Nicholas James

As companies apply the sustainability standards, the reporting suite typically needs to be reconsidered. To ensure that material information is clearly positioned, the Integrated Reporting Committee of South Africa's recent paper suggests two pathways: the umbrella approach and the single report approach. In both cases, sustainability information needs to be layered.

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With new explicit 😶 anti-greenwash guidance for Auditors in place, there's even more urgency for marketing and sustainability teams to get their #ClimateCommunications exactly right. If public organisations, such as councils or state-owned businesses, describe themselves as currently 'carbon positive', 'climate positive', 'net zero' or 'carbon neutral' in annual plans and sustainability reports, their Auditors will now not accept them without approval from the Auditor-General. The Office of the Auditor-General, New Zealand's new guidance also says Carbon reduction targets can expressed in a range of ways, eg: 🌏carbon neutral by 2050; 🌏 30% reduction in gross emissions by 2030; or 🌏30% reduction in scope 1 and 2 emissions by 2035. but they expect CLEAR disclosures that let a USER understand what the target means. Including: 🍃 which emissions are included and excluded (at a high level); 🍃 being clear whether the target is for gross emissions reductions or a target that can be met through the purchase of offsets; 🍃 where a target is described as a science-based target, then there must be clear explanation of what this means and how it has been determined (at a high level); 🍃 if the target involves third party certification, an explanation at a high level of the nature and scope of the certification; 🍃 saying if the entity has a plan for achieving the carbon reduction target or is working on a plan 🍃 explaining any technical terminology so it is understandable to a non-expert but informed reader. At GoodSense we welcome this extra scrutiny auditors will be bringing. It reinforces good practice in #sustainabilitymarketing and #communications based on: ✅ Transparency ✅ Clarity ✅ Specifics ✅ Plain Language ✅ Audience fit A tip for hiring or procurement - we find these disciplines are more prevalent in #sciencecommunication than #PR or #advertising. These anti #greenwash guidelines build on the Commerce Commission and Advertising Standards Authority (NZ) work. It's vital organisations communicate action and ambition - #greenhush ain't an option with the #climateEmergency, public and lenders' demands for action, and #reportingRequirements We encourage #sustainabilityprofessionals #auditors and #marketing teams in organisations to work together to get their wording right. If you're pulling your team together to agree this, an experienced external facilitator or advisor can be helpful 😉 #PlainLanguage #Sustainability #MarketingSustainability #ScienceCommunications #Facilitation Science Communicators' Association of New Zealand SCANZ Sustainable Business Network Sustainable Business Council NZ The image is by our founder and MD Katherine ( Kath ) Dewar and shows a flood eroded section of the Ōhinemahuta River (formerly mis-spelled as Onamalutu) in drought conditions February 2024.

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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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Another stepping stone in the evolution of sustainability reporting and its assurance. The new standard has been awaited and expected to define and homogenise the way we audit the sustainability reports. CSRD mandatory assurance of sustainability reports will definitely build on the new standard!

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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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Our guide for Group 2 entities outlines the disclosure requirements, location of disclosures and what a timeline could look like for entities required to commence climate reporting from 1 July 2026. https://bit.ly/48UMd5Q We also outline next steps to start planning in advance for Group 3 entities that are required to commence climate reporting for financial years beginning on or after 1 July 2027. Download our guide for Group 3 entities here: https://bit.ly/3ZaQrTF Michelle Warren #ClimateReportingGuide #ClimateReportingTimeline #MandatoryClimaterelatedDisclosures #ESGSustainability #SustainabilityReporting #FinancialReporting #HLBMannJudd

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❓ How can businesses use enhanced risk assessments to create climate, nature & equity solutions that promote #sustainability and boost performance across operations & value chains?  📈 Our latest report on how to assess interconnected risks in food and retail, developed using KPMG’s Dynamic Risk Assessment methodology, provides insights for companies in any sector into the complexity and connectivity of risks and key areas of intervention & #RiskManagement to deliver long-term performance. 💡 We collected key learnings & themes from the enhanced risk assessment that may inform sustainable business strategies in all sectors and for different risk types: https://lnkd.in/e4MAsrDw 🌿Let's leverage enhanced risk assessments to navigate complexity, mitigate risks & drive sustainable change.  

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In May 2024, the IFRS Foundation’s International Sustainability Standards Board (ISSB) announced the publication of the IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy), a new digital tool aimed at enabling investors to analyse sustainability-related financial disclosures based on the ISSB’s recently released sustainability and climate-related reporting standards. According to an IFRS, the new Taxonomy “will enable investors to search, extract and compare sustainability-related financial disclosures as ISSB establishes its global baseline of Standards." #ESG #sustainability #corporatereporting

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Fantastic news! The Global Reporting Initiative (GRI) and IFRS Foundation have announced their collaboration to deliver full interoperability, enabling seamless sustainability reporting! In response to market demand, the two organisations will: ✅ Work together to optimise how GRI and the International Sustainability Standards Board (ISSB) can be used together. ✅ Facilitate reporting on an organisation's impacts, risks and opportunities. ✅ Jointly identify and align common disclosures for both thematic and sector-based standard setting. This collaboration seeks to provide a seamless, global and comprehensive sustainability reporting system for companies looking to meet the information needs of both investors and a broader range of stakeholders. Find out more here: https://lnkd.in/esV8RMVr Eelco van der Enden, Carol Adams, Erkki Liikanen, Emmanuel Faber #esg #sustainability #esgreporting #sustainabilityreporting #collaboration

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Transition Plan Taskforce disbands, passes to IFRS The UK-led Transition Plan Taskforce (TPT), which produced the influential TPT recommendations for companies to use to develop climate transition plans, has issued its final report and disbanded. The IFRS Foundation, parent body of the International Sustainability Standards Board (ISSB), has taken over responsibility of the TPT recommendations. It’s expected that the IFRS will officially endorse the TPT’s materials for use in the creation of IFRS-aligned transition plans, meaning that using this framework to develop your own transition plan is a safe move. By the numbers: According to CDP, 5,900 companies reported having a transition plan in 2023, a sharp rise from 4,100 in 2022—a 44% increase. Very few, however, have been published, and fewer still are so far TPT-aligned. "UK businesses, take note: The UK government is expected to require transition plans for both listed and large private companies, with an announcement likely in Q1 2025," says Sillion CEO Tom Rayner. “They involve a lot of work, so get moving.” We’re here to help. Get in touch at [email protected] 🔗 Read the TPT’s final report here: https://lnkd.in/dTw42XRJ #TPT #TransitionPlans #IFRS #Sustainability

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Have you come across the IFRS Foundation's latest guide on sustainability reporting already? It is designed to assist companies in identifying and disclosing sustainability risks and opportunities effectively 💡 This week, the IFRS Foundation’s International Sustainability Standards Board (ISSB) released a comprehensive guide to support companies in identifying and reporting material information about sustainability-related risks and opportunities that could have an impact on their short- or long-term cash flows, access to finance or cost of capital, and to assess materiality. The guide highlights: ➡️ the understanding and concept of sustainability-related risks and opportunities in IFRS S1 ➡️ how companies can benefit from processes already implemented to prepare financial statements for their materiality assessment ➡️ hints to promote the link between sustainability-related financial disclosures and a company's financial statements ➡️ hints for companies applying the ISSB standards alongside the ESRS or the GRI standards Explore the entire document below 👇 #issb #ifrs #sustainability #reporting #esg

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We know that for some organisations it is sometimes difficult for those in sustainability roles to gain key information from their colleagues. This could be because the organisation is very large, or there are competing priorities or any number of other reasons. We’ve developed an approach and it seems successful, so we’d like to share it with you: https://lnkd.in/edV7QhWV

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This KPMG report aims to set out the current challenges around business engagement in the Global Biodiversity Framework (GBF), synthesize existing guidance on this topic and provide an indication of the type of actions that businesses can take to support attainment of the 23 GBF targets. https://social.kpmg/85hwzm

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𝐓𝐡𝐞 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐑𝐨𝐚𝐝𝐦𝐚𝐩 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐫𝐞𝐥𝐞𝐚𝐬𝐞𝐝 𝐭𝐨𝐝𝐚𝐲. Key priorities include: -      implementing mandatory climate reporting, -      developing the Australian Sustainable Finance Taxonomy, -      supporting credible net zero transition plan, -      Addressing sustainability data challenges -      Reducing harms from greenwashing with enhanced supervision from ASIC   Also interesting to note: Australia issued its first green bond on 4 June 2024 ($7 billion bond line with maturity date in June 2034).   𝐇𝐚𝐯𝐞 𝐚 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐥𝐚𝐬𝐭 𝐩𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐑𝐨𝐚𝐝𝐦𝐚𝐩 𝐟𝐨𝐫 𝐚 𝐭𝐢𝐦𝐞𝐥𝐢𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬: https://lnkd.in/gb-ssJTD

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WayCarbon Global, a member of the Sustainability Alliance IFRS, took part in discussions in New York on trends and knowledge about the implementation of S1 and S2 in pioneering companies, which are transforming sustainability accounting and global corporate governance. With practical examples from companies such as IBM, Pfizer and Cemex, Henrique Pereira, COO of WayCarbon, highlighted the need for an accounting discipline for sustainability data, that S1 and S2 reinforce non-financial governance and control and a long-term vision for the supply chain. Read more: Translated with DeepL.com (free version)

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At Envyn Sustainability Solutions, we specialize in helping businesses enhance their ESG strategies and improve how they report on sustainability. In a time when transparency and accountability are key, clear communication of your ESG initiatives is essential for building trust and securing investor confidence. Let us help you lead the way in sustainability and ESG. #ESG #Sustainability #ClimateStrategy #EnvynSustainability #KPMG #sustainabilitystrategy #environmental #smallbusiness

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