Ric Fyfe’s Post

Mitie conducted a comprehensive ‘double materiality assessment’ in FY24 to determine the ESG issues we should focus on, and the expectations of our investors. This aligns with new CSRD (Corporate Sustainability Reporting Directive) legislation. From air quality and pollution to biodiversity loss, the circular economy and colleague wellbeing, our research left no stone unturned. We’re now in the process of deciding our next steps. Find out more about the 21 areas we looked into in our 2024 #ESG Report. Read more > https://ow.ly/PqET30sGWIB #MitieESGReport I #SocialValue

🌍 Exciting News from Mitie! 🌍 We are thrilled to announce the completion of our Double Materiality Assessment, a crucial step in aligning with the Corporate Sustainability Reporting Directive (CSRD). This comprehensive assessment will shape our Environmental, Social, and Governance (ESG) strategy moving forward. 🔍 Key Findings: Our Workforce: The heart of our operations, our employees’ well-being and development are paramount. Environmental Agenda: Our commitment to sustainability and reducing our environmental impact is stronger than ever. These insights will guide us in creating a more sustainable and responsible future for our company and the communities we serve. Stay tuned for more updates on our ESG initiatives! #Sustainability #ESG #CSRD #DoubleMateriality #GreenFuture #WorkforceWellbeing #EnvironmentalResponsibility

Mitie conducted a comprehensive ‘double materiality assessment’ in FY24 to determine the ESG issues we should focus on, and the expectations of our investors. This aligns with new CSRD (Corporate Sustainability Reporting Directive) legislation. From air quality and pollution to biodiversity loss, the circular economy and colleague wellbeing, our research left no stone unturned. We’re now in the process of deciding our next steps. Find out more about the 21 areas we looked into in our 2024 #ESG Report. Read more > https://hubs.ly/Q02K7nvs0 #MitieESGReport I #SocialValue

🌎The Corporate Sustainability Reporting Directive (CSRD) requires organisations to publicly disclose their climate and biodiversity impact from 2025, with standards fit for independent assurance. Many are finding it challenging to align non-financial disclosures with the strictness of financial reporting.   Finance and sustainability teams should collaborate to establish robust, well-documented processes that meet these new requirements effectively. https://lnkd.in/eyGBnhnZ   #CSRD #Sustainability #ClimateDisclosure #ESG

The news may not tell you... But good things are happening within sustainability. Here is some good news to enlighten your day: 1️⃣ The European Union has a strategy to make Europe climate-neutral by 2050 and reduce emissions by 55% by 2030. This strategy is called the EU Green Deal. 🫱🏼🫲🏼 2️⃣ The deal contains multiple initiatives and directives to promote sustainable growth, circular economy, and environmental protection across countries, sectors, and even global value chains. 🌍 3️⃣ One prominent initiative is the Corporate Sustainability Reporting Directive (CSRD), a mandated reporting guideline for companies on how to measure and report on sustainability. This will improve the consistency and comparability of information across companies in the EU and provide an actual language for what can tend to be… well… fluffy! 📄 4️⃣ While nice sustainability reports won’t change much, the process of conducting them will. Not only will companies have a baseline to work with and set targets against, they will also have to address impacts, risks, and opportunities across their value chain and engage with stakeholders negatively affected by their operations. Hence, we are moving from a shareholder to a stakeholder perspective (and, btw, nature is a stakeholder in terms of ESG!). 🫂 5️⃣ Climate change has been discussed for a long time, but did you know biodiversity is a huge part of it? This year, the Nature Restoration Law was adopted, a continent-wide law to improve biodiversity with a commitment to restore all ecosystems in need by 2050 and restore at least 20% of the EU’s land and sea areas by 2030. That is a big hurray for food security and environmental stability. 🐝   The news may not tell you... But good things are happening within sustainability - and it is so important to share them so we do not feel numb before we have even begun. #sustainability #greendeal #eu #csrd #esg #goodnews

Read our latest Crowe UK reflections on having reviewed a number of public #climate and #biodiversity #disclosures. 🌍 2025 is going to a challenging year with new regulations coming in, including #ISSB and #CSRD. Now is the time to get match fit. 💪 Read out climate fitness pointers.

The gap between financial and non-financial reporting is getting narrower than it was. In particular for organisations caught by CSRD. This means bolstering (quite substantially) the levels of testing and assurance in place to protect against the risks of misstatement. This piece by Alex Hindson and Lloyd Richards, FIA CERA CStat is a brief, but really useful summary of the some of the challenges and actions firms can take.

Learn how environmental stewardship can significantly reduce costs and mitigate risks associated with your business in our FREE online ESG Masterclass by Aubrens. “Environmental stewardship is the responsibility for environmental quality shared by all whose actions affect the environment.” This is the year sustainability develops a credible business case. As we explore how to become a more sustainable society, it is clear it can help preserve natural resources for us and ensure long-term economic prosperity. 🔹 Event: ESG Masterclass by Aubrens 🔹 Date: 27-28 June 2024 🔹 Time: 9am - 12pm GMT+8 This masterclass will equip you with fundamentals but essential strategies to integrate environmental practices that drive sustainable growth and operational efficiency. Don't let this opportunity slip by! Register now at https://lnkd.in/gDUG5pjQ #ESG #Sustainability #SocialImpact #Aubrens #ESGMasterclass #ESGIntegration #ESGroadmap #SustainableBusiness #ImpactMeasurement

Learn how environmental stewardship can significantly reduce costs and mitigate risks associated with your business in our FREE online ESG Masterclass by Aubrens. “Environmental stewardship is defined as the responsibility for environmental quality shared by all whose actions affect the environment.” This is the year sustainability develops a credible business case. As we explore how to become a more sustainable society, it is clear it not only can help preserve natural resources for us and ensure long-term economic prosperity. 🔹 Event: ESG Masterclass by Aubrens 🔹 Date: 27-28 June 2024 🔹 Time: 9am - 12pm GMT+8 This masterclass will equip you with fundamentals but essential strategies to integrate environmental practices that drive sustainable growth and operational efficiency. Jay Desan Don't let this opportunity slip by! Register now at masterclass.aubrens.com #ESG #Sustainability #SocialImpact #Aubrens #ESGMasterclass #ESGIntegration #ESGroadmap #SustainableBusiness #ImpactMeasurement