Schneider Electric Sustainability Business’ Post

🤔 Has your business reported on #CBAM already? 🌍 The EU's Carbon Border Adjustment Mechanism (#CBAM) aims to level the playing field for EU and international manufacturers by enforcing carbon emission reporting for importers. There have been two reporting periods so far so we're able to draw some learnings from this initial phases. 📊 What will be the main challenges? Gathering data from suppliers and establishing internal ownership within companies. 🌐 Despite these hurdles, CBAM is encouraging other countries to adopt similar carbon fees, aiming for global impact on trade and emissions regulation. Read more about CBAM's first reporting periods and related upshots in this article written by Jules Cordillot: https://lnkd.in/e44P6MBB

What does the CBAM mean for business? Businesses should already start preparing to adapt to the upcoming changes that are almost upon us. Amongst the most urgent for EU companies to align themselves with the CBAM regulation is the adherence to reporting obligations from 1 October 2023. Reading more here.

CBAM affects thousands of companies. An insightful snippet from Die Presse delves into the topic of EU CO2 border adjustment, however many can be left with questions. To learn more about CBAM and to understand what support Tset provides, you can read our blog article to find your answers. You can read our article here: https://lnkd.in/dTGCsqei #Tset #CBAM #CostEngineering

Regulatory Agenda For 2024 The maritime sector, a pillar of global trade and investment, is currently navigating an ever-changing regulatory environment that shapes its current state and future. Looking ahead, a few key elements are driving the regulatory landscape for the maritime sector. #SKANReg #settingtherightcourse #skanregistry #shippingindustry #maritimeindustry #regulation #imo

🆕📝The EU’s Carbon Border Adjustment Mechanism (CBAM) first reporting period closed on January 31st. On the blog, EcoActor Chimdi Obienu breaks down the key lessons learned from the first reporting period and explains: 1. Why starting early is key 2. Why clearly defining internal processes will help with accountability 3. The need to prioritise supplier engagement 4. How to prepare for impact and assess costs and risks 🔗👉Read now: https://hubs.li/Q02lN9GX0 #CBAM

The EU's Carbon Border Adjustment Mechanism (CBAM) has officially arrived! Read here for a quick summary of key findings from the first reporting period.   Over the next decade, CBAM will evolve into a key pillar of EU climate policy, and other countries are sure to follow this approach. It's about more than regulatory compliance, it's about reshaping how companies approach their entire supply chains. Want to learn about how you can prepare for this shift?   2024 is set to be a big year for carbon markets - expect many more updates from EcoAct in the coming months. #cbam #supplychains #decarbonization

Interesting post from Muir AI on the EU's Carbon Border Adjustment Mechanism. A few snippets: "CBAM requires importers into Europe to calculate and declare greenhouse gas emissions associated with goods including cement, iron and steel, aluminum, fertilizers, electricity and hydrogen." "Supply chain sustainability leaders should follow these four key steps in order to accurately comply with emissions reporting while also forging long-term resilience: 1. Determine applicability of CBAM 2. Find a partner to help with regulatory reporting 3. Streamline reporting processes 4. Prepare for cost and tax impacts" I'd add that step 5+ gets into some interesting areas as well. Such as, encouraging your suppliers to find low/no-carbon alternative sourcing and production processes. And/or finding suppliers who will. . . . #sustainabilityleader #scope3 #cbam #eu

🚨Level Up with Our Latest Updates! We’re thrilled to introduce the latest features in our #sustainability software designed to streamline compliance with new EU #sustainability regulations, including the EU’s Carbon Border Adjustment Mechanism (#CBAM) and Corporate Sustainability Reporting Directive (#CSRD). Check out what’s new: 🌟 CSRD Compliance: Our new CSRD compliance capabilities will enable you to assess how ready you are to comply, understand what you need to report through a rigorous double materiality assessment, and ensure your compliance by collecting all of the relevant material sustainability data. These new features will take you from start to finish in one fully auditable and traceable platform, simplifying and streamlining reporting with the complex CSRD. 🌟 CBAM Compliance: This new feature gives companies that are exporting goods covered by the EU's CBAM the footprint of their products using CBAM default values. Giving them an easy way to share the emissions of products with their EU customers and a good idea of how much more their products will cost when the border tax is fully implemented in 2026. Ready to explore these enhancements? Request a demo now to see Good.Lab's sustainability platform in action and keep up to date with our product updates here: https://hubs.ly/Q02Dfyqy0

Navigating the EU ETS Regulation in Denmark 🧭⚖ Since 1 January 2024, the shipping sector has been incorporated into the existing EU Emissions Trading System (ETS) Regulation – also known as the “cap and trade” system. Our specialists Camilla Søgaard Hudson and Johannes Grove Nielsen provide an overview of the most important aspects of the ETS Regulation and how it will be administered in Denmark in this new expert focus article from Chambers and Partners. Follow the link below to read the article 👇 #BechBruun #ChambersExpertFocus #Shipping

From 1 January 2024, vessels over 5,000 GT operating within EU waters have to comply with the EU's Emission Trading System (ETS). The EU has now published its Implementing Regulation clarifying some of the questions on how a shipowner can transfer responsibility for compliance. However, some important questions around mandating remain unclear. #marineinsurance #ets #emissions #eu #europeanunion #gard https://lnkd.in/eBezryt5