustainabilityreporting #sustainablefuture #lowcarboneconomy #sustainabledevelopmentgoals #bioeconomy #sustainableeconomy #sustainability #circulareconomy #climaterisk #climatechange #climateadaptation #climatefinance #climatechangemitigation #climateaction #climate #climateemergency #climatesolutions #climatetech #climategoals #climatechangeadaptation #climatemitigation

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At Rio AI, we understand the complexities of the Global and European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD). In today's regulatory environment, clarity and precision in sustainability reporting are more crucial than ever. https://lnkd.in/gCXJmMVu The CSRD sets forth robust requirements for companies to transparently report their environmental and social impacts. This is a significant stride towards greater accountability and sustainability across industries. At Rio AI, we provide the essential tools and insights to help businesses effectively interpret and implement these standards without the typical confusion and complexity. Our resources are designed to offer straightforward explanations and actionable guidance, enabling you and your organisation to excel in sustainability reporting and make informed decisions that align with global standards. Explore our offerings and read the full report on how you can lead the change towards a more sustainable and accountable future: Visit our website https://lnkd.in/gCXJmMVu #Sustainability #CSRD #ESRS #RioAI #CorporateResponsibility #EnvironmentalImpact

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Financial institutions are facing increasing regulatory pressure to improve ESG and sustainability performance. In an upcoming webinar, Adam Hammes and Kimberly LeFrancois from SGS will be joined by Carina Abreu from C-MORE | Beyond the Obvious to discuss GHG reporting and the climate risk analysis for financial institutions. Register here 👉 https://bit.ly/4gPYY5g #Sustainability #GHG #GreenhouseGas #SGSNorthAmerica

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The next 18 months will be crucial for businesses to calibrate their climate strategies ahead of COP 30 in Brazil. Key jurisdictions are preparing new rules for climate-related disclosures and transition plans, while the EU and US hold elections in the context of the energy transition. With 198 member states of UNFCCC expected to present updated and more ambitious national targets soon, it's essential for businesses to stay informed. Join us for a webinar on June 12th at 2pm BST with Brunswick's climate experts to discuss these upcoming events, and the implications for business. Register here: https://ow.ly/I2pT50SaO7w #Climate #ESG #COP30

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Another rewarding week for #IESBA as Chair Gabriela Figueiredo Dias and Program and Senior Director Ken Siong concluded a series of robust stakeholder engagements in #London. The key highlight was Gabriela’s participation on the panel “Navigating the EU Corporate Sustainability Reporting Directive (CSRD): Does increased regulation support or hinder the sustainability agenda?” at the #FTMoralMoney Summit. Discussions on ethical frameworks and #sustainability took center stage at the Summit. Notable insights shared by Gabriela During the panel included: ✔ Ethics acts as a seat belt as it plays a fundamental protective role for sustainable business; ✔ IESBA’s standards support the CSRD on both the reporting and assurance sides; and ✔ Having different standards and requirements is not in the interests of the market or the public interest. Other highlights included stimulating discussions on IESBA’s strategic priorities in the areas of #sustainabilityreporting and assurance, tax planning, and accounting firm #culture and #governance with: ✔ Richard Moriarty, CEO of UK Financial Reporting Council (FRC) ✔ Simon Laffin, Chairman at Impact Healthcare REIT plc and published author on how directors can navigate difficult board situations ✔ Kevin Ellis CBE, Chair and Senior Partner of PwC’s UK and Middle East Alliance ✔ Malcolm Bacchus, Deputy President, Alan Vallance, CEO, and senior representatives from the Reputation and Influence Department at ICAEW ✔ Senior representatives from the UK Department of Business and Trade, UK Financial Conduct Authority and the UK FRC ✔ Sir Donald Brydon, author of the Brydon Review released in 2019, the independent review commissioned by the UK government into the quality and effectiveness of audit ✔ Ashley Alder, Chair of the UK Financial Conduct Authority ✔ Sue Lloyd, Vice-Chair, International Sustainability Standards Board (ISSB) #IESSA #EthicsinSustainability #publicinterest

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Your executives and clients may not read past sensational headlines or LinkedIn posts about #offsets. As #sustainability #climate #esg professionals, you need to get facts and details necessary to either defend your corporate strategy/direction or suggest changes.

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The June 2023 release of the International Sustainability Standards Board (#ISSB)’s inaugural standards, IFRS Foundation S1 and IFRS S2, ignited a global push for standardized sustainability reporting, with major economies like Japan, Canada, and Brazil announcing adoption and adoption intent. This surge demonstrates a growing demand for enhanced transparency, comparability, and accountability in sustainability reporting worldwide.    In its recent SDR implementation update, the UK government solidified its commitment to this global movement by adopting the Sustainability Disclosure Requirements (SDR) and announcing plans of the UK-endorsed ISSB standards – the UK Sustainability Reporting Standards (UK SRS), available in Q1 2025. Mandatory disclosure requirements are likely to be effective no earlier than accounting periods beginning on or after 1 January 2026. While the UK's implementation timeline provides some flexibility, forward-thinking companies are already recognizing the strategic advantages of early ISSB alignment, including:  ⏩ First-mover advantage: Demonstrate leadership and commitment to sustainability to investors, customers, and stakeholders  ⚠ Risk management and mitigation: Identify material sustainability-related risks and opportunities early on, allowing for proactive adjustments and strategic decision-making  🔢 Data readiness and operational efficiency: Streamline sustainability-related reporting and data collection processes, essential for accurate and efficient reporting   🌐 Stakeholder management: Build trust and establish strong relationships with key stakeholders, and gather valuable insights through stakeholder engagement    Importantly, the ISSB framework is designed to be interoperable with other leading sustainability standards and frameworks, such as the EU's Corporate Sustainability Reporting Directive (#CSRD) and building on the work completed by the Task Force on Climate-related Financial Disclosures (#TCFD). This interoperability will help to reduce the reporting burden for companies while ensuring consistent and comprehensive disclosure.     At Agendi, we believe that successful ISSB implementation goes beyond compliance, capitalizing on the integration of sustainability into core business strategy and leveraging sustainability reporting to drive business transformation. We offer tailored guidance to help businesses navigate the ISSB framework, optimize their reporting process and develop a tailored implementation strategy for long-term success.

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ESG stands for “environmental, social, and governance.” Though often overlooked, two recent cases focus on G’s place in the ESG initialism. The primary takeaway is that ESG issues increasingly animate litigation because ESG proponents often seek changes in corporate behavior that do not directly relate to any benefit to corporate shareholders. Corporate and investment decisions that factor in ESG-related criteria must carefully frame ESG-related decisions in terms that tie them to benefits to corporate shareholders — and not to society Learn more about the ESG Update by ArentFox Schiff https://ow.ly/ZHot50S8wQq #BrazilUSCham #ChamberMember #ResearchArticle #ESG #Governance

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The Transition Plan Taskforce (TPT) was delighted to input into this year's G20 Sustainable Finance Working Group (#G20SFWG) priority 'advancing credible, robust, and just transition plans', via our paper 'Opportunities and challenges relating to the use of private sector transition plans in emerging markets and developing economies' (https://lnkd.in/eABy3Cc3).

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Read Climate Bonds' input paper for the G20 Brasil 2024 Sustainable Finance Working Group, tackling the challenge of mobilising private finance for a credible and just transition in the steel and cement sectors! 🌱 🏗️ https://lnkd.in/dT2awHsm 🔹 **High Impact:** Steel and cement together account for over 13% of global CO2 emissions. Transforming these sectors is crucial for our climate goals 🌐 🔹 **Urgent Opportunity:** With 70% of coal-based steel blast furnace capacity requiring reinvestment by 2030, particularly in emerging markets, we have a prime chance to pivot to greener methods ⚙️ 🌿 🔹 **Government Influence:** Public procurement can be a game-changer. By prioritising low-carbon steel and cement, governments can stimulate massive investments in sustainable technologies 🏛️ 💡 🔹 **More Transparency in Transition Plans:** Consistent and transparent disclosure on financing and emissions is essential for credible transition plans and attracting private capital 💰 🔍 🔹 **Just Focus:** A just transition ensures that moving to a low-carbon economy benefits all, minimising social and economic disruptions 🌍 🤝 Fabio Passaro, Magali Caroline Van Coppenolle, Lily Burge

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The IFRS Foundation and EFRAG have jointly published interoperability guidance on climate-related disclosures which illustrates the high level of alignment achieved between the IFRS sustainability disclosure standards and ESRS. 📖  Read @PwC In brief for more details: https://pwc.to/4b8C1Hr #Viewpoint #IFRS #Sustainability #ESRS #EFRAG

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Transparência Internacional - Brasil and CoST – the Infrastructure Transparency Initiative launched a study assessing the New Brazilian Infrastructure Policy #PAC. The analysis reveals that PAC falls short of meeting minimum transparency standards. Download the study here: https://lnkd.in/eVxsV9hi

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ICYMI: A new report published by the IFRS Foundation sets out global progress towards both mandated and voluntary corporate climate-related disclosures. Here are some highlights in numbers: 🔴 1,000+ companies reference #ISSB standards in their reporting 🔴 30 jurisdictions are integrating these standards into their frameworks 🔴 Only 3% of companies fully meet TCFD recommendations Read the full report: https://lnkd.in/ejm4uyCj International Sustainability Standards Board (ISSB)

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🌍 New Report on Digital Public Goods for Climate Action in Brazil is Now Live! Data Privacy Brasil's new report explores how #DigitalPublicGoods and #DigitalPublicInfrastructure can drive the solutions and policies needed for climate action. With a focus on Brazil’s G20 leadership and its role as the upcoming COP30 host, the report highlights current and potential DPGs, showing how they foster transparency, innovation, and collaboration for climate impact. Read the report now and join the conversation on how DPGs can shape a sustainable future! ⤵️ https://lnkd.in/g4d5xpsU

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🌍✨ Insightful discussions at the EU session of the World Trade Organization's #TradeandEnvironment week! The EU 🇪🇺 is paving the way for renewable energy transitions through strategic trade tools and partnerships, supporting the COP28 Global Renewables and Energy Efficiency Pledge. EU Ambassador, João Aguiar Machado, outlined 🗝 takeaways: Trade policy is important for tripling renewable energy capacity and doubling energy efficiency by 2030. Our Free Trade Agreements (FTAs), including those with Kenya 🇰🇪, Chile 🇨🇱, and New Zealand 🇳🇿, boost clean energy investments, promote sustainable practices, and foster local value creation. By collaborating on critical raw materials and enhancing global trade frameworks, we’re driving a greener, more resilient future. 🌱 Grateful to @FancyToo 🇰🇪, @RonaldSaborio 🇨🇷, @A_Kasterine & @JeetKar for sharing perspectives on how trade can support a sustainable energy transition. #RenewableEnergy #Sustainability #GreenTransition #EUTrade #COP28 #EnergyEfficiency #GlobalPartnerships

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@PwC’s new Sustainability Reporting Adoption Tracker provides an overview of the local regulatory or legal sustainability reporting requirements by territory.  Take a look on Viewpoint  https://pwc.to/3U9rwgo #SustainabilityReporting #Viewpoint

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Another step towards standardised sustainability reporting at a global level 👏

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