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What companies need to know about EUDR

What companies need to know about EUDR

Between 1990 and 2008, the EU’s imports were responsible for 36% of global crop-related deforestation. In response, the European Commission introduced the EU Deforestation Regulation (EUDR), a key element of the EU Green Deal. Enforced since June 29, 2023, this regulation aims to ensure that specific products consumed within the EU do not contribute to […]

Green Party Setbacks in EU Elections Raise Concerns Over Green Deal

Green Party Setbacks in EU Elections Raise Concerns Over Green Deal

In times of volatility, Corporate Sustainability Leadership guides legislation and successfully manages internal and external risks. Sustainable profitability, the rule of law, cooperation between enterprises, civil society and governments are the greatest assets to respond to the public concerns for Europe’s future. The recent European Parliament elections have drawn widespread attention, with provisional results indicating […]

Can U.S. Companies Overcome Supply Chain Challenges with New ESG and Climate Standards?

Can U.S. Companies Overcome Supply Chain Challenges with New ESG and Climate Standards

The critical importance of managing hidden risks in global supply chains has become increasingly apparent to businesses, driven by the disruptions caused by the COVID-19 pandemic, geopolitical conflicts, and natural disasters. These vulnerabilities have highlighted the pressing need for greater transparency and control, particularly in links located in emerging markets. Often, this lack of transparency […]

Part 2 of our series: Evaluating the EU’s Chemical Strategy for Sustainability

Part 2 of our series: Evaluating the EU's Chemical Strategy for Sustainability

Is it a Real Green Deal? The European Union’s ambitious Green Deal sets out to reshape the continent’s economy with a focus on sustainable practices and achieving a zero-pollution future. Integral to these efforts is the Chemicals Strategy for Sustainability (CSS), but does it truly support the overarching goals of the Green Deal? A recent […]

Part 1 of our series: The Future of Sustainability in the Chemical Sector

Part 1 of our series The Future of Sustainability in the Chemical Sector

What Sustainability Professionals need to know The chemical sector plays a pivotal role in the global economy, driving innovation and providing essential materials for various industries. However, it also faces significant environmental and social challenges. As sustainability becomes a core priority, companies in the chemical sector across Europe and the UK are increasingly adopting comprehensive […]

The Impact of European Sustainability Reporting Standards (ESRS) on non-EU Companies

European Sustainability Reporting Standards

The European Sustainability Reporting Standards (ESRS) are making waves far beyond European borders, significantly influencing the strategies and operations of companies in the US and Canada. While not directly binding, these standards wield substantial influence due to interconnected global markets and evolving stakeholder expectations. How ESRS are reshaping the business landscape across North America?   […]

2024 Sustainability Reporting Requirements for German SMEs

Sustainability Reporting Requirements for German SMEs

In the beginning of 2023, the implementation of the Act on Corporate Due Diligence for the Prevention of Human Rights Violations in Supply Chains represented a significant milestone for German businesses. It marked the first instance where German SMEs were legally required to ensure the protection of human rights throughout their international supply chains.   […]

How to Improve Your CDP Rating in the new era of a global disclosure system

CDP

Introduction: CDP and EFRAG are teaming up to accelerate the adoption of European Sustainability Reporting Standards (ESRS).  These standards, endorsed by the European Commission in July 2023. With EFRAG providing technical expertise, CDP will align its disclosure system with ESRS, offering webinars and guidance materials for over 23,000 companies. ESRS applies to around 50,000 businesses […]

5 Strategies to Anticipate and Address Future Challenges’ ‘Preparing for ESRS Reporting Standards.

ESRS

Introduction: First of all, in a recent European Parliament vote, the European Sustainability Reporting Standards (ESRS) received strong support, defeating a motion to limit their scope. These new sustainability reporting rules will apply to approximately 50,000 companies starting in January 2024, with sector-specific reporting temporarily delayed due to concerns from the private sector.     […]