European Sustainability Reporting Standards (ESRS)
We are glad to announce that the European Commission has officially adopted the European Sustainability Reporting Standards (ESRS) as of July 31st, 2023.
We are glad to announce that the European Commission has officially adopted the European Sustainability Reporting Standards (ESRS) as of July 31st, 2023.
ESG reporting is becoming increasingly important for companies considering the growing focus on sustainability involving all stakeholders, from regulators, to businesses, to financial institutions and consumers.
Explore how sustainable procurement balances economic performance with environmental and social responsibility and discover its role in driving growth, reducing emissions, and building resilient, ethical supply chains.
ESG factors have become crucial in attracting investors, retaining customers and maintaining a positive reputation. In this article, we will explore the importance of ESG performance and discuss why it's essential for your business to prioritize it.
Sustainability has become a key topic even for financial institutions, such as banks and insurance companies. Sustainability regulations, in fact, also require these entities to estimate and report risks related to ESG (Environmental, Social, and Governance) issues.
ESG (Environmental, Social, and Governance) ratings have become a critical measure of a company's sustainability and ethical practices. An ESG rating measures a company’s exposure to long-term ESG risks, providing investors, stakeholders, and consumers with a way to evaluate a company's performance based on ESG criteria. With the thriving of ESG ratings such as Bloomberg, it has become imperative for companies to measure their impacts and ESG performances through the most effective KPIs choices.
Companies are increasingly expected to demonstrate responsible environmental practices and transparency in their operations to comply with regulations and stakeholders’ increasing requests. Environmental Regulations and Standards encompass a wide range of areas, including emissions control, waste management, resource conservation, and pollution prevention.
To remain competitive in increasingly volatile markets, a company must be able to evolve over time, responding to consumer and workforce needs and offering products and services in line with market paradigms.
The increasing attention given to sustainability issues by regulators, investors, consumers, and many other stakeholders has transformed a company’s ESG performance into a strategic lever for its competitiveness. The benefits of measuring and improving one's ESG performance encompass many aspects: from increased financial stability, to improved brand reputation, to access funding opportunities and projects reserved only for companies that show good ESG performance. Benefits that are as relevant to large companies as they are to SMEs. Despite this, when it comes to ESG performance, companies still encounter several problems concerning metrics and governance.
Sustainability has become a major factor affecting businesses around the world. Through the three dimensions of the Environmental, Social and Governance framework, sustainability has been incorporated into the business activity of many companies and has become an important factor affecting financial decisions. In this context, ESG risks can have a significant impact on the long-term financial performance and reputation of companies.