ESG Playbook’s Post

Recently introduced EU Corporate Sustainability Reporting Directive (CSRD), which replaced the Non-Financial Reporting Directive and came into effect in January 2023, has already emerged as a potentially influential global standard for Environmental, Social, and Governance (ESG) reporting. The CSRD requires around 50,000 organizations to comply with the European Sustainability Reporting Standards (ESRS) developed by the European Financial Reporting Advisory Group (EFRAG). These standards aim to provide investors with a comprehensive understanding of the sustainability impact of the companies they invest in. Despite being a relatively new regulation, the CSRD's comprehensive approach and wide applicability have positioned it as a potential de facto global benchmark for ESG reporting. #sustainablesupplychain, #uniqueexcellence #greenhousegas

IFAC and AICPA & CIMA partnered to understand the environmental, social, and governance (ESG) reporting and assurance practices on a global basis by capturing reports containing ESG information in 22 jurisdictions. Some 1,400 companies were reviewed—100 from each of the largest six economies, with 50 companies reviewed in the remaining 16 jurisdictions. The current report includes data from 2019-2022. Full methodology is available in the study #esg #esgassurance #globaleconomy #sustainability https://lnkd.in/dcXqSmWb https://lnkd.in/ds9bBXf8

🆕 The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has recently published a Final Report on the Guidelines on Enforcement of Sustainability Information (GLESI) and a Public Statement on the first application of the European Sustainability Reporting Standards (ESRS). These documents will support the consistent application and supervision of sustainability reporting requirements. 👉 https://lnkd.in/dMDNqwyj #ESRS #CSRD #sustainability #ESG #ESGreporting

🌍 The European Union (EU)’s Corporate Sustainability Reporting Directive (CSRD), implemented in January 2023 and now integrated into the national laws, extends beyond its initial focus on the financial sector and publicly traded companies.   📚 The European Sustainability Reporting Standards (ESRS) provide the foundation for global sustainability reporting.   ⚠️ Given the complexity of the CSRD/ESRS regulations and the challenges of reporting value-chain KPIs, companies should start preparing for ESG reporting now. This includes developing their KPI reporting gradually and establishing or expanding ESG governance structures to ensure successful project management and readiness for the initial report.   🔄 By mandating detailed disclosures, the ESRS pushes companies within and outside Europe to reevaluate their sustainability strategies and align with global best practices.   📖 Curious to discover more critical insights? Head over to the link to read the complete whitepaper: https://lnkd.in/dyPpKRxN Saurav Bhandari Vijay Nitin Suvarna Kaushik Sinha Balabaraniyan Thirunavukkarasu Sneha Govindalwar Abhilasha Sukumarbabu Shubhshree Pareek #esg #whitepaper #insights #eucsrd #esrs #csrd #sustainability #reporting #sustainable #esggovernance #sustainabilitystrategies

The Corporate Sustainability Reporting Directive (CSRD), together with the accompanying European Sustainability Reporting Standards (ESRS), is probably one of the hottest topics regarding Corporate Sustainability at the moment. As companies start and continue to digest the implications of this new regulatory framework, many doubts and uncertainties arise (to be expected). Our comprehensive Whitepaper offers great insights, including: ⦿ Introduction to the CSRD and its transformative impact on sustainability reporting. ⦿ Insights on which companies fall under the CSRD's scope and its implications. ⦿ Detailed exploration of ESRS, covering mandatory and non-mandatory standards. ⦿ Actionable guidance to ensure your organisation aligns with ESRS requirements. The CSRD will impact over 50,000 companies starting in 2024, elevating ESG reporting to the level of financial reporting, and setting a new benchmark for corporate transparency across Europe. For you, CSRD is a strategic opportunity to align your company with the EU's ambitious sustainability goals. To stay ahead, start collecting data and understanding these requirements now. Download our Whitepaper today: https://lnkd.in/e_2MQDzk #sustainability #ESRS #CSRD #ESG #corporateresponsibility #PlanA #compliance #transparency #corporategovernance #EUregulations #regulatory #reporting

Baker Tilly's Benjamin Martin urges U.S. companies with EU business ties to prepare for the EU's Corporate Sustainability Reporting Directive (CSRD), which will require reporting on over 1,200 ESG indicators with financial-reporting rigor. Some subsidiaries must comply as early as 2026, making early planning and cross-border collaboration essential. Benjamin calls this a “turning point in sustainability reporting.” Read more in Environment+Energy Leader: https://bit.ly/48LorZZ #CSRD #ESG

💻 📚 Great short course to learn and better understand the basics of CSRD (Corporate Sustainability Reporting Directive) and a good basis for further learning on the subject. It covers the core principles behind the reporting requirements and explains the EU legislation and regulatory bodies driving this shift toward transparent, comprehensive, and comparable sustainability reporting. It covers ESRS general requirements and general disclosure, double materiality, and other aspects of the environment, social and governance disclosures. This course focuses on the foundational knowledge you need to grasp what’s behind the new mandatory reporting standards. Perfect if you’re aiming to get a clear sense of these critical ESG requirements. See CSRD Institute profile for more information 💡

Please reach out to me if you have ESG needs that we can help you with. Our team has been helping organizations across the globe with their sustainability reporting across various regulations. #esg #csrd #californiaclimaterisk

Completed ESG certificate course 2023. Highlights - BRSR and Environmental, Social and Governance (ESG) reporting are applicable to Top 1000 listed companies as per market capitalisation from 2022- 23 as per SEBI circular. There are 3 sections under which reporting will be done and Section 3 covers 9 principles of National Guidance on Responsible Business Conduct (NGRBC).

🌍Navigating the World of Sustainability Reporting: ⏳A Quick Guide Sustainability reporting is becoming increasingly important for businesses of all sizes. But with so many different frameworks and standards, it can be tough to know where to start. Here's a quick breakdown of some of the most common sustainability reporting guidelines: 🌱GRI Standards: A widely recognized framework that provides comprehensive guidelines for reporting on a range of environmental, social, and governance (ESG) issues. 🌱SASB Standards: Industry-specific standards developed by the Sustainability Accounting Standards Board, focused on financial materiality and investor decision-making. 🌱TCFD Recommendations: A framework developed by the Task Force on Climate-related Financial Disclosures, designed to help organizations disclose climate-related financial risks and opportunities. 🌱EU CSRD: The EU Corporate Sustainability Reporting Directive mandates sustainability reporting for large companies and listed companies in the EU. 🎯Choosing the right framework depends on various factors, including your company's size, industry, and specific sustainability goals. It's crucial to select a framework that aligns with your business strategy and stakeholder expectations. #sustainabilityreporting #ESG #GRI #SASB #TCFD #EUCSRD #corporatesustainability #sustainability