Organismo Italiano di Business Reporting (O.I.B.R.)’s Post

Anyone else following COP29, tech transfer and development? It seems the operationalization of the Technology Implementation Programme (TIP) has numerous discussion points. So far agreement is on the following: -build on the lessons learned from the Poznan strategic programme; -align with the Technology Mechanism assessment cycle; - inform the next GST As always, IISD has a brilliant summary of COP everyday. see here: https://lnkd.in/dNkc6FNw seems a lot of talk on finances that includes MDBs, philanthropic organizations and enabling endogenous capacities. draft negotiation texts here: https://lnkd.in/duardFxb #COP29 #Technologydevelopment #Baku

🌍 What Can We Expect from the #EUOmnibus❓ Recent leaks from the EU's Competitiveness Compass, specifically in the section titled Simpler, lighter, faster: ensuring that EU regulation is fit for competitiveness, highlight some key upcoming changes. Here’s what to anticipate for companie/groups s who fall under CSRD, EU Taxonomy and/or CSDDD ☝️: ❗️ "Unprecedented simplification effort" ❗️ "A far-reaching simplification in the fields of sustainable finance reporting, sustainability due diligence, and taxonomy" #CSRD #CSDDD #EUTaxonomy ❗️ "Tight alignment of the data required with the needs of investors, proportionate timelines, focus on the most harmful activities, financial metrics that do not discourage investments in smaller companies in transition, and obligations proportionate to the scale of activities of different companies" ‼️ "To ensure proportionate regulation adapted to companies’ size, a new definition of small mid-caps will be proposed next month. By creating such a new category of company, bigger than SMEs but smaller than large companies, up to 31,000 companies in the EU will benefit from tailored regulatory simplification in the same spirit as SMEs." #ESRS ☝️ The Simplification Omnibus proposal is set to be presented by the European Commission by the end of next month (26 February 2025) 🔜 Why This Matters: - Streamlined Reporting: Simplified requirements will make sustainability reporting more efficient and less burdensome. - Enhanced Competitiveness: Aligning regulations with investor needs and focusing on impactful activities can drive better investment decisions. - Support for Mid-Caps: The new definition of small mid-caps will provide tailored regulatory support, fostering growth and sustainability for a significant number of EU companies. 📅 Mark Your Calendars: Stay tuned for the official proposal (26 February 2025) and prepare to adapt your sustainability strategies accordingly. 📩 Need Assistance? Feel free to reach out for guidance on navigating these regulatory changes and optimizing your sustainability reporting processes!

#CSRD is now a reality for many large companies and will soon affect all companies in EU. Greenomy provides, for free, a very clear and accessible training, that I recommend for sustainability teams, as well as for board members or other stakeholders. Link in comment. #csrd #esrs #doublemateriality #reporting

The European Financial Reporting Advisory Group (EFRAG) has announced the delivery of its technical advice on the Voluntary Standard for Micro-, Small-, and Medium-Sized Enterprises (VSME). This initiative, requested by the European Commission and confirmed on December 12, 2024, aims to support non-listed SMEs in streamlining sustainability reporting and accessing green finance. Read more: https://lnkd.in/gPXvhGn4 Patrick de Cambourg Chiara Del Prete #SustainabilityStandards #SustainabilityReporting #VoluntaryStandard #VSME

Thank you CSRD Institute for the insightful lecture on the new EU regulations and requirements for the next phase of sustainability. The shift from NFRD to CSRD will lead to a significant increase in the number of companies required to submit their CSRD reports, from 11,000 to over 50,000. This includes NFRD listed companies, large companies, SMEs, and even Non-EU companies doing business within the EU. Amidst these changes, companies are presented not only with challenges but also with opportunities to grow in the right direction. Improved stakeholder relationships and the attraction of investments are among the potential benefits awaiting those who navigate the new landscape effectively. #CSRDInstitute #Sustainability #ESGReporting #CSRD #ESRS #ESG

📈 🌱 𝗪𝗵𝗮𝘁 𝘁𝗵𝗲 𝗻𝗲𝘄 𝗘𝗨 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀 𝗽𝗹𝗮𝗻𝘀 𝗺𝗲𝗮𝗻 𝗳𝗼𝗿 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 🧭 On 29 January, the EU Commission presented its Communication on a “Competitiveness Compass”, setting out its plans to improve the EU’s #competitiveness for the next years.  👉 Objectives include: 🔹 𝗙𝗼𝘀𝘁𝗲𝗿𝗶𝗻𝗴 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻, particularly in sectors like clean technology, artificial intelligence and biotechnologies. 🔹 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗱𝗲𝗰𝗮𝗿𝗯𝗼𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗴𝗿𝗼𝘄𝘁𝗵 via a Clean Industrial Deal, supporting the #transition of energy intensive sectors, the development of clean tech and clean energy production, and strengthening the circular economy. 🔹 𝗥𝗲𝗱𝘂𝗰𝗶𝗻𝗴 𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝗰𝗶𝗲𝘀 from third countries, improving economic security and develop the defence industry. 👉 To reach these objectives, the Compass highlights plans to: 🔹 𝗦𝗶𝗺𝗽𝗹𝗶𝗳𝘆 𝗘𝗨 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀, 𝗶𝗻 𝗽𝗮𝗿𝘁𝗶𝗰𝘂𝗹𝗮𝗿 𝗳𝗼𝗿 𝗦𝗠𝗘𝘀: the European Commission will come forward with #omnibus regulatory simplification packages, the first of which will target #SustainableFinance reporting, sustainability due diligence and the #Taxonomy, alongside the creation of a new “small mid-cap” category for companies with tailored rules.  🔹 𝗖𝗿𝗲𝗮𝘁𝗲 𝗮 𝗦𝗮𝘃𝗶𝗻𝗴𝘀 𝗮𝗻𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗨𝗻𝗶𝗼𝗻 to develop deeper and more liquid capital markets, as well as channel private savings, to bridge the investment gap estimated at EUR 750-800 billion per year by the Draghi report.  🔎 Eurosif is glad to see that similarly to the Draghi report, the Competitiveness Compass flags decarbonisation and the Clean Industrial Deal as a key driver for EU growth.  While we acknowledge the need for more consistency and usability of the sustainable finance rules, the regulatory “simplification effort” should not result in rolling back key rules that are essential for financial market participants to make informed investment decisions.  In particular, to “ensure better alignment with the needs of investors”, any adjustment to EU sustainability reporting rules in the upcoming omnibus simplification package should follow a thorough assessment based on the feedback of sustainable investors.    🔗 Find Eurosif’s position on the upcoming omnibus simplification package here: https://lnkd.in/eHQ-DURS 🔗 Find the Compass here: https://lnkd.in/eCPkZYQj

Omnibus? Hmm.. NO - at least not yet and not now. Lets wait for more data! Why risk 10 years of work and progress that was made in the EU around sustianability related obligations? Will it help companies? I doubt - it will create confusion. Will it help stakeholders? No - It will take us back to square 1. Will Omnibus help EU to become more competitive? No - it will hinder EU's path to being a more competitive economy set for the coming decades. Next decades will be foced on stakeholders, AI and the environment - it seems evident. Why risk EU's current position as a world leader in a transition to a more sustainable economy? What do you think?

Do you know about the new CSRD regulation from January 2025, which will require 50,000 companies to report on a number of sustainability metrics? The process could potentially be both complex and costly to businesses. In fact, the introduction of the EU's CSRD is estimated to cost affected companies approximately €320k per year (according to EFRAG - European Financial Reporting Advisory Group). We've created this guide so you can understand if your company is in scope for CSRD reporting to help you get started. And at 51toCarbonZero, we help clients to simplify the entire process, saving significant time and money and avoiding any penalty. Book a demo or chat to our team: https://lnkd.in/eBwCHsjr #MissionNetZero #CSRD #CorporateSustainabilityReportingDirective

CSRD 🤯 A lot of companies are confused about CSRD: - Am I in scope? - This year? Next year? - What if I my HQ is not in the EU? This quick guide is a good starting point to answer all these questions. 📱 Get in touch if you are still in doubt!

🔐 Key insights being shared at CeFPro’s Sustainable Finance Europe 🔐 CeFPro’s Sustainable Finance Europe Summit features a meticulously crafted agenda constructed of more than 20 sessions and delivered by over 25 speakers to ensure that attendees gain comprehensive insights advancing sustainable progress through innovation and collaborative action. You can view just some of our key sessions below or you view our view our full comprehensive agenda by clicking here: https://lnkd.in/eJ_g8V7t #ESG #Biodversity #CSDDD #TransitionFinance