The EU Taxonomy is a regulatory classification tool that helps investors, companies and financial institutions to define environmentally sustainable economic activities. It sets standardized requirements under which conditions corporate activities can be considered sustainable. The taxonomy does not ban investments in activities not labelled „green“, but it limits which ones companies and investors can claim…
After three years of Covid, people around the world are undoubtedly tired of sliding from one crisis to the next. Especially compared to the ongoing pandemic and the Ukrainian war, other global crises seem to lose importance. Experts emphasize the danger of ignoring surfacing warning signs. Besides the ongoing pandemic, supply chain disruptions, inflation, debt,…
During the last couple of years, the number of climate neutral claims for individual products or by entire organizations has risen drastically. Numerous of such claims faced legal complications and government regulations, as seen for instance in France. Companies have gone even further by claiming to become climate positive or carbon negative in the near…
Environmental protection and sustainability are becoming more and more a trend. For many companies real measures to meet sustainability criteria are getting priority. Supply Chain Due Diligence Act and the Taxonomy under ESG regulation is intended to help with this. EU Green Deal & Taxonomy To enable Europe to become “the first climate-neutral continent in…
CDP has released its 2022 questionnaire and reporting guidances for Forest, Water Security, and Climate Change. The updated scoring methodologies for all questionnaires, i.e. the exact information on how CDP scores each question, will likely be released in March. As in the previous years, CDP’s Online Response System will open in April and close by…
Sustainability and Circular Economy are not just a niche trend anymore. Well-known brands are using this consumer consciousness by producing so-called “green products” and by advertising their sustainability with an alleged circularity through various initiatives, like take-back programs, circular product design, as well as recycled -or biomaterials. But there is a lot that can go…
Rapidly rising electricity prices and shortages on the market are leading companies to increasingly secure access to their own green electricity. With the increased demand for renewable energies, interest in so-called Power Purchase Agreement (PPA) contracts is also growing. What is a Power Purchase Agreement ? Power Purchase Agreements (PPAs) are long-term electricity contracts between…
Biodiversity refers to the variety of life on earth including plants, animals, fungi and microorganisms that make up our natural world. The 2021 Global Risk Report from the World Economic Forum reports that biodiversity loss is among the environmental risks that are rapidly increasing. The main drivers of biodiversity loss are: Land use and sea…
Since calculating corporate carbon footprints (CCF) is complex, companies increasingly implement all-in-one software solutions. Such softwares promise high effectiveness but often fail. Therefore, companies are better advised with hiring experts for the CCF calculation. DFGE’s new Customer Sustainability Platform is the perfect tool for clients who aim for holistic and effective CCF calculation.
In September 2021, the EFRAG Working Group on European Sustainability Reporting Standards (PTF-ESRS) presented the Climate standard prototype working paper at its plenary meeting and subsequently published it on the EFRAG website. The working paper serves the purpose of transparency towards the public and is not a consultation document. The content of the working paper…
