OECD Public Governance’s Post

One of the best things about a giant gathering like #COP16 is getting to spend time with colleagues face to face. And it’s always a highlight being with the OECD Environment and Policy teams! I loved being able to share at the #WorldBiodiversitySummit2024 at COP on some of the Sustainable Finance Coalition’s work but it was made even better by this awesome bunch! The OECD - OCDE work, through the PINE Database and other critical policy and technical guidance, is pivotal to truly understanding, measuring, and reporting on Targets 18 and 19 of the KMGBF. It is never just about our lists of activities, our strategies and action plans, or our frameworks. It’s about whether they are translated into impact and that impact is measurable and attributable to what we so desperately need to achieve for nature and finance. Find out more here: www.oecd.org Policy Instruments for the Environment (PINE) is a unique database gathering both quantitative and qualitative official information on policy instruments relevant to environmental protection and natural resource management. The PINE database contains information on over 4100 policy instruments implemented in more than 130 countries globally - and notably contains critical data on subsidies and incentives. And for a tax nerd like me, information on environmentally related tax revenue of all kinds. Kumi Kitamori Juan Casado-Asensio Edward Perry Katia Karousakis Giulio Mazzone

To be effective in closing green policy gaps, energy and environmental policy must be integrated with broader policies, including economic, innovation and digital policies. During COP29, PwC will be exploring how governments can develop holistic NDC plans to drive sustainable goals whilst also powering economic growth. Read more on this topic here: https://pwc.to/3vTpyry #PwCGPS #COP29 Parul Munshi Karan Dhanwani Tristan Hockley Kevin Henry Morada Maximilian Povel Agnieszka Gajewska Yvonne Welsh Irmanda Handayani David Tran Ishleen Kaur Sethi Maurice Shawndefar Antrusha Leow Julia Ng (Xin Yu)

🚀 𝗧𝗵𝗲 𝗙𝗶𝘁 𝗳𝗼𝗿 𝟱𝟱 𝗣𝗮𝗰𝗸𝗮𝗴𝗲: 𝗔 𝗕𝗼𝗹𝗱 𝗦𝘁𝗲𝗽 𝗧𝗼𝘄𝗮𝗿𝗱𝘀 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗡𝗲𝘂𝘁𝗿𝗮𝗹𝗶𝘁𝘆 🚀 Credits to Sachin Sharma & ESG Book. Follow them for valuable content on sustainability. Original post : __________ Introduced in 2021, the Fit for 55 package is a crucial initiative aimed at advancing the European Climate Law's objectives. Here's what you need to know: - 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐆𝐨𝐚𝐥𝐬: Targets climate neutrality by 2050 and aims for a 55% reduction in net GHG emissions by #2030 compared to 1990 levels. - 𝐋𝐞𝐠𝐢𝐬𝐥𝐚𝐭𝐢𝐯𝐞 𝐑𝐞𝐯𝐢𝐬𝐢𝐨𝐧𝐬: The package includes 13 interconnected revisions to existing EU #climate and energy laws. - 𝐍𝐞𝐰 𝐏𝐫𝐨𝐩𝐨𝐬𝐚𝐥𝐬: It also introduces six new legislative proposals to further drive the climate agenda. - 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐒𝐭𝐚𝐭𝐮𝐬: All proposals, except for the Energy Taxation Directive, have been adopted or approved by both the European Parliament and the Council of the #EU. 🌍 This ambitious package represents a significant commitment by the EU towards a sustainable future. #Source: https://lnkd.in/gEuh9xD3 ESG Book __________ ♻️ Find this post useful? Feel free to share it with your network 📣 👉Follow Sustainability Infographics 📊 to learn from the industry's best visuals. #ClimateAction #Sustainability #EUClimateLaw #FitFor55 #GreenTransition #EnergyPolicy #ClimateNeutrality #GHGReduction

It's clear that to deliver impactful green policy in the long term, energy and environmental policy must be integrated with broader policies, particularly economic, innovation and digital policies. During COP29 PwC will be exploring how governments can develop holistic NDC plans to drive sustainable goals whilst also powering economic growth. Read more on this topic here: https://pwc.to/3vTpyry #PwCGPS #COP29 Daniel Earle Laura Kelly (Knowles) Zlatina Loudjeva Dan Dowling Ian P. Milborrow

As mandatory disclosure comes into force in Europe, CDP’s integrated corporate questionnaire is already substantially aligned with the European Sustainability Reporting Standards (ESRS).   By reporting through CDP, companies are well prepared to disclose on climate in line with both ESRS E1 and IFRS S2 requirements. The CDP questionnaire also covers many environmental topics that companies may need to report under the ESRS.   Discover more: https://lnkd.in/dxqcgHyh

Agreed. CDP is more than just about reporting… it’s also about aligning practice with a baseline of proven standards and providing a bit of urgently needed orientation in times of vuca.

🚨 EU’s Next Big Move in Sustainability Reporting At the 🔙 recent meeting (https://lnkd.in/epiqpXWu) of EFRAG SRB, new draft standards took center stage, this time focused on non-EU companies operating in Europe. These updates could have a major impact for businesses worldwide with an impact in the EU. Who will be required to report? 📊 Non-EU companies 🏢 with over €150M in EU revenue and an EU branch will be required (Under Article 40(a) of the new #CSRD). This opens up EU reporting obligations to a new category of global companies. What Will They Report? Non-EU businesses will be responsible for reporting on #GHGemissions and climate policies. The scope will be narrower than for EU-based companies, focusing on tangible emissions data 🚗 💨 rather than the broader set of #ESG factors. 🤔 ⚖️ Would this be fair? Non-EU companies won’t need to include financial risks&opportunities related to climate change, that are mandatory for EU companies While some welcome these practical changes, SRB members like Laurence Rivat have raised concerns, suggesting that easing requirements for non-EU companies could lead to an uneven playing field. Filip Gregor shared those concerns and questioned whether EFRAG has the legal authority to lower standards beyond what is stated in the #CSRD. 📅 The implementation timeline EFRAG’s first draft of these standards is expected In the Q1 2025 ➡️ then publicly open for feedback ➡️ adjustments ➡️ sent to the Council for approval by November 2025 ➡️ Final approval is set for 2026, as Jon McGowan wrote in his article (https://lnkd.in/eepWvYde) I'm genuinely curious to hear the public's views. What's yours?

📣🌱 This is our window to secure a #NaturePositive economy for all by 2030. With less than 100 days until #COP16, Business for Nature coalition has published a business statement outlining five high-level policy recommendations for governments to accelerate the implementation of the #Biodiversity Plan to drive corporate #Nature action. CDP was delighted to support Business for Nature to develop these recommendations, with robust environmental disclosure at their heart. The statement, endorsed by 130 businesses and financial institutions with combined revenues of $1.1 trillion, calls on governments to adopt policies to: 🌎 Make sure business and financial actors protect nature and restore degraded ecosystems 🌎 Ensure sustainable resource use and management to reduce negative environmental impacts 🌎 Value and embed nature in decision-making and disclosure 🌎 Align all financial flows to transition to a nature-positive, net zero and equitable economy 🌎 Adopt or strengthen ambitious global agreements to address key nature loss challenges It’s time for governments to create an enabling regulatory framework and put nature at the heart of decision making.

How do the different nature reporting frameworks compare? For #COP16, we've updated the great work from United Nations Environment Programme Finance Initiative (UNEP FI) and UNEP-WCMC to give you the latest on nature-related assessment and disclosure approaches! It covers: -CDP -EU CSRD/ESRS -Global Reporting Initiative (GRI) -International Sustainability Standards Board (ISSB) -Natural Capital Protocol -Science Based Targets Network (SBTN) -Taskforce on Nature-related Financial Disclosures (TNFD) It looks at coverage, requirements, phase-ins, materiality, and more! Hope you find it helpful! #nature #issb #esrs #tnfd #naturereporting #sustainability #sustainabilityreporting #csrd #biodiversity #cali #esg

To be effective in closing green policy gaps in the long term, energy and environmental policy must be integrated with broader policies, including economic, innovation and digital policies. During COP29 PwC will be exploring how governments can develop holistic NDC plans to drive sustainable goals whilst also powering economic growth. Read more on this topic here: https://pwc.to/3vTpyry #PwCGPS #COP29