Nossa Data

The Science Based Targets initiative (SBTi) has released a draft of its revised Corporate Net-Zero Standard for public consultation. The SBTi invites businesses and stakeholders to provide feedback on the draft standard until June 1, 2025. This update addresses key challenges: - Scope 3 emissions: introducing flexible options for setting targets, including green procurement and revenue generation, to tackle value chain emissions - Emissions reduction focus: maintaining a strong emphasis on reducing emissions while exploring incentives to support climate finance and carbon removals - Inclusivity: making it easier for companies in emerging economies to set targets by tailoring requirements based on company size and geography - Progress validation: introducing a new model to validate and recognise progress against targets Below is an excerpt of an SBTi Monitoring Report, showing the geographic spread of science-based targets, as of December 2023. Explore the draft standard and participate in the consultation process here: https://lnkd.in/eCcEfptC #netzero #sbti #esg #nossadata

Frameworks such as the TNFD, Natural Capital Protocol, GRI, and Science-Based Targets for Nature (SBTN) provide structured guidance for assessing and reporting nature-related risks and dependencies. According to UNGC, nature reporting has become increasingly significant for companies due to several key factors: - Risk reduction and future-proofing - Competitive advantage - Supply chain resilience - Increased innovation - Access to new markets See below the breakdown of the TNFD pillars. Read more about the business case for nature here: https://lnkd.in/e442AXH4 #ungc #nature #tnfd #gri #sbtn

The Sustainability Standards Board of Japan announced the release of its finalised sustainability disclosure standards, based on the IFRS standards. These standards will form the basis of mandatory reporting for listed Japanese companies of sustainability and climate-related information. This announcement follows a mandate in 2023 by the Financial Services Agency. SSBJ’s release includes three standards, as opposed to the IFRS’s two: - Application of the Sustainability Disclosure Standards - general requirements for companies preparing sustainability-related disclosures. - General Disclosures - covers core sustainability risks and opportunities, aligning with the ISSB’s IFRS S1 framework. - Climate-related Disclosures - based on IFRS S2. The standards are expected to apply to companies listed on the Tokyo Stock Exchange’s Prime Market. #esg #ifrs #nossadata #issb

The EU Omnibus package proposes changes to the transposition of CSRD, CSDDD, and the EU Taxonomy into national laws. If approved, member states will have 12 months to implement the changes, effectively extending the CSRD deadline for some jurisdictions. Key changes include: - Reducing CSRD scope by ~80% - Delaying reporting by two years for companies due to report in 2026–2027 - Removing sector-specific and reasonable assurance requirements - Introducing an "SME Competitiveness Check" These changes may impact companies’ investments in materiality assessments, assurance, and sustainability reporting structures. A detailed breakdown written by Kyle Greenstein can be found on our blog here: https://lnkd.in/gyMUU466 #esg #omnibus #csrd #nossadata

The Australian Accounting Standards Board have finalised their sustainability standards which are aligned to the IFRS Sustainability standards. The final approval took place at the end of January this year. The Australian standards: - AASB S1 General Requirements for Disclosure of Sustainability-related Financial Information – a voluntary Standard - AASB S2 Climate-related Disclosures – a mandatory Standard. The first group of companies in scope will report their climate-related information for financial years beginning on or after 1 January 2025. #ifrs #nossadata #climatechange #sustainability #esg

Five companies have shared their experience using the new GRI 101: Biodiversity 2024 Standard, providing practical examples of how to report on biodiversity impacts. Some key takeaways: - CDL (Singapore): First-time reporting on biodiversity. - Coca-Cola HBC (Switzerland): Used Science-Based Targets for Nature in reporting. - Ecopetrol (Colombia): Transitioned from GRI 304 to the new standard. - Enel (Italy): Integrated multiple frameworks, including TNFD. - JSW Steel (India): Focused on measuring biodiversity impacts. The case studies offer useful insights for companies looking to align with the updated standard. Read more about the early adopters here: https://lnkd.in/eQqqsSM7 See more information on the topic standard here: https://lnkd.in/e6PzySJn #biodiversity #gri101 #esg #materiality #nossadata

EFRAG's latest report on Financial Reporting: What’s Ahead for 2025? highlights key developments shaping financial disclosures. Key takeaways: - IFRS 18: New requirements for presenting and disclosing financial statements - Statement of Cash Flows: Changes to improve clarity and usefulness for investors - Intangibles project: A focus on better reporting of intangible assets The report also outlines priorities from IASB and EFRAG’s work plans, with an emphasis on investor and analyst needs. Full summary here: https://lnkd.in/gkp-Dkcp #efrag #iasb #esg #nossadata

COP16 in Rome concluded with an agreement to mobilise resources for biodiversity protection. Key outcomes include the establishment of the Cali Fund to channel financial support to Indigenous and local communities, finalisation of a monitoring framework for the Global Biodiversity Framework, and commitments to improve transparency in biodiversity finance. These measures aim to support global efforts to halt and reverse nature loss by 2030. Read more about COP16 here: https://lnkd.in/e8xaXc4i #cop16 #biodiversity #sustainability #nossadata

The "Basis for Preparation" section plays a critical role in defining how companies report under CSRD. To understand these approaches, our CEO,  Julianne Flesher analysed six early reports. Key insights: - Scope & consolidation: All companies report on a consolidated basis, aligned with financial reporting. - Shifts in reporting framework: Kemira has discontinued GRI-aligned reporting, citing differing disclosure requirements. - Data comparability challenges: BAM highlights that prior-year comparisons aren’t available, as FY2024 is the first ESRS reporting year. - Improving data quality: ISS World & Sartorius acknowledge that reporting practices will evolve over time. 📄Read the full analysis on how are companies structuring their first CSRD report here: https://lnkd.in/geHkNisU #esg #csrd #sustainability #esrs #nossadata

Our CEO’s recent blog post offers an overview of three of the most prominent ESG rating agencies, MSCI ESG, Sustainalytics, and ISS ESG. In this article we focus on what we view as the big three in terms of ESG Ratings. The 3 listed also tend to have importance across all listed companies regardless of geography and sector: • MSCI ESG Research: Evaluates over 14,000 entities, assigning ratings from AAA to CCC based on exposure to ESG risks and management capabilities. • Sustainalytics: Provides a Risk Ratings framework, categorizing companies into five risk levels from negligible to severe, assessing their ESG risk exposure and management. • ISS ESG: Offers comprehensive solutions, including ESG ratings and climate analytics, evaluating companies against industry peers and international standards. Read the full article for a detailed breakdown: https://lnkd.in/g8AXPyHr Get in touch now to learn about a wider set of ESG rating agencies and how we work with clients: https://lnkd.in/exXrisn3 #esgratings #msci #sustainalytics #iss #nossadata