Christian S.

International Sustainability Standards Board (ISSB) Initiates Research Projects on Nature and Human Capital Risks and Opportunities Emmanuel Faber #Climate #CapitalRisk #SustainableInvesting #HumanCapital FSB Task Force on Climate-related Financial Disclosures (TCFD)

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💥 More important new plastic research 💥 We've been working on research for Fauna & Flora which analyses plastic credit schemes and explores the scope, risks and uncertainties that surround them 💭 Our Head of Environmental Policy & Economics Chris Sherrington commented: “In the run up to INC-5, any claims by proponents of plastic credits about the role they might play in treaty implementation deserve careful scrutiny. 🔎 "Waste management has to function as a system. It needs costs to be covered (net of material revenues), a clear view as to how the system can grow and improve performance over time, and co-ordination in terms of the strategic development of facilities 🏭 "To attract investment, there needs to be a reliable counterparty. EPR schemes based on cost recovery can meet all of these requirements, credit schemes do not." 👊 Download the full report to find out more 👇 #plasticcredits #INC5 #plastictreaty #recycling #circulareconomy #EPR

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The European Financial Reporting Advisory Group (EFRAG) and the Task Force on Nature-related Financial Disclosures (TNFD) publishes a correspondence mapping for sustainable disclosure standards, aiming to illustrate the relationship between European Sustainability Reporting Standards (ESRS) and TNFD recommendations #esg #esginvesting

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The Dutch government, in collaboration with industries and organisations, has set its sights on a circular economy by 2050. This commitment is not merely a plan but a firm decision that reassures us of the country's dedication to integrating sustainable practices into its operations, processes, and decision-making. Dutch industries and companies must partner with those who share their values to accelerate the adoption of greener practices and turn their vision into reality. At Sapphire, we are keen to offer our sustainable ideas and innovations to our peers in the construction world. Architects, contractors, and project managers committed to sustainability understand the importance of meticulously selecting their resources. This commitment to integrity is vital to incorporating sustainable practices in their projects. At Sapphire, we have worked tirelessly to develop intelligent and low-carbon solutions for projects that focus on sustainability. Sapphire is passionately driven by Vision 2030, which is based on a commitment to science-based targets (SBTs) and leading the industry with responsible practices. Discover below why Sapphire is the right choice for your next project. To read more about our vision and see how we are progressing, visit us at https://lnkd.in/gFjaq6FN #CircularEconomy #SustainableConstruction #Vision2030

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Each week, we collect some of the top #ESG and #climate stories to keep you updated and informed on the latest developments in #sustainablefinance. Here are some of the #headlines that have caught our eye this week: ✳ ISSB Moves to Standardise Reporting on Climate Transition Plans, GHG Emissions – ESG Today https://lnkd.in/emWY3F_v ✳ Financial Advisors Anticipate Increased ESG Investments – Funds Europe https://lnkd.in/eHvzSgHF ✳ 2024 proxy season sees investors embrace the ‘G’ in ESG – Pensions & Investments https://lnkd.in/e_BwvjRf ✳ Switzerland Proposes Major Expansion in Sustainability Reporting Requirements for Companies – ESG Today https://lnkd.in/e-W3Sr3X ✳ Sharp rise in number of climate lawsuits against companies, report says – The Guardian https://lnkd.in/ekX9AEpt #NewsReview #Sustainability #WeekInESG

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ISSB plans to develop new disclosure standards for Biodiversity and Human Capital. Please recall that they already rolled out general sustainability (IFRS S1) and Climate (IFRS S2) reporting standards in 2023. Biodiversity seems to be catching a lot of attention across sectors. GRI had also announced revision in their Biodiversity standard in January 2024 https://lnkd.in/gxk5iiZS #biodiversity #ISSB #IFRS

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The following are notes of the presentation delivered at AlterCOP29, on the 14th November 2024.  These are my opinions, as President of Red Sycamore. Regulators are setting minimum standards for sustainability reporting and disclosures to introduce more transparency and accountability on climate issues.  One of the discussions is the legal responsibilities of Chief Sustainability Officers (CSOs).  Some companies are pushing for the appointment of people with legal backgrounds.  Others, including myself, are pushing for CSOs to have an accounting background, because this is not primarily about legal compliance, but financial compliance. Countries are developing green taxonomies to standardise what qualifies as a green or sustainable investment.  The ASEAN Taxonomy Version 2 was released in June 2023, to provide a science-based framework to classify sustainable activities.  It includes four environmental objectives: mitigation of climate change risks, adaptation to climate change, protection of healthy ecosystems and biodiversity, and promotion of resource resilience and a transition to a circular economy.  The ASEAN Capital Markets Forum (ACMF) has released a roadmap for sustainable capital markets, focusing on strengthening infrastructure and improving access to financial products.  This roadmap aims to promote sustainable finance and support the region’s transition to a low-carbon economy. The ASEAN Taxonomy aims to ensure interoperability with other widely used international taxonomies, such as the EU Taxonomy and the Green Bond Principles. Indonesia, Malaysia, The Philippines, Thailand and Vietnam are developing national taxonomies to align with the ASEAN Taxonomy.  Here, in Singapore, we have introduced a carbon tax and are developing its taxonomy to support sustainable finance and decarbonisation efforts. Issuance of green bonds has increased, with a cumulative value of over US$4 trillion since 2018.  Sustainability-linked bonds have gained traction, as they link financial performance to sustainability targets.  Despite a drop in net inflows from US$161 billion in 2022 to US$63 billion in 2023, sustainable funds continue to attract significant investments.  Environmental, Social, and Governance (ESG) funds are becoming more popular.  Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs) provide funding and support for sustainable projects.  These institutions help to implement policies that promote sustainable finance.  The sustainable finance market in SEA is still relatively small, which indicates significant potential for growth.  Several countries in the region are considering or implementing carbon pricing mechanisms to incentivise emission reductions. (Continued) Terence Nunis Terence K. J. Nunis, Consultant President, Red Sycamore Global

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Navigating Change: #ISSB #SustainabilityStandards #Interoperability Key Takeaways: - Increased global adoption of ISSB standards imminent, demands proactive data preparation. - ISSB's focus on biodiversity, ecosystem services, and human capital management heralds new standardized reporting domains. - Interoperability between ISSB and ESRS offers a pragmatic approach to unified climate reporting standards. Further Insights 1. Global Adoption: Jurisdictions worldwide, from Brazil to Australia, are moving towards adopting or considering ISSB standards, underlining a shift towards global sustainability reporting norms. 2. Key Focus Areas: The ISSB's recent consultations have led to a focal shift towards researching and potentially standardizing reports on biodiversity, ecosystem services, and human capital, indicating broader sustainability concerns. 3. Interoperability Guidance: Recent interoperability guidance between ISSB and ESRS emphasizes streamlined climate reporting standards, aiding entities reporting under multiple frameworks with comparative disclosures requirements. 4. Reporting Taxonomy: The ISSB published the IFRS Sustainability Disclosure Taxonomy to facilitate identification, comparison, and extraction of sustainability report data, enhancing report utility and comparability. 5. Immediate Action Need: With the globalization of ISSB standards, businesses must prepare by acquiring necessary data for future disclosure requirements, suggesting an urgent shift away from complacency. Closing Thoughts: As sustainability standards evolve rapidly, how prepared are businesses to adapt to and leverage these changes for strategic advantage? The emphasis on data readiness highlights a broader narrative of sustainability becoming central to business reporting and decision-making. Listen to this episode: https://lnkd.in/gtxKxU-8

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Chief Sustainability Officers (CSOs) are pivotal in steering companies towards sustainable practices, yet they are often left unsupported and overburdened. The role of the CSO is ever-expanding, loosely defined, and often not recognized for the value it brings to a business. This mismatch leads to chronic stress, isolation, and eventual burnout. Companies must acknowledge that sustainability is not a one-person job and requires comprehensive support structures. UNFOLD believes that addressing burnout in sustainability roles is not just about protecting individuals; it’s about ensuring the effectiveness and longevity of corporate sustainability initiatives. #corporateaffairs #sustainability https://lnkd.in/e6nNhRpH

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🌟 GRI Introduces 'CSRD Essentials' to Streamline EU Corporate Sustainability Reporting 🌟 🌿Learn more: https://lnkd.in/dmdqiqZe The Global Reporting Initiative (GRI) has launched the 'CSRD Essentials' series, a comprehensive guide designed to simplify the EU's Corporate Sustainability Reporting Directive (CSRD) requirements. This initiative is set to transform how over 42,500 companies within the EU, and many more globally, report on their ESG impacts. 🔍 Key Features: 📈 Comprehensive Guide: Step-by-step instructions to meet CSRD standards. 🌍 Broad Reach: Targeting a vast array of companies, including large enterprises and SMEs. 📚 Accessible Content: 11 detailed briefings covering crucial aspects of the CSRD. Whether you're a large corporation or a small to medium-sized enterprise, the CSRD Essentials series is your go-to resource for ensuring compliance with the latest sustainability reporting standards. Embrace transparency and accountability in your ESG reporting journey! #Sustainability #CorporateReporting #CSRD #GRI #ESG #Transparency #Accountability #EURegulations #ESRS #ESGVoices

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🌐 Understanding Double Materiality Assessments (DMA) for the Corporate Sustainability Reporting Directive (CSRD) is vital for today’s corporate sustainability landscape.   Last week, as part of London Climate Action Week, we held a webinar delving into DMA for CSRD. If you couldn’t join us, don’t worry! Our slideshow is now available, summarising all the key insights.   📩 Interested in the full webinar recording or would like to set up a dedicated converstation? Feel free to contact [email protected]   #LCAW #CorporateSustainability #DMA #CSRD #WebinarRecap

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The CCAQ has published its comment letter on the proposed #sustainability risk and #climate metric disclosure standards (CSDS 1 and CSDS 2). The CCAQ supports the establishment of a global baseline for sustainability reporting, and we understand that there is widespread stakeholder support for the creation and adoption of a standardized sustainability risk assessment and a climate-related metric disclosure standard. However, we believe that there are challenges with the application and implementation of these standards. Those implementing these standards could benefit from: - An extended transition period for adoption of the standard - Consideration of a phased transition period or a “safe harbour” provision for good faith estimates - Additional considerations for small to medium sized public enterprises - Practical guidance on how to apply “undue cost and effort” for small to medium sized public enterprises - Standardization for scenario analysis and quantification techniques for climate resilience - The development of verifiable sources of information for #GHG #emission metric disclosure in the Canadian market Please visit our website to read the comment letter below: https://lnkd.in/gUg2tfeq

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🚨 CSRD Alert: 17 EU Member States Behind on Sustainability Reporting Implementation 🚨 The EU Commission has taken formal action against 17 member states for failing to transpose the Corporate Sustainability Reporting Directive (CSRD) into national laws. The CSRD is designed to significantly expand the scope of sustainability reporting, impacting over 50,000 companies. However, with several states lagging behind the July 2024 deadline, harmonisation of reporting standards remains a challenge. 🌍 Why does this matter? Inconsistent implementation across the EU makes it harder for businesses to align on sustainability reporting, especially for companies operating across borders. It also disrupts the flow of critical data needed for effective Scope 3 emissions management and climate strategies. 🔎 At TripShift, we’re focused on making sustainability reporting easier by providing accurate scope 3 travel and commuting data to help companies manage their footprint. As regulations continue to evolve, we help businesses stay ahead of the curve. #CSRD #Sustainability #Scope3Emissions #CorporateReporting #Movebetter https://lnkd.in/gT58uNPP

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What does the new EU Corporate Sustainability Reporting Standards Directive (CSRD) mean for biodiversity and what might ESRS E4 be about? While many maybe aware of its importance with respect to corporate sustainability, the new directive is also a significant step for biodiversity and nature 49,000 European small, medium and large companies which will need to start reporting from this year. Find out more how your company can help! https://lnkd.in/gH-grd-K #CSRD #Biodiversity #Ecology #Corporate #Sustainability #SDGs #Reporting #Disclosure #Standards #ESRSE4

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First published in 2010, the State of the Sustainability Profession looks at the evolution of the role of the sustainability leader in today’s business world. 🌎 Among the key findings: • The number of corporate sustainability workers, both full-time and freelance, has been rapidly increasing. • Salaries for sustainability professionals have grown more than in any time since we started publishing this report 14 years ago. • Sustainability executives are rising in seniority within their organizations. • More often now sustainability teams report to general counsels. ➡️ Read the full 2024 report here: https://buff.ly/3YdEP1R

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