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The pace of change has never been this fast. Business leaders need solutions to help build stakeholder capital and navigate the complex dynamic of shareholder and wider stakeholder interests. We’ve evolved to help our clients adapt and thrive in an increasingly volatile, uncertain, complex, and ambiguous world.    Our future leverages the combined strengths of GPS, Di Costa Partners, Nestor Advisors, Gryphon Advisors, Citadel Magnus, FrameworkESG, HXE Partners, Powerscourt, Domestique, and Designate, as one global firm.        Join us at Sodali & Co for insights and intelligence on the issues that matter to you.

Hard to believe, but the IFRS Sustainability Standards are already a year old (and like many one-year-olds, perhaps still mastering the fine art of crawling to walking to running). But the momentum is certainly there: Jurisdictions in economies covering more than half of global GDP have adopted or plan to adopt them. Regardless of whether your jurisdiction has already adopted the IFRS Sustainability Standards, they will play a defining role in disclosures for the capital market, and we'd recommend understanding how they may fit into your disclosure plans. #ESRS #CSRD #IFRS #ISSB

It's #CDP time! Great news for the 75,000+ companies requested to disclose: CDP's 2024 questionnaire is aligned with IFRS S2, the ISSB's climate standard, as the foundational baseline for CDP's climate disclosure. CDP has also progressed critical alignment with other key standards such as the Taskforce on Nature-related Financial Disclosures (#TNFD) and the European Sustainability Reporting Standards (#ESRS), required by the #CSRD, harmonizing them in one questionnaire and dataset. CDP has also released great guidance on interoperability with IFRS S2, available here: https://lnkd.in/g3UhiXKb

A recent article reflects what we know from our own clients: the #Chiefsustainabilityofficer role has become more complex -- but we'd argue also more impactful.

Experts believe climate risk is not fully priced into most markets. Particularly problematic is the insurance market. Access to insurance is critical to the economy as well as to individuals, and rising risks and costs can impact every sector and aspect of life from real estate to retirement planning. https://lnkd.in/gVaQNxHV

Under the country’s first “climate superfund” law, Vermont plans to charge large emitters for climate-related damage to the state. The groundbreaking law, versions of which are being considered in several other states, will allow Vermont to charge companies according to the share of emissions they produced between 1995 and 2024. The legislation was inspired by the 1980 federal superfund law, under which polluters can be forced to pay for environmental cleanup costs. Our POV Regardless of whether one supports this approach or not, it is an important reminder to companies that climate policy and litigation remain important transition risks for many companies. #climatechange #transitionrisk #climatelitigation #riskmanagement #chiefsustainabilityofficer

Are you subject to IFRS Sustainability Standards? You may be soon. The IFRS S1 and S2 Standards focus on the needs of the capital markets, and more than 20 jurisdictions have already decided to use or are taking steps to introduce ISSB Standards in their legal or regulatory frameworks. Together, these jurisdictions account for: - nearly 55% of global GDP; - more than 40% of global market capitalization; and - more than half of global greenhouse gas emissions. The good news: IFRS Sustainability Standards are well-aligned on definitions of financial materiality with #ESRS, and the S2 standard, which focuses on climate change, is fairly-well aligned to both #TCFD and ESRS E1, although the latter focuses both on risks and opportunities, as does IFRS, and impacts, as does #GRI. Our POV While it is uncertain whether the US will adopt IFRS Sustainability Standards, many jurisdictions have. We'd recommend companies look at the standards, especially S2, to understand the potential overlap with existing efforts and identify potential gaps with sufficient time to plan. #IFRS #climatechange #CSRD #chiefsustainabilityofficer