There’s been huge growth in the number of environmental, social, and governance regulations in recent years. Since 2019, the volume of mandatory and voluntary regulations has more than doubled. Our new downloadable C-Suite Guide focuses on recent key ESG policy changes (those from the first quarter of 2024) with practical steps to ensure your organization’s governance framework and ESG strategy align with them. Understand the latest regulatory developments ranging from the Washington Climate Corporate Data Accountability Act, the long-awaited SEC Climate Disclosure Rule, the Corporate Sustainability Due Diligence Directive (CSDDD), the EU Data Act, and the revised UK Corporate Governance Code. Download the guide now: https://lnkd.in/eu2cK3Sg. #ESGStrategy #ESGRegulations #Governance #CorporateSustainability
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Datamaran ESG Strategic Data for the C-Suite to make clear concise decisions in the direction of your Company….. …..alternative? Subjective “information” collated by manual archaic processes!! #esg #smartesg
There’s been huge growth in the number of environmental, social, and governance regulations in recent years. Since 2019, the volume of mandatory and voluntary regulations has more than doubled. Our new downloadable C-Suite Guide focuses on recent key ESG policy changes (those from the first quarter of 2024) with practical steps to ensure your organization’s governance framework and ESG strategy align with them. Understand the latest regulatory developments ranging from the Washington Climate Corporate Data Accountability Act, the long-awaited SEC Climate Disclosure Rule, the Corporate Sustainability Due Diligence Directive (CSDDD), the EU Data Act, and the revised UK Corporate Governance Code. Download the guide now: https://lnkd.in/eu2cK3Sg. #ESGStrategy #ESGRegulations #Governance #CorporateSustainability
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MANDATORY CLIMATE REPORTING IS HERE | Today marks a significant milestone in Australia, as the bill introducing mandatory climate reporting has officially passed both houses. This isn't just a regulatory shift - it's a transformation in corporate governance. ASIC chair Joe Longo has previously referred to ESG disclosures as “the biggest changes to financial reporting and disclosure standards in a generation.” This new framework demands companies to enhance the transparency of climate-related risks and opportunities within their organisations and integrate these considerations into governance and strategy. It’s not just about compliance; it’s a shift in mindset. What next? Boards must be as comfortable with their climate-related disclosures as they are with financial reports. This will take time and preparation given the complexity of the standards. The progress of the law is a call to action to start now. Now is the time to: 1. Determine if/when your organisation is captured. 2. Engage your board and ensure understanding. 3. Align your reporting approach with the new requirements. The reporting obligations will apply on a phased approach. Chapter 2M reporting will need to comply from FY25. For more about group 1, 2 and 3 see here- https://lnkd.in/garNFSn7 If you have any questions or need guidance, our dedicated ESG specialists are ready to assist you every step of the way. Reach out to our team Emma Peters Barbara Vrettos Alexandra Kenny Kate Lawson #CorporateGovernance #ClimateReporting #ESG #BoardEngagement #Compliance #Sustainability #CommercialLaw #ASIC
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MEDIA FEATURE | ESG specialist Emma Peters is featured in Lawyers Weekly discussing the upcoming bill to introduce mandatory climate reporting in Australia, set to be debated in the Senate this week. This bill is expected to become one of the most significant new regulatory changes for Australian businesses in decades. Emma highlights the urgent need for businesses to establish strong internal processes, not only to meet these new requirements but also to avoid risks of non-compliance, including potential litigation and reputational damage. #ESG #ClimateReporting #RegulatoryCompliance #Sustainability #CorporateGovernance #BusinessRisk #LegalCompliance
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Our strategic partner and ESG specialist Emma Peters highlights the urgent need for businesses to establish strong internal processes, not only to meet these new requirements but also to avoid risks of non-compliance, including potential litigation and reputational damage. #ESG #ClimateReporting #RegulatoryCompliance #Sustainability #CorporateGovernance #BusinessRisk #LegalCompliance
MEDIA FEATURE | ESG specialist Emma Peters is featured in Lawyers Weekly discussing the upcoming bill to introduce mandatory climate reporting in Australia, set to be debated in the Senate this week. This bill is expected to become one of the most significant new regulatory changes for Australian businesses in decades. Emma highlights the urgent need for businesses to establish strong internal processes, not only to meet these new requirements but also to avoid risks of non-compliance, including potential litigation and reputational damage. #ESG #ClimateReporting #RegulatoryCompliance #Sustainability #CorporateGovernance #BusinessRisk #LegalCompliance
Lawyers, cash cows, and ESG
lawyersweekly.com.au
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Financial institutions operating in France are subject to non-financial disclosures under Article 29 of the French Law on Energy and Climate. Disclosures include: ▶ General approach to #ESG criteria, including investment policies and strategy ▶ Internal resources deployed by the firm ▶ Governance, oversight, and monitoring of ESG criteria ▶ Engagement strategy ▶ EU Taxonomy disclosures and exposure to fossil fuel ▶ Alignment with the Paris Agreement including any targets and the use of benchmarks ▶ Biodiversity footprint indicator and how it’s been used ▶ How are ESG criteria integrated into risk management Get in touch with our team to build your report, and align with current regulations in France and the #EU 👉 https://lnkd.in/d8dtN-MA Jerome Matt, cesga® | Víctor Fernández Hurtado | Serhat Öngen | Tom Willman #techforgood | #regulatorycompliance
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Australia’s game-changing law on mandatory climate reporting starts January 2025, and this is exactly the kind of push businesses need, to become truly accountable. Globally, similar moves are gaining traction. Here’s a brief overview: -Australia’s Law: Large companies will now need to report their climate risks under various warming scenarios (including 1.5°C), integrating environmental impact into their financial strategy. -The U.S.A: The SEC’s regulations aim to standardize disclosure of long-term risks tied to environmental factors. It ensures investors and stakeholders have a clear view of a company’s sustainability trajectory. -The EU’s CSRD: The Corporate Sustainability Reporting Directive is even more comprehensive, demanding detailed reporting on all factors of ESG. -The U.K.’s TCFD: Mandatory Task Force on Climate-related Financial Disclosures (TCFD) ensures companies outline how climate impacts their governance and financials. Why It Matters Globally? Standardized reporting can help reduce the financial risks associated with climate change. If businesses don’t adapt now, they risk becoming obsolete in a climate-conscious market. Regulations like these are no longer just a compliance issue. They are a blueprint for survival and growth in the coming decades. Major carbon-emitting nations must lead with such regulations. How are you adapting to changes in the regulatory landscape? #ClimateReporting #ESG #CorporateGovernance #ClimateRisk #FutureProofing
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The News from The Queue® is in --> 🌎 Companies Seek Legal Help Amid New Climate Disclosure Regulations 🌎 Companies are grappling with conflicting ESG regulations as the U.S., EU, and California implement differing climate disclosure mandates, creating significant challenges. A Thompson Hine report reveals that 41% of public companies see conflicting ESG requirements as their biggest short-term challenge. Previously, the SEC, California, and the EU had differing reporting requirements, creating complexities for companies. The SEC’s regulations are currently paused due to litigation. At Quintairos, Prieto, Wood, & Boyer, P.A., we understand the significance of these regulatory changes and are committed to providing clarity and guidance for compliance. READ MORE about this legal update on The Queue: https://lnkd.in/g7zPkt5F #ESG #ClimateDisclosure #Regulations #SEC #EU #CaliforniaLaw #LegalUpdate #CorporateLaw #Sustainability #QPWB #LawUpdate
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SEC is not an environmental regulator, it’s ‘merit neutral,’ enforcement director says “ESG issues are increasingly material to investors,” said Gurbir Grewel, director of the SEC’s Division of Enforcement. “It is therefore crucial that when companies speak about the host of issues that may fall under the rubric of ESG – whether climate, social, corporate governance or others – they do so in a way that’s not materially false or misleading.” Elaborating further on that theme in an address Friday to a Ohio State Law Journal Symposium on environmental, social and governance issues, Grewel said ESG “speaks powerfully to trust in the securities industry” because it reflects investors’ values. However, the SEC is “merit neutral,” Grewel added. “We are not here, for example, to judge whether a company’s operations contribute to climate change or are otherwise harmful, or beneficial, to the environment. … We are here to protect investors, and if they care, then we care. And in that case, we have a duty to ensure that companies speak truthfully on these topics.” This story can be read in its entirety on the Wolters Kluwer Vital Law site at https://lnkd.in/gT6ga7XD. As reported by Suzanne Cosgrove. #InvestorValues #InvestorProtection #ClimateChange
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https://lnkd.in/gjMwYVhY It’s unclear when, or if, companies must start complying with the SEC and California requirements. The SEC paused its rules in April after facing several lawsuits. California Gov. Gavin Newsom (D) is pushing to delay reporting from 2026 to 2028, as his state fights a legal challenge. The SEC’s rules have garnered the most attention from public companies, with 85% preparing to comply despite the legal challenges, according to Thompson Hine’s survey. Only 63% are preparing to follow EU’s Corporate Sustainability Reporting Directive, while just 35% are getting ready for California’s climate disclosure requirements. Nearly half of public companies are requiring emissions data from their suppliers, the survey found. This data would help with compliance under any Scope 3 requirements. Private companies are less interested in getting ready for any of the rules. State of California AICPA International Accounting Standards Board (IASB) Thompson Hine LLP Blog – ESG – Lack of Clarity ESG Reporting Rules - https://lnkd.in/gZZkwS3W
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🌍 Mind the Gap...Global impacts of the EU Green Deal regulations The #SFDR, #CSRD, and #CSDDD as part of the European #Greendeal serve distinct yet complementary roles in enhancing corporate accountability through sustainability disclosure, reporting, and due diligence processes. As we approach the third quarter of 2024, businesses need to gain insights into the Green Deal's direction for the next five years. After the recent European elections, a potential second term for Ursula von der Leyen could maintain a strong focus on the Green Deal, with an increased emphasis on its economic dimensions. Here is an overview 1️⃣ 𝗖𝗦𝗥𝗗 𝖢𝗈𝗋𝗉𝗈𝗋𝖺𝗍𝖾 𝖲𝗎𝗌𝗍𝖺𝗂𝗇𝖺𝖻𝗂𝗅𝗂𝗍𝗒 𝖱𝖾𝗉𝗈𝗋𝗍𝗂𝗇𝗀 𝖣𝗂𝗋𝖾𝖼𝗍𝗂𝗏𝖾 Disclosure of ESG metrics, e.g. Environmental: Climate change mitigation and adaptation, water conservation, resource use, pollution, and biodiversity. Social/ Human Rights: Equal treatment, #DEI metrics, working conditions. Governance: Internal controls mechanisms, risk management, Third-party risk management 2️⃣ 𝗦𝗙𝗗𝗥 𝖲𝗎𝗌𝗍𝖺𝗂𝗇𝖺𝖻𝗅𝖾 𝖥𝗂𝗇𝖺𝗇𝖼𝖾 𝖣𝗂𝗌𝖼𝗅𝗈𝗌𝗎𝗋𝖾 𝖱𝖾𝗀𝗎𝗅𝖺𝗍𝗂𝗈𝗇 Focus on transparency and preventing #greenwashing. Disclosure of negative ESG impacts, integration of ESG risks in decision-making and disclosure of remuneration policies in organizations. Impact of sustainability metrics on Fund- and Product Level and annual Principal Adverse Sustainability Impact Statements (PASIS). 3️⃣ 𝗖𝗦𝗗𝗗𝗗 𝖢𝗈𝗋𝗉𝗈𝗋𝖺𝗍𝖾 𝖲𝗎𝗌𝗍𝖺𝗂𝗇𝖺𝖻𝗂𝗅𝗂𝗍𝗒 𝖣𝗎𝖾 𝖣𝗂𝗅𝗂𝗀𝖾𝗇𝖼𝖾 𝖣𝗂𝗋𝖾𝖼𝗍𝗂𝗏𝖾 Active management and mitigation of adverse environmental and human rights impacts thorough due diligence processes of partners and suppliers, ensuring companies uphold both legal standards and ethical responsibilities along their #SupplyChain. #ESG #Sustainability #Compliance #taxonomy #CorporateResponsibility #sustainablebusiness #ESGStrategy #taxonomy Picture Source: https://lnkd.in/eaBtS2x7
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