Souad El Ouazzani

At MCC Sustainable Futures we understand nature. We continue to work with our clients to help them understand the risks and opportunities that nature can provide, and to prepare them for inevitable mandatory reporting on nature. https://lnkd.in/gnHzFRxg

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RELEASE OF THE FINAL ESRS IMPLEMENTATION GUIDANCE DOCUMENTS As promised, EFRAG released the final ESRS IG documents on the last day of May. Follow the link to access all three final documents. Here's a hint: Go to the Data Point Explanatory note to see the full overview of DPs, categorized into mandatory, voluntary, MDRs, etc.

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Is it true that ESG/sustainability disclosure devouring sustainability innovation? ❌ Well, maybe it is, for now. A study by IBM and Oxford Economics to 5,000 C-suite executives across 22 industries and 22 countries found that spending on sustainability reporting exceeds spending on sustainability innovation by 43% 📉 But I argue it can't be the case anymore in the near future 🔜 1. For now, think of sustainability reporting as a big upfront capital cost. It might be difficult and a huge task in the beginning, but as time goes on, it will get much easier. The beginning is always the hardest. Besides, it's for the mother earth. Let's factor in the importance of such disclosure. 75% of executives surveyed in the report agree that sustainability drives better business results, and 76% agree that sustainability is central to their business strategy 2. The reporting landscape is converging towards a global baseline, the ISSB Standards (IFRS S1 and S2). They are built on and consolidate the TCFD, SASB, CDSB Framework, Integrated Reporting Framework, and WEF metrics to streamline sustainability disclosures. Many jurisdictions already adopted or planned to adopt ISSB-aligned country-specific standards. All that while the report is comparable across countries (one of the strengths of ISSB). Initially, companies will need to make some efforts to transition, but it will cut costs and efforts significantly afterward. No more duplicate efforts for reporting. 3. Many disclosures are driven by investor demand and are investor-focused. Reporting is a good tool for them to see the progress and implementation on the ground. After all, companies need investor's money. Read the full study "Beyond Checking the Box" here https://lnkd.in/dcYXanQk

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Finally, the ISSB are taking meaningful steps towards reducing (rather than adding to) reporting complexity, considering the existing landscape of sustainability and climate change reporting standards led by the Global Reporting Initiative (GRI). This may mean further regulatory reforms at national levels, to streamline the reporting burden of new mandatory climate change and sustainability disclosures.

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I am excited and honoured to be in #Cali to attend the UN Biodiversity #COP16 representing ICF and the work of the European Business & Biodiversity Platform! As we urgently need to accelerate the transformation of our society at all levels to halt biodiversity loss and move towards nature positive, this COP will focus on #implementation and how to concretely progress towards that objective while leaving no-one behind. Building on my recent and ongoing work, I will contribute to discussions linking the macro and the micro level and focusing on questions such as: - How can companies successfully design credible integrated #transition plans linking climate and biodiversity objectives? - How can we rapidly mobilise additional public and private #financing to support this transformation? - What can we realistically expect from new financial instruments and what does it take to set them up? - What type of interventions are required to reach #positive #tippingpoints in our race to halt biodiversity loss and transform the system? - How to make sure this transformation leaves no-one behind and what does this mean in terms of #education, #skills and #capacitybuilding in companies and beyond? I am also looking forward to reconnect with many colleagues and meet new change makers!

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[#RegCentre] Reporting on #sustainability issues is growing rapidly as more and more countries consult and introduce standards requiring firms to explain their sustainability risks and opportunities. Paul Hamalainen, Director, Eric Cloutier, Partner, Gregory Marchat, Partner, provide a whistle stop tour around selected jurisdictions to provide an update on what has been happening in the past few months, what is to come and what these developments mean for firms. Read more on our #LetsTalkFS blog: https://lnkd.in/ekyrcsf3 Subscribe to our quarterly newsletter to explore our latest global financial regulatory developments: https://lnkd.in/e6d4pJ9K

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[#GrowingGlobal] Expanding into global markets presents both opportunities and challenges, particularly in navigating diverse regulatory landscapes. Whether it's adapting to Europe's stringent regulatory frameworks or aligning with emerging #sustainability and #DataCompliance requirements, understanding these dynamics is crucial for successful international growth. Discover how businesses can effectively address regulatory challenges and turn them into pathways for global success: https://lnkd.in/e38QjBEA

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Summer is here and it's the perfect time to enrich your knowledge while enjoying your holidays! Listen now to the new podcast series dedicated to sustainable finance produced by @NousProd with the support of Fondation Ethos. In 12 captivating episodes, discover the successes, challenges and objectives of this crucial field. 🎙️ The topics explored ? Greenwashing, responsible AI, ESG-backlash, engagement, active ownership, carbon offsets, divestment, regulation, transparency. The series also looks at some of the historic and emblematic battles waged by sustainable finance in Switzerland, such as the fight against abusive remuneration and the dual role of chairmen and CEOs. 📅 When to listen ? During your commute, while relaxing, or during your leisure time. 🔗 Access the episodes here : ·        🎧 In Fench : https://lnkd.in/gQjTF25a  https://lnkd.in/g8R8DFqq   ·        🎧 In German : https://lnkd.in/gCUQ_y9A https://lnkd.in/g6esgCnf   Make the most of your holidays to learn all about sustainable finance. Happy listening and a great summer to you all! #SustainableFinance #Podcast #ActiveOwnership #SummerListening 

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Global Progress on Climate Disclosures: Spotlight on the ISSB Standard The ISSB standard is setting the stage for globally consistent climate-related disclosures, focusing on crucial Scope 3 emissions reporting. With alignment to frameworks like the GHG Protocol and TCFD, this standard is making corporate climate data more transparent and actionable for investors. As COP29 continues in Baku, discussions emphasize the importance of unified, mandatory climate reporting to support regulatory compliance and investor confidence. Find more details here: ISSB Scope 3 Standards | Sustainability Footprint Management #Sustainability #ISSB #Scope3 #ClimateDisclosure #COP29 #SustainableFinance

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Still wrapping your heads around the European Union Corporate Sustainability Reporting Directive (#CSRD)? Global Reporting Initiative (GRI) with the support of Pascal Durand, MEP and #CSRD Rapporteur have recently launched a new #CSRD Essentials 2024 guide. Its easy-to-read, easy-to-understand and helps demystify #sustainabilityreporting and #esg integration within your organization.

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🏦 Climate transition plans are essential for banks, insurance companies, private equities and other financial institutions, not only to meet the regulation. Board members have a role to play to make it happen. This was the core of yesterday's webinar organized by Chapter Zero Brussels. I had the pleasure to detail why and how transition should be planned for this specific sector based on our experience with various clients. Vanessa Temple from ING Belgium then shared how challenging this can be in practice. 📽 Take a look at the recording if you missed it: https://lnkd.in/e83dnGmF #transitionplanning #climaterisks #CSRD #CSDDD #financialinstitutions #netzero #climatefinance #ngfs

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🌱 Exciting Development in Sustainability Reporting! 🌱 The European Financial Reporting Advisory Group (EFRAG) has released the Voluntary Sustainability Reporting Standard (VSME) tailored specifically for non-listed SMEs. Simplified Framework: The VSME standard provides an easy-to-use structure for SMEs to transparently report their sustainability performance. ESG Alignment: Designed to align with broader ESG expectations while considering the unique challenges faced by SMEs. Inclusive Approach: Aims to include businesses of all sizes in the sustainability journey, fostering a more sustainable future. Empowering SMEs: Equips small and medium enterprises with the right tools to contribute effectively to ESG goals. https://lnkd.in/eghEAN8V #Sustainability #SME #VSME #ESG #EFRAG #SustainabilityStandards

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Seems, that #GRI and #ESRS will either very closely cooperate, or will be merged. So that the world will use ESRS in EU and #IFRS S1/S2/SX (and their derivatives) in other parts of the world. #Sustainability reporting is moving towards a unified approach. Do you agree?

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🗎The Voluntary Sustainability Reporting Standard (VSME) for non-listed SMEs by EFRAG is here, providing clear #guidance on #reporting and structuring #ESG #metrics effectively. 🔗More: https://lnkd.in/dgdCy48r #sustainability #sustainabilityreporting #updates #EFRAG #EU #SMEs #nonlisted #copmanies #voluntary #standard

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GRI guide for the queries organisations have on reporting. #ehsconsultantsgroup #picspl #esgservices #ecovadis #watermanagement #wateraudit #esgtrainings #ehstraining #ehscompliance #esgconsulting #esgreporting #brsr #gristandards #energyaudit

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Are you impacted by the European Deforestation Regulation? You want to understand how this impacts you? You struggle with getting compliant in 7 months from now? You want to discuss your challenges and see how to reduce the cost of compliance and guarantee the quality and consistency of your performance? Join us in a series of webinars that will touch upon each of those topics… Tomorrow we start our joined journey!!

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The EU’s Corporate Sustainability Reporting Directive (CSRD) becomes effective for many entities in 2024. The CSRD significantly expands both the scope of existing requirements (including to some non-EU groups) and the sustainability reporting requirements, which will be in accordance with European Sustainability Reporting Standards. BDO’s ISRB 2024/04 summarises the scope and requirements of the CSRD.

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