The final version of the Voluntary Standard for non-listed Small and Medium Enterprises (VSME) On December 17, 2024, EFRAG published the final VSME (Voluntary Standard for SMEs) to the European Commission. This marks the conclusion of an extensive consultation process that took place. The aim of this voluntary standard is to provide critical support to…
Die finale Version des freiwilligen Standards für nicht-börsennotierte kleine und mittlere Unternehmen (VSME) Am 17. Dezember 2024 hat die European Financial Reporting Advisory Group (EFRAG) die finale Version des freiwilligen Standards für kleine und mittlere Unternehmen (VSME) der Europäischen Kommission vorgelegt. Damit wurde ein umfassender Konsultationsprozess erfolgreich abgeschlossen. Ziel dieses freiwilligen Standards ist es, Mikro-,…
Results & Key Findings of COP29 The 29th session of the Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC) concluded with some interesting outcomes. Held in Baku, Azerbaijan, COP29 focused on increasing climate finance, operationalizing carbon markets, and enhancing global cooperation to address climate change. New Global Climate…
The first international standard for certifying greenhouse gas (GHG) neutral organizations and products, ISO 14068-1, was published in November 2023. As part of the ISO 14060 family, this standard builds on existing guidelines for GHG quantification, reporting, validation, and verification. ISO 14068-1 provides a comprehensive framework for achieving carbon neutrality, offering clear definitions, principles, and…
In 2024, the Science-based Targets for Nature (SBTN) made significant strides to assist companies and cities in setting Science-based Targets (SBTs) for nature conservation. A key development was the appointment of the Global Commons Alliance Accountability Accelerator (GCAAA) as the interim validation provider for these targets. This marks a new milestone in sustainable business practices…
Looking for a Quick CDP Support? Choose DFGE! As the CDP deadline approaches, many companies are once again being asked by investors and customers to participate in this year’s CDP Climate Change Program. Responses need to be entered into CDP’s updated platform by September 18, 2024. CDP faces respondents with significant changes this year. They integrated the…
Background The European Union (EU) has emerged as one of the global leader in climate policy, driven by the urgency of addressing climate change and transitioning towards a sustainable future. In the context of climate change, the Corporate Sustainability Reporting Directive (CSRD) represents one key element in the EU’s regulatory approach to integrating climate-related disclosures into…
CSRD-compliant towards NetZero A viable climate strategy and its concrete implementation is an indispensable prerequisite for companies to survive in the market in the medium and long term. However, measurable targets and specific measures to achieve climate targets will also become a legal obligation when the Corporate Sustainability Reporting Directive (CSRD) comes into force. The…
Reduction of the Carbon Footprint by concrete measures The basis of any corporate climate strategy is the understanding of the company’s current carbon footprint (Corporate Carbon Footprint – CCF), i.e. the amount of CO2 emissions the company is currently emitting in each emission category. Greenhouse gas (GHG) emissions consist of Scope 1 emissions (direct emissions,…
In a world where sustainability is not just a buzzword but a critical imperative, organizations face mounting pressure to transparently disclose their environmental impacts and efforts to mitigate climate change. CDP has long been at the forefront of this movement, providing a platform for companies to measure, manage, and disclose their environmental data. Now, in…
