Mount Consulting’s Post

Seventy-six percent of employees and 71 percent of consumers think it’s important for companies to disclose their environmental impact, and more than two-thirds want businesses to disclose their climate-related risks, according to PwC’s 2024 Trust Survey. Companies can build trust and accelerate their sustainability goals by being upfront and transparent about how they are managing climate risks, meeting established goals and weaving sustainability into their business strategy. PwC’s Kevin O'Connell explains how. https://lnkd.in/g-WhABxj

Did you know that.... 76% of consumers say they’ll stop using companies that treat the environment, employees, or the community in which they operate poorly. Which means it is more important than ever to consider ESG requirements as part of your business strategy. Here is our WINT - Water Intelligence 9-step guide to help you craft an ESG strategy for a better future. https://lnkd.in/d9FpsCtj #ESG #Water #WaterSustainability #Sustainability #WaterManagement

Why is it important for organisations to prioritise ESG? Compliance with ESG regulations requires effort from all parts of the business. And laying the groundwork now will build a foundation for future rules. Read this article via TechTarget to learn more 👉 https://bit.ly/42HpmI5 #esg #sustainability #esgregulations

Are you and your organisation on top of CSRD reporting obligations for FY24/FY25? Considering or in the process of conducting a double materiality assessment? Find out below which 5 pitfalls you should avoid. If you're in Ireland and looking for advice on how to conduct this process, feel free to reach out, to find out how the EY Ireland Climate Change and Sustainability Services Team can help. https://lnkd.in/e2UmMfeg #sustainability #esgreporting #csrd

The Commission has worked with international standard setters to ensure that the European Sustainability Reporting Standards (ESRS) have a high degree of alignment with international ones.   EFRAG and the International Sustainability Standards Board (ISSB) have today published joint guidance on the interoperability between the European and international standards, with a particular focus on climate reporting. This guidance shows that EU companies reporting under European standards can comply with the global ones with minimal additional effort, reflecting the Commission’s commitment to minimising the reporting burden on companies.  Mairead McGuinness, Commissioner for Financial Services, Financial Stability and Capital Markets Union, said: “Climate change is a global challenge. I welcome today’s guidance that recognises the Commission’s sensible approach to sustainability reporting, and a commitment to ensuring a very high degree of alignment between EU and international sustainability reporting standards. It is important that reporting frameworks in different jurisdictions are interoperable with each other to reduce the reporting burden for EU companies.” The first companies in the scope of the Corporate Sustainability Reporting Directive (CSRD) will report against the ESRS in 2025 for financial year 2024.   You can have a look at the guidance here: https://lnkd.in/gTuk5TJj 

We recently conducted a poll to see what ESG issues you wanted more information about. One of the top issues was ‘how to create an ESG policy’. Here’s our top tips to create an ESG policy for your organisation (that won’t leave you wanting to lie in a darkened room for the rest of the week): 1.   Audit your current ESG practices ·        What activities do you currently undertake, if any. ·        Do you have a waste policy or other environmental policies already? 2.   Set your ESG goals ·        Be realistic ·        Set a deadline ·        Liaise with everyone in the organisation to set these. E.g. One of Microsoft’s ESG goals is to be carbon negative by 2030 and to remove their historical emissions since their founding 1975 by 2050. 3. Monitor and improve ·        Make sure you know how you will monitor your progress ·        Regularly review your activities and find ways of improving (and cutting your costs). Your organisation is probably already doing things right now that are helping the environment. ESG doesn’t have to be complicated. If you want practical and expert help to create an ESG policy, let’s have a chat. DM me with the word 'ESG'. #ESG #CorporateResponsibility #EnvironmentalCompliance

The European Union’s Corporate Sustainability Reporting Directive (CSRD) now mandates a ‘double materiality’ assessment, revolutionizing ESG reporting by requiring companies to evaluate both financial and societal impacts on the environment. This dual approach, highlighted by Torolf Hamm, Senior Director in the Climate Practice at WTW, aims to deepen corporate understanding of their environmental footprint and its reciprocal effects on financial health. Read more at: https://lnkd.in/gkEE4khJ #EU #SenecaESG #ESG #doublemateriality

"Global Sustainable Reporting 🌎💚   In the contemporary corporate landscape, sustainable reporting is pivotal in demonstrating businesses’ commitment to environmental, social, and governance (ESG) principles. Several frameworks have emerged as the gold standard for sustainable reporting, including the Global Reporting Initiative (GRI), Business Reporting on the Sustainable Development Goals (BRASR), Carbon Disclosure Project (CDP), Science-Based Targets Initiative (SBTi), Task Force on Climate-related Financial Disclosures (TCFD), and the Brazilian Corporate Sustainability Index (BRSR). The Global Reporting Initiative (GRI) is one of the most widely used frameworks globally, providing comprehensive guidance for sustainability reporting. BRASR, on the other hand, focuses specifically on aligning corporate reporting with the Sustainable Development Goals (SDGs) outlined by the United Nations, thereby amplifying the impact of business practices on global sustainability. The Carbon Disclosure Project (CDP) lets companies disclose their environmental impact transparently, empowering stakeholders to make informed decisions. The Science-Based Targets Initiative (SBTi) assists companies in setting emissions reduction targets in line with climate science, fostering a tangible contribution to climate change mitigation efforts. The Task Force on Climate-related Financial Disclosures (TCFD) provides recommendations for voluntary climate-related financial risk disclosures, helping businesses navigate the financial risks associated with climate change. Lastly, the Brazilian Corporate Sustainability Index (BRSR) is an initiative that promotes sustainable business practices in Brazil, driving positive environmental and social change nationally. Embracing these frameworks not only enhances transparency but also fosters responsible business practices, thereby contributing to a more sustainable future for all."🌿🤝 #SustainabilityAwareness #SDGs #ESG #GRI #BRASR #SBTI #CDP #TCFD #BRSR - By Dr. Alok Kumar Khore in the presence of Dr. Ajay Ojha, Dr. Prasad Pawar & Mr. Aniket Kadam Techknowgreen Solutions Limited.

2024 will be a landmark year for ESG disclosures by public companies. However, If you're privately-owned, climate action might be the last thing on your mind. Like it or not, requirements around integrating sustainable business practices are coming for private companies. It's inevitable. Whether it be regulatory or investor-driven pressure, you can't escape it. Personally, I shy away from businesses if I don't know what their ethics are (not to mention if I disagree with them), and people who share my views are growing each and every day. Climate action is not only good for the environment - it's good for your bottom line! https://lnkd.in/gPEyPmdK

Even though new climate disclosure regulations have yet to take effect in North Carolina, businesses should begin preparing for the implementation of new ESG rules now. My Deloitte colleague Kate Wiese and I discuss in our latest article for Charlotte Business Journal the key climate-related disclosure requirements from the SEC, California, and the EU that North Carolina businesses should be aware of when it comes to their ESG reporting practices. Key points include: SEC’s mandatory climate disclosures and other ESG regulatory requirements that will impact reporting processes Steps businesses can take to ensure compliance before climate disclosure regulations take effect Insights from Deloitte’s 2024 Sustainability Action Report Check out the article for more details and see how your business can navigate these changes. Read the full article here: https://lnkd.in/e8V_r7w2 #ESG #Sustainability #ClimateChange #Deloitte #CharlotteBusinessJournal