Will Jones

As we get into the business end of the reporing cycle, looking forward to speaking at the Corporate Disclosures Conference next week to discuss practical tips for corporates!

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Great to hear that our suppliers were keen to engage on Nature. Also good to see in 2024 the first Insurers and Asset Managers are starting to gear up their thinking and disclosures on Nature as another existential topic alongside Climate. 🌿 PwC UK welcomed over 100 of its suppliers together at the recent 2024 Supplier Sustainability Forum to discuss the critical role of business in tackling the accelerating nature crisis. Creating meaningful supplier engagement is core to delivering upon corporate sustainability commitments, and a vital part of the journey to achieving a net zero and sustainable future. Alongside PwC sustainability experts, guest speakers from Salesforce and WSH delved into the organisational risks faced from nature loss, how you can assess your relationship with nature, and tangible actions that organisations can take across their operations and supply chains. Find out more: https://lnkd.in/e3HVgjgG

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KPMG's latest edition of ESG Regulatory Essentials is out for May, providing key updates on the latest ESG regulatory developments impacting financial services firms in the UK and the EU. In this issue: • Reporting and disclosures • Greenwashing • Climate and environment-related financial risk • Markets • Wealth and asset management • Diversity and inclusion #esg #financialservices #ESGregulatoryessentials

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Now - a week on from London climate action week, we need to ensure that sustainability is elevated and part of all board conversations. Read PwC UK's article to explore actions sustainability leaders can take to elevate the importance of sustainability at board level: https://pwc.to/3RIzMCU #Sustainability #SustainabilityReporting #LCAW2024

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🎙️Podcast Cut Series: The Complexity of the Current Sustainability Regulatory Landscape Alan McGill is PwC UK's Sustainability Reporting, Measurements, and Assurance Leader. You can listen to the full podcast here: https://lnkd.in/d2tzyEJa

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Exciting #sustainability update: the #ISSB has launched an ambitious two-year work plan to usher in the next phase of reporting. By partnering with key bodies like the #GHGProtocol and #CDP, the ISSB aims to streamline standards and enhance corporate net zero transition plan disclosures in a consistent and harmonized way.    Sustainability leaders must prepare our own organizations and our clients for mandatory ISSB reporting. Let’s embrace this change for a more efficient and effective disclosure system.   https://lnkd.in/gUsTbFmK

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#ESGinThree: How do GHG emissions communicate progress? GHG emissions data measurement, reporting & disclosure tied to climate goal setting & performance remains a hot topic, especially w/ the recent Science Based Targets initiative (#SBTi) announcement (https://lnkd.in/e6UKKgcz) where SBTi emphasized that environmental attribute certificates (EACs) could be an add’l tool to tackle Scope 3 emissions when backed by scientific evidence. A quick clarification reinforced no changes to the current standard, and that any future changes will follow the approved SBTi due process. These developments continue to highlight the energy accelerating around climate and biodiversity action, with MSCI’s recent research (https://lnkd.in/e8r9Tt3t) emphasizing “Carbon credits also increasingly could provide a mechanism for unlocking private investment needed to fund the green transition…and protect nature and support broader biodiversity goals.” This research revealed that 20% of global public orgs have set science based-targets, w/ 60% reporting Scope 1 & 2 GHG emissions & >40% reporting on some Scope 3; compared to 45% of U.S. public orgs reporting Scope 1 & 2, & only 29% reporting Scope 3. At this intersection of ambition & rigorously supportable performance, a few thoughts: 1. 𝗜𝘁’𝘀 𝗮𝗹𝗹 𝗮𝗯𝗼𝘂𝘁 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 & 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆: Climate commitments, goals & targets require strategic focus, transparent data governance, scientific & technical rigor & innovation balanced with tradeoffs to drive trust. Regulation is set to improve access to info to enable investors & others to evaluate & scrutinize climate commitments against performance.  2. 𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝘁𝗼 𝗱𝗿𝗶𝘃𝗲 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 & 𝗻𝗮𝘁𝘂𝗿𝗲 𝗼𝗯𝗷𝗲𝗰𝘁𝗶𝘃𝗲𝘀: Innovation is at the heart of sus. finance, & carbon markets w/ a high degree of integrity have tremendous potential to strengthen trust in market mechanisms – including carbon credits – those that exhibit quality, credibility & permanence. 3. 𝗖𝗮𝗹𝗹 𝘁𝗼 𝗮𝗰𝘁𝗶𝗼𝗻: Collaboration among key carbon management & market initiatives (SBTi, #VCMI, #ICVCM, #GHGP) is critical to strengthen trust & transparency to accelerate climate & biodiversity action. Global reg requirements are looking to equip investors & stakeholders with more info around climate targets/goals & help narrow the performance/disclosure gap. At the same time, acceleration in corp climate goal setting can increase the need to enhance the integrity & transparency of voluntary carbon markets in a way that may allow for high-integrity carbon credits to serve as potential avenues to help orgs meet interim climate targets & offset residual emissions. 𝗧𝗵𝗲 𝘁𝗶𝗺𝗲 𝗳𝗼𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝘁𝗼 𝗮𝗰𝘁 𝗶𝘀 𝗻𝗼𝘄; to deepen strategic focus and assess risks & opps – & transition planning to address these – to provide insights into how market mechanisms, including carbon credits, can be used. #deloitteesgnow

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ESRS-ISSB Standards interoperability guidance has been released today! ESRS preparers are able to report on climate, also in compliance with ISSB Standards, only with a very limited number of points to consider, clearly identified in Section 3 of this document. ESRS preparers are able to utilize ESRS to comply with ISSB Standards to report on matters beyond climate. Time to celebrate for the high level of alignment! #EFRAG #ESRS #ISSB #interoperability Patrick de Cambourg Sven Gentner  Sue Lloyd Tom Dodd  Sam Prestidge  Richard Barker  Kerstin Lopatta  Christoph Töpfer  Pedro Santiago Faria  Erik Van Der Plaats  Eric Duvaud Catherine DeKeizer Sylvie Leger Laura Girella Caroline Clark-Maxwell Roberta Ravelli Dania Merla Abigail Levrau

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2025: A pivotal year for sustainability reporting ♻️ It’s not too early to start preparing for the Corporate Sustainability Reporting Directive (CSRD). Michelle Olckers, Partner, ESG Assurance at Forvis Mazars, highlights why, how and where to begin. Determine if your organisation falls within the scope and begin planning for the new reporting requirements with the help of Forvis Mazars' latest article ➡️ https://lnkd.in/e_3dFdKM #Sustainability #CSRD #ESG #CorporateReporting

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The sustainability reporting landscape is rapidly evolving, with double materiality, nature reporting and the Transition Plan Taskforce’s (TPT) disclosure framework being some of the key trends highlighted in PwC UK's new report on Excellence in Sustainability Reporting. Read the report to learn more. #SustainabilityReporting #ESGReporting #CSRD #TNFD

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Establishing boundaries is essential for accurate GHG emissions reporting. 🎧 Tune in to PwC UK’s podcast to learn how this vital step can affect your reporting results. #GHG #SustainabilityReporting #Viewpoint

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If you’ve been following #COP16 and want to know more about your organisation’s relationship with nature, take a look at @PwC UK’s nature analytics collaboration with Natcap. Whether you are developing your #NatureStrategy, or reporting under #CSRD or #TNFD, location-specific insights are essential to ensure your actions and targets are relevant and grounded in data. Read more: https://bit.ly/3YlmJtH #NaturePositive #NatureAnalytics

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When it comes to #NetZero, knowing where to prioritise your efforts can be challenging. PwC UK worked with Grainger PLC, the UK's largest listed residential landlord, to help them to quantify the impact of business decisions on their transition to net zero. Learn more about how we helped Grainger understand what actions to prioritise to deliver on their climate ambitions. #Sustainability #RealEstate

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#EarthDay serves as a reminder of the importance of sustainability and coming together to take action for a healthier planet 🌍. The world is at an inflection point, making this a once in a generation chance to accelerate change.   KPMG’s Impact Plan outlines our ESG commitments and how we are working towards creating a positive impact on the environment and society. Join us in this journey towards a greener, more sustainable world. 🌱    Read our Impact Plan here: Our Impact - KPMG UK #kpmg #esg #sustainability #earthday

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