„CO2 offsetting is greenwashing“ is a common reproach. Critics complain that companies hold on to their environmentally harmful business – and offset CO2 to give themselves the green image of „climate neutrality“. What does “greenwashing” mean? Is the criticism justified? And how does the DFGE clearly distance itself from greenwashing? Greenwashing: the creation of a…
Mandatory Carbon Footprint as a Part of the New Strategic Approach for Sustainable Life Cycles of Batteries By taking a look at possible future scenarios, batteries are inevitable in numerous use cases. In our daily lives at home, we use batteries in smartphones, in our living rooms or remote controls and kitchen equipment. As a…
Growing pressures from governments, as seen through i.e. the ‘Paris Climate Agreement’ have led to the implementation more holistic and serious climate strategies across businesses. This awareness increase was partially driven by the assessment published by the Intergovernmental Panel on Climate Change (IPCC), which included scientific evidence on the existence of climate change and established…
Companies that are seriously dealing with the topics of climate change and sustainability will sooner or later need to re-launch their business model. When all “low-hanging fruits” are picked a company has no choice but to dig deeper and find more ways to fulfil their climate goals, implement their climate strategy and complete their reduction…
DFGE published this article on 16 June 2021. Since the CSRD is subject to ongoing changes, check here for the latest status and learn everything you need to know. After the European Parliament’s 2018 call to action to further develop the scope of the existing Non-Financial Reporting Directive (NFRD), the European Commission has now (on…
World Environment Day is the United Nations day for encouraging worldwide awareness and action to protect our environment. Since it began in 1974, the event has grown to become a global platform for public outreach. The theme for 2021 is “Ecosystem Restoration”.
Environmental, social and governance (ESG) risks are found in corporate practice in many ways, for example forest and bush fires in Australia, social unrest in other countries caused by lack of opportunity and perspective, and the changing role of corporations. With the global pandemic, the differences between the various social classes in terms of equal…
Climate-oriented adaptation is becoming increasingly important for the financial sector. At the same time, it poses challenges for most sectors. For example, there is no single agreed decarbonisation pathway, the methodologies for tracking alignment are unclear, and this is further compounded by the poor quality of the underlying data. In addition, pioneering financial institutions face…
Every year on April 22, the World Earth Day is celebrated. This year’s motto „Restore our earth“ aims at emphasizing the potential of natural systems, developing green technologies, and innovative ideas that can revive the world’s ecosystems.
Science Based Targets (SBTs) are reduction targets calculated on a scientific basis to ensure global warming from the pre-industrial era is limited to well below 2°C, ideally 1.5°C. Developing SBTs and committing to the Science Based Targets initiative (SBTi) will allow companies to gain competitive advantages by reducing costs related to CO2 emissions and help score SBT points…
