The #ISSB confirmed new #IFRS standards for disclosing sustainability & climate-related financial disclosures will go into effect in Jan 2024 after the balloting process. #ESG Managers, get ready! Voluntary adoption likely from 2025
#Sustainability 🌍🌿💰
https://www.edie.net/issb-to-launch-first-two-sustainability-standards-by-june/
The International Sustainability Standards Board (ISSB) has confirmed that it will issue its first two finalised frameworks by the end of June, with an expectation that the first corporate reports aligned with these frameworks will be issued in 2025.
Global economy consumes >100bn tonnes of raw materials & discards 90bn tonnes as waste 😱 By 2050, demand will double! 🌍
The “take-make-waste” linear model of economic expansion is unsustainable, not only on environmental terms, but also from an economic security and inclusion dimension.
World Bank's report on Europe's #CircularEconomy proposes solutions for a sustainable future 🌱 #ESG #Sustainability
📖Read here: https://www.worldbank.org/en/region/eca/publication/squaring-circle-europe-circular-economy-transition
This is the World Bank’s first comprehensive report providing an assessment of the problem and proposing solutions to decouple growth from material consumption. The report examines the EU's experience in furthering the circular economy agenda to elicit lessons that can benefit countries within and beyond Europe’s borders.
🍃ATTN ESG and Sustainability leaders and teams!🌱
Confused by the mountain of standards and lack of processes to follow?
The Partners of IMP have launched a new system map that helps corporates and investors get organized around the standards out there.
This system map not only outlines the standards, disclosures, and impact frameworks but maps them across the journey in 3 areas:
👷Practice
📃Disclosures
📊Benchmarking
This is an interesting view that could unlock analysis paralysis and help leaders and teams organize effectively around #ESG and #Sustainability topics!
Are Companies Actually Greener—or Are They All Talk?
1️⃣ #ESG reports have become increasingly common amongst S&P 500 companies
2️⃣ Voluntary ESG reports are still important, even though regulation is on the horizon.
3️⃣ It can be difficult to distinguish meaningful reports from marketing ploys.
4️⃣ Companies need to bring in more people with experience in social good, #governance, and public policy to ensure they are not engaging in #greenwashing
https://hbswk.hbs.edu/item/are-companies-actually-greener-or-are-they-all-talk-esg-greenwashing
More companies than ever use ESG reports to showcase their social consciousness. But are these disclosures meaningful or just marketing? Research by Ethan Rouen delves into the murky world of voluntary reporting and offers advice for investors.
Are Companies Actually Greener—or Are They All Talk?
1️⃣ #ESG reports have become increasingly common amongst S&P 500 companies
2️⃣ Voluntary ESG reports are still important, even though regulation is on the horizon.
3️⃣ It can be difficult to distinguish meaningful reports from marketing ploys.
4️⃣ Companies need to bring in more people with experience in social good, #governance, and public policy to ensure they are not engaging in #greenwashing
https://hbswk.hbs.edu/item/are-companies-actually-greener-or-are-they-all-talk-esg-greenwashing
More companies than ever use ESG reports to showcase their social consciousness. But are these disclosures meaningful or just marketing? Research by Ethan Rouen delves into the murky world of voluntary reporting and offers advice for investors.
🌎 Here's an interesting report by @AccentureStrat and @globalcompact describing:
- Most common attitudes that #CEOs have towards #sustainability
- How they deal with interlinked global challenges & navigate new levels of uncertainty