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.…
The Global Reporting Initiative (GRI) is a widely used framework for sustainability reporting that provides guidelines for organizations to disclose their economic, environmental, and social performance. Within the GRI framework, there have been revisions and updates to specific standards over time to reflect changes in stakeholder expectations, emerging sustainability issues, and advances in reporting practices.…
Our DFGE Interview Series is being continued with an interview with Frank Werner, Director – WEC Europe e.V. We talk to him about the World Environment Center and why an ESG strategy is becoming increasingly important. In addition, we answer for the first time what exactly companies can expect from the „new“ WEC after its…
The Exposure Draft Voluntary standard for non-listed small- and medium-sized undertakings (VSME ED) The aim of this voluntary draft standard is to provide critical support to micro, small and medium-sized businesses in various dimensions and builds on the existing CSRD. Primarily, it seeks to enable them to contribute meaningfully to a more sustainable and inclusive…
Yesterday, on February 6th the 2023 CDP scores were published, providing crucial insights into companies‘ environmental performance. The Significance of CDP Scores The CDP scores serve as a comprehensive assessment of companies‘ environmental performance, covering areas such as carbon emissions, climate change resilience, water and deforestation management. By evaluating companies‘ efforts in managing climate change,…
In 2024, it is inevitable for companies to prioritize sustainability in order to remain competitive, resilient, and responsible. It is a strategic imperative that affects every aspect of corporate performance, from reputation and risk management to innovation and growth. Looking at the new year, this blogpost will highlight three of the most important corporate sustainability…
