ESG Summit Europe’s Post

Need to build your data infrastructure to comply with CSRD, but focused in your Pharma manufacturing processes? 👉 ASK US At Scinr AI we provide the enterprise analytics infrastructure, not only to comply with the directives but also to become a more competitive and data driven pharma manufacturer. Thanks ESG Summit Europe for such a great event in Madrid. #sustainability #csrd #pharma #ai #datadrivenpharma

The European Union's Corporate Sustainability Reporting Directive (#CSRD), which came into effect earlier this year, requires in-scope companies to monitor and report on risks and opportunities around sustainability issues, and the impact of their activities on people and the environment. However, with EU directives needing to be incorporated by each member state into their own national legislative frameworks, a process called transposition, only 11 countries have so far successfully enacted CSRD, ahead of the first phase of #reporting starting in 2025. While the CSRD is paving the way for the future of mandatory #sustainability reporting, uncertainty and significant challenges remain for businesses preparing to meet these new requirements. ESG Book’s Reporting Exchange is the market’s leading tool to help you understand and navigate the fast-changing regulatory landscape across multiple jurisdictions, including alerts on new developments and our CSRD tracker. Find out more: https://lnkd.in/e_KhqSv3 #ESGRegulation #SustainableFinance #DataVisual #Explainer

📈 Stay informed with our Spring 2024 ESG Regulatory Update! Covering recent Swiss, EU, and global sustainability developments, anti-greenwashing rules, and insights into upcoming initiatives. Download now to empower your strategy: https://lnkd.in/dubjABJV #ESG #SustainableFinance #GlobalFinance

𝗡𝗲𝘄 𝗘𝗦𝗚/ 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗘𝗨 👉𝗜𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 ESG/ sustainability reporting is currently being raised to a new level in the EU – CSRD/ ESRS and EU taxonomy require companies to report extensively on environmental, social and governance matters – 2024 is the first year that needs to be reported on. While the implementation results in considerable effort for companies, it also provides opportunities to communicate ESG performance and achievements in a credible manner. Overall, a new level of transparency and comparability will be achieved allowing investors and the public to scrutinize ESG claims of companies.   We asked Christian: How can companies successfully implement the EU's new reporting rules? You can find a few of his hints right here 👇 𝗛𝗼𝘄 𝗱𝗼 𝘆𝗼𝘂 𝘁𝗵𝗶𝗻𝗸 𝘁𝗵𝗲𝘀𝗲 𝗻𝗲𝘄 𝗿𝘂𝗹𝗲𝘀 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗶𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝗿𝗲𝗽𝗼𝗿𝘁𝘀? #ESG #TEAMtkMC #tkMCinsights #inhouseconsulting

The recent landmark agreement between the European Council and Parliament of the EU marks the beginning of ESG rating regulation. This provisional deal introduces stringent transparency requirements to enhance rating consistency. It represents a significant global stride towards bolstering corporate accountability and combating greenwashing practices, promising a more transparent and sustainable business landscape Read Analyst Cameron Toy-Kluger’s article here: https://lnkd.in/ejHTN_i7

📑 The Belgian Business Chamber cordially invites you to check out the latest brochure by Nexia Advicero on ESG.    🍃 ESG is a view of management in environmental, social and corporate aspects. It refers to corporate social responsibility and management that will at the same time implement the concept of sustainable development. It first appeared in the NFRD, which was an amendment to the Directive on annual financial statements, consolidated financial statements and related reports of certain types of undertakings. This was followed by the EU Directive implementing the ESG – Corporate Sustainability Reporting Directive (CSRD), which came into force on 5th January 2023. This is a particularly important piece of legislation, the main purpose of which is to further detail and ensure transparency in non-financial reporting requirements.   ❓ - What should be reported? - What current responsibilities might ESG reporting overlap with? - Which businesses are affected by reporting and when should ESG be implemented? 👀 Find out the answers to these questions in the latest brochure by Nexia Advicero: https://lnkd.in/eaHXSWd9 The brochure is available in English and Polish. #BelgianBusinessChamber

📈 Stay informed with our April 2024 ESG Regulatory Update! Covering recent Swiss, EU, and global sustainability developments, anti-greenwashing rules, and insights into upcoming initiatives. Download now to empower your strategy: https://lnkd.in/ddgUn6Uj #ESG #SustainableFinance #GlobalFinance

The new EU sustainability reporting requirements (#CSRD) entail a heavy burden on many companies. But it also posses an opportunity to remedy some of the fundamental problems connected to measuring ESG. The Danish press has picked up on Tom Kirchmaier’s and my work on ESG ratings in 113 global scandal firms. 🙏 We find that firms involved in #scandals had high grades for their social responsibility before the scandal. 💡 Our results raises questions about the quality of #ESG ratings – and therefore we join Berg et al. (2022) who point to an “aggregate confusion" problem in the methodologies of the ESG raters, resulting in a divergence between the rating providers. Surely, it is complex to establish and incorporate #trustful #data on matters such as ‘biodiversity’ and ‘workers in the value chain’ (which is part of the reporting topics in CSRD). There are no quick fixes and it will take time to get there. Thanks a lot for your coverage and nice words Erik Eisenberg, Børsen, Thomas Bernt and Simon Bendtsen, Berlingske, and Anna Thygesen. Very happy to see the message being spread. 🙏

📢 Exciting news for businesses in the EU! The EU Commission has just released a comprehensive FAQ to guide companies in adopting the new sustainability reporting rules under the CSRD. This resource is a game-changer, offering clear insights and practical advice to facilitate smooth implementation. Check out the article on ESG Today for all the details. #EUCommission #SustainabilityReporting #CSRDFAQ https://ift.tt/vyUi5Ch

The importance of ESG activities has increased for many Swiss companies. Nevertheless, the majority of companies are not prepared for a corresponding reporting. These are the findings of a recent survey of Swiss companies conducted by the ZHAW School of Management and Law.   https://lnkd.in/g_B5_e-W #swissmanagerssurvey #swisscompanies #survey ZHAW International Management Institute