Beyond regulatory compliance, ESG supply chain initiatives do deliver tangible business benefits, enhancing ESG performance and contributing to sustainable corporate growth. However, companies must also address substantial supply chain ESG risks, as sustainability challenges are projected to cost global companies $120 billion by 2026.
Can companies outside the threshold after the Omnibus Proposal committing to sustainability with voluntary reporting still stand out while staying competitive? Numerous organizations have been reporting voluntarily, using frameworks like EFRAG, which help them face the market pressures and demonstrate sustainability leadership.
Double materiality assessment offers a complete dual-lens approach that measures both sustainability issues’ financial effects and their influence on society and the environment. Companies need to assess each sustainability matter’s effects, risks, and opportunities and understand how their activities affect people and the environment, as well as how sustainability issues can affect them financially.
It’s the beginning of 2025 and companies have to face the challenging process of reporting on multiple metrics and targets as compulsory ESG has come up globally.
What does truly drive the ESG investing backlash? Looking at market dynamics, key drivers, and future implications, we explore how this investment approach continues to evolve despite mounting challenges.
As professionals delve into the essence of CSRD and its intended purpose, we unveil the major changes and their broader impact on EU companies. Businesses need to make strategic preparations and comply with this regulatory evolution, emphasizing the shift towards more integrated financial and non-financial disclosures.
Rigorous ESG reporting has taken over conventional compliance models. Regulations, stakeholder demands, and technical revolutions must sync for the ESG field to be distinct. To remain relevant in the emerging sustainable economy, companies must make significant progress in advanced solutions and cutting-edge technology.
As climate change accelerates and stakeholder demands for transparency and responsibility grow, AI and ESG are becoming essential tools for improving ESG performance, managing risk, and innovating sustainability strategies. This merger improves data collection and analysis and aligns corporate objectives with global environmental goals.
The European Parliament’s legislative push against greenwashing is reshaping business practices for the better, ensuring that sustainability claims are both meaningful and verified.
EcoSkills and KnowESG join forces to revolutionize sustainability education. Read up on our partnership, exploring the KnowESG Sustainability Hub and its invaluable resources.
