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.…
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…
Sustainability and climate change continue to be at the forefront of global interest and have become key issues for businesses, governments and consumers. In 2023, we will see some key sustainability and climate trends. In summary, sustainability and climate change will remain important and trends will continue to evolve. Businesses, governments and consumers must continue…
Companies of all sizes and industries slowly have to get used to the fact, that reporting on sustainability topics is here to stay. The EU as well as individual states are continuously raising the bar on disclosure and request all sorts of sustainability related information from a growing number of companies. While climate change has…
After three years of Covid, people around the world are undoubtedly tired of sliding from one crisis to the next. Especially compared to the ongoing pandemic and the Ukrainian war, other global crises seem to lose importance. Experts emphasize the danger of ignoring surfacing warning signs. Besides the ongoing pandemic, supply chain disruptions, inflation, debt,…
Environmental protection and sustainability are becoming more and more a trend. For many companies real measures to meet sustainability criteria are getting priority. Supply Chain Due Diligence Act and the Taxonomy under ESG regulation is intended to help with this. EU Green Deal & Taxonomy To enable Europe to become “the first climate-neutral continent in…
CDP has released its 2022 questionnaire and reporting guidances for Forest, Water Security, and Climate Change. The updated scoring methodologies for all questionnaires, i.e. the exact information on how CDP scores each question, will likely be released in March. As in the previous years, CDP’s Online Response System will open in April and close by…
Biodiversity refers to the variety of life on earth including plants, animals, fungi and microorganisms that make up our natural world. The 2021 Global Risk Report from the World Economic Forum reports that biodiversity loss is among the environmental risks that are rapidly increasing. The main drivers of biodiversity loss are: Land use and sea…
The complexity of life on earth, with its variety of animals, plants, fungi and bacteria, known as biodiversity, is fundamental to life on this planet and the prosperity of species. Although many species on land and in water are already known to us, millions are yet to be discovered. Scientists are also finding that an…
The ecosystem has benefited humanity for millennia by protecting from floods, regulating diseases and pests, absorbing and transforming carbon-dioxide, maintaining habitats and, above all, providing food and water. But the IPBES, the Intergovernmental Platform on Biodiversity and Ecosystem Services warns, that the failure to protect ecosystems would lead to catastrophic consequences for people and nature.…
