#CSDDD

[thoughtfullyraggedpsion]

Navigating EU ESG Regulations: CSRD, SFDR, Taxonomy

Europe has been at the forefront of integrating sustainability into corporate strategy. From the landmark EU Taxonomy (effective July 2020) to the sweeping Corporate Sustainability Reporting Directive (CSRD) and the emergent Corporate Sustainability Due Diligence Directive (CSDDD), ESG Regulations across Europe are undergoing rapid expansion and refinement. This transformation reflects a bold ambition: align economic resilience with climate neutrality and social justice.

1. Foundation Laid: Core ESG Regulations

EU Taxonomy Launched in 2020, the EU Taxonomy provides a shared classification system that defines environmentally sustainable economic activities across six objectives, boosting transparency and reducing greenwashing.

Sustainable Finance Disclosure Regulation (SFDR) Since March 2021, SFDR obliges financial participants to disclose how sustainability risk factors are integrated at both entity and product levels.

Corporate Sustainability Reporting Directive (CSRD) Implemented from Jan 2023, CSRD expands scope from 11,000 to ~50,000 companies, mandating detailed environmental, social, and governance disclosures aligned with European Sustainability Reporting Standards (ESRS) 

2. Emerging Pillars: CSDDD & ESG Ratings Oversight

Corporate Sustainability Due Diligence Directive (CSDDD) Passed in June 2024, CSDDD compels companies (including some non-EU) to conduct due diligence on human rights and environmental impacts throughout their value chains.

ESG Ratings Regulation Adopted in mid‑2023, this sets strict transparency and integrity standards for ESG rating agencies, with oversight by ESMA to reduce conflicts and ensure comparability.

3. Simplification vs. Ambition: The Omnibus Package

In early 2025, the European Commission introduced a simplification (omnibus) package to ease compliance burdens while preserving policy goals . Highlights include:

CSRD: Applying only to firms with ≥1,000 employees and phased-in data point requirements.

CSDDD: Delayed to 2028 with due diligence limited to direct suppliers.

Taxonomy: Streamlined Do‑No‑Significant‑Harm criteria and fewer KPIs.

CBAM: Carbon border adjustment scope narrowed and compliance deadlines extended.

Despite easing thresholds, the omnibus keeps the overarching target of climate neutrality intact towards 2040–2050 .

4. Business Impact & Global Reach

These ESG Regulations are not confined to Europe. Non-EU multinationals are affected if they:

Have EU revenue >€150M,

Export goods like steel or cement (under CBAM),

Use ESG ratings in EU financial products.

By harmonizing rules via CSRD, SFDR, Taxonomy, and CSDDD, the EU establishes a regulatory benchmark influencing global ESG norms.

5. Tensions & Debates

The EU faces a balancing act between:

Competitiveness: Simplifying regulations to aid SMEs and compete with US/China.

Ambition: Environmentalists warn that rollbacks in CSRD/Taxonomy could erode ESG effectiveness .

The 2025 Global Fashion Summit and financial sector groups have called for clarity and steadfastness to preserve investor trust.

6. Future Outlook: Harmonization & Technology

Convergence: The EU plans to consolidate CSRD, CSDDD, and Taxonomy into a unified framework .

Global alignment: EU’s initiatives influence standards globally, with IFRS and ISSB working towards unified sustainability disclosure .

Innovation via AI: Experts highlight AI’s potential to enhance ESG disclosure quality and detect greenwashing, though ethical oversight remains vital .

7. Strategic Implications for Companies

For businesses, this evolving landscape demands strategic adaptation:

Governance upgrades: Establish cross-functional teams to manage ESG compliance.

Technology investment: Deploy ESG data management platforms to track KPIs and taxonomy alignment.

Due diligence focus: Map supplier risk and human rights impacts under CSDDD.

ESG ratings monitoring: Track agencies under ESMA’s new regime.

Global preparedness: Monitor cascading effects of EU policy on global operations.

Conclusion

Today, ESG Regulations across Europe present both rigorous demands and unprecedented clarity. From robust frameworks like CSRD and Taxonomy to streamlined compliance via the omnibus, the EU seeks to ensure sustainability remains strategic—not burdensome. As international convergence gains momentum, those who embed ESG into core business strategy will thrive, while others risk regulatory lag.

Read Full Article : https://businessinfopro.com/the-current-state-and-bold-future-of-esg/

About Us: Businessinfopro is a trusted platform delivering insightful, up-to-date content on business innovation, digital transformation, and enterprise technology trends. We empower decision-makers, professionals, and industry leaders with expertly curated articles, strategic analyses, and real-world success stories across sectors. From marketing and operations to AI, cloud, and automation, our mission is to decode complexity and spotlight opportunities driving modern business growth. At Businessinfopro, we go beyond news—we provide perspective, helping businesses stay agile, informed, and competitive in a rapidly evolving digital landscape. Whether you're a startup or a Fortune 500 company, our insights are designed to fuel smarter strategies and meaningful outcomes.

[humanrightsupdates]

The European Parliament vote on April 24, 2024, to approve the proposed European law to require large companies to prevent and remedy human rights and environmental abuses in their global supply chains is a step forward for corporate accountability, Human Rights Watch said today. The proposed EU Corporate Sustainability Due Diligence Directive (CSDDD) seeks to introduce legal obligations for large corporations to conduct human rights and environmental due diligence in their global supply chains.

The Parliament’s vote in Strasbourg was on the 11th anniversary of the tragic collapse on April 24, 2013, of the Rana Plaza building in Bangladesh, which killed 1,138 garment workers and injured over 2,000 others. The proposed law requires large companies to conduct human rights and environmental due diligence in their own operations and in their global value chains. It considers large companies to be those with more than 1,000 employees on average and more than €450 million in net worldwide in the previous financial year. It empowers regulators to take action against companies failing to conduct such due diligence and, in some situations, allows victims of corporate abuses to approach European courts to seek justice.

“The 11th anniversary of the Rana Plaza disaster is a somber reminder of why a due diligence law is long overdue,” said Aruna Kashyap, associate director on corporate accountability at Human Rights Watch. “The European Parliament’s vote sends a strong message that the EU should no longer let large corporations get away with human rights and environmental abuses.” (Human Rights Watch)

[bllsbailey]

The European Union’s Due Diligence Directive Must Be Stopped

By Chris Talgo

Most Americans have probably never heard of the European Union’s (EU) recently passed Corporate Sustainability Due Diligence Directive (CSDDD). According to the EU, the “aim” of the CSDDD “is to foster sustainable and responsible corporate behaviour in companies’ operations and across their global value chains. The new rules will ensure that companies in scope identify and address adverse human rights and environmental impacts of their actions inside and outside Europe.”

Although this may sound benevolent, the EU’s CSDDD, which “entered into force” on July 25, 2024, is a direct threat to American sovereignty and energy production.

As my colleagues Justin Haskins and Jack McPherrin note in a recent Heartland Institute Policy Study outlining the CSDDD:

It is not hyperbolic to say the CSDDD is one of the most economically restrictive and nakedly authoritarian laws in the history of western democratic civilization. The directive attempts to globally institutionalize sweeping ESG objectives by mandating practices for large companies doing business in the European Union, regardless of whether those companies are headquartered in the EU. Even worse, the CSDDD forces those companies to impose the same standards on many of the businesses operating within their global supply chains— fundamentally transforming all social and economic activity around the world. It is one of the gravest threats to freedom that Americans face today.

Under the CSDDD, all U.S. businesses, from multinational corporations to small family farms, would have to adhere to the EU’s environmental regulations that prioritize the mass adoption of expensive and unreliable so-called green energy while restricting the production of abundant, affordable, and reliable fossil fuel energy.

In essence, the CSDDD “is a transition plan for climate change mitigation aligned with the 2050 climate neutrality objective of the Paris Agreement as well as intermediate targets under the European Climate Law,” says the EU.

RELATED: EU Proposed Carbon Market: Disaster for Consumers, Zero Effect on Climate

As evidence increasingly shows, the EU’s early adoption of an electric grid primarily fueled by intermittent wind and solar has not been a smooth process. For many years, European countries like Germany have struggled with chronic energy shortages.

A few months ago, the fragility of Europe’s green grid was put on full display when two solar facilities in southwest Spain experienced a sudden and severe drop in power output, which triggered a “complete collapse of the system,” according to Spanish Prime Minister Pedro Sánchez.

The EU’s climate alarmist policies, which heavily regulate the use of pesticides and fertilizers, have also wreaked havoc across the continent’s agricultural sector. For the past few years, thousands of frustrated farmers in places like the Netherlands have protested these heavy-handed, top-down rules from out-of-touch elites in Brussels.

Across the pond, Americans were given a sneak peek of Europe’s green agenda during the Biden years.

The results speak for themselves. As The New York Post reported, energy prices soared more than 30 percent under President Biden — 13 times faster than the previous seven years. A study by The Heartland Institute in 2024 determined that the average family paid a whopping $2,548 more in energy costs due to the Biden-Harris administration’s climate policies.

Fortunately, President Trump recognizes the folly of climate alarmism.

Throughout his 2024 campaign, Trump reiterated the need for American energy dominance. So far, the Trump administration has sought to expedite the permitting process for energy extraction on federal lands, which would unlock treasure troves of natural gas and oil.

Trump is also playing hardball with the European Union as he seeks to foster fairer trading relations with the EU.

ExxonMobil CEO Darren Woods explained on Fox News’ Special Report recently that the EU’s CSDDD represents a non-tariff trade barrier that Trump is intent on eliminating as his team negotiates with EU officials.

Woods also recommended that Congress draft legislation that deems the EU’s CSDDD irrelevant to U.S. businesses. I highly suspect that Trump would sign such a bill with gusto.

Ironically, the good news is that the EU’s byzantine legislative process moves at a glacial pace. As the EU states, “Member States will have to transpose the Directive into national law and communicate the relevant texts to the Commission by 26 July 2027. One year later, the rules will start to apply to the first group of companies, following a staggered approach (with full application on 26 July 2029).”

There is still ample time to stop the slow-moving CSDDD train before it picks up too much speed.

Chris Talgo (ctalgo@heartland.org) is editorial director at The Heartland Institute.

[globalfinancenews]

Alviero Martini Spa, dagli amministratori prima relazione positiva

Nella prima udienza davanti ai giudici del Tribunale di Milano Marco Mistò e Ilaria Ramoni hanno annunciato la rescissione del contratto di fornitura con la Crocolux e i piani di adozione del modello 231 e di una due diligence sulla filiera

Sono passati tre mesi dal provvedimento di amministrazione giudiziaria emesso dal Tribunale di Milano nei confronti della Alviero Martini Spa - che non avrebbe impedito casi di caporalato lungo la propria filiera di fornitura - e il caso dell’azienda, che dal 2003 fa capo alla Final di Luisa Angelini, torna in primo piano: in occasione della prima udienza davanti ai giudici Fabio Roia, Maria Gaetana Rispoli e Giulia Cucciniello della sezione misure di prevenzione del Tribunale di Milano, gli amministratori giudiziari nominati a metà gennaio hanno infatti presentato la loro prima relazione con una «previsione prognostica positiva» che fa pensare a una revoca della misura già dopo l’estate, e quindi in anticipo sui tempi che sono solitamente di 12 mesi.

La relazione degli amministratori

Marco Mistò e Ilaria Ramoni, incaricati di bonificare i rapporti tra l’azienda con sede a Milano e i fornitori che a loro volta, non essendo in grado di provvedere alla produzione, l’avevano subappaltata a laboratori-dormitorio gestiti da cinesi con «sfruttamento del lavoro», hanno evidenziato la collaborazione in questi mesi da parte della società, attraverso organi direttivi e avvocati, e hanno presentato ai giudici un cronoprogramma. Nel dettaglio, la società risolverà uno dei contratti con i fornitori cinesi della Crocolux srl, azienda di Trezzano sul Naviglio (MI) che dal 2018 è appaltatrice di Alviero Martini. Proprio da questa azienda - dove nel maggio 2023 un operaio assunto in nero, Ruman Abdul, era morto sul lavoro - era partita l’inchiesta della procura di Milano che ha portato alla misura di prevenzione nei confronti di Alviero Martini Spa. Che starebbe predisponendo il modello 231, quello responsabilità amministrativa degli enti, e una “due diligence” per il controllo sulla filiera produttiva.

Il caso analogo: Giorgio Armani Operations

Il tema del mancato controllo di una filiera “made in italy” dove si verificano quotidianamente episodi di sfruttamento del lavoro è all’origine del commissariamento di un’altra azienda del settore moda, la Giorgio Armani Operations che con un provvedimento dello stesso Tribunale di Milano è stata posta in amministrazione giudiziaria venerdi 5 aprile.Il provvedimento anche in questo caso è stato richiesto dai pm Paolo Storari e Luisa Baima Bollone sulla base di una serie di evidenze raccolte nell’ambito di un’inchiesta dei carabinieri del Nucleo ispettorato del lavoro di Milano. Inchiesta che potrebbe coinvolgere altri marchi della moda italiana, tanto che dal procuratore Fabio Roia è arrivata la proposta di istituire un tavolo sul settore moda in prefettura.

Le norme: dal Dlgs 231/2001 alla direttiva Csddd

Il tema del controllo della filiera (per le aziende di moda e non solo) è al centro del dibattito anche a Bruxelles dove  è in corso l’iter legislativo del cosiddetto Supply Chain Act (il nome tecnico è Corporate Sustainability Due Diligence Directive) che prevede che le aziende controllino e diano conto della tutela dei diritti umani nella loro catena di fornitura sulla base degli UN Guiding principles on Business and Human Rights. Il testo della direttiva, approvato dal Parlamento in un primo tempo nel dicembre 2023, è stato modificato dopo la mancata approvazione da parte del Consiglio e dovrà essere rivotato dal Parlamento nella plenaria del 22-25 marzo a Strasburgo.

In Italia esistono tuttavia già alcuni strumenti di controllo come il già citato Dlgs 231/2001 che prevede la responsabilità dell’ente per il reato dello sfruttamento del lavoro e intermediazione illecita.

[hasanakbal19]

TÜRMOB Uluslararası Dergisi’nin 106. Sayısı Yayında: Gündemde CSDDD ve Torba Yasa Teklifi Var

Türkiye Serbest Muhasebeci Mali Müşavirler ve Yeminli Mali Müşavirler Odaları Birliği’nin (TÜRMOB) yayımladığı Uluslararası Dergi’nin 106. sayısı, Avrupa Birliği’nin gündemindeki önemli düzenlemelerden biri olan Kurumsal Sürdürülebilirlik Özen Yükümlülüğü Direktifi (CSDDD) üzerine kapsamlı bir dosya ile okuyucularla buluştu. Dergide yer alan “Torba Yasa Teklifi Açıklandı: Avrupa Komisyonu…

[kunyekultursanat]

TÜRMOB Uluslararası Dergisi’nin 106. Sayısı Yayında: Gündemde CSDDD ve Torba Yasa Teklifi Var

Türkiye Serbest Muhasebeci Mali Müşavirler ve Yeminli Mali Müşavirler Odaları Birliği’nin (TÜRMOB) yayımladığı Uluslararası Dergi’nin 106. sayısı, Avrupa Birliği’nin gündemindeki önemli düzenlemelerden biri olan Kurumsal Sürdürülebilirlik Özen Yükümlülüğü Direktifi (CSDDD) üzerine kapsamlı bir dosya ile okuyucularla buluştu. Dergide yer alan “Torba Yasa Teklifi Açıklandı: Avrupa Komisyonu…

[yesesg-seoul]

2025년 ESG 10대 트렌드(10) 공급망 관리의 확대

오늘은 서울지속가능경영연구원이 선정한 2025년 지속가능경영 글로벌 ESG 10대 트렌드의 열 번째 주제인 ‘2025년 ESG 10대 트렌드(10) 공급망 관리의 확대’에 대하여, 1. 기업의 지속가능성 관리가 공급망으로 확대, 2. 공급망 관리의 다양한 규제와 양상의 두 파트로 나누어 알아보겠습니다. 그리고 동영상으로 볼 수 있는 유튜브 영상도 칼럼 내에 공유합니다. 영문은 한글자료 아래에 있습니다(English is after Korean). 1. 기업의 지속가능성 관리가 공급망으로 확대 2025년, ESG 경영을 실천하는 현장의 핵심 화두는 ‘공급망 관리’로 귀결될 것이다. 이는 EU의 기업 지속가능성 실사지침(CSDDD)을 필두로 한 글로벌 규제 강화, 투자자와 소비자의 높아진 기대 수준,…

[danielwege-blog]

Alívio Burocrótico, Mas Menos Dados Esg - Eco

News https://portal.esgagenda.com/alivio-burocrotico-mas-menos-dados-esg-eco/

Alívio Burocrótico, Mas Menos Dados Esg - Eco

Patrícia azevedo Lopes Já analisou o efeito que vai causar, nenhum setor seguador, uma proposta omnibus da comissão europeia, destinada a reduzir a carga burocrática às empresas emprese e conformada.

NO Dia 26 de Fevereiro de 2025, A Comissão Europeia anunciou uma proposta omnibus, uma iniciativa que visto Reduzir de Fardo Burocrótico Das Empreas Decorrente de Quatro Regulamentos Fundamentais: Uma corporativa Diretiva de Relato de Sustentabilidade (CSRD), uma taxonomia da ue, uma diretora de devida diligênica em corporativa sustentabilidada (CSDDD) eo mecanismo de ajuste de carbono na Fronteira (CBAM). COM ESTA PROPOSTA, Um comissão Espera Gerar Uma Poupança Anual de Cerca de 6,3 mil Milhões de Euros em Custos Administrativos para como Empreas.

Uma proposta omnibus introduz Mudanças significativas nos requisitos de relatório e conformidade regulatória, nomeadamemente:

Redução do número de empresas abrangidas pela csrd – uma proposta prevê que APENAS UM QUINTO DAS EMPRESAS ORIGINALENTE INCLUIDAS NA CSRD Permaneça Sujeita à EXIGÊNCIAS DE RELATÓRIO, Aliviando Uma Carga Administrativa para Pequenas e Médias Empresas.

Simplifica ã dos relatórios, como normas Europeias de Relato de Sustentabilidade (ESRS) – Haverá Uma redução substanciais na quantidade de dadas que como empreas Devem Reporttar, Tornando o Processo Menos Oneroso e Mais eficiente.

Ajustes no ` Sugere simplificações nos mecanismos de devida diligênia e na aplicação do ajuste de carbono, Reduzindo Requisitos Administrativos E Burocrésicos.

UM ProPOSTA Omnibus Tem implicações diretas para o Segutor SeguadorQue Já Enfrenta UM Ambiente Regulatório Denso E Exigente. Algumas Das Principeis conseqüências inclusivas:

Redução dos custos de conformidade e abrangência – Como Empreas de Seguros, especialmente como De Menor Dimensão, Poderão Beneficiária de Uma Menor Carga Administrativa, Libertando Recursos para Investimentos Estratégicos. APENAS COMO EMPRESAS COM MAIS DE 1.000 Trabalhadoras Ou que Cumpram Critérios Financeiros Específicos Estarão Sujeitas à Novas Regras de Reporte de Sustentabilidade.

Simplifica ã os requisitos de relatório – Como EXIGÊNCIAS DE DIVULGAÇÃO DE INFLEMPAÇÕES DE SUSTENTABILIDADE, Que Afetam Diretamental OS Produtos e Servicos Financeiros, Serão menos complexos, Reduzindo o Esforço Das Equtas de Compliance. Como obrigações de devida diligênia applicam-se ágora apenas aos parceiros diretos, reduzindo uma complexidada de monitorizar as cadeias de fornecimento completa.

Impacto na Avaliação de Riscos ESG – com Menos Dados Disponíveis, como Empreas de Seguros Terão de Adaptar OS Seus Modelos de Avaliação de Riscos Ambientais, Sociais e de Governora (ESG), O que Pode Afetar o Preço EA Subscriza de Riscos.

UM Proposta Omnibus Refletir uma pré -ocupaça Crescente da comissão Europaia com o impacto da regulamento Excessiva No Ambiente empresariano. ESTA PROPOSTA REFLETE Uma tentativa de Equilibrar um necessidade de regulamentação com uma competitividada empresariana. Um comissão reconchoqueu queGulação Excessiva Pode Criar Obstáculos Significativa para o Empresas, especialmente como pequenas e Médias Empresas (PMEs)AO AUMUMAR OS COSS Administrative e limite uma capacidada de InovAção. Sem entanto, uma redução dos requisitos de Relatório Pode Levantar Questões Sobre uma transparênica e qualidade da informação de disponição para investidores, consumores e reguladores.

Uma redução dos requisitos de reporte, como proposto no pacote omnibus, Pode Levantar pré -ocupações em vábrias Áreas:

Transparênia e comparaabilidade: Como Empresas Seguradoras dependem da Confiança DOS Clientes e Investidoras. Uma redução de relatórios obrigatácrios pode Levantar Dúvidas Sobre A Transparênia Das Prática de Sustentabilidade, O que Pode Afetar a Reputa de Sua.

Impacto NA Subscrição de Riscos: Como Seguratoras Utilizam Dados de Sustentabilidade para Avaliar Riscos e Definir Prémios. A Falta de Informaça DeTalHadas Pode Levar A Decisões menos Informas, Afetando, uma Rentabilidade.

Riscos de Greenwashing: Ausênncia de relatórios Detestifados pode abrir Espaço para prósicos de lavagem verdeOnde como Empresas Promovem Uma Imagem de Sustentabilidade Sem AÇões Concretas.

Embora uma simplicaza seja bem-vinda para reduzir ecargos Administrativos, é essencial Encontrar um Equilíbrio que Garanta Que como Prático Empresariais Responsáveis ​​Não Sejam Comprometidas.

O Equilíbrio Entre efici ênnda Regulação e Responsabilidade Corporativa Corporativa Será Um dos Principais Desafios na implementação proposta. Por essma Mesma Razão, como Seguratoras têm uma optornidade de adtar medidas voluntácrias para reforvar a pós -pósia no Mercado e atrair consumores e investidos que valorizam empresas sustentáis e transparentes. Investir em Relatórios Detestalhados E Campanhas Educativas Pode Ajudar A Mitigar OS Riscos De lavagem verde e demonstrar um compromisso genuíno com uma sustentabilídio sustentável.

O Segutor Seguador, Enquanto Pilar da Estabilidada Financeira e da Mitigaça de Riscos, Deve Acompanhar de Perto Estas Mudanças e Adaptar-Se para Continuar A Garantir Uma Gestão eficost Dos Riscos Esg No Mercado Europeu.

Nos Próxxos Meses, o Debate em Torno da “Proposta Omnibus” Certamental Ganhará Traçãoà medida que partes interessadas Avaliam OS Seus beneficia e Possíveis impactos colaterais. Sabre RestA Se uma simplicaza administrativa será suffeciente para aliviar a Carga Das Empreas Sem Comprometer OS OS objetivos de Sustentabilidade da União Europeia.

Assine o Eco Premium

No Momento em que uma informação é importante do que nunca, apoie o jornalismo independente e rigoroso.

De que forma? Assine o Eco Premium e Tena Acesso A Notícias exclusivas, à opinião de Opinio que contá, os relatórios e especiais que Mostram o Lado da História.

ESTA ASSINATURA É AMA FORMA DE APOIAR O ECO E OS SEUS JORNALISTAS. Uma Nossa Contrapartida é O Jornalismo Independente, Rigoroso e Credível.

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[bdpst24]

Omnibusz javaslat: szükséges egyszerűsítés vagy visszalépés a fenntarthatósági törekvésekben?

Február 26-án hivatalosan is elérhetővé vált a fenntarthatósági jelentéstételi kötelezettségek egyszerűsítését célzó ún. Omnibusz javaslat, amellyel az Európai Bizottság célja az európai versenyképesség javítása. Ennek érdekében összehangolja a meglévő szabályozást, így a CSRD, a CSDDD és az EU Taxonómia Rendelet szerinti jelentéstételi kötelezettségeket, ezáltal is csökkentve az európai…

[zehub]

Vers une renégociation de la CSRD, de la CSDDD et de la taxonomie verte ?

La Commission Européenne pourrait ouvrir une renégociation de ces textes clés du Green Deal, avec un risque d'affaiblissement considérable.

[ecodrisil]

Corporate sustainability regulations often receive mixed reactions—some dismiss the need for regulation altogether, while others focus on what's lacking in new proposals. Recently, the latter group has been vocal in their criticism of frameworks like the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) and the U.S. Securities and Exchange Commission’s (SEC) Climate Disclosure Rule. However, while these debates make headlines, a significant shift is quietly reshaping the global landscape of sustainability reporting—the emergence of the International Financial Reporting Standards (IFRS) Sustainability Standards. 

A Global Foundation for Sustainability Reporting 

The IFRS Foundation’s International Sustainability Standards Board (ISSB), launched at the COP26 climate conference in November 2021, has methodically laid the groundwork for harmonized, global sustainability reporting. By June 2023, the ISSB had already issued its first two standards: IFRS S1 (covering general sustainability-related financial disclosures) and IFRS S2 (focused on climate-related disclosures). Starting in January 2025, companies worldwide will be required to integrate sustainability data into their financial reports, a move that marks a pivotal moment for climate-related transparency. 

One key factor that sets the IFRS standards apart is their backing from the International Organization of Securities Commissions (IOSCO). With IOSCO’s endorsement, over 20 major economies—representing around 55% of global GDP—have agreed to adopt these standards, signaling a unified global approach. This contrasts with region-specific regulations, which are often mired in political negotiations and differing enforcement mechanisms. 

Why Climate Reporting is First on the Agenda 

The ISSB's initial focus on climate-related disclosures reflects a targeted strategy. While many sustainability frameworks attempt to tackle various issues simultaneously—ranging from environmental to social governance—the ISSB has opted for a more focused approach. As Erkki Liikanen, Chair of the IFRS Foundation trustees, aptly put it: "Climate first, but not climate only." 

Using the Taskforce for Climate-related Financial Disclosures (TCFD) as a guiding principle, the IFRS standards aim to streamline how companies measure and report greenhouse gas emissions (GHG). The standards are designed to provide transparency in how organizations assess, manage, and disclose climate risks. Over time, this foundation will likely expand to include biodiversity, ecosystems, and human capital reporting, but for now, climate reporting is at the forefront. 

A New Paradigm for Corporate Risk Management 

What makes the IFRS standards truly groundbreaking is their focus on financial risk management. For the first time, companies are being told that climate-related risks must be reported alongside traditional financial risks, bringing sustainability directly into the boardroom. This shift moves sustainability away from an emotional, value-driven issue to one that is intricately tied to bottom-line performance. 

This is a powerful message to corporations: understanding climate risk is not just an ethical imperative—it’s a financial necessity. By embedding sustainability disclosures into financial reporting, the IFRS standards are poised to make sustainability mainstream, transforming how businesses view and respond to climate risks.  

The First Major Test: Implementation in 2025 

The global adoption of the IFRS S1 and S2 standards is set to begin in January 2025, making them the first major sustainability reporting requirements to take real effect across international markets. The IFRS Foundation has worked tirelessly to provide clear guidance to ensure a smooth 

transition for companies. This extensive groundwork means that once these standards are fully implemented, they will not only provide a robust framework for climate reporting but also act as a template for future sustainability regulations.  

The impact of these standards will likely extend beyond climate reporting. The success of IFRS standards in integrating climate-related financial risks into corporate reporting could inspire other regulatory bodies to follow suit, streamlining global efforts in sustainability reporting. Moreover, as businesses adapt to these new norms, this will create a ripple effect, driving broader corporate alignment with sustainability objectives. 

The Road Ahead for Global Sustainability Reporting 

The IFRS Sustainability Standards are not just about compliance—they represent a fundamental shift in how corporations approach sustainability. By making sustainability reporting a matter of financial disclosure, the standards ensure that business leaders, financial officers, and regulators all speak the same language. This alignment is crucial in promoting transparency and consistency in climate reporting. 

As the IFRS standards evolve to include biodiversity and human capital, we may see further harmonization across the many existing sustainability frameworks, reducing the complexity that companies often face when reporting on these issues. It’s a future where corporate sustainability disclosures are as standardized and vital as financial reporting. 

Ecodrisil’s Role in Sustainability Reporting 

As companies prepare to adopt the IFRS standards, tools that simplify and streamline sustainability reporting are more important than ever. Ecodrisil's ESG Xpress, with its automated carbon emission management and reporting capabilities, is designed to support businesses in their transition to the new IFRS standards. By converting raw data into actionable insights, ESG Xpress helps companies ensure that their climate-related financial disclosures align with global standards, making the reporting process more efficient and reliable. 

Ecodrisil is empowering businesses to meet the IFRS sustainability requirements while fostering a culture of transparency and accountability. With tools like ESG Xpress, organizations can seamlessly integrate sustainability into their financial reporting processes, driving meaningful change as they contribute to a more sustainable future. 

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L’UE Vandalise l’Economie des pays membres : le CSDDD (CS3D)

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GOP Lawmakers Sound Alarm On EU's New "Debilitating" Green Policy On US Firms

Zero Hedge BY TYLER DURDENSATURDAY, SEP 28, 2024 – 08:45 AM A group led by more than 60 US House and Senate Republicans urged Treasury Secretary Janet Yellen to postpone the implementation of the European Union’s Corporate Sustainability Due Diligence Directive (“CSDDD”). The new EU requirement would force companies to better track environmental impacts across supply chains, which the group…