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As companies increasingly prioritize sustainability, they are now requiring their suppliers to provide detailed data on environmental metrics, especially greenhouse gas (GHG) emissions. This trend is driven by major corporations like Amazon, that recently informed its supply chain standards to provide regular reporting and alignment to it’s emission goal. This shift towards mandatory disclosures marks […]
Greenhouse gases (GHGs) are gases in the Earth’s atmosphere that trap heat, contributing to the greenhouse effect and global warming. The primary GHGs include carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), and fluorinated gases. Human activities, such as burning fossil fuels, industrial processes, and agricultural practices, significantly increase the concentration of these gases, leading […]
Welcome to the third installment of our series on the European Sustainability Reporting Standards (ESRS) and the Corporate Sustainability Reporting Directive (CSRD). This article focuses on the governance reporting component, specifically ESRS G1, which is a critical part of corporate sustainability. Governance reporting is an interactive and iterative process, and arguably the most important element, […]
As we continue our series on the European Sustainability Reporting Standards (ESRS) and the Corporate Sustainability Reporting Directive (CSRD), we shift our focus to the social reporting components, specifically ESRS S1 to ESRS S4. These standards are crucial for companies to disclose their social impacts, ensuring they contribute positively to the well-being of their employees, […]
As part of our new series on the European Sustainability Reporting Standards (ESRS) and the Corporate Sustainability Reporting Directive (CSRD), we dive into the intricate components of these regulations. Our inaugural article focuses on the environmental reporting aspect, specifically covering ESRS E1 to ESRS E5, which outline detailed requirements for companies to disclose their environmental […]
In a decisive move to enhance corporate accountability, the European Union Parliament has approved the Corporate Sustainability Due Diligence Directive (CS3D) this week. This landmark legislation sets stringent requirements for companies to address their environmental and social impacts, marking a significant step towards sustainable business practices across Europe and beyond. What is the CS3D Legislation? […]
What is a Taxonomy? A taxonomy is a systematic framework used to classify and organize concepts, objects, or entities based on their relationships and characteristics. Originating from biological sciences where it was used to categorize living organisms, the concept of taxonomy has been widely adopted in various fields, including information technology, education, and sustainability. By […]
EU Parliament Passes Groundbreaking Corporate Sustainability Law In a significant move toward enhancing corporate accountability, the European Union Parliament officially adopted the Corporate Sustainability Due Diligence Directive (CS3D) on April 24. This landmark legislation requires companies, both within the EU and globally, that meet specific criteria to engage in comprehensive due diligence processes focusing on […]
Sustainability is a broad discipline that encompasses various strategies and practices aimed at meeting the needs of the present without compromising the ability of future generations to meet their own needs. The concept integrates three core elements: environmental, economic, and social—often referred to as the three pillars of sustainability. Environmental sustainability involves managing natural resources […]
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