Marc Jeschonneck’s Post

Deloitte’s fresh 2024 #CxOSustainabilityReport shows that there is no doubt about the continued commitment of companies to the climate fight. `Investments in sustainability initiatives are on the rise, and sustainability is moving into the heart of business agenda in many Nordic companies in recent years´, says Anu Servo, Sustainability Services Leader at Deloitte Finland. Highlights from the Nordic report: ✅ 85 percent of top executives in the Nordic countries expect that climate change will have a high or very high impact on their companies' strategy and operations within the next three years. ✅ 92 percent of the Nordic top executives surveyed state that they are concerned about climate change all or most of the time. ✅ Despite the great concern, there is also a sign of optimism. At the same time, 98 percent of the Nordic leaders report a high degree of optimism about the potential benefits of climate action. ➡️ Read more and download the report: https://deloi.tt/4eAnKo5 #DeloitteFinland #climatechange #sustainability

How is technology adding to the sustainability agenda? 🌱 Derarca Dennis, Partner, Climate Change and Sustainability Services, EY Ireland shares her insights on how technology is critical for sustainability and businesses of the future. Find out more in our EY Ireland CFO Survey 2024 – https://lnkd.in/eNhanuSw #CFOSurvey

How do EU regulations affect the decarbonisation of value chains in different sectors? What measures are taken by the companies to respond to these regulatory changes? These will be some of the questions that will be addressed during the webinar "The impact of EU regulation on value chain decarbonization”, organised by Deloitte Climate & Sustainability in collaboration with the #EMEASustainabilityRegulationHub, that will be held on March 11th at 15:00 CET. At the event, Ramon Bravo will present the Sustainability Regulation Outlook 2024, with a focus on decarbonisation. Then, Simon Brennan will moderate a roundtable with the following contributors: - Stefanie Kneer, Head of ESG & Sustainability at Three Hills - Eleonora Giada Pessina, Group Sustainability Officer at Pirelli - Barbara Terenghi, Executive Vice President of Sustainability at Edison Register here: https://lnkd.in/ewunZRWe #DeloitteItalia #DeloitteClimateAndSustainability #EUregulations#decarbonization

🌍 Last week, during #ClimateWeekNYC and the 79th United Nations General Assembly, we were thrilled to co-host the WBCSD Council Dinner with Deloitte. The dinner marked the start of the WBCSD Council Meeting, providing an invaluable space to unite with our members and engage in critical discussions to accelerate the climate agenda. Anna Marks, Deloitte Global Chair, reflected on the week’s key message: ➡️ The entire ecosystem must collaborate to drive meaningful action. In a time of increasing complexity across the global landscape, there is a growing acknowledgment of the urgent need to focus on sustainability to build a more equitable and resilient future for everyone. 🌿 The recognition of this importance is further amplified in Deloitte’s recently launched Global CxO Survey on sustainability. Over 2,100 executives across 27 countries shared their insights, revealing that climate change remains a top-three concern for the third consecutive year. Encouragingly, 85% report increased sustainability investments (up from 75% last year), and nearly half are transforming their business models to place sustainability at the core of their strategy, recognizing the value it brings. 🤝 Anna highlighted that driving a comprehensive sustainability agenda requires us to move beyond viewing it as a side project or compliance matter - it must be a core business imperative. In a world that feels increasingly fragmented, transparency and trust are vital for the stability and resilience of societies and economies globally. The challenges we face demand more collaboration than ever - now is the time to come together and make the progress we all know is essential.

Almost half of the boards of the leading companies globally are 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝘁𝗵𝗲 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗺𝗼𝗱𝗲𝗹 of their companies to address #climatechange, and #sustainability is 𝗰𝗲𝗻𝘁𝗿𝗮𝗹 𝘁𝗼 𝘁𝗵𝗲𝗶𝗿 𝗼𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻’𝘀 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆. And only 7% of the surveyed 2100+ board members from almost 30 countries consider climate change / sustainability as only a compliance / regulatory exercise. This is one of the numerous exciting findings of the recent Deloitte's 𝟮𝟬𝟮𝟰 𝗖𝘅𝗢 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗥𝗲𝗽𝗼𝗿𝘁: 𝙎𝙞𝙜𝙣𝙨 𝙤𝙛 𝙖 𝙨𝙝𝙞𝙛𝙩 𝙞𝙣 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙘𝙡𝙞𝙢𝙖𝙩𝙚 𝙖𝙘𝙩𝙞𝙤𝙣. See below for more. Some of the Deloitte's key points include: •  "𝘞𝘦 𝘴𝘦𝘦 𝘦𝘢𝘳𝘭𝘺 𝘣𝘶𝘵 𝘤𝘳𝘪𝘵𝘪𝘤𝘢𝘭 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘰𝘳𝘴 𝘵𝘩𝘢𝘵 𝘦𝘹𝘦𝘤𝘶𝘵𝘪𝘷𝘦𝘴 𝘢𝘳𝘦 𝘳𝘦𝘢𝘭𝘪𝘻𝘪𝘯𝘨 𝘵𝘩𝘦 𝙥𝙧𝙤𝙛𝙤𝙪𝙣𝙙 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙤𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙮 𝘪𝘯 𝘵𝘩𝘦 𝘵𝘳𝘢𝘯𝘴𝘪𝘵𝘪𝘰𝘯 𝘵𝘰 𝘢 𝘭𝘰𝘸 𝘦𝘮𝘪𝘴𝘴𝘪𝘰𝘯𝘴 𝘧𝘶𝘵𝘶𝘳𝘦. " • "𝘔𝘢𝘯𝘺 𝘤𝘰𝘮𝘱𝘢𝘯𝘪𝘦𝘴 𝘴𝘦𝘦 𝘥𝘪𝘳𝘦𝘤𝘵 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙖𝙣𝙙 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙗𝙚𝙣𝙚𝙛𝙞𝙩𝙨 𝘧𝘳𝘰𝘮 𝘵𝘩𝘦𝘪𝘳 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘢𝘤𝘵𝘪𝘰𝘯𝘴" • "𝘞𝘦 𝘮𝘢𝘺 𝘣𝘦 𝘦𝘯𝘵𝘦𝘳𝘪𝘯𝘨 𝙖 𝙣𝙚𝙬 𝙥𝙝𝙖𝙨𝙚 𝙞𝙣 𝙘𝙤𝙧𝙥𝙤𝙧𝙖𝙩𝙚 𝙘𝙡𝙞𝙢𝙖𝙩𝙚 𝙖𝙘𝙩𝙞𝙤𝙣"    Some of my personal highlights include (more attached): • Climate change is top 3 (close to nr 1) 𝗺𝗼𝘀𝘁 𝗽𝗿𝗲𝘀𝘀𝗶𝗻𝗴 𝗶𝘀𝘀𝘂𝗲 𝘁𝗼 𝗳𝗼𝗰𝘂𝘀 𝗼𝗻 𝗳𝗼𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗯𝗼𝗮𝗿𝗱𝘀 𝗼𝘃𝗲𝗿 𝗻𝗲𝘅𝘁 𝘆𝗲𝗮𝗿 • 𝗖𝗵𝗮𝗻𝗴𝗶𝗻𝗴 𝗰𝗼𝗻𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻 𝗽𝗮𝘁𝘁𝗲𝗿𝗻𝘀 or preferences are the nr1 climate issue already impacting companies and made it to top even before regulations! • Monitoring/managing 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗵𝗮𝗶𝗻 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁𝗮𝗹 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 is the nr 1 area where companies are leveraging / looking for support from new Technology solutions And which are your highlights? Thank you Jennifer Steinmann and the Deloitte team for this extensive, thorough and insightful work and making this available to global community. Well done!

EY CFO summit 2024, another interesting few days of discussion around the diverse and broad ranging role of Financial leaders locally and globally. The title chief value officer might be more apt in the future as the sustainability agenda begins to fuse with financial reporting. Thanks to all the BD & Market team that supported in the background, this would not be possible without you! #cfosummit #ey

🌿 Exciting News from #COP16Colombia! 📢 Very proud that today, in the Nature Positive Pavilion, Romie Goedicke den Hertog and Florence Arke presented our report “Nature in the Boardroom - Guidance for boards of financial institutions in asking the right questions”, a collaboration between Deloitte and United Nations Environment Programme Finance Initiative (UNEP FI). Recent research by S&P Global Sustainable (2023) finds that 85% of the world’s largest companies have a significant dependency on nature across their direct operations. But according to the World Benchmarking Alliance (2024), only 2% of companies have boards that can demonstrate they have the relevant expertise on topics like biodiversity or climate. Therefore, we have collaborated with UNEP FI to guide boards of financial institutions on how to integrate nature-related considerations into their strategies and decision-making processes. 🔍 The Nature in the Boardroom guidance includes nature-related emerging themes and developments, relevant to financial institutions, such as: ·       Regulatory trends ·       Legal and fiduciary duties ·       Financial risks ·       Social and client expectations The report concludes with a blueprint that guides boards of financial institutions in embedding nature-related dependencies, impacts, risks, and opportunities (DIRO’s) into their governance by providing key questions to ask. 👉 Read the full report: deloi.tt/3BOE0ng Many thanks to all the contributors! #Sustainability #COP16 #Deloitte #UNEPFI #NatureintheBoardroom #Biodiversity #FinanceforBiodiversity #NaturePositive

Woke up to exciting news! International Sustainability Standards Board (ISSB) will take over the disclosure-specific materials developed by the Transition Plan Taskforce (TPT). Their disclosure framework and guidance, which build on the Glasgow Financial Alliance for Net Zero (GFANZ) components, promise greater harmonization and faster adoption of transition plans. This move should also boost the number of companies disclosing key transition plan metrics and taking real action. Last week, as CDP, we published our report on the state of transition plans based on 2023 disclosures, along with CDP's Climate Transition Plan Journey. We found that over 1 in 4 companies (5906) disclosed having a 1.5°C-aligned climate transition plan. However, only 2% of companies with a transition plan are disclosing all 21 indicators needed to judge credibility. #Disclosure is more than just a communication or measurement tool; it can enable action. Starting to disclose #climatetransition plan metrics helps in building and implementing effective plans. It helps identify opportunities/differentiators and challenges/bottlenecks, creating a chance to address them. I'm excited to see how this new announcement will influence the development and disclosure of plans, address challenges, and ultimately drive meaningful action. Big shout out to my brilliant colleagues for putting the report together! (Amir Sokolowski, Scott Twigg, Edan McHugh, Ariella Shamir, Ben Simpson, Flávia Bedicks, Maxim Sinclair and Maddy Bravery). CDP's report: https://lnkd.in/e34MEk_s IFRS announcement: https://lnkd.in/ezDqJPTN

Uplifting the sentiment: #Disclosure is more than just a communication or measurement tool; it can enable action. Impactful action today, requires a #transistionplan and the alignment of frameworks and materials will elevate focus and learnings in this critical time to advance positive impact.

🌍 Embracing the EU Green Deal: A Path to Business Reinvention 🌱 The EU Green Deal is not just a policy; it's a transformative agenda that is reshaping the business landscape in Europe. With over 175 directives and regulations, it aims to accelerate the transition to a carbon-neutral, resource-efficient, and socially inclusive economy. For businesses, this means new growth opportunities and obligations. Leaders must master new rules and rethink their business models to create value amidst these changes. The Green Deal's regulations can be categorized into three main types: - Environmental Regulations: Focused on reducing carbon emissions and promoting sustainable practices. - Economic Regulations: Aimed at fostering green investments and ensuring financial stability during the transition. - Social Regulations: Designed to ensure social inclusivity and protect vulnerable communities during the green transition. These sustainability regulations extends beyond Europe, affecting companies worldwide that operate or sell products in the EU. A coordinated, transcontinental approach can help businesses gain advantages and mitigate regulatory risks. Reinventing business models for a sustainable European economy can preserve value, improve margins, and boost growth. PwC research shows that companies taking actions on climate-related opportunities and risks also see better financial performance. So, let's seize this opportunity to make smarter decisions about strategy, capital spending, and innovation. Together, we can make our climate actions count. #COP29 #ClimateChange #GreenDeal #BusinessReinvention #ClimateAction #PwCNederland 🔗 Discover more Green Deal & business reinvention | https://pwc.to/4ftBGRC 🔗 Check out PwC at COP29: https://pwc.to/3UOXqiJ