What is the Corporate Sustainability Reporting Directory (CSRD)? The CSRD requires large and/or listed companies to publish regular reports on the social and environmental risk they face and on how their activities impact the rights of people and the environment. To whom does the Corporate Sustainability Reporting Directory (CSRD) apply? The CSRD applies to all…
“European Sustainability Reporting Standards are not about reporting, but about transformation.” What are the European Sustainability Reporting Standards (ESRS)? The CSRD is elaborated in the sustainability reporting standards, the ESRS. These standards contain standards and guidelines to which a sustainability report must comply. What are the ESRS requirements The sustainability report must be included as…
What is the Sustainable Finance Disclosure Regulation (SFDR)? The Sustainable Finance Disclosure Regulation (SFDR) requires financial market participants and financial advisers within the EU to disclose how they integrate sustainability risks into their investment decisions and the impact of their investments on sustainability factors. The SFDR was introduced by the European Commission as part of…
What is Global Reporting Initiative? Global Reporting Initiative (GRI) is an independent, international standard-setting organisation that helps companies, governments and other organisations take responsibility for, and clearly communicate their impact on the world. GRI provides the world’s most widely used standards for sustainability reporting covering topics ranging from biodiversity to taxation, waste to emissions, diversity…
What is the Sustainability Accounting Standards Board (SASB)? The Sustainability Accounting Standards Board (SASB) was established in 2011 as an independent organisation that develops and publishes sustainability-specific accounting standards for 77 industries. The SASB standards provide companies with guidance to publish financial material sustainability information in a standardised format. The SASB standards cover a wide…
What is the SBTi? The Science Based Target Initiative (SBTi) is a partnership between Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI) and the World Wildlife Fund (WWF). The SBTi was established to promote ambitious climate action in the private sector by enabling organisations to set science-based emission reduction…
What are the SDG’s? In 2015, the United Nations adopted Agenda 2030, a set of 17 global development goals for 2016-2030. These Sustainable Development Goals (also known as Global Goals or SDG’s) aim to ensure a prosperous, peaceful and sustainable future for people and the planet. The 2030 Agenda recognises that ending poverty and other…
What is the EU-taxonomy? The EU Taxonomy is a classification system developed by the European Union (EU) to identify and define economic activities that are considered environmentally sustainable. The taxonomy provides a framework for assessing the extent to which an economic activity contributes to one or more of the EU’s six environmental objectives: To qualify…
What is the Carbon Disclosure Project (CDP)? CDP is a non-profit organisation that provides a global system for companies, cities and states to measure and disclose their environmental impacts, risks and opportunities related to climate change, water security and deforestation. CDP reporting is widely recognised as a leading standard for environmental reporting and is increasingly…
What is the Green House Gas Protocol (GHG Protocol)? The Green House Gas Protocol (GHG Protocol) is an organisation that provides global standards for the capture and reporting of greenhouse gases for both the private and private sectors. GHG Protocol introduced the division of emissions into Scopes 1, 2 and 3 to provide a clear…
