Esgrid’s Post

Interesting article on the challenge Irish businesses are having in the global market and how sustainability can provide a cost saving , but also a competitive advantage https://lnkd.in/erktMSEZ #EYSupplyChain

𝐓𝐢𝐦𝐞 𝐭𝐨 𝐓𝐚𝐥𝐤 𝐀𝐛𝐨𝐮𝐭 𝐄𝐭𝐡𝐢𝐜𝐬 𝐢𝐧 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲? This calls for serious reflection: 𝐚𝐫𝐞 𝐰𝐞 𝐠𝐞𝐧𝐮𝐢𝐧𝐞𝐥𝐲 𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐢𝐧𝐠 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐜𝐭𝐢𝐨𝐧𝐬, 𝐨𝐫 𝐢𝐬 𝐢𝐭 𝐦𝐞𝐫𝐞𝐥𝐲 𝐚 𝐦𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠 𝐠𝐢𝐦𝐦𝐢𝐜𝐤? Fast fashion brands, fossil fuel companies, and SUV manufacturers are found in EU-regulated "sustainable" funds, which boast about their ethical standards. However, an investigation by the Guardian and its media partners has revealed that these funds have invested $18 billion (£14 billion) in the 200 biggest polluters. The investigation, led by Voxeurop in collaboration with The Guardian and other media partners, identified the top 25 polluters in each of the eight most carbon-intensive sectors, tracking investments from funds that report under the EU’s sustainable finance directive. Porto Business School #sustainbaility #climatechange #hedgefund #finance #stockmarket #fashion #environment Universidade do Porto

Sustainability regulations within the EU’s climate agenda are prompting consumer good companies to rethink how goods are produced, sourced, and marketed. These policies are reshaping business models in the short and long term, influencing financial strategies, operational transparency, supply chains and governance practices.    To understand how key EU sustainability regulations are driving the reinvention of consumer markets, explore PwC’s article: https://lnkd.in/e6cZc3g5  #BusinessModelReinvention #StrategyandGrowth #ReinventTheFuture #TheNewEquation PwC PwC Singapore PwC’s International Growth Practice David Wijeratne Sidharta Sircar

This sixth edition of the report summarizes the implementation of Żabka Polska's Responsibility Strategy (ESG) throughout 2023 ► https://lnkd.in/dsJBs_Bf #esg #esgreporting #esgnews #esginvesting #sustainabledevelopment

A great webinar from the Centre for Sustainable Finance: Toitū Tahua last week. Here are three key drivers of sustainability reporting from Florence Van Dyke’s talk on the importance of sustainability reporting for New Zealand businesses. 1️⃣ International Regulation Climate-related disclosures, for example, were not regulated in any country in 2021. However, today, 85% of New Zealand exports by value are destined for countries with such disclosures either proposed or in force. 2️⃣Supply Chain Pressures Multinational retailers are requiring suppliers within their supply chain to measure and report on their carbon emissions, as well as start supplying emission reduction plans that reflect science-based targets. 3️⃣Consumer Expectations Consumers want to purchase sustainable products, with more than 50% saying they’ve purchased sustainable products this year. Consumers want to see businesses take action, not just plan to act, alongside transparently reporting on their efforts. They’re not looking for perfection, they’re looking for honesty. “Acting on sustainability is of course the right thing to for the planet but it has also become a ticket to play in many of our key export markets, it's becoming an expectation from regulators, from customers, and consumers.” Definitely worth a listen if you’re curious about how the evolving sustainability landscape could impact your business. https://lnkd.in/g9SJmiSG #sustainablebusiness #climatereporting #climateaction #STBi #ESG #sustainablility #carbondisclosures

*BLOG Title: The Rise of Sustainable Practices in Global Trade* In recent years, a significant shift has been observed in the world of international trade towards sustainable practices. Businesses are increasingly recognizing the importance of adopting eco-friendly initiatives to reduce their carbon footprint and contribute to a more sustainable future. This shift is not only driven by environmental concerns but also by the growing demand from consumers for ethically sourced and environmentally conscious products. One of the key drivers behind this trend is the realization that sustainable practices are not just beneficial for the environment but also for businesses themselves. Companies that embrace sustainability in their operations often experience cost savings through reduced energy consumption, waste reduction, and improved efficiency. Moreover, adopting green initiatives can enhance a company's reputation, attract environmentally conscious consumers, and create a competitive edge in the market. The impact of technology in facilitating sustainable practices in global trade cannot be overlooked. Advancements in technology have enabled businesses to track and monitor their supply chains more effectively, ensuring transparency and accountability in sourcing practices. From blockchain technology to artificial intelligence, innovative solutions are being developed to streamline processes, reduce waste, and promote sustainability throughout the supply chain. Global Tradewave, a leading platform in international trade, has been at the forefront of promoting sustainable practices among its network of businesses. By encouraging partners to adopt eco-friendly initiatives and providing resources for sustainable sourcing, Global Tradewave is driving positive change in the industry. Through collaborations and partnerships, businesses are coming together to explore new ways to minimize their environmental impact and create a more sustainable future for global trade. In conclusion, the rise of sustainable practices in global trade signifies a positive shift towards a more environmentally conscious and socially responsible business environment. As businesses continue to embrace eco-friendly initiatives, the future of international trade looks promising with a focus on sustainability, transparency, and ethical practices. By working together and leveraging technology, companies can pave the way for a greener and more sustainable global economy. This blog aims to shed light on the growing importance of sustainable practices in global trade and inspire businesses to take proactive steps towards a more sustainable future. 🙏🏻

With the EU’s Green Deal transforming the consumer markets industry, meeting sustainability regulations is no longer just about staying compliant—it’s a strategic advantage. These policies are prompting companies to rethink how they produce, source, and market goods, opening doors to innovate and meet growing consumer demand for eco-friendly options. PwC’s latest insight shows how aligning with these new standards can enhance brand value, build resilience, and unlock growth. By investing in transparency, transforming supply chains, and developing clear sustainability strategies, companies can turn compliance into a pathway to success, positioning themselves as leaders in a greener economy. As consumer expectations evolve, now’s the time to embrace compliance as a powerful opportunity for business reinvention. Christian Wulff Claudia Buysing Damsté Read the full article here: https://lnkd.in/eyr4sHeA

I recently explored the importance of mandatory sustainability data disclosure in Singapore, and I want to share insights on how we at Holocene view this pivotal shift in environmental accountability for businesses globally. Embracing Transparency: The Evolution of Environmental Accountability in Business In an era driven by climate concerns, businesses are transforming how they operate, shifting towards greener practices and more transparent reporting of their environmental impacts. This includes a critical focus on carbon emissions, which has attracted significant attention from ClimateTech investors due to its parallels with SaaS business models. Historically, companies could obscure the environmental impacts of their operations. However, the last decade has seen a major shift towards transparency, particularly among publicly listed companies. There is now a growing mandate to disclose these impacts and report on sustainability metrics. Mechanisms Enhancing Carbon Reporting: - Country Carbon Taxes: For example, South Africa's carbon tax charges companies per tonne of CO2 emitted, encouraging reductions in carbon footprints. - Carbon Allowance Systems: The EU Emissions Trading System (ETS) allocates specific carbon limits to companies, incentivizing them to stay within these limits to avoid financial penalties. - Carbon Import Taxes: Such as the EU Carbon Border Adjustment, which taxes imported goods based on their carbon footprint to level the playing field for domestic companies. Additionally, there is an increasing requirement for companies to disclose their carbon emissions through stock exchanges and regulatory bodies, providing clear insights into the carbon footprint of investments. This transparency fosters the creation of investment products like ETFs focusing on low-emission companies. A particularly challenging yet vital development is the mandatory reporting of Scope 3 emissions, which encompasses a company’s entire value chain. This requirement necessitates innovative solutions for comprehensive carbon reporting. Opportunities and Challenges Ahead: As advocates for environmental sustainability, we recognize this shift as a significant opportunity for businesses to lead in combating climate change. Companies like Watershed, Plan A, and Normative, and in Africa, Kudoti, are pioneering sustainability solutions that allow businesses to integrate comprehensive reporting into their operations. Call to Action: The transition towards transparency and accountability represents not just a regulatory challenge but a strategic opportunity for growth and innovation in an eco-conscious market. If you're operating a company in this space or know someone who is, we'd love to hear from you and discuss potential collaborations.

🌱 Best Practices in the Green Transition for SMEs: European and Ukrainian Insights What does it take for small and medium-sized enterprises to embrace green practices? How can European success stories inspire Ukrainian businesses to transition towards sustainability? 📢 In this article, we highlight top European and Ukrainian examples of green transition in SMEs. Learn about the tools, approaches, and results that help businesses innovate and thrive while staying sustainable. ➡️ Explore the full article here: https://lnkd.in/eVuEP7zh 💡 What green practices have you adopted in your business? Let us know in the comments!

🌱 Exciting news from Singapore! 🌱 The recent Singapore Budget 2024 brings a sustainable boost for businesses! Following the recent joint announcement by ACRA - Accounting and Corporate Regulatory Authority and SGX RegCo, mandating Climate-related Disclosure (CRD) for listed and large non-listed companies, the Ministry of Trade and Industry (Singapore) unveiled a range of grants to ease the financial impact of CRD compliance. Through a #SustainabilityReportGrant, large companies (annual revenue > S$100m) can now receive coverage of up to 30% of qualifying costs, capped at S$150,000 per company, for the preparation of their first ISSB sustainability report. Meanwhile, SMEs can benefit from EnterpriseSG's initiative, which will offset 70% of eligible costs for the first year, followed by half of the costs for the subsequent two years. At Grant Thornton Singapore, as specialists in growth markets, we're dedicated to supporting SMEs in their sustainability journeys. Our tailored services, coupled with digitalisation efforts, ensure affordability and deliver crucial insights to propel your sustainability initiatives forward. Let's discuss how we can support your sustainability goals. Reach out to Chetan Hans and me today! https://lnkd.in/gJNvgw_R #Sustainability #SingaporeBudget2024 #GrantThorntonSG