The recently released Corporate Sustainability Reporting Directive (CSRD) legislation has not just thrown a rock into the sustainability pond, it’s thrown an entire quarry. Recent research from the consultancy SB+CO highlighted some of the teething issues the CSRD is experiencing...
Summary: This article explores the evolving nature of sustainability regulation, and how UK and EU businesses can ready themselves for major reporting requirements such as the Corporate Sustainability Reporting Directive (CSRD). It offers insights into how to grapple with sustainability...
(This blog post was originally published on April 6, 2023 and has been updated.) Based in the United States and think European Union Sustainability and ESG regulations do not apply? Think again. Whether by incentive, obligation, or an influence like...
British companies cannot ignore reporting requirements of the Corporate Sustainability Reporting Directive (CSRD), even if they meet the UK Companies Act non-financial disclosure criteria. From 2025, UK-based companies operating in Europe that meet specific criteria, such as having listed securities...
Founded in 1997 in response to the Exxon Valdez oil spill (then the biggest oil spill the United States had ever seen), the Global Reporting Initiative (GRI) aimed to create a standard for environmental accounting and reporting, and to measure...
The voluntary frameworks and legislative instruments that currently guide ESG disclosures are in a state of rapid evolution. Companies that have undertaken sustainability reporting or ESG disclosure will be uncomfortably familiar with the plethora of organizations and standards available, along...
Some recent news has highlighted the difference between sustainability and ESG, terms that are sometimes equated erroneously. Bloomberg has suggested that the rapidly growing ESG rating business is more about the financial sustainability and viability of the companies rather than...
A most noteworthy takeaway of the recently completed COP26 event in Glasgow was the announcement on “Finance Day” that nearly 500 global financial services firms agreed to align $130 trillion—some 40% of the world’s financial assets—with the climate goals set...
A small group of practitioners have been working on the concept of green accounting for decades, arguing that only by placing a tangible, financial value on the environment can we properly manage and protect it. Critics argue that we need...
European Union Taxonomy – A New Driver for Sustainability and ESG While the concept of Environmental, Social, and Governance (ESG) value has been discussed in the financial community for several decades, the last 12-18 months has seen an explosive growth...