ESG Summit Europe’s Post

A neat encapsulation of reporting fatigue - 'just one more rabbit hole to chase down' to maintain the veneer of activity, when we need to 'look up' and see the need for and deliver the reality of transformation. Good reporting is the first rung on that transformational ladder, it provides the foundations for change (the web of connections across value chains, the datasets, the baselines etc) but its for naught if you don't push on to deliver a radical reduction in the impact of your supply chains, operations and products/services. Too many C-Suites hiding behind this veneer to avoid the 'hard yards' of transformational change

Are you seeing a shift in how firms approach their ESG commitments? In a new report by Briefing/HSBC UK, recent data shows that over half (53%) of organisations now have an independent ESG committee advising their main boards. Additionally, 20% are proactively screening clients for their environmental impacts, while 6% are even taking a stand against alleged environmental transgressors. Read the report to learn more – https://buff.ly/3C7YLdJ What steps is your organisation taking to prioritise ESG? Let’s discuss!

One step closer to becoming a "Certified GRI ESG & Sustainability Reporter"👏👏. The Global Reporting Initiative (GRI) Standards provide a comprehensive framework for organizations to publicly report/disclose its most significant impacts on the Economy Environment and People including impacts on their human rights.

Today's Environment, Social & Governance Europe’s ESG Manufacturing Shift European governments are driving the integration of... Read More: https://lnkd.in/deCxMZwU #europe #esg #esgtrends2024

ESG: Switzerland decides to ban greenwashing 🚫🌱 Read more in our newest article👇

As the public demand for both climate action and accountability keeps growing, jurisdictions worldwide have drafted legislation on greenwashing to satiate this appetite. Today, organisations that make unsubstantiated sustainability claims expose themselves to regulatory risk, but the legal definition of Greenwashing and how it is prosecuted varies greatly from jurisdiction to jurisdiction. Read our report “The challenge of Greenwashing” https://lnkd.in/gznGJjnZ and contact us for more:  Patrick Chu, Head of ESG Reporting & Assurance, KPMG China Irene N.Y. Chu, ESG Reporting Lead, Hong Kong, KPMG China #ESG #Greenwashing #Regulatory

A few thoughts from our event on ESG regulation - thanks to BritishAmerican Business and excellent panelists Thierry Panhelleux, Ulysses Smith, Patricia Volhard, Duncan Edwards: - To understand EU ESG regulation it helps to understand the scope and ambition of the Green Deal - ESG regulations across markets share some common roots and architecture, but the underlying policy objectives may account for the difference in scope - Understanding the picture in the USA requires a look at Federal rule making but also at the State level (which presents a divergent picture) - Many companies have underestimated the extent of the readiness effort for CSRD; it is important to get started, with more than adequate resourcing and support  - CSDDD will be an important directive for companies to address given its extensive requirements, including Transition Plans, and expansive regime for complaints, litigation, and sanctions - These regulations require more than a compliance mindset, as many have significant strategic and operational implications Debevoise & Plimpton EY #esg #sustainability #corpgov #sustainability

When an organisation markets its products and services as being “environmentally friendly” or “carbon neutral”, are they really? Making unsubstantiated environmental claims for marketing purposes is called greenwashing, and in some jurisdictions such claims are punishable by law. At a time when businesses are scrambling to meet stakeholders’ climate expectations, it is important to understand the legal risks attached to greenwashing and its potential reputational implications. Read our report “The challenge of greenwashing” https://lnkd.in/gznGJjnZ and contact us for more: Patrick Chu, Head of ESG Reporting & Assurance, KPMG China Irene N.Y. Chu, ESG Reporting Lead, Hong Kong, KPMG China #ESG #Greenwashing #Regulatory

In our latest blog post, the Neighbourgood team explores CSR, ESG and the difference between these two important topics. Follow the link below to read more! 👇 https://lnkd.in/ep_3Cvky

ESG regulations have reportedly risen 155% globally in the last decade📈 Inconsistent ESG disclosures across jurisdictions, company sizes, and sectors have created a fragmented landscape that hinders comparability and transparency. At COP29, the International Organization for Standardization (ISO) is launching new, freely available international guidance. This initiative aims to help organizations navigate the complex ESG landscape, comply with disclosure requirements, and accurately measure, report, and communicate their activities. Learn more: https://lnkd.in/eX9XmckT #BSI #ISO #ESG #ESGImplementationPrinciples #COP29 #Sustainability #ClimateChange #SocialEquality