Sillion

Yesterday, we took a break to recharge and get into the holiday spirit. We painted holiday cards, sipped warming drinks, and sampled a variety of Christmas treats. It was a great way to unwind as a team and enjoy some creative downtime. Bonus: we now have some handmade, sustainable gifts to share! #TeamSillion #HolidaySeason

Sustainability reporting is evolving—and so are investor expectations. Are you keeping up? In our recent webinar, Sustainability Reporting: What Investors Want to See, we brought together insights from industry leaders to unpack what investors are really looking for in today’s reports. From transparency and targeted data to focusing on what you truly excel at, the discussion covered actionable advice to help companies strengthen their reporting and build trust with stakeholders. Whether you're looking to benchmark your current approach or take your reporting to the next level, you should check it out: https://lnkd.in/dytPEsKQ #SustainabilityReporting #ESG #InvestorInsights

🚨 UK Green Taxonomy: Consultation now open The UK has launched its long-awaited Green Taxonomy consultation, open until February 2025. This initiative aims to determine whether a taxonomy is a valuable addition to existing sustainable finance frameworks. Here’s what you need to know: 👉 What it is: In this case, a taxonomy is a way to classify economic activities as sustainable, ensuring they align with national goals and create clear, consistent rules for what qualifies as a sustainable investment. 👉 Challenges acknowledged: The consultation highlights how existing taxonomies, like the EU Taxonomy, have been hard to use because of its strict rules for building sustainable funds and portfolios. 👉 Interoperability: The UK plans to stay compatible with frameworks like the EU Taxonomy, using similar formats and terms to support global consistency. You can review the consultation and submit responses here: https://lnkd.in/e9vQ52qJ Want to stay updated on the latest ESG news? Sign up for our fortnightly Sillion Briefing here: https://lnkd.in/dVYs6spM  #GreenTaxonomy #Transition #Sustainability

Five stories from this morning's Sillion Briefing... Sign up here to receive key corporate sustainability news direct to your inbox every fortnight: https://lnkd.in/dVYs6spM Useful links to read more on each story are in the comments. 👇 #ESGNews #SillionBriefing #CorporateSustainability

A dramatic finale and mixed feelings: curtains on COP29 Early on Sunday morning in Baku, Azerbaijan, marathon talks on finance were brought to an end. Negotiations, which as is par for the course for COPs were often contentious and frequently on the verge of collapse, concluded with an agreement asking governments to deliver $1.3 trillion per year in climate finance to developing economies by 2035. The commitment is designed to ask a lot of the private sector, with the goal of unlocking climate finance from private institutions, development banks, and the use of carbon markets to support financial flows. Much greater investment will be required into clean energy and climate resilience projects. While the core funding commitment of $300bn from richer nations triples the previous $100bn goal, the final figure was slammed as far too low by many in developing economies. Some also argued that the final text also doesn’t do enough to specify that funding should be grants, rather than loans, increasing the risk of burdensome debt. Indian delegation member Chandi Raina criticised the agreement as a “paltry sum” and “nothing more than an optical illusion”. The UK’s own Ed Miliband, Department for Energy Security and Net Zero Secretary, described it as a “critical eleventh-hour deal”, and highlighted the potential “opportunities for business and jobs” – although details on what new responsibilities this might create for the UK were understandably slim at this stage. We’ll be rounding up other outcomes from COP29 Azerbaijan in our fortnightly Sillion Briefing, with the next one out this Friday morning – sign up here: https://lnkd.in/dVYs6spM #COP29 #COP29Azerbaijan #Climate

Sustainability reporting is under the spotlight, and investors are paying close attention. So, how can companies meet rising expectations and build trust? In our recent webinar, Sustainability Reporting: What Investors Want to See, Brunno Maradei, CFA, Global Head of Responsible Investment at Aegon Asset Management, shared his top advice for impactful reporting: Be targeted, and do it really well. Brunno underscores the importance of quality over quantity in sustainability reporting. It’s not about saying you’re doing everything—it’s about showing you’re doing the right things, exceptionally well. Want to elevate your reporting? Get in touch with us at hello@sillion.co.uk. #SustainabilityReporting #InvestorAdvice #ESG

Transition Plan Taskforce disbands, passes to IFRS The UK-led Transition Plan Taskforce (TPT), which produced the influential TPT recommendations for companies to use to develop climate transition plans, has issued its final report and disbanded. The IFRS Foundation, parent body of the International Sustainability Standards Board (ISSB), has taken over responsibility of the TPT recommendations. It’s expected that the IFRS will officially endorse the TPT’s materials for use in the creation of IFRS-aligned transition plans, meaning that using this framework to develop your own transition plan is a safe move. By the numbers: According to CDP, 5,900 companies reported having a transition plan in 2023, a sharp rise from 4,100 in 2022—a 44% increase. Very few, however, have been published, and fewer still are so far TPT-aligned. "UK businesses, take note: The UK government is expected to require transition plans for both listed and large private companies, with an announcement likely in Q1 2025," says Sillion CEO Tom Rayner. “They involve a lot of work, so get moving.” We’re here to help. Get in touch at hello@sillion.co.uk 🔗 Read the TPT’s final report here: https://lnkd.in/dTw42XRJ #TPT #TransitionPlans #IFRS #Sustainability

Missed Friday’s ESG Briefing? Read on for an extract of our top corporate sustainability stories over the last fortnight.   Sign up here to receive the briefing straight to your inbox: https://lnkd.in/dVYs6spM   🌳 The COP16 biodiversity summit failed to reach a decision on the financing strategy for a new ‘global nature fund’ to support the Global South target agreed last year. https://lnkd.in/emf2vp96   📊 The Transition Plan Taskforce (TPT) has disbanded after issuing its final report; responsibility for its climate transition plan recommendations has passed to the IFRS Foundation. https://lnkd.in/e4pe_cxn   👚 The Esquel Group, a major textile and apparel manufacturer based in Hong Kong, has been barred from exporting to the United States under the Uyghur Forced Labor Prevention Act (UFLPA). https://lnkd.in/e6p8vjZg   💡 Ofgem has proposed reforms to help it prioritise viable grid projects for 2030 decarbonisation and approved subsea cables to boost clean energy trade and grid reliability. https://lnkd.in/eQz_AGEX   #ESGNews #SillionBriefing #CorporateSustainability

Investors are raising the bar on transparency and data accuracy in sustainability reporting. In our recent webinar, Sustainability Reporting: What Investors Want to See, Brunno Maradei, CFA, Global Head of Responsible Investment at Aegon Asset Management, shared that investor confidence is built on transparency, allowing for a better understanding of the underlying assumptions in shared data. Catch Brunno’s full insights in the video below, and if you're looking to benchmark and strengthen your own reporting, reach out to us at hello@sillion.co.uk. #SustainabilityReporting #Transparency #InvestorInsight

❓ What don't investors want to see in sustainability reports? ❓ The reporting season is upon us, and with the CSRD taking effect this year, followed by ISSB next year, the pressure on companies is rising. Investors have increasingly high expectations for companies, demanding transparency and data integrity to evaluate sustainability claims. In our recent webinar, "Sustainability Reports: What Investors Want to See," we dove into this exact topic. In the video below, Maria Lombardo, Global Head of ESG Advisory Sustainable Finance at Standard Chartered, shares her perspective on what she thinks does and doesn't belong in a sustainability report. If you want to discuss sustainability reporting or see how your reporting benchmarks against competitors, get in touch at hello@sillion.co.uk #SustainabilityReporting #ResponsibleInvestment #InvestorInsights #ISSB #CSRD