How the Value Reporting Foundation (VRF) Supports Sustainable Finance—and Why It Matters for Your Business
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 out in the Paris Agreement, including limiting global warming to 1.5 degrees Celsius. This commitment […]
Benchmark Gensuite® Recognized by Gartner® as Representative Vendor of Supplier Sustainability Applications
The need for responsible sourcing and supply chain sustainability is present and quickly evolving. According to Gartner®, “Supplier sustainability applications enable organizations to collect and assess supplier performance on responsible sourcing requirements covering environmental, social and governance (ESG) issues. They provide organizations the ability to respond to a critical question: How sustainable are my suppliers?” […]
EU Taxonomy Explained: Breaking Down the 4 Criteria for Sustainability & ESG
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 in interest. Driven primarily by the rapidly escalating climate crisis, but also underpinned by concerns […]
5 Reasons Your Organization Should Adopt Sustainability Management Programs
Consumers are increasingly demanding businesses go green, which has pushed many industries to adopt sustainability management programs to increase sales and customer satisfaction. Organizations must now be able to align their operations with improved industry standards while responding to consumer demand. Benchmark Gensuite® helps companies to do just that. Recently recognized in the 2021 Green Quadrant report by Verdantix as a […]
The New Face of Investing – ROI on Sustainability Best Practices
Traditionally the fundamental driver behind stock market investment has been the assessment of the financial performance of a stock. Sustainable investing, however, is becoming a mainstream evaluation mechanism influencing investment decisions across financial markets. Investors are conscious of companies’ effect on the environment, people, and communities in which they operate. Through various engagement avenues, investors are looking to hold companies accountable to integrate sustainable business practices within their operations and be transparent about […]
Managing the 4 Elements: Environmental Regulatory Compliance & Sustainability
What is Mother Earth made of? Her composition comes from the four elements: earth, air, fire, and water. These four elements reflect recent EPA (Environmental Protection Agency) initiatives as well. The EPA introduced both the EPA’s Clean Air Act and Clean Water Act in 2016. With new regulatory rules, comes a greater need for environmental management and compliance. Particularly major powerhouses, like power plants and hydraulic fracturing companies, that need […]