DGE Finland’s Post

On the blog today, our colleague Dániel Cséfalvay reflects on PRII's key takeaways from last week's study visit to Norway. What insights from Norwegian ESG practices can be translated into the CEE context? 🍃 https://lnkd.in/ddMYrufY

EU Council Passes Legislation to Regulate ESG Ratings Providers EU member states in the European Council announced that they have adopted new rules to regulate ESG ratings providers, aimed at improving the reliability and comparability of ESG ratings and boosting investor confidence in sustainable financial products. Read More: https://lnkd.in/gfKDTPFa A Sustainable World is possible! 💚 Powered by Intengine #Sustainability #ASustainableWorld #ESG #EU #ESGratings

🆕 Belgium has recently adopted the EU Corporate Sustainability Reporting Directive (#CSRD), marking a pivotal moment for ESG (Environmental, Social, and Governance) transparency in the region. 📈 This directive is set to transform how companies report their sustainability efforts, ensuring greater accountability and transparency. ⬇️ Read more via the article below!

Over the past weekend, I shared my perspective with Frederik Otto the Founder, Executive Director - The Sustainability Board, on the general challenges faced in boardrooms and the specific issues concerning sustainability. This conversation got me thinking about the level of commitment of African companies to ESG (Environmental, Social, and Governance) and sustainability practices, and the strategies that could enhance their dedication to these critical standards. The following four strategies could be used to improve the commitment of African companies to ESG standards: (a) Raising awareness among corporate stakeholders about the importance of adhering to sustainability standards. (b) Training organizations on the practical integration of ESG principles into their operations. (c) Offering economic incentives for ESG compliance through tax breaks, grants, and favorable loan conditions for sustainable projects. (d) Implementing regulations that compel companies to meet internationally recognized ESG guidelines. What other strategies do you think can be used to improve commitment to ESG and sustainability standards? #ESG #sustainability #responsiblebusinesspractices

🎉The new IATE Term of the Week is out! This time, you will discover more about 🌱Corporate Sustainability due diligence, which refers to the policies and frameworks established to ensure that companies operating within the EU and European Economic Area (EEA) adhere to high standards of environmental, social, and governance (ESG) practices. 👉Read more about it here: https://bit.ly/3yFZdOE #europeanparliament #IATEtermoftheweek

🌍 Belgium Implements CSRD 🌍 Belgium has taken a major step forward by implementing the EU Corporate Sustainability Reporting Directive (CSRD). This new directive is set to revolutionize how companies report their sustainability efforts, ensuring greater accountability and transparency across the board. 🔍 Key Highlights: Comprehensive ESG reporting requirements for large companies and listed SMEs. Detailed disclosures on environmental impact, social responsibility, and governance practices. Enhanced transparency and comparability of ESG data. 💡 Why It Matters: Increased Transparency: Stakeholders get access to reliable and comparable ESG data. Improved Accountability: Companies are held to higher sustainability standards. Boosted Investor Confidence: Transparent reporting attracts more investment. 📈 Challenges Ahead: While the CSRD brings many benefits, companies may face initial challenges in data collection and compliance. However, the long-term gains in transparency and accountability are well worth the effort. Read more about Belgium's adoption of the CSRD in the comments below! 🌱 #Sustaira #ESG #Sustainability #CorporateResponsibility #Transparency #Belgium #CSRD #SustainableBusiness #InvestInSustainability

Webber Wentzel has collaborated with Linklaters to compile an ESG guide that covers key Environmental, Social and Governance (ESG) trends as well as what is on the horizon for 2024 in various jurisdictions, including South Africa. Fuelled by a wave of global advancements in 2023, ESG considerations become a strategic requirement for businesses, with most businesses leaders taking proactive approaches to meeting ESG-related standards. View the South African chapter authored by Garyn Rapson, Paula-Ann Novotny and Dalit Anstey: https://bit.ly/3TcX6bY #ESG #Environment #Sustainability #Governance #Regulatory

Check out our ESG Legal Outlook for 2024! #ESG #Sustainability

Suggested Swiss alignment with EU CSRD – our first thoughts The Federal Council initiated the consultation process on the next steps regarding alignment of Swiss sustainability reporting obligations with the EU CSRD. Read more about the key elements of the proposal, our first thoughts on it and what this means for Swiss companies in our blog: https://lnkd.in/dr5qggbd #pwc #csrd #esg #sustainabilityreporting #cprbi #pwcinsights #pwcswitzerland

Suggested Swiss alignment with EU CSRD – our first thoughts The Federal Council initiated the consultation process on the next steps regarding alignment of Swiss sustainability reporting obligations with the EU CSRD. Read more about the key elements of the proposal, our first thoughts on it and what this means for Swiss companies in our blog: https://lnkd.in/dDNBDEmD #pwc #csrd #esg #sustainabilityreporting #cprbi #pwcinsights #pwcswitzerland