GIST Impact’s Post

The upcoming year is quickly approaching for the first wave of companies required to report on #CSRD regulations using the #doublemateriality approach. I am proud of the progress made by GIST Impact team in refining the tool based on market feedback to ensure it is efficient, timely, cost-effective, and thorough. It is a high time now to shift the focus towards quantitative perspective, in addition to stakeholder engagement for double materility assessment considering reporting requirement which follows this assessment. #sustainability #reporting #materiality #data #csrdregulation

💡 IVSC Invites Your Input on the 90-Day Agenda Consultation! IVSC is calling on stakeholders to share their insights during our 90-day #AgendaConsultation. We are seeking your feedback to help shape the future priorities of the International Valuation Standards (IVS). We are keen to hear your perspectives on three primary topics: 🌿 Environmental, Social, and Governance (ESG) 💻 Technology in Valuation ⚖️ Valuation Risk The consultation also addresses 19 additional significant areas such as: - Digital Assets - Private vs. Public Markets - Trophy Assets - Quality Control - Agricultural Assets - Transfer Pricing - Capital Structure Considerations Whether you are involved in conducting, preparing, reviewing, or depending on #valuations, your input is essential. Your feedback will influence the evolution of international standards and direct our efforts in the years ahead. 📝 How to Get Involved: - Download the consultation document - Fill out the online feedback form 🔗 Start here: https://lnkd.in/ePJZk4un Your opinions are vital. Together, we can refine and future-proof the #IVS for the global valuation community.

We, at International Institute of Business Valuers, are excited to share that International Valuation Standards Council (IVSC) is inviting all stakeholders to participate in their 90-day Agenda Consultation. Your insights are crucial in setting future priorities for the International Valuation Standards (IVS). Key Focus Areas: 1. 🌿 ESG 2. 💻 Technology in Valuation 3. ⚖️ Valuation Risk The consultation also covers 19 other significant topics, including Digital Assets and Transfer Pricing. Your feedback will help evolve the international standards. Get involved today! 📝 How to Participate: 1. Download the consultation document 2. Complete the online feedback form #Valuation #Standards #IVSC #BusinessValuation

Want to run a best practice #doublemateriality assessment aligned with the requirements from #CSRD #ESRS? Join our webinar "Unlock the secrets of Double Materiality". In this Socialsuite webinar I'll take you through the key components of a double materiality assessment #DMA, highlight where companies mostly struggle, and how to overcome those challenges. Even if you're not in the Australian AWST or AEST time zone, make sure to sign up for the #webinar so you'll get the recording emailed to you.

You're invited to our insightful Australian webinar on mastering the double materiality assessment, designed to help companies thrive in the evolving corporate sustainability landscape. Whether your organisation is directly impacted by the EU's Corporate Sustainability Reporting Directive (CSRD) or not, understanding and implementing these best practices can provide significant advantages. 🖥 Webinar: Unlock the Secrets of Double Materiality - Best Practices & Real-World Insights 🗓 Date: Thursday, 27 June 2024 ⏰ Time: 11:00 am AWST // 1:00 pm AEST 👨💻 Hosted by: Dr. Tim Siegenbeek van Heukelom, Chief Impact Officer 🌐 Register here: https://lnkd.in/g3QKdk2r During the webinar, our experts will discuss: - Actionable strategies to conduct a double materiality assessment effectively - Breakdown the EU's mandated materiality requirements and key CSRD-aligned steps - Why companies outside the EU should consider adopting CSRD's double materiality framework #CSRD #doublemateriality #webinar #sustainability #esg #corporatesustainability #materialityassessments

🔍 Just finished reviewing the latest release of the ESRS Set 1 XBRL Taxonomy from EFRAG, and I'm impressed by the thoroughness and clarity of the document. This taxonomy is a crucial step forward in the digitalization of sustainability reporting, making it easier for companies to convert human-readable sustainability statements into machine-readable formats. Kudos to EFRAG for developing a taxonomy that not only reflects the structure and requirements of the ESRS but also ensures compatibility with other global standards. The enhancements made post-consultation, particularly regarding the granularity of narrative tagging and interoperability, are commendable. This is a significant milestone for those of us working in corporate sustainability reporting, and I look forward to seeing how this will facilitate more efficient and transparent reporting processes across the EU. #SustainabilityReporting #XBRL #ESRS #CorporateGovernance #DigitalTransformation Venu Borra Sami Bousri Bob Gravestijn Chris Sunderman Bruno Schneider - Le Saout

#ImpactMateriality needs the science and economics of #impactvaluation to move “beyond greenwash”. Countless surveys, opinions, ratings and rankings cannot quantify #impacts The longer that regulators and standard-setters take to understand this simple truth, the less likely we are to ever align companies and portfolios to “sustainability”, in other words, to deliver public benefits whilst generating private profits rather than today’s devastating vicious cycle of #PrivateProfitsPublicLosses EFRAG

📣 The European Financial Reporting Advisory Group (#EFRAG) has launched a public consultation on the Draft XBRL Taxonomy for ESRS Set 1, along with the Draft XBRL Taxonomy for Article 8 disclosures. This public consultation, open until April 8, 2024, encourages stakeholders to actively participate in reviewing and testing the technical XBRL taxonomies. These digital frameworks are pivotal in marking up #Sustainabilityreporting in a machine-readable format. We are delighted to contribute to this vital initiative through Robin Dierckx, Head of Tech at Greenomy and appointed member of EFRAG #ESRS Digital Reporting Consultative Forum (DRCF). This is aligned with our mission to shape the future of digital #ESGReporting and to help accelerate the transition to a more sustainable future. Explore more and participate in the public consultation 👉 https://ow.ly/N6qb50QAvrk

ESRS Taxonomy Now Available in CFOUR Comply! We're thrilled to announce that CFOUR Comply has integrated the draft ESRS taxonomy into our platform! Following EFRAG's recent release of the Draft ESRS XBRL taxonomy and the initiation of a public consultation, we wasted no time in incorporating this crucial development into our system. What does this mean for you? It means easier, more efficient, and more accurate sustainability reporting for your organisation. With the ESRS taxonomy now at your fingertips within CFOUR Comply, you can navigate the complexities of sustainability reporting with confidence and ease. Already using CFOUR Comply? Dive right in and explore the new features. #CFOURComply #SustainabilityReporting #ESRS #EFRAG #XBRL #CSRD #DigitalTransformation

🌟 Insights on the EU Regulatory Landscape and Corporate Purpose: Highlights from Purpose Day 2024 🌟 Aleksandra Palinska, Executive Director at Eurosif - The European Sustainable Investment Forum, delivered a compelling keynote address at the HEC Purpose Day, shedding light on crucial aspects of the EU regulatory environment and its intersection with corporate purpose. 🇪🇺 Amidst the ongoing political campaigning for the European elections in June 2024, with regulatory activities slated to halt until September 2024, Alexandra cautioned about the potential decline in ambition for sustainable finance due to the resurgence of far-right, as per projections. Alexandra elucidated the intricate framework of EU regulations pertaining to corporate purpose, illustrating how these regulations can serve as incentives for corporate behavior and engage various stakeholders, including investors, in fostering sustainability. She delved deep into the regulatory landscape, emphasizing how the EU's sustainable finance agenda aims to facilitate companies and the financial sector in transitioning towards a climate-neutral and sustainable economy. This involves promoting private investment in sustainable projects and technologies. 📚 During her presentation, Alexandra provided a clear overview of key directives, including the Corporate Sustainability Reporting Directive (CSRD), Corporate Sustainability Due Diligence Directive (CSDDD), and Sustainable Finance Disclosure Regulation (SFDR). ✨ This enlightening event, hosted by the Purpose Center of the S&O Institute at HEC Paris and the Oxford University Centre for Corporate Reputation Center for Corporate Reputation, took place on March 5th, 2024, at the Hôtel de l'Industrie in Paris. 🎥 Watch the replay: https://lnkd.in/eDk2ZpTq 🔗 Learn more: https://lnkd.in/eNpQUMRB #HECpurposeDay #HECpurposefulLeadership #EUregulation #purpose