Daniel CF Ng 伍长辉’s Post

Dr Andrew Coburn, CEO and Founder of sustainability analytics firm Risilience, explains how to prepare for a future in which #biodiversity is as regulated as #greenhousegases. Global business is no stranger to reporting on climate. A raft of climate-and-nature-related regulation has positioned #netzero targets and transition plans at the forefront of business agendas. Add the escalating price of carbon, a heightened risk of climate litigation and changing consumer-demand to the business mix, and the value of credible transition planning for the #lowcarbon and nature-positive economy is evident. Net-zero target setting and transition plans are to be welcomed but organisations must ensure that ambition aligns with action. Late last year, when Net Zero Tracker announced that half of the world’s largest companies were committed to net zero, the news came with a caution that “the integrity of company emission reduction targets should urgently improve if they are to be met on time”. Reporting on climate has long been a soft space for positive messaging but the optimism conveyed in publicly-facing #sustainability statements often betrays the complexity of the issues at hand. This is significant because time is of the essence. We are approaching multiple climate-and-nature-related tipping points, which could have catastrophic consequences for people and planet. Reporting on nature   Regulatory focus on nature is increasing. The Task Force for Nature-related Financial Disclosures (#TNFD) provides a set of voluntary recommendations and guidance for organisations to report and act on evolving nature-related dependencies, impacts, risks and opportunities. The TNFD is at the frontier of nature reporting but the mandated #EU Corporate Sustainability Reporting Directive (#CSRD) is beginning to significantly shape corporate thinking around nature. The need for restoring and protecting biodiversity and nature, globally, is now framed by the adoption of the Kunming-Montreal Global Biodiversity Framework (#GBF), signed in December 2022 at the Convention on Biological Diversity’s (#CBD) 15th Conference of the Parties (#COP). The GBF agreement is aimed at halting and reversing the loss of the planet’s biodiversity by 2030. The framework includes targets for the conservation and sustainable use of biodiversity, recognising its intrinsic value and its vital role in supporting human well-being and economic stability. The framework will be reviewed in 2024, with an emphasis on considering progression towards national goals and encouraging participating parties to go further.

🌍 Save the date: 19 September 🌱  Prove sustainability progress: How to avoid greenwashing concerns with forest impact data In today’s world, corporate sustainability claims are under intense scrutiny. A study by the European Commission in 2021 found that 53% of green claims made vague, misleading, or unfounded claims, and 40% had no supporting evidence.  How can business leaders demonstrate genuine progress on climate and biodiversity commitments while avoiding the pitfalls of greenwashing? Join us on 19 September for an insightful webinar where we’ll explore how forest-based solutions can help you achieve your sustainability goals. Register: https://lnkd.in/eskthJJz  #Sustainability #Greenwashing #ClimateAction #Biodiversity #FSC #ForestImpactData #EcosystemServices #Sustainability

It's great to see the importance of nature being recognised, which is increasingly reflected both in the nature reporting landscape and how organisations are embedding nature into their sustainability strategies. For ideas on the steps that businesses can take read @PwC's recent article. https://pwc.to/3NxpFOD #COP16 #NaturePositive #TNFD

Is the new era of #ESG and #sustainability #compliance choking #innovation? In an age in which companies are being asked to ramp up efforts to address the climate crisis, the biodiversity crisis, the water crisis and others, their sustainability departments are spending more and more time and resources focusing on meeting governments’ disclosure standards. Is that a good thing? There's two sides to that answer. My latest column for Trellis Group explains. https://lnkd.in/g8rf3JEG

The sustainability landscape is evolving rapidly, with 1,255 ESG regulations introduced globally since 2011—a staggering 647% increase from the previous decade. As companies navigate this regulatory surge, the challenge becomes balancing compliance with true impact. Are we witnessing a return to a compliance-focused approach reminiscent of the 70s and 80s, or is this increased regulation a crucial step towards accountability? While some argue that these laws may constrain bold ambitions, others see them as essential guardrails that set a minimum standard for sustainability efforts. What’s clear is that today’s sustainability professionals must adapt by enhancing data quality, collaborating across functions, and integrating sustainability from the start. The new regulatory era demands a strategic balance between meeting minimum requirements and driving transformative change. How are you preparing for this shifting landscape? Let’s discuss. 🌍✨ #Sustainability #ESG #Regulation #CorporateResponsibility

𝗜𝘀 𝘁𝗵𝗲 𝗻𝗲𝘄 𝗲𝗿𝗮 𝗼𝗳 𝗘𝗦𝗚 𝗹𝗶𝗺𝗶𝘁𝗶𝗻𝗴 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗽𝗿𝗼𝗴𝗿𝗲𝘀𝘀? Check out Joel Makower's column in the Trellis group on being more audacious on compliance.

As those that know me can attest, I'm really into nature and currently rewilding a patch of Oxfordshire to increase the biodiversity. But I had no idea that nature played such a large role in the global economy! Did you know that 55% of global GDP is materially dependent on nature? That's according to PwC research. When I'm speaking to clients about sustainability, one key bit of advice I'm giving is to consider the impact of nature on their business strategies, unpicking the impact of data centres and AI on nature is going to be critical over the coming months. Read PwC's recent article for steps that businesses can take with insights from PwC UK's Will Evison, Climate and Nature Strategy Director.  #COP16 #NaturePositive #TNFD

In the contemporary corporate landscape, the imperatives of environmental, social, and governance (ESG) compliance have become unavoidable. Companies are increasingly under scrutiny from regulators, investors, and the public to adhere to stringent ESG standards. However, this era of heightened regulatory demands need not stifle innovation or boldness. In fact, it presents a unique opportunity for businesses to redefine their strategic approaches and embrace audacity in their ESG endeavors. Fantastic read by Joel Makower!

🤓 Remember this post when your colleagues contact you about the following KPIs or you hear them on the floor :) In corporations, a lot is already revolving around this mandatory regulatory #ESG reporting and #SMEs will have to report on their impact next! ESRS Environmental Topics 🌎 The European Sustainability Reporting Standards (ESRS) provide a structured framework for companies to report on environmental sustainability. These standards, specifically ESRS E1 through E5, cover critical environmental aspects that businesses must consider.Here's a closer look at each: Climate Change (ESRS E1) 🌡️: This standard focuses on how businesses are contributing to limiting the global temperature increase to 1.5°C above pre-industrial levels. It includes both mitigation strategies and adaptation measures to manage expected climate-related challenges. Pollution (ESRS E2) 🏭: It requires companies to report on their impact on air, water, and soil quality. The standard emphasizes the importance of strategies to prevent, control, and reduce environmental pollution. Water and Marine Resources (ESRS E3) 💧: This area deals with a company’s water use, including the total water withdrawals and discharges, and their impact on marine resources through the extraction and use of these resources in relation to their business activities. Biodiversity and Ecosystems (ESRS E4) 🐾: Companies must describe their interactions with terrestrial, freshwater, and marine habitats. This includes how their operations affect biodiversity and the relationship with indigenous peoples and other communities that are directly impacted by their activities. Resource Use and Circular Economy (ESRS E5) 🔄: This standard addresses the input and output of resources, focusing on enhancing the circularity of materials and overall resource efficiency. Companies are expected to outline their waste management practices and targets for improving their circular economy performance.Adopting these standards not only helps companies align with regulatory requirements but also boosts their strategic positioning by enhancing transparency and accountability in sustainability practices. #sustainability #sustainable #business #esg #climatechange #climateaction #reporting #ESRS #transparency #CSRD #speaker #europeanunion #greendeal #clockisticking #fines #transparency

We hear and sense this tension—between compliance and innovation—a lot. It's been a dilemma since, like forever. And ultimately a welcome and necessary one, imho. And a challenging one. As Joel Makower puts it, "while creating a floor — a minimum standard — regulations may unwittingly also create a ceiling — a stopping point for further action once a standard is met." We need the floors—and the interoperability and comparability they can provide. But we don't need ceilings. To the contrary. Natural Logic prefers to advise clients to set bold(er!") goals—not "X by Y" but "at least X, by Y or sooner. Another challenge is that people often assume that innovation and standardization are antithetical, but the fact is that many companies, from Bell Labs onward, have learned how to systematize innovation. The barrier isn't the systems; it's the expectations that the systematization is intended to serve. One final note: the cross-functional integration you highlight is key. We've long encouraged the CSO/CFO alliance. It's great to see that happening more and more. #ESG #sustainability #compliance #innovation #standards #reporting #CSO #CFO