Shibolet ESG – Shibolet Consulting Ltd.

Majority of Global Regulators Align with ISSB and TCFD! The Financial Stability Board (FSB) has released a report highlighting significant progress in global climate-related financial disclosures. A majority of FSB member jurisdictions—19 out of 24—have already implemented climate-related disclosure regulations or guidelines, influenced by the International Sustainability Standards Board (ISSB). 🌍 Moreover, 17 jurisdictions have set or proposed disclosure requirements aligned with ISSB Standards and TCFD recommendations. This progress is particularly noteworthy given the recent transition of the TCFD’s responsibilities to the IFRS at the FSB’s request. While 82% of global companies have disclosed information aligned with at least one TCFD recommendation, less than 3% have fully met all 11 recommendations. With widespread global alignment, companies can expect stricter disclosure requirements and higher compliance standards. By aligning with ISSB standards, companies can better assess and manage climate-related risks and opportunities, leading to more informed decision-making and a more sustainable future. https://lnkd.in/dgTcTjf5 #FSB #ISSB #TCFD #climatechange #sustainability #finance #ESG #disclosure

הצטרפו אלינו לוובינר הקרוב בשיתוף יועמ"שים למען יועמ"שים בנושא ניהול סיכוני אקלים - לא רק לחברות ציבוריות 🌍 בשנה האחרונה, הרגולציה בנושא סיכוני אקלים וסביבה צברה תאוצה – רשות ניירות ערך פרסמה דוח ממצאים והמלצות, הפיקוח על הבנקים הציב נוהל חדש, וגם עסקים פרטיים שלא נדרשים בחוק כבר מרגישים את הלחץ מצד לקוחות, ספקים ומשקיעים זרים. אז איך מנהלים את הסיכונים האקולוגיים בצורה אפקטיבית? איך מצמצמים את הסיכון העסקי וממנפים את המידע הרגולטורי החדש לטובת החברה? השותפות גלית עופר ועינבר איתן- גולדשטיין ועורכת הדין לישי קורן יעשו סדר בעולם הרגולטורי, יסבירו כיצד נכון להערך לאור הדרישות המתרחבות, ויציעו כלים אופרטיביים לניהול עסקי של סיכוני סביבה ואקלים. 📅 18.11.24 | 10:30 הזדמנות טובה להערך בהתאם לדרישות>> https://bit.ly/4hhW21H GCs for GCs | יועמ״שים למען יועמ״שים Galit Ofer | Inbar Eitan Goldstein | Leeshai Koren #ClimateRiskManagement #EnvironmentalRegulation

🌍 Join us for a special webinar on ESG for Israeli exporters! Israel Export Institute מכון היצוא As ESG regulations become increasingly critical for global trade, we’re excited to introduce Shibolet ESG’s new ESG Guide for Israeli Exporters. Dive into key insights on regulatory frameworks and trends that impact Israel's main export destinations. Our speakers, Galit Ofer and Mark Steinsapir Briseño Steinsapir, will cover essential topics like climate risk, sustainability regulations, and ESG reporting best practices. 🗓 Date: 20.11.2024, 11:00-12:00 🎤 Speakers: Daphna Sternfeld, Galit Ofer, Mark Steinsapir Briseño 📝 Don’t miss this opportunity to strengthen your ESG compliance! Sign up now>> https://lnkd.in/d5SRP-Sb

As Dr. Liad Ortar is in his last week with us, we would like to depart from him by sharing his recent research: The Climate Commitment of Israeli Reporting Companies. The findings showed that the vast majority (86%) of companies publishing ESG reports in Israel are public companies. The remaining 14% is divided between government companies (8%) and private companies (6%). 86% of companies reported emissions in Scopes 1 and 2. However, only 40% of them included Scope 3 emissions. You can find the full report in the post. We wish Liad good luck in his next challenge.

Canada Takes Action on Climate-Aligned Investments Canada is taking bold steps towards achieving its ambitious goal of net-zero emissions by 2050. To attract the necessary investments—estimated between $125 and $140 billion annually—the government has announced two new initiatives: sustainable investment guidelines and mandatory disclosures for large private companies. These initiatives aim to boost transparency, increase investor confidence, and avoid greenwashing by providing clear guidance on sustainable investment practices. The Sustainable Finance Guidelines help investors evaluate and identify different types of sustainable initiatives while aligning with the Paris Agreement. 🌍 Meanwhile, mandatory disclosures will require companies to communicate their approach to managing climate-related risks, ensuring that capital is allocated towards climate-aligned activities. The Canada Business Corporations Act will soon mandate these disclosures, further driving accountability and transparency. These measures demonstrate Canada's commitment to sustainable finance and its role in addressing the climate crisis. 🌎 https://lnkd.in/gXUnB8C8 #Canada #sustainability #climatechange #netzero #investment #ESG #disclosure #greenwashing #ParisAgreement

IFRS Foundation Releases Guide to Support ISSB Implementation🚀 Investors are increasingly calling on companies to voluntarily adopt the International Sustainability Standards Board (ISSB) standards to provide valuable information for investment decisions. In response to growing demand, the International Financial Reporting Standards (IFRS) Foundation has published a guide to support companies in implementing the ISSB's S1 and S2 standards and communicating their progress on these matters. The IFRS Foundation's new publication, "Voluntarily applying ISSB Standards—A guide for preparers," aims to provide a tool for companies, particularly in jurisdictions without regulatory requirements, to meet investor demand for sustainability reporting aligned with the new emerging standards. These standards, which adopt a single materiality approach to financial disclosures, are designed to enhance the quality and consistency of ESG disclosures. ♻️ By voluntarily applying the ISSB standards, companies can demonstrate their commitment to sustainability and attract more informed and engaged investors. 🌍 As ESG disclosures become increasingly essential for investor decision-making, adopting the ISSB standards can provide a competitive advantage. Link to the full article in the first comment. #ESG #sustainability #ISSB #IFRS #finance #investment #disclosure #corporateresponsibility

The Cost of Greenwashing: Keurig Pays the Price Keurig Dr Pepper Inc. has been fined $1.5 million by the SEC for making misleading sustainability claims about its coffee pods. Despite claiming the pods were recyclable, the company was aware of “significant concerns” raised by U.S. recycling companies about the commercial feasibility of recycling them. Additionally, Keurig indicated that it did not intend to accept the pods for recycling. ♻️ This case highlights the importance of institutions like the SEC in protecting consumers and the environment. It also underscores the weight that sustainability claims and disclosures can have, and the need for companies to comply with their commitments. 🌍 Let’s work together to support companies in making accurate and transparent sustainability claims, contributing to a more sustainable future. #Sustainability #CorporateResponsibility #Greenwashing #ClimateAction #SEC #Keurig #EnvironmentalProtection #ConsumerProtection #EthicalBusiness Link to the full article: https://lnkd.in/d63W_-X9

The Coca-Cola Sustainability Scandal: A Legal Battle🥤🌍 In a significant legal battle, the nonprofit Earth Island Institute has accused Coca-Cola of misleading consumers about its environmental efforts. The institute claims that the beverage company has exaggerated the role of sustainability in its business strategy. The case, initially filed in 2022, is now being re-litigated to assess Coca-Cola's actual sustainability and recycling practices against its public claims. Earth Island argues that the company's statements create a misleading perception of its environmental leadership. The D.C. Court of Appeals has ruled that Earth Island can challenge Coca-Cola's sustainability claims under consumer protection laws, setting a precedent for holding corporations accountable for their environmental claims. Link to the full article: https://lnkd.in/dUzGUSWN #CocaCola #Sustainability #EnvironmentalLaw #CorporateResponsibility #ClimateChange #BusinessEthics

Volvo Delays Full Electric Transition 🚗 Volvo Cars has updated its electrification strategy, moving from a 100% electric fleet by 2030 to a 90% target. ♻️ This adjustment reflects the slower-than-anticipated development of charging infrastructure 🔌 and changes in governmental incentives and initiatives. The remaining 10% will be hybrid vehicles, representing the phase out of internal combustion engines. While Volvo remains committed to an electric future, this decision underscores the challenges of transitioning to a fully electric fleet and the importance of a flexible approach. 🔄 Link to the article in the first comment. #Volvo #ElectricVehicles #ClimateChange #Sustainability #AutomotiveIndustry #EVTransition ⚡️

Hi, please join us next Wednesday (September 11th) 12:00 IL time (GMT+3) for this exciting webinar in which we will discuss the role of hashtag #Greenbonds in advancing sustainability practices in financial markets. This is suitable for professional investors only. (if you want an invite to your calendar- please send me a private message) The link to the webinar is in the comments