It is now rare for a week to pass without at least one regulator issuing new guidance or updates related to environmental, social, and governance (ESG). For instance, the UK’s Financial Conduct Authority (FCA) has just introduced temporary measures for firms involved in sustainable investment as part of its broader SDR and investment labels regime. The changes...Read More
FinTech Global has officially released its ESGFinTech100 list, marking its third consecutive year outlining the movers and shakers in ESGFinTech. The list brings attention to some of the companies seeking to help financial services firms transform their sustainability offerings and drive greater growth in the green finance sector. There is a growing urgency for sustainability...Read More
The CSRD aims to elevate and standardise sustainability disclosures for companies both within and outside the EU that operate across Europe. According to Greenomy, this directive expands the scope beyond the former Non-Financial Reporting Directive (NFRD) and introduces stringent compliance requirements governed by the European Sustainability Reporting Standards (ESRS). These standards require detailed reporting across a...Read More
ESG reporting is undergoing a transformation, evolving from a regulatory necessity to a significant driver of business innovation and competitiveness. According to Position Green, companies that are quick to adapt to this shift are likely to enjoy sustained success. While the transition may involve initial hurdles like the increased costs of data collection and evaluation, viewing...Read More
Effective stakeholder engagement is vital for adhering to the EU’s Corporate Sustainability Reporting Directive (CSRD). According to Greenomy, a corporate sustainability manager overseeing CSRD reporting greatly benefits from involving those with relevant knowledge and cooperating with all participants in the process. The success of the CSRD Double Materiality Assessment (DMA) and the overall sustainability strategy relies...Read More
Implementing the Corporate Sustainability Reporting Directive (CSRD) introduces several key terms critical to modern sustainability reporting. According to Greenomy, among these, Double Materiality Assessment (DMA), Impacts, Risks, and Opportunities (IROs), European Sustainability Reporting Standards (ESRS), and Gap Analysis are pivotal. IROs are especially central to the DMA within the CSRD framework, aiding in understanding both how...Read More
While environmental, social, and governance (ESG) have quickly become important factors in discussions about innovation, is the sector growing quickly enough in the FinTech world? While the importance of the ESG sector shouldn’t be measured by its market value, it is a good indicator of how much importance firms are putting on it. To that...Read More
The Corporate Sustainability Reporting Directive (CSRD) was introduced in Europe at the beginning of the year. It replaced the Non-Financial Reporting Directive (NFRD) and bolstered the scope of reporting, with the aim of enhancing transparency and comparability of ESG data across the EU so stakeholders can easily evaluate the sustainability performance of companies. One of...Read More
The Corporate Sustainability Due Diligence Directive (CSDDD) is poised to reshape the European corporate landscape significantly. According to Position Green, set to be enforced 20 days following its announcement in the Official Journal of the European Union, Member States are tasked with embedding the Directive into national legislation within two years. Companies will then have a...Read More
On January 5th, 2023, the CRSD was introduced, superseding the Non-Financial Reporting Directive (NFRD) and expanding its reporting requirements. According to Greenomy, this directive aims to improve the transparency and comparability of ESG data across the EU, facilitating better sustainability assessments of companies by investors and other stakeholders. The CSRD brings forth several new elements to...Read More
