Double Materiality Elevating Sustainability Reporting under CSRD
As businesses prepare to meet the European Union’s Corporate Sustainability Reporting Directive (CSRD) requirements, one concept has taken center stage: double materiality. This approach is pivotal for organizations to understand, prioritize, and report on their ESG impacts while addressing financial risks and opportunities. But what exactly does double materiality entail, and how can companies ensure […]
4 Essential Steps for CSRD Implementation
The European Union’s Corporate Sustainability Reporting Directive (CSRD) marks a significant evolution in sustainability reporting, mandating companies to provide comprehensive insights into their environmental, social, and governance (ESG) impacts. The Center for Sustainability and Excellence (CSE), for more than 19 years, has been helping professionals advance their careers through our certified live, online and group […]
Why Training on CSRD Is Important for Various Departments
Training on the Corporate Sustainability Reporting Directive (CSRD) is crucial for ensuring compliance and leveraging sustainability as a strategic advantage. CSE has an ambitious agenda for 2025, aiming to continue driving corporate sustainability on a global scale. We are closing 2024 on a high note by introducing the third cohort of CSE’s Advanced Certified Sustainability […]
Why Invest in GRI Standards for Sustainable Performance?
In an era where transparency and accountability are paramount, businesses are under pressure to disclose their environmental, social, and governance (ESG) practices with clarity and precision. The Global Reporting Initiative (GRI) Standards have emerged as a leading framework for companies seeking to enhance their sustainability reporting and strengthen their corporate accountability. This blog explores the […]
West Coast – Diversity and Inclusion: The Overlooked ‘S’ in ESG
Thus, When we discuss Environmental, Social, and Governance (ESG) frameworks, attention often centers on environmental issues and governance structures. Yet, the ‘S’—the social component of ESG—is equally crucial, particularly in Diversity, Equity, and Inclusion (DEI). For West Coast companies that lead in innovation, DEI offers a way to strengthen their ESG efforts by creating inclusive […]
Navigating ESG Reporting Challenges in 2024: Key Insights and Strategies for Success
Companies face mounting pressure to demonstrate transparency and commitment to sustainability but also encounter significant hurdles in the ESG reporting landscape. What are the top ESG reporting challenges for 2024? Which companies must be particularly vigilant, and which strategies overcome the obstacles? Top ESG Reporting Challenges in 2024 1. The Data Gap The Problem: Many […]
The Evolving Landscape of ESG Factors in North America: From Regulation to Responsibility
The increasing prominence of ESG factors in North America reflects a broader shift towards more sustainable and responsible business practices, driven by a combination of regulatory changes, investor demands, consumer preferences, and industry-specific trends. Governments in the United States and Canada have introduced policies promoting ESG considerations, particularly focused on climate change and emissions reduction. […]
Which ESG-related criteria influence investment decisions?
Environmental, Social, and Governance (ESG) criteria have gained significant importance in influencing investment decisions as investors increasingly recognize the potential impact of non-financial factors on the long-term sustainability and performance of companies. However, while investment based on environmental, social, and governance (ESG) criteria has gained popularity, the actual amount of assets under management (AUM) […]
The Future of Sustainability Reporting
Since the consolidation of SASB and TCFD under the International Financial Reporting Standards (IFRS), these standards, along with GRI, are forming the baseline for non-financial disclosures. SASB and GRI already garner the most popularity for impact reporting, but critics argue that even if these standards were adopted by all organizations and they were able to […]
How can SASB guidelines contribute to a global Sustainability Standard?
The Sustainability Accounting Standards Board (SASB) has experienced tremendous growth since its founding just over a decade ago. Over half of the S&P Global 1200 are now using SASB standards within their reporting frameworks – signaling massive adoption on a grand scale. From 2019-2020, SASB reports grew 375% and another 215% from 2020-2021. […]