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Another welcome development for SMEs operating in the sustainability space: the SEC, Bangko Sentral ng Pilipinas, the Insurance Commission, and the Philippine Deposit Insurance Corp. has released this month the Philippine Sustainable Finance Taxonomy Guidelines (SFTG). “With the Philippine [SFTG] in place, we hope to channel and amplify more capital toward economic projects that further sustainability goals such as lowering greenhouse gas emissions and bolstering climate resilience, while fostering transparency by reducing the likelihood of greenwashing,” SEC chair Emilio B. Aquino We hope that this guidelines will channel more investments from financial institutions towards projects and companies like GreenRev who are working to develop better and more effective solutions to achieve a more sustainable future. Read more: https://lnkd.in/eaKgWEvg Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook

Going further and faster on environmental sustainability could help small and medium-sized businesses unlock trillions of dollars in financing and sales – but less than 4% of SMEs are applying for sustainability-related finance.

As the ESG movement gains momentum, the regulatory landscape for sustainable investments is evolving rapidly. Gibraltar is uniquely positioned to navigate and benefit from both the EU's SFDR and the UK's SDR. Learn how these regulations are shaping the future of sustainable finance and what it means for market participants in Gibraltar. Dive into our latest article from Rupert Moffatt to explore the opportunities and challenges ahead. #Sustainability #ESG #SFDR #SDR #Gibraltar #SustainableFinance https://lnkd.in/dbmp-Tvp

SMEs will be facing increased sustainability pressures, especially through disclosure, this is just one. We can help you get ahead of the competition, get there faster, and take away the pain of complexity. #ESG #carbon #netzero #biodiversity

The Financial Conduct Authority has set up an industry led working group, the Advisers’ Sustainability Group, to focus on enhancing #sustainablefinance capabilities within the #financialadvice sector. We provide the Secretariat and the FCA sits as an active observer. Led by Daniel Godfrey (Chair) and Julia Dreblow (Vice-Chair), the Group is tasked by the FCA with developing guidance for good practice to help #FinancialAdvisers include consideration of long-term #sustainability risks in their #financialplanning and, where it meets client needs, to support them in the incorporation of sustainable investment related activities. The Group is currently focused on four main areas: sustainability issues, good practice, regulation and training and is seeking opinions and suggestions via two surveys published on the Advisers’ Sustainability Group’s pages on PIMFA website. The aim is to ensure that the Group hears a balanced representation of views from across the advice sector and its clients on the issues the Group should consider, how to approach them, what good looks like - and any other suggestions - https://pimfa.cc/npdc7 To share your views, please go here for Survey 1 - https://pimfa.cc/K2mrZ Survey 2 - https://pimfa.cc/OyG1l If you have any queries, please contact our Senior Policy Adviser, Maja Erceg.

New approach to sustainability reporting for SMEs opens way for practicable solutions The EU Platform on Sustainable Finance published its way forward to create simple, practical and easy-to-use tools for SMEs to report on a voluntary basis key sustainability indicators facilitating access to sustainable finance. In a first reaction, Gerhard Huemer, Economic Policy Director and member of the platform welcomes this new approach as an important step towards a realistic and doable solution for SMEs not covered by the Taxonomy and CSRD Regulation. Read more: https://lnkd.in/eHY4yFqd

How is the EU keeping up with Sustainability? 📗The simple answer is through the Corporate Sustainability Reporting Directive (#CSRD) but what exactly is that?   This is this the latest directive on non-financial disclosure. This assumes the place of the old directive #NFRD. The CSRD expands the scope so larger companies now fall underneath it. It requires companies to perform a #DoubleMateriality assessment which reports on both the impact the business has on the environment and how they are impacted by the environment. This is combined with extensive sustainability related disclosures such as: - Sustainable strategy - Stakeholders interest - Incentive schemes - Key Indicators of Sustainability - Due diligence process - Impact on supply chain ⏰The key timeline for the CSRD is as follows, on the financial year in 2026 companies that are not currently subject to the NFRD will need to report. 💡CSRD goes some way to meeting the demands of an increasingly ESG-focused investment community which I talked about in my previous post (link below). This has massively affected the demand for #ESG specialists in companies aligning with the CSRD by 2026, but has opened up the market to ESG strategists that can work with the CSRD to optimise and develop effective strategies to implement now and after the CSRD is in place post 2026. 🔗ESG investment post: https://lnkd.in/eXRs5RKx 🔗Read more from the source: https://lnkd.in/emMCjtiH

Essential walkthrough the CSRD and enterprises disclosure obligations about their ESG strategies A gradual phase-in is set up for EU companies, where disclosure for biggest actors starts as early as 2025

New sustainability reporting standards are taking shape in Canada, and many organizations need to build capacity, rethink reporting and chart out compliance to meet these requirements. Our latest blog explores what companies need to know about the latest Canadian Sustainability Disclosure Standards (CSDS). https://lnkd.in/enzbYYUD

The Corporate Sustainability Reporting Directive (CSRD) came into effect January 1, 2024, significantly broadening the scope of companies subject to mandatory sustainability reporting. But it doesn’t just impact corporations. From an investor's perspective, the scope and accessibility of CSRD reporting will enable financial market participants to better prepare for meeting disclosure obligations under the EU Action Plan on Sustainable Finance. Watch the video or read the blog to learn more: https://bit.ly/3VvFuL5 #CSRD #SustainableFinance #sustainbleinvesting #EUActionPlan