The EcoVadis Supply Chain Assessment EcoVadis is a supply chain assessment which helps companies to understand and quantify sustainability risks within their supply chain. Unlike individual questionnaires or very specific ones like CDP, EcoVadis offers a standardized approach which is able to compare the performance of companies with entirely different profiles on a rating scale…
Background As the backbone of our interconnected economy, supply chain management has become a focal point of EU regulatory requirements. The proposal for the Corporate Sustainability Due Diligence Directive on (CSDDD) is in the final stages of approval, which concerns the protection of human rights and environmental responsibility across value chains [1, 2]. Accordingly, these…
Mapping of GRI Standards and ESRS Project goal For many years, DFGE has been supporting clients in the preparation of sustainability reports in accordance with the Global Reporting Initiative (GRI). Some of our customers will be subject to the Corporate Sustainability Reporting Directive (CSRD) in the next few years. At the beginning of September, GRI…
The Future of the Construction Industry in the EU: A Look at the New Proposal for the Harmonization of Construction Products The European Commission has recently put forward a proposal for a regulation by the European Parliament and the Council that could potentially revolutionize the marketing of construction products within the European Union (EU). This…
The Fight for Sustainable Consumption in a Jungle of Labels Consumers worldwide struggle to make sustainable choices, as it is often unclear what stands behind the label’s promises. And not without reason. There are approximately 230 sustainability labels on the European market, half of which lack verification. 40% of sustainability claims are unsubstantiated, and 53%…
As part of the „Fit for 55“ package, the Carbon Border Adjustment Mechanism (CBAM) will be introduced under EU Regulation (EU) 2023/956 on 1st October 2023. The system is intended to prevent the outsourcing of CO2 emissions to non-EU countries, also known as carbon leakage, and to create incentives to introduce further CO2 pricing. The…
Great Opportunities and Great Responsibilities An extract of the „Guidance On Avoided Emissions“ by the World Business Council of Sustanable Development (WBCSD) Societies must drastically cut emissions and protect and develop carbon sinks to limit the rise of the global temperature to no more than 1.5°C above pre-industrial levels and to achieve a state of…
Upcoming release of final recommendations In the midst of the upheaval around the new EU Corporate Sustainability Reporting Directive (CSRD), another organisation is preparing the release of its final recommendations on the disclosure of specific risks and opportunities. The Taskforce on Nature-related Financial Disclosures (TNFD) will publish its global framework for risk management and reporting…
EU plans more investment for clean technologies in Europe The European Union is committed to address climate change and has set ambitious climate goals, including becoming climate neutral by 2050. One of their action to decarbonize the EU is the Net Zero Industry Act. The act, introduced 16th March, is an initiative stemming from the…
This blogpost is available in German and English. What is the digital product passport? Both the European Green Deal and the Circular Economy Action Plan have identified a digital product passport as an essential tool for a resource-efficient and climate-friendly economy. With the aim of returning materials from products that are no longer used to…
