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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
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
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
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.
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. […]