Sónia Cardoso

📊 2024 Report on Sustainable Development Goals (SDGs) 2024 🌍 The report on the evolution of the SDGs for 2024 was released this month. It reveals that only 16% of the SDGs' targets are on track globally, while 84% show limited progress or even regression. On a positive note, Portugal has shown continuous improvement in recent years, reaching the 16th global position. From the main conclusions for this year, I highlight the following: -> Targets related to food and land systems are particularly off track. Globally, 600 million people will still suffer from hunger in 2030, while obesity continues to rise. At first glance, this conclusion may seem very related to SDG 2, but it has strong interrelations with other SDGs as well, such as SDG 3 (health), SDG 12 (sustainable production and consumption), SDG 13 (climate action), among many others. Given the relevance of the topic, the report even dedicates a special chapter to food systems, including scenarios aimed at achieving sustainable food: affordable production for everyone, leaving no one behind, while minimizing environmental impacts and greenhouse gas emissions. To address these challenges, the report includes conclusions from the FABLE Consortium, which suggests changes in dietary habits to avoid excessive consumption and waste, and to promote greater consumption of plant-based protein, with moderate (not excessive) meat consumption. Furthermore, to limit the expansion of agricultural land, pathways are suggested to promote productivity increases and halt deforestation. Sustainable food system is my wish to 2030. The importance of a resilient food system has been recognized with the COVID-19 pandemic, followed by the conflict in Ukraine, and the impact of adverse weather effects. Therefore, we need to promote and choose healthy and sustainable food systems. For a sustainable 2030! Sources: SDG Index Dashboard e https://lnkd.in/dqFC6UdU #Sustainability #SustainableDevelopmentGoals #SDGs #Portugal #SustainableDevelopment #2024Report #FoodProduction #FoodSystems #SustainableInvestment #FoodConsumption #FoodDiet #Sustentabilidade #ObjetivosDeDesenvolvimentoSustentável #ODS #Portugal #DesenvolvimentoSustentável #Relatório2024 #ProduçãoAlimentar #SistemasAlimentares #InvestimentoSustentável

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Recent developments from EFRAG are noteworthy. EFRAG announced the release of the #Interoperability Guidance in partnership with the IFRS Foundation. For detailed insights, please visit: https://lnkd.in/eY4QajNy Key highlights from the guidance include: - Alignment Achieved: Illustrates the high level of alignment between the International Sustainability Standards Board’s (ISSB) Sustainability Disclosure Standards and the European Sustainability Reporting Standards (ESRS). - Practical Application: Offers detailed analysis and practical support on applying both sets of standards, especially in climate-related disclosures. - Designed for Simplicity: Aims to reduce complexity, fragmentation, and duplication for companies that are applying both the ISSB Standards and ESRS. - Efficiency and Compliance: Supports global companies in meeting disclosure requirements efficiently, promoting transparency, comparability, and accountability. - Decision-Useful Data: Guides companies on collecting, governing, and controlling decision-useful data effectively. This guidance is a significant step towards standardised global sustainability reporting. #CSRD #EFRAG #ESRS #ISSB #SustainabilityReporting #IFRS

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The EU’s Corporate Sustainability Reporting Directive (CSRD) becomes effective for many entities in 2024, with a later effective date for some entities. The scope of the CSRD will apply to many non-EU groups, which will have a significant effect, including the requirement to apply European Sustainability Reporting Standards. It is crucial for non-EU groups to determine if they will have a reporting obligation under the CSRD. BDO’s ISRB 2024/05 summarises the scoping rules of the CSRD applicable to non-EU groups.

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EU Comission warns 17 member States over failure to implement CSRD sustainability reporting rules! Here's a breakdown of the situation: 1️⃣ 17 out of 27 EU countries have not met the CSRD implementation deadline. 2️⃣ The CSRD is key to boosting accountability, affecting 50,000 companies across the EU, and ultimately shaping a more sustainable economy. 3️⃣ The Commission is sending a clear message: delays are not an option. We hope to see this warning push the countries to be faster in implementing CSRD rules! Read here to see which countries are and are not succesfully implementing these rules: https://lnkd.in/dq6kVfmY #Sustainability #ESG #CSRD #CorporateReporting #SustainableFuture #EU

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UNRISD is pleased to see the increasing recognition of the Sustainable Development Performance Indicators (SDPI). I made some research: when and what was written in the context of the European Sustainability Reporting Standards (ESRS)? 🌍📊. The SDPI platform is cited as a valuable resource, especially for setting local ecological thresholds for sustainability targets. For example, this draft E2 Pollution from Nov 22: "When determining (local) ecological thresholds to set targets, the undertaking may refer to the guidance provided by TNFD on the use of the methods by the Science-Based Targets Initiative for Nature (SBTN), the relevant work outlined in the Sustainable Development Performance Indicator (SDPI) online platform, or any other guidance with a scientifically acknowledged methodology that allows setting of science-based targets by identifying ecological thresholds and, if applicable, entity-specific allocations." 📘📐 Source: https://lnkd.in/eR2FKxSJ The SDPI support science-based indicators, authentic transparency and context based sustainability reporting. 🌱. Curious about where and how SDPI is also mentioned? Stay tuned for more insights! 🔍 #Sustainability #SDPI #ESRS #UNRISD #ScienceBasedTargets #EcologicalThresholds B.A.U.M. e.V. - Netzwerk für nachhaltiges Wirtschaften Ilcheong Yi Zhen Lee Ibon Zugasti Michael Peck Sonja Novkovic Delilah Rothenberg Shannon Mullins Nassima Bekhechi, CFA, CIPM Eunsun Lee Goran Jeras Heike Grosch Matching Fusion Johannes Förster, PhD Tobias Wildner Helmholtz Centre for Environmental Research (UFZ) Andreas Hoepner Prof. Dr. Ralf Frank Sustainserv

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ESRS E1 (European Sustainability Reporting Standards - Climate Change) ESRS E1 focuses on climate change reporting. It aims to specify disclosure requirements that help users of sustainability statements understand how an undertaking is affected by climate change and how climate change affects the business resilience and performance in terms of both positive (opportunities) and negative impacts as well as risks related to climate changes. It covers topics such as greenhouse gas (GHG) emissions, transition plans for climate change mitigation, and compatibility with the Paris Agreement’s goal of limiting global warming to 1.5°C. In summary, ESRS E1 provides guidelines for reporting on climate-related matters. How can companies work with ESRS E1 and where are the enablers of reporting, transition and performance frameworks? The IPCC is a scientific body that assesses climate change research. It produces reports based on the latest scientific knowledge, including projections, impacts, and adaptation strategies. The IPCC’s work informs global climate policy and action. It provides essential information for policymakers, businesses, and organizations. IPCC provides knowledge on climate change. TCFD (Task Force on Climate-related Financial Disclosures) is a framework that encourages companies to disclose climate-related financial risks and opportunities. It helps organizations assess and disclose their exposure to climate risks, including physical risks (e.g., extreme weather events) and transition risks (e.g., policy changes, technological shifts). By following TCFD recommendations, companies can enhance transparency and resilience. SBTi helps companies set science-based targets for reducing GHG emissions. These targets align with the Paris Agreement’s goal of limiting global warming to well below 2°C or even 1.5°C. SBTi provides a robust methodology for companies to ensure their emission reduction goals are consistent with climate science. The GHG Protocol is a widely used standard for measuring and managing GHG emissions. It provides guidelines for calculating emissions from different sources (e.g., direct emissions from owned facilities, indirect emissions from purchased electricity). Organizations can use the GHG Protocol to track their emissions and develop reduction strategies. TPT assesses companies’ alignment with the transition to a low-carbon economy. It evaluates how well companies manage climate-related risks and opportunities. Investors and stakeholders use TPT data to make informed decisions and engage with companies on climate issues. In summary, these frameworks and initiatives play crucial roles in addressing climate change, promoting transparency, and enabling sustainable practices. They guide organizations toward responsible climate action and help align business strategies with global climate goals. Please reach out if you have any add ons for the table!

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🌎 A Tale of Two Continents 🌍 Today morning I realized that I didn't properly stop to celebrate the EU Nature Restoration Law. This got me thinking about how the EU challenge compares to Brazil's current plan to restore native vegetation, the Planaveg 2.0. Both share the concern that the future of food production and climate regulation depends on the success of these measures, with the Brazilian version also committed to social justice. 🌳 Brazil's current plan aims to restore 12 million hectares by 2030, while the EU law aims to force the restoration of 10 million hectares of forest alone, with other significant portions in various habitat types by 2050, with 20% of the goal achieved by 2030. The EU will face challenges in agricultural-dominated landscapes and potential reductions of the goal if it compromises food production. Meanwhile, Brazil continues the dramatic and long struggle of implementing the Forest Code, addressing a deficit greater than the restoration goal that relies on instruments such as area compensation. 👩‍🌾 What makes this comparison so interesting? Planaveg is a plan that promotes environmental regularization and creates space for national policies, while the EU law demands that member states meet the targets with little room for deviation, quite different ways to achieve the same goal. As I share with you my double hope to see them both fully achieved, I also look forward to seeing more and more native vegetation captured by the lens of satellites in the growing number of forest maps. 🛰 #NatureRestorationLaw #EU #Brasil #Planaveg #EnvironmentalPolicy EU NRL impact assessment: https://lnkd.in/dSeC2pWh Release of GEF Proveg project - automatic subtitles in en: https://lnkd.in/dfFW-nJE

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🚀 EFRAG has released the first draft of the Transition Plan Implementation Guidance! 🚀 Here’s what you need to know: Purpose & Scope: This guidance provides essential, non-binding #support for organisations implementing climate change transition plans under #ESRS requirements. Regulatory Alignment: It connects ESRS disclosure requirements with #EU regulations, including the Corporate Sustainability Due Diligence Directive (#CSDDD) and the #EUTaxonomy, to support comprehensive #compliance. Structure & Targets: The document is organized across key areas: European framework, specific disclosure requirements for climate #transition plans, links to broader #EUregulations, international standards, and a FAQ section. Companies must disclose their targets and demonstrate compatibility with the 1.5°C goal of the #ParisAgreement. Decarbonization & Investment: The guidance outlines required decarbonization actions, such as operational and product adjustments, as well as investments in #Taxonomy-aligned CapEx to drive emissions reduction. Governance & Strategic Integration: Emphasizes the need for transition plans to be embedded in overall strategy with active governance body involvement. Progress & Broader Impacts: Companies must provide updates on their progress toward transition goals, tracking the #effectiveness of actions taken. Organizations are also encouraged to assess #social and #biodiversity #impacts, #risks, and #opportunities arising from the transition. This guidance is a critical resource for navigating the evolving #sustainability and #ESG reporting landscape! #EFRAG #ClimateTransition #SustainabilityReporting #Decarbonization

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Gabriela Figueiredo Dias emphasises the need to produce ethics and independence standards fit for purpose for the "risks and threats and problems" that affect sustainability reporting, which aren't identical to financial reporting. In terms of the importance of regulation, to provide consistency between companies, "How do you think about the role of regulators?" David Madon he asks Akira Nozaki. "It's essential for a national regulator like us to take a flexible and dynamic approach" that meets stakeholders' needs, Akira says, and "we will continue to contribute to the establishment of an international disclosure framework". He says that educational materials on standards (eg from ISSB) will be very valuable. "Limited versus reasonable" assurance is key to understand, alongside what the early assurance reports will look like, says David Madon. Tom Seidenstein says the goal of "trying to get the same amount of trust engendered" on sustainability reporting as on financial reporting should drive outcomes. "Limited assurance is a pragmatic approach" given that there's only a certain amount of capacity at the moment, both among preparers and assurance providers, but "investor demands will play a big role" in the future of this, he says. Tom describes the assurance report as a means to convey information about the maturity of this process and so there should be a degree of comfort - "what does good look like across the maturity curve?" will be an ongoing discussion. https://lnkd.in/djgjGzrH #ICGN2024 #conference #governance #corpgov #stewardship #sustainability #investors #assetmanagers #assetowners #sustainability #sustainabilityreporting #assurance

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EU corporate sustainability reporting rules The European Commission has today published a set of frequently asked questions (FAQs) to support stakeholders in the implementation of the EU corporate sustainability reporting rules. The publication is part of the Commission's continuous effort to make the EU sustainable finance framework more usable for companies and reduce the administrative burden on them. The FAQs take into account input received from companies and cover issues such as the scope of the rules, application dates, and exemptions. For example, they clarify when companies may use estimates rather than having to collect value chain information from suppliers or partners. The Corporate Sustainability Reporting Directive is a cornerstone of the EU's sustainability agenda and the European Green Deal. It has modernised and strengthened the rules about the social and environmental information that companies have to report. The Directive entered into force on 5 January 2023. The first set of companies subject to the new rules must start reporting in 2025, for the financial year 2024. You can find here more information on the EU corporate sustainability reporting framework. https://lnkd.in/dddC6kFe

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You start to understand how to measure carbon emissions but you are lost about the biodiversity crisis? This article written by Laima Barros from IMPACT LABS.earth on the solutions to preserve biodiversity is very interesting. The key points I took away are: 👉 Different metrics exist to reflect on biodiversity impact, from ecosystem level to species level 👉 The engagement of "Indigenous Peoples and Local Communities" is the key to success in protecting biodiversity 👉 Some nature-based solutions players are building, thanks to their experience in high-quality carbon credits, the biodiversity voluntary market 👉 Digital solutions are starting to be developed to help quantify and monitor the evolution of biodiversity Stay tuned if you want to know more about the subject, we are launching a deep dive into the biodiversity of our Digital4Impact Tech Radar Link of the article in the comment 👇

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🌍 Aligning GRI with ESRS Reporting: A Path to Enhanced Sustainability Reporting 🌍 For companies in the EU market, the #CSRD increases the relevance of #GRIreporting. Most large companies, in the EU and elsewhere, already report with GRI, thus making it easier to also report using the #ESRS. Given GRI and EFRAG’s continued collaboration, GRI reporters can be assured they will be best prepared to meet future EU #SustainabilityReporting rules. Here are some steps to align GRI with ESRS reporting: ➡Understand the Frameworks: Familiarize yourself with both GRI Standards and ESRS requirements to identify commonalities and differences. ➡Map the Standards: Create a mapping document to align GRI disclosures with ESRS requirements, highlighting areas of overlap. ➡Integrate Reporting Processes: Streamline your reporting processes to ensure data collected for GRI can be easily adapted for ESRS. ➡Leverage Existing Data: Utilize existing GRI data to fulfill ESRS requirements, reducing duplication of efforts. ➡Engage Stakeholders: Communicate with stakeholders about the alignment process and its benefits for transparency and accountability. Find out more in the post below 👉 Global Reporting Initiative (GRI) FAQs #Sustainability #Reporting #ESRS #GRI #CorporateResponsibility #EURegulations

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Portugal's upcoming Voluntary National Review (VNR) highlights two key legislative initiatives supporting Sustainable Development Goals (SDGs) 7 (Affordable and Clean Energy) and 12 (Responsible Consumption and Production). The National Energy and Climate Plan (NECP) 2021-2030 aims for carbon neutrality by 2050, with interim goals of a 47% renewable energy share and a 45-55% reduction in greenhouse gas emissions by 2030. Key benefits include enhanced energy security and job creation, but risks involve high infrastructure costs and economic challenges. The Circular Economy Action Plan (2020) focuses on reducing waste and promoting resource efficiency, with benefits such as new business opportunities and environmental sustainability. However, it faces challenges related to high investment costs and behavioral shifts needed from businesses and consumers. Together, these initiatives demonstrate Portugal's commitment to the 2030 Agenda. https://lnkd.in/dMeY_wT8

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#gri #csrd More exciting news on #sustainability #reportingstandards #alignment moving ahead! EFRAG forms the reporting #framework for the CSRD Institute, so this improved alignment will enable companies who already report using the GRI standards to understand where the overlaps are and how to improve their #disclosures moving ahead to be aligned with both #esrs and #gri.

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Discover how the EU's Green Claims Directive is affecting Brazil's industries and trade relations. In our "Report on Green Claims," we explore the challenges faced by SMEs, the impact on key sectors like agriculture and energy, and the complexities arising from these new regulations. Learn about the potential economic barriers and the urgent need for global coordination to balance sustainability with inclusion. Read the full report through the link below: https://lnkd.in/dtGaTDrf #greenclaimsdirective #brazil #euregulations #sustainability #globaltrade #smes #environmentalpolicy #climateaction

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#Webinar alert! Glad to be involved with this Position Green virtual session that will cover: - GRI's co-constructor role with #EFRAG on the published EU Sustainability Reporting Standards (#ESRS) & collaboration on upcoming standards for sectors, SMEs in the EU & standards for non-EU companies for which the CSRD will apply - Intro to ESRS / #CSRD requirements - #GRIStandards alignment with the materiality assessment with ESRS' #DoubleMateriality assessment - Interoperability between ESRS Cross-cutting Standards & Environmental, Social & Governance Standards with GRI Universal Standards & Topic Standards - What disclosure on Impact, Risks & Oppurtunites entail & why it’s vital for business - A high-level compliance roadmap to help companies align with ESRS & Q&A to cover more! Link to register: https://lnkd.in/erM9Djf9 #SustainabilityReporting #Sustainability #ImpactReporting #ESG #ESGReporting #EFRAG #Transparency #Accountability

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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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“Just transition is relevant for [companies] to consider in relation to disclosures on transition plans for climate change mitigation.” Yes, well said European Financial Reporting Advisory Group - we agree! Check out EFRAG's newly released draft implementation guidance related to transition plans for climate change mitigation. This guidance, when finalised, will provide support for companies implementing transition plans as mandated by the European Sustainability Reporting Standards (ESRS). Flip to page 15 for the report's section on just transition in the context of transition plans 📖 Link to report: https://lnkd.in/emvahmHp

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🏹 - What if a new ESG reporting for Businesses, from the European Union was created ? #CSRD 🔝 - And ... What if... an FAQ document was issued based on Business most pressing queries ? 🌐 - What if said document was already available on our chat #GPT chatbot here : https://lnkd.in/e9NwZjFy - Why don't you try it and let us know what do you think of it ?? 🥤 #ESG #ESGAI #EU #Tech #Data #Analysis #Reporting #QHSE ⚡

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