Tag: Greenomy

Carbon accounting is a method of calculating the amount of greenhouse gases (GHGs) an organisation emits, whether it is directly or indirectly. Through this, companies are better placed to understand the climate impact and establish goals on how they can reduce it. As the number of ESG regulations continues to increase, carbon accounting could become an increasingly vital part of meeting compliance.

In the evolving landscape of corporate governance, sustainability reporting has transitioned from a regulatory requirement to a cornerstone of strategic business planning.

Effective stakeholder engagement is vital for adhering to the EU’s Corporate Sustainability Reporting Directive (CSRD).

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.

On January 5th, 2023, the CRSD was introduced, superseding the NFRD and expanding its reporting requirements.

An ESG reporting strategy is paramount in managing the intricacies of frameworks like the CSRD, EU Taxonomy, and SFDR.

The Corporate Sustainability Reporting Directive (CSRD) represents a significant shift in corporate governance, requiring over 50,000 companies to disclose their sustainability practices transparently. This initiative aims to integrate sustainability into the strategic core of businesses, enhancing transparency across the European Union.

SIX, a key player in the financial services industry, has linked with Greenomy, a leading provider of sustainability software solutions.

After two years of EU Taxonomy reporting, Greenomy's Sustainability and ESG data experts have embarked on an in-depth review, focusing specifically on the construction and real estate sectors. This first sectoral analysis aims to illuminate the practical application of the EU Taxonomy, guiding companies towards the goal of carbon neutrality by 2050.

FinTech Global discussed with Alexander Stevens, CEO of Greenomy, a developer of ESG and sustainability reporting software, the major ESG trends of 2023 and his predictions for 2024.