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Which EU sustainability regulatory initiatives will affect the food sector? 🍎 🥗 🏭 🚜      Read the EMEA Sustainability Regulation Hub’s latest report providing an EU regulatory outlook for sustainability and food: https://lnkd.in/eXMNYHcr    In our report, we cover:   📦 A summary of the relevant regulatory initiatives and how they affect supply chain actors and commodities.   📊 An overview of the impact of each regulatory initiative on business functions, to help firm plan and prioritise their response.  The sustainability legislation covered in this report will create challenges and opportunities for our clients, and necessitate significant investment and business transformation.  Please get in touch with any questions.  Randy Jagt | Simone Pelkmans | Rozemarijn Bloemendal | Simon Brennan | Laura MacKay | Iris Mol | Floris Kets | Tanya S. | Iris van Bijsterveld-Hielkema    #Sustainability #Deloitte #EUGreenDeal #EMEASustainabilityRegulationHub #FutureofFood

Real foodies demand Real impact 🍅🍔🥑🍤 Check out our latest report from the EMEA Sustainability Regulation Hub, providing an EU regulatory outlook for the food sector! With the upcoming #EU Green Claims Directive, strategic review and potential revamp of marketing communications are crucial to avoid significant branding issues if greenwashing is found. Financial implications could be substantial, with potential rebranding, claim adjustments, and the costs of calculating emissions and verification. Operationally, backing up green claims with data and upskilling teams is essential, along with rigorous checks and documentation🌎 At Deloitte, we can support you in this journey to transparent and trustworthy information with robust integrity mechanisms and innovative digital Measurement, Reporting, and Verification (#dMRV). Reach out to our for an orientation on how to substantiate your voluntary environmental claims🌟 Sebastiaan Verdonk Kim Schneider #sustainability #greenclaimsdirective #ESG #futureoffood

Here it is! An overview of food-related sustainability regulation 🥕🍓 Deloitte can help you navigate this, and define what regs are most impactful to your company 🟢

Forsyth Barr’s latest ESG Insights report excerpt sheds light on evolving international commercial pressures and the proactive steps taken by companies to navigate the rapidly evolving sustainability frontier. I found the following points particularly interesting: 1️⃣ With international giants like Nestlé and Tesco pushing for greener supply chains, New Zealand companies are facing heightened expectations to authentically embrace sustainability. 2️⃣ The shift goes beyond mere measurement of greenhouse gas emissions; now, companies are compelled to actively reduce their carbon footprint, as demonstrated by Fonterra's ambitious emission reduction targets. 3️⃣ And, it's not just about reducing emissions; it's about fostering a low-carbon economy, as evidenced by Nestlé's willingness to pay more for sustainably sourced milk. 4️⃣ This year most NZ-listed companies are proactively disclosing climate-related information, setting the stage for a more transparent and accountable business environment. This will have a ripple effect on the reporting requirements of companies in their supply chain. 5️⃣ As climate reporting becomes standard, attention is expanding to encompass nature-based risks and modern slavery, indicating a broader commitment to responsible business practices. I see 2024 as a pivotal moment for NZ businesses, as we adapt at pace to meet the demands of a changing world. #Sustainability #CorporateResponsibility #ClimateAction #BusinessInnovation #NZBusiness #FutureofWork

I have an ASK! Does anyone can share with me on carbon footprints and how to calculate ESG/ carbon emission? As you guys know, I'm running piggyback Singapore, a strong advocate of food sustainability however I was shared with different ways of ESG calculation and wonder if there's any standardization across and what would be relevant for my industry/ or rather use case? #ESG #foodsustainability

The Sustainability Heat is on. Companies in various sectors such as financial, agriculture, food, and energy will need to incorporate climate-related disclosures in their sustainability reports under a phased-in scheme initiated in June. This requirement will extend to large non-listed companies starting from the 2027 financial year, positioning Singapore as the first country in Asia to mandate such disclosures from non-listed companies. #cdrreporting #esg #Sustainability (https://lnkd.in/gvahWUmQ)

As sustainability trailblazers, practitioners can help socially and environmentally aware businesses to articulate and quantify their goals, enabling clients to understand and address the sustainability issues that will contribute to their long-term success. On our hub for Creating Tomorrow’s Practice Today, James Lizars of Thrive Accountants explains why if you or your clients are part of a B2B supply chain, chances are that you are already pledged to net zero. In a short video, he takes you through some jargon that is going to be increasingly used as we go through this decade - scope 1, scope 2 and scope 3 greenhouse emissions - https://lnkd.in/ei6bJzrK. Read how other practitioners are embracing sustainability and find resources to help you create a more sustainable world on our hub at https://lnkd.in/ehCJmcTP #acca #taketheleap #startyourpracticejourney

Thanks Matthew Tan for sharing. I would like to add: "Sustainability demands stewardship, not just leadership. And that responsibility falls not only on governments, but even more critically, on the private sector" Fourth generation business steward and founder of OCTAVE Institute Limited Chavalit Frederick Tsao wrote about his vision on creating a Well-Being Economy. Mr. Tsao advocates for business to be in the forefront of this transformation: that it is well positioned to answer the United Nation's call to creating a new market economy and shift from the current Gross Domestic Product to Gross National Happiness. Business reform is pivotal, to bring out the nature of business ethics to create a market economy of impact towards well-being of all. This takes Sustainability to the next level - perhaps the only way out of the political stalemate we are witnessing around the world. Love to hear your thoughts. Lawrence Loh Chavalit Frederick Tsao Niap Juan Loh Dr. Kenneth Tan Bernard L. Source: https://lnkd.in/gr9hJAmt

We're a week away from the Capital Markets Malaysia ESG Week and delighted to witness the tremendous response to the carefully curated a series of workshops designed to provide corporate sustainability professionals with actionable insights and practical examples to help businesses become sustainable, faster. Join us at Securities Commission Malaysia, from 13th to 17th May 2024!We're grateful to the subject matter experts who have committed their time and resources to sharing their ESG expertise at these workshops:   Workshop 1: ESG Essentials for SMEs SUDARSAN CHANDRA SEKHARAN UN Global Compact Network Malaysia & Brunei Workshop 2: Circular Economy for Businesses Dave Sivaprasad Boston Consulting Group (BCG) Roberto Benetello Malaysian Recycling Alliance Melvyn Lim PETRONAS Adnan Pawanteh Nestlé Thomas Chhoa Alliance to End Plastic Waste   Workshop 3: Making Sustainability Relevant to Every Department in Your Company Margie Ong Thoughts In Gear (TIG)   Workshop 4: Supply Chain Resilience, Ethics & Environmental Responsibility Yulia Dobrolyubova Charlie Knaggs Samira Olei ERM Workshop 5: Small Business, Big Impact. Sustainability Reporting for SMEs Dr Allinnettes Adigue Global Reporting Initiative (GRI)   Workshop 6: From Commitment to Action: Insights into Climate Transition Plans and APAC Readiness Sam Cheung CDP Asia Pacific CDP   Workshops 7: Sustainable Financing for SMEs Dr. Ken Yeoh Fan Wai Mok, CA,  Joint Committee on Climate Change (JC3) SME Focus Group (SFG)   Attendance to the Capital Markets Malaysia ESG Week workshops is complimentary for all Malaysian companies. However, seats are prioritised for corporate sustainability staff from PLCs and SMEs for whom these workshops are intended. Pre-registration is required: https://lnkd.in/deQ45xmq #esg #sustainability #corporatesustainability #sustainablefinance #transitionfinance #transitionstrategy #sustainabilityreporting #circularity #circulareconomy #supplychainsustainability #capitalmarkets #malaysia

Another insightful Masterclass from The Matcha Initiative! 🌍 In our recent session, we delved deep into European sustainability regulations and their implications on Asian stakeholders. Asian companies big and small, regulators, or NGOs can’t ignore them. And at the same time, it appears clearly that without a proper IT system, it will be very difficult to meet the requirements! Our presenters Prakash Natarajan and Bhavani Prakash co-founders of #sustainableGaia showed extensive experience in sustainability strategy and compliance reporting, emphasizing the evolving regulatory landscape and the importance of systemic risk management. Key Takeaways: 🔹 EU’s Commitment to Climate Action: The EU’s legally binding target to achieve net-zero greenhouse gas emissions by 2050 and the ambitious European Green Deal aims to reduce emissions by at least 55% by 2030. 🔹 Understanding EU Regulations: A comprehensive overview of the EU taxonomy, SFDR, and CSRD was provided. These regulations aim to standardize sustainability reporting, prevent greenwashing, and ensure transparency in ESG investments. 🔹 Implications for Asian Stakeholders: • Asian Regulators: Will ultimately align local regulations with EU standards. • Large Companies and SMEs: Must assess their entire value chain for ESG impacts, risks, and opportunities. • NGOs and Sustainability Professionals: Increased workload and opportunities to engage with communities and companies. • Financial Institutions: Greater scrutiny and need for transparency in sustainability-related investments following EU taxonomy. Additional Insights: 🔹 Corporate Sustainability Due Diligence Directive (CSDD): Companies must identify, discuss, and address potential and actual adverse human rights and environmental impacts, including their entire value chain. This directive emphasizes contractual cascading of due diligence and holds companies accountable for their business partners’ compliance. 🔹 Carbon Border Adjustment Mechanism (CBAM): Designed to prevent carbon leakage, CBAM requires importers to apply for certificates covering the carbon emissions associated with their products. 🔹 Deforestation-Free Products Regulation: Ensures that products imported into the EU, such as cocoa, coffee, and palm oil, do not contribute to deforestation. 🔹 Digital Product Passport: Aims to prove the embedded carbon or circularity in products, enhancing transparency and comparability. Participants discussed the impact of EU regulations on various Asian stakeholders, providing a practical understanding of the regulatory landscape and its far-reaching effects. As sustainability professionals, we must stay informed and proactive in adapting to these regulatory changes and must take strong organisational and system decisions for that. #Sustainability #ClimateAction #EURegulations #SustainableFuture #GreenEconomy #AsianStakeholders #EnvironmentalImpact #CSR #TheMatchaInitiative Anne Langourieux