
CBAM Regulation: A Short Guide to Better Understand It
What’s CBAM Regulation and how is it going to be applied to importers and exporters? Find out how this mechanism will transform global trade.
Policymakers in Europe, the United States, and Asia have embraced policies aimed at providing more transparency in environmental performance.
In this context, it will be crucial for anyone doing business to adapt their strategies to the new directives, outlining goals for future sustainability, and turning them into an opportunity to differentiate and improve the appeal to clients, stakeholders, and investors.
What’s CBAM Regulation and how is it going to be applied to importers and exporters? Find out how this mechanism will transform global trade.
Learn about CSRD reporting, a critical directive shaping corporate sustainability reporting in the EU, including its requirements and impact on businesses.
As matter of facts EU CSDDD will affect companies, but how is this going to happen? Here you can find the answer
We are glad to announce that the European Commission has officially adopted the European Sustainability Reporting Standards (ESRS) as of July 31st, 2023.
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.
Sustainability reporting has become one of the most relevant practices for organizations willing to prove their value to stakeholders also through their commitment to ESG considerations and environmental issues. With the advent of European Regulatory acts such as CSRD and CSDDD, choosing the right reporting framework and standard has become a key point of corporate sustainability strategy. In this context, there are several sustainability reporting frameworks available to executives, including a few that have become widely used and are backed by international organizations. It is a rapidly evolving set of choices, as an analysis by the Harvard Business review has pointed out. Although ESRS and EFRAG reporting standard are mandatory to report under these Regulations, GRI standards still holds the ground internationally as a voluntary reporting standard for companies outside of Europe. Designed to be an easy-to-use modular set, GRI deliver an inclusive picture of an organization's material topics, their related impacts and how they are managed.
In the early days of sustainability, many companies viewed it as a regulatory compliance issue. Businesses would do the minimum required to meet environmental standards and then move on, without giving much thought to how sustainability might actually benefit their operations.
GRI (Global Reporting Initiative) is the independent, international organization that helps businesses and other organizations take responsibility for their impacts, by providing them with the global common language to communicate those impacts. It provides the world’s most widely used standards for sustainability reporting – the GRI Standards.
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.
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.