Sustaina Company’s Post

The vice-chair of the International Sustainability Standards Board (ISSB) has warned that the board is unlikely to amend its new sustainability report standards soon International Sustainability Standards Board (ISSB) https://lnkd.in/gQVw4jJG This is an interesting comment from the board chair - Sue Lloyd as standards are always reviewed due to concerns raised by the private sector, public sector, special interest groups, and accounting bodies. I have authored many articles on ESG and there are many challenges with uniformity with reporting especially as ESG has become a political hot potato for elected officials.   90% of CFOs ESG issues will be a major focus over the next 5 years - https://lnkd.in/gNHtETnr  Blog – 5 AI trends CFOs must know - https://lnkd.in/ghM3w2zY

We have arrived! 💥 As my colleague Ulrika beautifully put it: A new era of Responsible Business Conduct is starting. #CSDDD is making sure of it. I am very proud to work at a company like Worldfavor that solely focuses on solving the challenge of how people, planet and economy can strive together and I look forward to see the change that CSDDD will empower 🙏 If you don't know what to do - check out our starter guide to the Corporate Sustainability Due Diligence Directive. If your company operates, whether entirely or partially, in the EU, this directive will impact you. So regardless of industry or size – this guide is gonna be helpful. 

In recent months, a surge in ESG and sustainability-linked policies and regulations has understandably raised concerns among companies. The burden of ESG compliance, compounded by international regulations such as the #CarbonBorderTax, #CSRD, and #ESRS, alongside homegrown requirements like the #BRSRCore framework, presents a daunting challenge for many. However, amidst this pressure lies a silver lining – an opportunity for companies to differentiate themselves and unlock greater market access and reputational benefits. At dss+, we believe in transforming sustainability regulations into smart business strategies. In our latest article, our colleagues, Federico M., Caroline Heinz and Joséphine Courtois delve into this topic, offering insights on how companies can leverage sustainability regulations to their advantage. Through the lens of France’s Anti-Waste for a Circular Economy (AGEC) law, we explore practical examples of turning regulatory compliance into strategic opportunities. Discover more about this transformative approach: https://lnkd.in/grKvJyeZ #ESG #Sustainability #Regulations #BusinessStrategy #CircularEconomy Vinod, Ankit, Grishma

Hot take: sustainability regulations are a mess. With every government rolling out its own set of rules, companies operating internationally face a labyrinth of regulations. Here's the issue: The complexity of these regulations discourages innovation and slows down progress. And yes, complying with this web of sustainability standards doesn't come cheap. The financial strain is real, and more often than not, those costs ripple down to the consumer—making sustainable products more expensive and less accessible. It’s time to stop duplicative and contradictory regulations and encourage businesses to make sustainable choices. If we don't resolve this, we will not be able to adapt and comply in time. Here are some of the regulations that overlap in their contents. #circularity #innovation #compliance

The upcoming Corporate Sustainability Reporting Directive (#CSRD) is bringing a seismic shift by emphasising double materiality in European Sustainability Reporting Standards. Dive into the dual lens perspective and its impact on investor demands in Frédéric Vonner's latest article! 🌐 #SustainabilityReporting #DoubleMateriality

Happy to share a recent publication, "Greenwashing and Sustainability Assurance: A Review and Call for Future Research," co-authored with Professor Stewart Jones and Professor Marie-Soleil Tremblay. This paper synthesizes insights from the burgeoning field of greenwashing and proposes a compelling agenda for future research. Amidst rising global concerns about greenwashing, our work delves into the characteristics of firms adopting sustainability assurance, challenges facing auditors, and the development of assurance standards and regulations. We explore the profound economic and reputational impacts of greenwashing, the evolving landscape of sustainability assurance services, and identify critical avenues for interdisciplinary research bridging academia and practice. https://lnkd.in/gTVTKFvt #greenwashing #sustainabilityassurance #research

GREEN WASHING Some new analysis A real interesting new research piece shared by Professor Clinton Free “Greenwashing and Sustainability Assurance: A Review and Call for Future Research," This has a very insightful Info-Graphic that I really liked and so wanted to share both with the Network. #cima #aicpa #sustainabilityandbusiness #greenwashing #monash #climatechange #reporting #climatereporting #frc #sec #noplanetb #esg

The complexity of the evolving #regulatory landscape demands an ongoing adaptation to changing rules and regulations, which includes an extensive understanding of the scope and implications of regulations such as the Corporate Sustainability Reporting Directive (#CSRD). CSRD will substantially change how companies will report on their #sustainability efforts, however our latest global insights on key sustainability challenges suggest a significant disconnect between organizations' sustainability and corporate strategy. Are you hitting the target? Check out the latest insights below - want us to contact you? #sustainabilityleadership #competitiveadvantage #businessstrategy #futureproofyourbusiness #sustainabilitytransformation

I've had hundreds of calls with businesses and organisations who are worried about the huge growth of European Commission 'green-tape' regulations in thr last few years. Often businesses don't even known that they're in-scope – even MORE often they don't even know what the different FLA's (Four Letter Acronyms 😅) stand for! Below is a cheat sheet that I keep on hand to remember what everything means: 📊 EU Taxonomy: A classification system identifying sustainable economic activities, helping investors select environmentally friendly investments and combat greenwashing. Applies from January 1, 2023, for large companies. ✅ Sustainability Disclosure Requirements (SDR): UK-based regulation aimed at ensuring transparency in sustainability claims to prevent greenwashing, enhancing consumer trust in sustainable investment products. ⛔️ Sustainable Finance Disclosure Regulation (SFDR): Increases transparency in sustainable investment, categorizing products based on sustainability and requiring disclosures on sustainability risks and impacts. Implemented in phases starting March 2021, with enhanced disclosures from January 2023. 🚨 Corporate Sustainability Reporting Directive (CSRD): Expands the NFRD, mandating detailed sustainability reporting for around 50,000 companies. Came into force on January 5, 2023, with reporting obligations beginning in the 2024 financial year. 🕵️ Corporate Sustainability Due Diligence Directive (CSDDD): A proposed directive requiring large companies to conduct due diligence on human rights and environmental impacts, with potential implementation as early as 2025. 📝 Streamlined Energy and Carbon Reporting (SECR): Requires large UK companies to report on energy use and carbon emissions, aiming to promote energy efficiency and carbon footprint reduction. 🔃 Circular Economy Action Plan: Aims to transition to a circular economy by 2050, focusing on eco-design, recycling, and sustainable consumption and production practices. Part of the European Green Deal. 🚬 EU Emissions Trading System (EU ETS): A cap-and-trade system to limit greenhouse gas emissions from various sectors, expanding to include maritime transport from 2024. 🌳 European Union Deforestation Regulation (EUDR): A regulation requiring operators and traders of commodities like beef, soy, palm oil, wood, cocoa, coffee, and rubber to prove their products are deforestation and forest degradation-free (if this is a concern reach out to OpenAtlas 🛰️ 🤖) 🤔 Am I missing anything? 💭 Let me know in the comments below!

New EU sustainability regulations, such as the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD), are placing demands on transparency, accountability, and environmental responsibility across the entire value chain. Our latest blog by Lee Green explores the impacts of these regulatory shifts, how tools like the Higg Index can support compliance, and why companies need to act now to align with these standards → https://lnkd.in/dYdarfhh Join us on December 4 in Brussels at the Brand & Retail Forum to dive into these issues, explore solutions, and develop strategies that will enable businesses to thrive in this new regulatory environment. 🎟️ https://lnkd.in/dzdPm2JG