The EU Commission has announced their adoption of the European Sustainability Reporting Standards (ESRS), which falls under the EU Corporate Sustainable Reporting Directive (CSRD), but what does that mean? In this blog we dive into the history of these new frameworks and directives and what they will mean for the European Economic Area (EEA).
On June 26th, 2023, the IFRS (International Financial Reporting Standards) Foundation issued their inaugural Sustainability Standards in two parts: IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and S2 Climate-related Disclosures.
Double materiality, introduced in EU reporting standards, recognizes impacts on both society and organizations. It expands sustainability reporting's scope and increases transparency and trust. It aligns with stakeholder expectations, aids investor decision-making, and promotes standardized reporting, ultimately driving sustainable practices and ESG integration.
The EU Corporate Sustainability Reporting Directive (CSRD) is a new reporting framework that will be rolled out in a phased approach from 2024 in Europe. This new regulation is going to replace and improve the previous corporate sustainability reporting policy called Non-Financial Reporting Directive (NFRD), which some companies have already been following.
Increasingly, companies are coming to us to measure their scope 3 emissions. Scope 3 emissions are not straightforward to measure, but only when you include them as well as scope 1 and scope 2 in your carbon footprint, do you get a true measure of your carbon impact.
After 12 years with Ecometrica and over 25 years of early stage private equity experience, Adrian Smith is taking well earned retirement.
Our brilliant Founder and CEO, Gary Davis, hosted a free 30 minute webinar along with CDP. Watch the recording here.
It's easy to confuse Carbon Neutral with Net Zero. Here we explain the differences of both and how to start calculating your emissions.