Henning Ohlsson

At GMH Gruppe, we've joined the Science Based Targets initiative (#SBTi), committing to #climateneutrality by 2039. Our journey toward sustainable steel began with electric steelmaking 30 years ago, but high #electricity costs now #threaten our progress. For energy-intensive industries like ours, #competitive electricity rates—ideally 4-6 euro cents per kWh—are essential for driving #GreenTransformation. Renewable energy’s low production costs must benefit industry directly, and CO₂ pricing should support, not restrict, sustainable solutions. We're ready to lead and truly want to do the transformation, but competitive rates are critical to making climate neutrality #achievable. Read more on the link. https://lnkd.in/eUU2mgpT #GreenSteel #ClimateNeutrality #SBTi

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Moving from voluntary to mandatory sustainability reporting—Transparency in sustainable development goals (SDG) reporting: An analysis of Germany's largest MNCs Eva Katharina Donner, Annekatrin Meißner, Suleika Bort Open access → https://lnkd.in/gex9HhFp #MultinationalCompanies #MNCs #SustainabilityReporting UN #SustainableDevelopmentGoals #SDGs #Disclosures 🇩🇪

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This week, policymakers are meeting in Bonn (Germany) at the 11th meeting of the #ParisAgreement's carbon market mechanism [Article 6.4] Supervisory Body (SB 011) to discuss a packed agenda, including the adoption of policies on: The grievance process which is mandated to provide an avenue for people who are harmed to seek remedy, and A sustainable development tool that aims to ensure that activities assess, manage, and avoid possible negative environmental and social impacts or promote positive ones and provides safeguards for the mechanism. Spoiler alert: What’s on the table is inadequate & risks harming people & ecosystems! Under international human rights law, those whose rights are violated are entitled to effective remedy. This obligation applies to the climate crisis, and remedy are vital to realizing climate justice for communities. To guarantee that communities have an avenue to seek effective remedy for the harm caused by carbon markets’ projects, an Independent grievance mechanism must be in place before any activities take place. The Appeals and Grievance Procedure must: Be independent and free of charge or fee Be easily accessible by anyone who thinks will be harmed by the project Be grounded in all human rights law Have adequate resources to freely investigate and be enforced Guarantee confidentiality of complaints #CarbonJustice #VoicesWeNeed #RightToRemedy #ClimateReparatons #ClimateJustice

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This week, policymakers are meeting in Bonn (Germany) at the 11th meeting of the #ParisAgreement's carbon market mechanism [Article 6.4] Supervisory Body (SB 011) to discuss a packed agenda, including the adoption of policies on: The grievance process which is mandated to provide an avenue for people who are harmed to seek remedy, and A sustainable development tool that aims to ensure that activities assess, manage, and avoid possible negative environmental and social impacts or promote positive ones and provides safeguards for the mechanism. Spoiler alert: What’s on the table is inadequate & risks harming people & ecosystems! Under international human rights law, those whose rights are violated are entitled to effective remedy. This obligation applies to the climate crisis, and remedy are vital to realizing climate justice for communities. To guarantee that communities have an avenue to seek effective remedy for the harm caused by carbon markets’ projects, an Independent grievance mechanism must be in place before any activities take place. The Appeals and Grievance Procedure must: Be independent and free of charge or fee Be easily accessible by anyone who thinks will be harmed by the project Be grounded in all human rights law Have adequate resources to freely investigate and be enforced Guarantee confidentiality of complaints #CarbonJustice #VoicesWeNeed #RightToRemedy #ClimateReparatons #ClimateJustice https://lnkd.in/dHvhM52Q

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New paper out on corporate zero-deforestation commitments (ZDCs) by Georg Winkel and colleagues! 'While corporate ZDCs can be seen as having advanced private governance in the fight against deforestation, more is needed still for effective implementation. Public governance and regulations could play an increasing role in stimulating adoption and implementation of private governance initiatives, like corporate ZDCs.' Find the full article here: https://lnkd.in/gscQHarv This paper addresses knowledge gaps related to implementation of corporate zero deforestation commitments (ZDCs). Drawing on an analytical framework of organizational change, we scrutinize changes and processes internal to a company in adjusting to zero deforestation supply chains. The empirical data consists of 48 online questionnaires and 49 online interviews with actors involved in forest-risk commodity (FRC) supply chains, both internal actors in companies and external actors (e.g., NGOs). Concerning organizational changes, findings show that diverse drivers have triggered companies to adopt ZDCs, but most are external drivers. Organizational change following ZDCs has taken place within companies but only to a limited extent. Our study concludes that while corporate ZDCs can be seen as having advanced private governance in the fight against deforestation, more is needed still for effective implementation. Public governance and regulations could play an increasing role in stimulating adoption and implementation of private governance initiatives, like corporate ZDCs.

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Mr. Wegner shared recent work from Bundesrechnungshof which identified how #greenbudgeting results greater #transparency in #climate action and can improve #audit preconditions with better #data and more information. #UN #INTOSAISymposium #SDG13 #climateaction

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🌍 In our #PostCOP28ReflectionsSeries, our Senior Responsible Investment and Sustainability Advisor Svenja Weber revisits the Declaration on Gender Responsive Just Transitions, which garnered 76 signatories during COP28’s Gender Equality Day. This pledge aims to foster female leadership and decision-making capabilities to achieve gender equality. 💡 COP28 underscored that integrating gender is crucial for building resilience to climate change, driving climate action, and achieving just societies. However, achieving gender balance requires fundamental recognition of gender equality principles, including understanding gender-related terminology and recognising the interconnections between gender dynamics and climate change. This shift in mindset and structure won't happen overnight. 📈 The UAE has made significant strides in closing the gender gap, ranking 7th globally and 1st regionally in the Gender Inequality Index (GII) of the UNDP's Human Development Report in 2024 (up from 49th in 2015). Yet, globally, there remains a gender pay gap of approximately 20%, with only 8% of CEO positions in the S&P 500 held by women. Achieving a just transition and ensuring equality at all levels requires collective efforts between all actors, male, female, public, and private sectors, to dismantle gender bias and leverage diversity. 💼 At Sustainable Square, promoting gender equality and supporting the achievement of SDG goal 5 – Gender Equality – are central to our work. Every project we undertake prioritises women's empowerment, inclusion, and equal opportunities. We ensure that our gender-supportive corporate values are integrated into client projects, making social sustainability efforts inclusive of gender equality considerations. #COP28 #GenderEquality #ClimateAction #SustainableSquare #SDG5 

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🌐 #CircularMinds: #Kreislaufstadt – Boosting Resilience and Value Creation in Hamburg In the quest for a #CircularEconomy, Hamburg is leading the way as a pilot city in the #Kreislaufstadt project. Recently, 50+ key actors from Hamburg’s circular economy scene convened at the #PopUpCircularHub to deliberate objectives and essential measures for the city’s circular economy strategy. 🎥 Watch the video: Sandra Wagner-Endres from Deutsches Institut für Urbanistik (Difu) succinctly outlines the project’s core aspects, emphasizing the role of local and regional resilience and value creation. 🌱🔄 #CircularEconomy #Sustainability #Hamburg #CircularCities4ALL

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Moving from a take-make-waste linear economy to one that is circular by design is crucial for business, nature, and society to thrive — and measuring and reporting on progress is a key driver in this transition. We welcome the IFRS Foundation International Sustainability Standards Board (ISSB) announcement that it will embark on a new work plan, which includes exploring the risks and opportunities associated with biodiversity and ecosystem services, and enhancing the SASB Standards industry-specific standards. This development and evolution of disclosure standards offers an opportunity to meet increasing investor demand for information on risks related to resource scarcity, material flows, supply chain resilience, and pollution, and enables companies to demonstrate how they are addressing these challenges through circular solutions such as product design and service-based business models. Find out more about the role of measurement and reporting in the transition to a circular economy: https://lnkd.in/euCp4R2k

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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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Studie: Most CEOs Sticking with Climate Strategies, but Changing How they Communicate it: KPMG Survey 09.10.2024 - Investoren Plattform News: ESG More than two thirds of CEOs report that they remain committed to their climate strategies, but are adapting the language and terminology they use to communicate it, and while many are not confident that their companies will achieve their near-term climate goals, most anticipate significant returns from their sustainability efforts over the next five years, […] und mehr als 9.400 weitere Artikel finden Sie unter: https://lnkd.in/ebDaW6Ar

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𝗔𝘁 𝗖𝗢𝗣, 𝘁𝗵𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝗱𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻 𝗶𝘀 𝘀𝘁𝗶𝗹𝗹 𝗳𝗮𝗿 𝗳𝗿𝗼𝗺 𝗮𝗻𝘆 𝗰𝗼𝗺𝗽𝗿𝗼𝗺𝗶𝘀𝗲. On Thursday morning a new draft of the COP29 climate finance agreement - known as the New Collective Quantified Goal (#NCQG) - was published. The new text is more streamlined than previous versions, but still does not include an agreed target figure for the final goal. Negotiators now have just a few days to resolve outstanding divisions and decide a finance target that can ensure support for crucial climate action in developing countries for decades to come. The lack of a finance target in this draft is a worrying sign that the most challenging decisions are being left to the last minute. Also no decission yet on the donorbase. Developped countries want this to be expanded to countries like China, who's economies and emissions have grown considerably during the last decade. Up till now, no developped country has suggested any number for the final finance goal. Only the EU came with 200 to 300 billion but this was dismissed by the G77 (134 countries) + China as 'a joke'. WWF’s expectation is that the NCQG should establish a minimum floor of US$1 trillion annually in predominantly grant-based funding, reflecting the needs of developing countries. 𝗦𝘂𝗿𝗽𝗿𝗶𝘀𝗲 𝗳𝗿𝗼𝗺 𝗖𝗵𝗶𝗻𝗮? Some observers hope that China will step in deus-e-machina wise before the end of this COP. At the G20, Xi Jinping announced steps to support the Global South and made the case for multilateral cooperation. Now it seemes that China is making noises that suggest it could fill a US vacuum. 𝗔𝗱𝗮𝗽𝘁𝗮𝘁𝗶𝗼𝗻  In the GGA (Global Goal on Adaptation) negotiations, the draft text reflects key elements discussed but leaves issues on means of implementation (MOI), standing agenda item on GGA, Task Force on Adaptation, and transformational adaptation action as options for final consultations. Language on gender and nature is weak and must be strengthened in the indicator development process. Agreement on MOI indicators is essential to ensure adaptation finance, capacity, and technology needs are met transparently for effective implementation of the UAE Framework for Global Climate Resilience. 𝗡𝗮𝘁𝘂𝗿𝗲  The draft NCQG text contains one welcome reference to the “synergies and interdependencies between finance for climate, biodiversity, land degradation and the sustainable development goals”. The draft GGA contains one reference to the inclusion of indicators “that are relevant to specific ecosystems”. The package does not contain any substance on the role of ecosystems such as ocean and forest for climate mitigation and adaptation, or any attempt to advance synergistic work between Rio Conventions. No mention of nature-based solutions in the draft texts. It's clear that the coming days negotiators will have some particularly hard nuts to crack, once again. #COP29 #COP29Bakoe #ClimateFinance

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Global Reporting Initiative (GRI) has launched a new linkage service to align its standards with the EU Corporate Sustainability Reporting Directive (CSRD). This initiative, in collaboration with EFRAG, ensures seamless integration for 42,500 companies, enhancing global relevance. GRI provides comprehensive resources, including an interoperability index and training courses, to support organizations in meeting CSRD requirements. This development reinforces GRI's role in the evolving sustainability reporting landscape. (ref: https://lnkd.in/gKbND8NR) #Sustainability #Reporting #GRI #CSRD #ESG #ImpactReporting

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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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🌍 Six years until 2030 - and only 15% of the Sustainable Development Goals #SDGs are on track. The world needs renewed urgency now. The SDGs are the cornerstone of the #2030Agenda and reflect an understanding that development everywhere must integrate economic growth, social well-being and environmental protection. They offer the most practical and effective pathway to tackle the causes of poverty, violent conflict, human rights abuses, climate change and environmental degradation. 🇺🇳The High Level Political Forum on Sustainable Development is the largest global forum to review progress and advance implementation of the SDGs. It takes place every year in the United Nations Headquarters in New York, this year from 8-17 of July. 🇩🇪 Germany is a staunch supporter of the #GlobalGoals. #HLPF2024 is a moment to take note of the progress that has been made - and to take decisive action for further implementation in order to safeguard a livable future for all. United Nations Department of Economic and Social Affairs

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NEWSLETTER | #Impact 5 years ago, in the summer of 2019, we launched Ksapa. 5 years that have gone by in the blink of an eye ... but so packed that it feels like 15! Not just for the Ksapa team, but for the field of #sustainability, which has become much more democratic. 5 years ago, for example, the European Sustainable Finance Plan - which gave rise to the #CSRD, the green taxonomy and the #SFDR - was still at the intention stage. The central banks had just set up the NGFS. The integration of #ESG risks into investment decisions was still far from being the norm. Even if the European Green Deal is now in the spotlight, it has to be said that the development of a sustainable regulatory framework has moved into another dimension. Sign up to continue reading and find out more! In the latest newsletter, we discuss: 👉 Climate Week NYC 2024 👉 #CSRD – Identifying IROs in a double materiality analysis 👉 Addressing the risk of #ForcedLabor in the Green and #JustTransition Value Chains Subscribe here and receive our monthly #newsletter 👉 The newsletter, as always, apprises you of Ksapa's recent and upcoming events and publications! Happy Reading! #Newsletter #Sustainability #ClimateAction #SDGs #BizHumanRights

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#ESRS conform 📉 #ClimateTransitionPlans - we are currently collecting 🚀 good practice examples from EU and beyond. 💡 Who is aware of any companies with public Transition Plans in ✅ alignment / orientation with ESRS?

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