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…
Authors: Translated by Eva Kleemann (DFGE), Source Text here. Publication: Juli 2023 Background In January 2023, the European Union’s Corporate Sustainability Reporting Directive (CSRD) came into effect. From 2024 onwards, companies in the EU are required to provide detailed non-financial information in their management reports regarding environmental, social, and governance aspects. The European Sustainability Reporting…
Looking for a Quick CDP Response Check? Choose DFGE! Approaching CDP Deadline Once again, numerous companies have been requested to participate in this year’s CDP Climate Change Program. These requests have been made by both investors and customers. Participants are obligated to address various aspects including CO2 emissions, climate risks and opportunities, reduction targets and…
With environmental consciousness at an all-time high, businesses and individuals alike are striving to understand and reduce their carbon footprints. One essential aspect of this endeavor is the Product Carbon Footprint (PCF). This article will introduce PCF, look into the standards that guide its calculation, explore verification processes, and shortly introduce tools to calculate carbon…
Terms like climate neutrality, carbon neutrality, and climate contribution are often used interchangeably but have distinct meanings. In this blog post, we will differentiate between these terms and shed light on their significance in the field of sustainability. Climate Neutrality refers to a state where a company, organization, or individual has balanced their greenhouse gas…
Every year on April 22, people around the world come together to celebrate Earth Day, a day dedicated to promoting awareness and appreciation for our planet and the environment. Since the first World Earth Day in 1970, this annual event has grown in scope and importance, becoming a global movement that highlights the urgent need…
