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…
The World Economic Forum’s (WEF) Global Risks Report is an annual publication that identifies the key risks the world could face over the next decade. This year’s WEF Global Risks Report 2024, among other topics such as misinformation and disinformation or societal polarization, highlights the critical importance of climate-related issues, emphasizing them as the most…
EcoVadis users can expect a great innovation in the platform in Q2 2024 – we would like to briefly introduce you to these new features and explain how you can benefit from them: Revamped Sustainability Scorecard: EcoVadis launches a new version of the sustainability scorecard. The design will be updated and the level of detail of…
Recognizing the importance of corporate sustainability reporting, especially for the supply chain, governments are implementing human rights and environmental due diligence obligations for companies. European countries like Germany, France, Norway or The Netherlands have already implemented their own supply chain legislations. To harmonize these efforts across the European Union has been working on implementing the Corporate…
New Releases of the SBTi Back in autumn 2022 the Beyond Value Chain Mitigation (BVCM) guideline was announced by the Science-Based Targets Initiative (SBTi) and now it is finally here, serving as a further cornerstone of the SBTi Corporate Net Zero Standard. In February 2024 the SBTi published two BVCM reports: The first report (Above…
In an era where climate change and environmental sustainability are at the forefront of global discussions, it is important to acknowledge the efforts of companies committed to reducing their carbon footprint and embracing sustainable practices. The CDP Europe Awards 2023 serve as a platform to recognize the efforts of companies and cities to address environmental…
In today’s rapidly evolving corporate world, sustainability isn’t just an option—it’s a necessity. As companies gear up for the S&P Global Corporate Sustainability Assessment (CSA) for 2024, understanding the latest updates and processes is paramount. Here’s your comprehensive guide to navigating the S&P Global CSA 2024: Participation and Companies Involved: The S&P Global CSA 2024…
The issue of greenwashing has persisted ever since the term „sustainability“ is ubiquitously used in industries. Products that are labelled as „eco-friendly“ or „climate neutral“ give customers a better conscience when buying or buying a larger quantity of products than products without these claims and labels, although there is no proof of the claimed sustainability.…
