As sustainability regulations gain momentum worldwide, navigating compliance and strategic alignment poses a growing challenge for organisations, as they actively incorporate sustainability into their business strategies.
This shift not only emphasises the formalisation of sustainability initiatives but also underscores the importance of enhanced communication and transparency. Understanding the intricate relationships between reporting frameworks, standards, regulations, goals, and investor-focused ratings becomes paramount for companies as they navigate the short, medium, and long-term impacts on their business activities.
CBAM is a significant step forward for the EU’s commitment to sustainable trade and a sign of the times, as businesses and governments around the world are increasingly recognising the need to take action on climate change.
CDP, formerly known as the Carbon Disclosure Project, helps organisations, such as investors, companies, cities, states, and regions, disclose their environmental impact across three topics: Climate Change, Water Security, and Forests.
The ‘Corporate Sustainability Reporting Directive’ (CSRD) is a new law governing the requirements for sustainability reporting in the EU and is a significant step up from the existing and relatively limited EU sustainability reporting requirements.
The U.S. Securities and Exchange Commission has proposed a new rule which seeks to enhance and further standardise mandatory climate change disclosures for all publically listed U.S. companies. Under the proposed climate disclosure rule, companies must provide detailed reporting of their climate-related risks, greenhouse gas (GHG) emissions (Scopes 1,2 & 3), Net Zero plans, as well as governance approaches based on these factors.
Streamlined Energy and Carbon Reporting (SECR) is a mandatory reporting scheme that requires qualifying UK companies to prepare and file energy and carbon information in their Directors’ Report.
The ‘Corporate Sustainability Reporting Directive’ (CSRD) is a new law governing the requirements for sustainability reporting in the EU and is a significant step up from the existing and relatively limited EU sustainability reporting requirements.
The European Union (EU) has started to implement the Sustainable Finance Disclosure Regulation (SFDR), which sets out rules for classifying and reporting on sustainability and ESG factors in investments. SFDR was developed to improve transparency, which helps to prevent greenwashing, as well as to direct capital towards more sustainable investments/ products and businesses.
Task Force on Climate-Related Financial Disclosures
The TCFD’s aim was to develop consistent climate-related financial risk – and opportunity – disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. The TCFD framework was adopted internationally at a rapid pace and became the backbone of climate-related disclosure.
The ‘Corporate Sustainability Reporting Directive’ (CSRD) is a new law governing the requirements for sustainability reporting in the EU and is a significant step up from the existing and relatively limited EU sustainability reporting requirements.
The German Supply Chain Due Diligence Act, known in German as the Lieferkettensorgfaltspflichtengesetz (LkSG), was published in the German Federal Law Gazette on July 22, 2021. The objective of the act is for German business to comply with due diligence obligations to improve compliance with human rights and material standards within supply chains.
Extended Producer Responsibility (EPR) is a regulatory tool that requires product manufacturers, importers and distributors to be significantly responsible for the end-of-life management of their products. As regulatory requirements vary greatly between jurisdictions and schemes, organisations often require deep subject matter expertise to help deal with the array of requirements and implementing bodies.
PFAS, or per- and polyfluoroalkyl substances, are a group of more than 12,000 synthetic chemicals that have been used in a wide range of products and industries. The current form of the proposal, published by the European Chemicals Agency (ECHA), defines most PFAS as being very persistent in the environment; Therefore, action is needed to reduce environmental emissions and make products safer for consumers.
The aim of REACH is to protect human health and the environment from the risks posed by chemicals while enhancing the competitiveness of the EU chemicals industry.
SCIP is the new database maintained by the European Chemicals Agency for information on Substances of Concern In articles as such and complex objects (Products). SCIP supports the Circular Economy in the EU by ensuring information on articles with SVHC is available throughout the whole article lifecycle, including the waste stage.
