EU CSDDD: What It Is and How It Will Impact Your Business
As matter of facts EU CSDDD will affect companies, but how is this going to happen? Here you can find the answer
As matter of facts EU CSDDD will affect companies, but how is this going to happen? Here you can find the answer
Climate change poses significant risks to businesses around the world. Extreme weather events, such as floods, droughts, and hurricanes, can disrupt supply chains and cause widespread damage to infrastructure. Rising sea levels can threaten coastal properties and infrastructure, while increasing temperatures can impact worker health and productivity. Failure to address these risks by companies leads them to lose market share and profits, as consumers and investors demand more environmentally responsible practices.
Explore the role of ESG indicators in evaluating a company's sustainability performance, and discover how these metrics guide businesses toward sustainable practices.
Integrating ESG considerations into supply chain management is not just a moral imperative but a strategic necessity. Let’s delve into the importance of this assessment.
Environmental, Social, and Governance (ESG) strategies have gained momentum in the business world as companies have started to recognize their potential for long-term value creation. However, the growing importance of ESG has also led to increased scrutiny and pressure from stakeholders to deliver on promises of sustainable and ethical practices. In this context, ESG security plays a crucial role in safeguarding an organization's reputation, assets and investments.
If the beginning of the year 2022 has brought great innovations in the development of legislative issues concerning the financial disclosure envisaged by many companies in the process of due diligence in the area of sustainability, this is largely due to the European Union's proposal concerning the 'Corporate sustainability Due Diligence Directive', CSDDD for short, published last February 2022.
ESG criteria chart the course for sustainable transition in both the b2b world, from SMEs and large corporations to the world of finance.
The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity for people and the planet, now and into the future. At its heart are the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all countries - developed and developing - in a global partnership.
While it is true that today ESG issues—Environmental, Social, and Governance characteristics inherent in every type of business—are increasingly high on the agendas of major organizations' boards, the carbon footprint remains one of the most important concerns in the field of sustainability.
The banking sector has a transformative role to play as a catalyst and enabler of a systemic acceleration towards a more sustainable economy, with the challenging mission of rapidly inducing change in consumer, lender and investor behaviour, and perhaps more importantly, in the broader society as a whole. The Horizon 2020 Energy Efficient Mortgages Initiative (EEMI) Bauhaus model is intended to support this process and build a new methodological approach to propose a strategic harmonic roadmap to accelerate the green and social transition.