SustainableDNA

The Top 100 Banks Running the World 🏦 The so-called "Global Systemically Important Banks" (G-SIBs) have outperformed both the Nasdaq-100 and S&P 500 in 2024. Performance YTD of leading ETFs: → QQQ: +21% → SPY: +21.8% 👉 GSIB: +25.6% Despite fears of an economic slowdown, here's why they've done so well this year: 1) Rising interest rates boosting loan profits 2) Improved credit quality & low loan defaults 3) Strong demand for investment banking services Big banks are capitalizing on higher rates. 💰

Therefore (!!) is it important to differentiate sustainability matters from sustainability information This flowchart helps sustainability professionals in utilising the correct terminology on their assessments and their disclosures. When assessing and disclosing material sustainability matters under the European Sustainability Reporting Standards (ESRS) it is important to differentiate between information and matters. Material matters begins with an assessment of the externalities of the comany. This is also given by the list of matters from AR 16 or entity-specific ones that are covered by the company itself. Two main assessments is included in the double materiality assessment. - Impact materiality: Determines if material impacts arise from the matter. - Financial materiality: Assesses if material risks and opportunities exist, unrelated to impacts. If either assessment is affirmative, the matter is deemed material. Irrespective of the outcome of its materiality assessment, the undertaking shall always disclose the information required by: ESRS 2 i.e. all the Disclosure Requirements and data points specified in ESRS 2 and the Disclosure Requirements (including their datapoints) in topical ESRS related to the Disclosure Requirement IRO-1 'Description of the process to identify and assess material impacts, risks and opportunities', as listed in ESRS and Application Requirements in topical ESRS. If a sustainability matter is deemed material after assessment, the undertaking must: (a) disclose information based on the specific ESRS requirements for that matter; and (b) provide additional, detailed disclosures if the ESRS does not cover the matter or lacks sufficient detail. Material information includes disclosures for material matters and are required based on the identified impacts, risks, and opportunities on, either material impacts, financial effects of risks and opportunities, or material risks and opportunities Disclosure Standards includes IRO-1 Disclosures and SBM-3 Disclosures. These covers general disclosure requirements about the undertaking's process to identify and assess impacts, risks, and opportunities. SBM-3 Disclosures pertains to disclosure of material impacts, risks, and opportunities from the materiality assessment. Whereas, material matters is the assessment of impacts, risks, and opportunities. It is a demonstration of the capabilities of following the methodology on double materiality. Further, a demonstration of if the company understands sustainability. The material information includes information on impacts, risks, and opportunities from strategy and business model of the company. This is a demonstration of the capabilities of converting sustainability matters into stakeholder information that relates to company operations. While the sustainability matters (identifiction and assessment) will be key to performance, the sustainability information is key to understand the operational model of the business.

🌍 Unlocking #Sustainability: The 💪 Power of #DoubleMaterialityAssessment 🌍 Credits to 🌏Yingyan LU 🚴♀️. Follow her for more sustainability content. Original post: __________ In today's rapidly evolving #business landscape, understanding the dual #impact of sustainability is no longer optional—it's essential. A standout #example of this is Ferrexpo, a leading Swiss-based #commoditytrading, and #mining company, which has #successfully implemented a double materiality assessment (#DMA) to navigate the complexities of the #Corporate Sustainability #Reporting Directive (#CSRD). 👉 Why Double Materiality? Double materiality considers two critical perspectives: 🌐 #ImpactMateriality (Inside-Out): How do Ferrexpo's operations affect the environment and society? 📑#FinancialMateriality (Outside-In): How do external sustainability issues, like regulatory changes or climate impacts, affect Ferrexpo's financial performance? 👉 Ferrexpo's Approach Ferrexpo engaged Ricardo to conduct a comprehensive DMA aligned with #EFRAG's #guidelines. Here’s how they did it: 1. #StakeholderEngagement: By collaborating with both internal and external stakeholders, Ferrexpo identified a wide range of environmental, social, and governance (#ESG) impacts. 2. #Risk and #OpportunityAssessment: They evaluated potential risks and opportunities arising from these impacts, ensuring that sustainability considerations were integrated into their core strategy. 3. #Prioritization: The assessment informed the #prioritization of material topics, allowing Ferrexpo to allocate resources effectively and develop strategies that harmonize purpose with profit. 👉Key Outcomes 🎈Enhanced Transparency: Ferrexpo gained a clearer picture of its full #environmental and #social impact, fostering trust and engagement with stakeholders. 🎯 Strategic Advantage: The insights gained from the DMA not only ensured regulatory compliance but also positioned Ferrexpo for long-term #success in a #competitive market. 🖼️ Conclusion Ferrexpo's journey exemplifies how a well-executed double materiality assessment can #transform a company's approach to sustainability. By embracing both perspectives, businesses can ⭕ create #resilient strategies that not only meet regulatory demands but also drive positive #change in society. Are you ready to unlock the potential of double materiality in your organization? Let's connect and #explore how we can navigate this journey 💚 together! __________ ♻️ Find this post useful? Feel free to share it with your network 📣 👉Follow Sustainability Infographics 📊 to learn from the industry's best visuals. #Sustainability #DoubleMateriality #CSRD #ESG #CorporateResponsibility #Ferrexpo #BusinessStrategy #casestudy #impact #change #sustainability #sustainable #business #esg

🌍 Register to join us at the Climate Change Conference on 5 November. 🍃 Join us in this much-anticipated session as we delve into national policies, private sector initiatives, and the role of financial institutions and insurers in supporting a low-carbon economy and to answer the question at hand on whether sustainable finance is well geared to transforming the industry and achieving green growth. 🗓️ 5 November 2024 ⌚️ 09h00 - 16h30 📍 Sandton Convention Centre Secure your spot now! Register to join at 🔗 https://t.ly/7y2db #⃣ #SAICAevent #ClimateChange #SustinableFinance #Sustainability Nomsa Avuyile Nkomo Tsabo Makoloane CA(SA) Viwe Tini CA(SA) Malango Mughogho, SCR Jessica Kutumela Yusuf Bodiat

Double Materiality 🌎 The evolving demands of sustainability reporting have brought double materiality to the forefront of corporate strategy. This concept highlights the importance of assessing both inward impacts—the sustainability risks and opportunities that influence a business’s financial performance—and outward impacts—the broader effects of business activities on society and the environment. Double materiality provides a more comprehensive view of what constitutes a material issue, ensuring that companies are not just focusing on financial risks but also on their societal and environmental responsibilities. This dual perspective allows for a more complete understanding of how a company's actions align with long-term sustainability goals. Key considerations: - Inward impact pertains to how environmental, social, and governance (ESG) factors can affect a company’s performance and future prospects. - Outward impact looks at how a company’s operations, products, and services affect the environment and society at large. - Disclosure of material issues—whether they pose risks or reflect significant external impacts—supports greater transparency and reinforces trust among stakeholders. Double materiality encourages organizations to integrate sustainability deeply into their decision-making processes, moving beyond compliance and toward proactive value creation for both business and society. Source: Circularise #sustainability #sustainable #business #esg #climatechange #climateaction #reporting

A comparison of the US SEC rule, the EU's ESRS, and the International ISSB standards across their key elements! A great resource from the IFC - International Finance Corporation exploring materiality, implementation dates, scope, GHG reporting, and and assurance! Hope you find it helpful! #climate #sustainability #esg #esgreporting #sustainabilitystandards #issb #esrs #sec #tcfd #sustainabilitydisclosures #esgdata #interoperability #disclosure #materiality #climaterisk #sustainability

Deloitte has published their annual 2024 CXO Sustainability Report, which surveys over 2,100 executives globally on sustainability issues. This report tracks trends in sustainability action and highlights how executives view the risks and opportunities in sustainability. My key takeaways; - 45% of companies are embedding sustainability into their core business model, and 85% of companies have increased their sustainability investments in the past year. - 70% of executives expect climate change to have a significant impact on their strategy and operations within the next three years, up from 61% last year. - 79% of businesses report feeling moderate to significant pressure from stakeholders, including customers and investors, to take more robust climate action. - 50% of companies are leveraging technology to meet their climate goals, and 48% are developing climate change related products and services. - Changing consumption patterns, driven by 64% of consumers (globally) actively adjusting their buying behaviours for climate reasons. Source: Deloitte. (2024) CxO Sustainability Report 2024. Link to report in comments.

ISO 20400 enables large corporations to manage the organizational sustainability and climate change programs of every member of the supply chain and to work with the suppliers to to the IFRS S1 and IFRS S2 reporting requirements. This will be important for the start of IFRS reporting in 2026. The document is not receiving a lot of attention as this deadline is fast approaching.

South Africa leads the way with voluntary ESG reporting