Erik Hansen

If we think back to 2020, we were mired in an “alphabet soup” of reporting frameworks. The common refrain from companies and investors was that we needed harmonization. The IFRS Foundation and its International Sustainability Standards Board (ISSB) have done monumental work in service of that goal as reflected in the report issued today. #corporatereporting #financialreporting #sustainability https://lnkd.in/epGkbDXr

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#ESG update: The ISSB's new two-year work plan focuses on reducing complexity and improving disclosure efficiency, supporting global implementation of IFRS S1 and S2 standards. During the IFRS Foundation Conference at London Climate Action Week, the ISSB announced significant advancements in harmonizing the sustainability disclosure landscape. By collaborating with key organizations such as the Transition Plan Taskforce, GHG Protocol, CDP, Taskforce on Nature-related Financial Disclosures, and Global Reporting Initiative, the ISSB aims to streamline sustainability reporting standards. This initiative ensures high-quality, comparable information on sustainability-related risks and opportunities, addressing the needs of investors and supporting corporate transition to a lower-carbon economy. Full announcement here: https://lnkd.in/gWKktNW8 #Sustainability #IFRS #ISSB #ClimateAction #SustainabilityReporting #CleanEnergy #SustainableFinance

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This is very helpful not only for those working directly in Circular Economy, but for any other company/manager designing sustainability strategy for years to come. As future industries are unimaginable without change towards circularity. #circularity #futureofindustry #circulareconomy

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How to tackle the new CDP reporting and what are the changes? Read our latest Waterplan (YC S21) blog post. #water #watersecurity #reporting #cdp

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ESG and sustainability data are increasingly used by investors, regulators, customers, employees, and other stakeholders to assess the sustainability and value of a company. Audits can help improve the reliability of sustainability data by enhancing data credibility and reducing the risks of errors, omissions, and misstatements. https://lnkd.in/gYR_yYSu International Federation of Accountants (IFAC) research showed 69% of companies globally obtained assurance on some of their sustainability disclosures in 2022 and were expanding the scope of their assurance engagements year over year. Thanks to 3BL, Nasdaq #ESG #reports #sustainability #reporting #investing #audit #internalaudit

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“For CSOs, it means keeping up with an alphabet soup of regulatory requirements, understanding what type of reporting is required where, and when it will come into play.” As a leader in the sustainability sector, I've observed a significant shift in our focus. What once was primarily about implementing sustainable practices has now evolved to emphasize reporting these efforts. Today, sustainability professionals are dedicating much of their time to ESG reporting. This shift raises an important question: Are we allocating enough time to actually doing the critical work itself?

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Many of my North American corporate clients have been exploring how they can enhance their materiality assessments to better meet stakeholders' demands for improved sustainability disclosures, including investors and customers that are subject to #EU #Taxonomy and #CSRD and #ESG raters and disclosure frameworks (CDP EcoVadis UN Global Compact Network USA CoP). An excellent approach is to combine IFRS Foundation Sustainability Disclosure Standards (S1-S2, SASB) and Global Reporting Initiative (GRI) Standards to conduct a double (impact and financial) materiality assessment. I'm excited to speak with Matthew Rusk and Tim Siegenbeek van Heukelom next about challenges and best practices for this approach to #DMA. Please join the webinar if you are interested.

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Great article on the complexity of ESG Reporting Regulations. https://lnkd.in/e9M9U3nF The EU's Corporate Sustainability Reporting Directive (CSRD) is just one piece of a complex global puzzle in surging ESG reporting regulations worldwide. CSRD significantly expands sustainability reporting requirements for many EU Companies and non-EU companies with substantial operations. And other jurisdictions are following suit including the US SEC's proposed climate disclosure rules,UK's Sustainability Disclosure Requirements (SDR), Japan's mandatory TCFD-aligned disclosures. In today's interconnected world, companies large and small form part of complex global supply chains. With the growing focus on ESG disclosures it is essential that businesses are aware of and understand how to navigate the overlapping and sometimes conflicting requirements of these disclosures. But with these challenges come opportunity to improve transparency and stakeholder trust, better manage risk and to ensure that your business can continue to participate in global supply chains. How is your organization preparing for these evolving global ESG reporting requirements? Are you seeing any unexpected benefits or challenges? #ESGReporting #CSRD #SustainabilityReporting #CorporateResponsibility #GlobalCompliance"

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How do the International Sustainability Standards Board (ISSB) standards, the CSRD out of Europe, and the SEC's climate rule compare? Here's a quick overview. There are common threads that run through all three. The ISSB is doing great work in aligning global reporting standards. #sustainabilityreporting #climatereporting #ISSB

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Check out the important brief by Janet Ranganathan from the World Resources Institute on "E-liabilities vs. GHG Protocol Approaches to Emissions Reporting: What you Need to Know". It's a careful and well reasoned analysis and moves beyond the "either/or" tone of some of the dialogue to date. We need multiple tools in our #GHGaccountingtoolbox - including balance sheet carbon accounting - to get the job done. The critical importance of the Greenhouse Gas Protocol (GHG Protocol) Protocol is not lessened by the existence of alternative approaches to emissions reporting. Over the 3+ years that #SB253 made its way through a highly-contested legislative process, two hallmarks of the policy were reporting in conformance with the #GHGProtocol and the inclusion of #scope3. We required the use of the GHG Protocol because it is the global leading standard and the throughput across all emerging mandatory reporting regimes. It has not only stood the test of time but it has continued to develop to meet the needs of a rapidly changing corporate reporting landscape. It's time to roll up our sleeves to support and inform the update of the GHG Protocol and drive #carbonaccounting #corporatedecarbonization #smartclimateaction and the development of a global #climateeconomy. Michael X Macrae, PhD Tatiana Roșu Dr. Alexander Nick Anna Stanley-Radière Fiona Watson Dan Lashof Diane Holdorf Katie Schmitz Eulitt, INSEAD MBA, GCB.D Melissa Romero Melanie Morelos Monica Palmeira Tate Hanna Erik Mebust Jake Rascoff Steven M. Rothstein Reed Addis Ross Zelen Kim Stone Russell Mitchell Kristina Wyatt Matthew Fisher Alex Fujinaka Neal Kemkar Emily Pierce Alexia Kelly

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With climate uncertainty increasing, the resilience of our water systems has emerged as a critical concern. As professionals committed to the sustainability and security of water resources, we must prioritize development of resilience strategies. Strategic Planning Across Horizons: Building resilience requires a forward-looking approach, with strategies that prepare us for both immediate impacts and future challenges. It involves continuously learning and adapting our methods to ensure they remain effective against a backdrop of evolving climate conditions. Resilient Infrastructure Design: Investing in resilient infrastructure is paramount. This means designing systems that can withstand the diverse threats posed by climate change, from extreme weather events like floods and droughts to long-term shifts in weather patterns. Fostering Resilient Organizations: Beyond physical structures, resilience is about creating robust organizations. This involves cultivating a culture that embraces flexibility, encourages ongoing learning, and promotes proactive engagement with community stakeholders. Continuous Evaluation and Adaptation: The journey towards resilience is ongoing. We must be vigilant in evaluating the effectiveness of our strategies, learning from past events, and continuously refining our approaches based on real-world performance and advancements in our understanding of climate science. We all play a role in ensuring that our communities remain safe and well-served in the face of climate change. Its time to engage, innovate, and collaborate to build a water-secure future. #Carollo #Resilience #Sustainability #Water https://lnkd.in/gQ49hry3

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"In a letter to the Science Based Targets initiative’s board of trustees, Leyla Ertur, H&M’s head of sustainability, said the company was concerned about the possibility of companies using carbon offsets to lower their overall carbon emissions by purchasing credits for carbon removal projects, saying that action should be taken by companies within their value chains to reduce greenhouse gas emissions." ✅ I agree. Companies should focus more on reducing ghg emissions within their supply chain rather than using carbon offsets. ✅ But H&M is a part of the fast fashion industry. ✅ The fashion industry is responsible for approximately 10 percent of global CO2 emissions and uses at least 1.5 trillion gallons of water every year. ✅ Buy less, use longer #decarbonization #ghg #fastfashion #water #landfills

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Need to find your way around the top 2024 sustainability reporting standards? Read below an useful summary that provides an at-a-glance overview and helps navigate the acronym sea.

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Attention Chief Sustainability Officers (CSOs) and sustainability consultants, Patch and Workday collaborated on a "Carbon Credit Playbook for Sustainability Officers" that completely hits the mark. The Playbook explains why carbon credits make sense for the business and for the climate; how to develop a carbon credit strategy and how to set goals; summarizes the current compliance landscape; how to reduce risks in investing in carbon projects; and how to set a budget for carbon credits. It even includes a sample carbon credit program overview. This is a VERY useful guide, people. #CSOs #carboncredits #VCM #sustainabilitystrategies #decarbonization

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Sustainability Reporting - an excellent (and short) video by Ross Maynard FCMA on IFRS S1 and S2, CFRD, EFRAG, ESRS, GRI and how they all fit together + their implications. #sustainability #sustainabilityreporting #ifrss1 #ifrss2 #cfrd #efrag #esrs #gri https://lnkd.in/dJ62m8mH

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'Impact' has been ushered into corporate reporting and decision-making by regulations (e.g. CSRD) & standards (e.g. TNFD) built on the #doublemateriality principle. Naturally, companies seek a quantitative, objective, scientifically-robust method of assessing impacts (a finance team wouldn't rely on stakeholder opinion alone to build a business case, so why base regulatory-mandated disclosures on surveys and interviews? 😆 ). The Value Balancing Alliance and International Foundation For Valuing Impacts (IFVI) have set standards for measuring impacts for years, and recently published new Impact Statement guidance that is worth checking out

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📢 IMDS (International Material Data System) is essential for automotive supply chain communication, but it doesn't manage sustainability certifications. Sustainability certification systems can complement the IMDS tool and provide various benefits: 1. Increased Transparency: ✅ Sustainability certifications standardize assessments of a material or product's environmental and social impact. ✅ This data can be used with IMDS data to provide a more complete sustainability profile of a material than just substance composition. 2. Better Risk Management: ✅ Sustainability certifications can help firms prioritize materials with lower environmental footprints or ethical sourcing by identifying environmental and social hazards. 3. Communicate smoothly: ✅ Sustainability certificates with standard data formats can be included into IMDS entries. This streamlines automotive supply chain communication and saves redundancy. 4. Satisfying Customers: ✅ Suppliers must meet sustainability standards for many automakers. Sustainability certifications show suppliers' dedication to these objectives, making them more competitive in bids. 5. Cost-saving potential: ✅ Sustainability measures can improve resource consumption and waste reduction, saving suppliers money over time. 6. Reputation Building: ✅ Suppliers can boost brand recognition and attract eco-conscious customers by showing sustainability through certifications. IMDS Limitations and Certifications: ✅ Although IMDS gives essential material composition data, it doesn't examine the environmental or social effect of material source or production. ✅ Sustainability certificates supplement the IMDS with a more holistic picture. Conclusion: Sustainability certification systems help improve automotive supply chain communication, risk management, and sustainability with the IMDS platform. IMDS focuses on material composition, but certifications reveal materials' environmental and social footprints, enabling informed decision-making and a more sustainable automobile sector. . . . . you can reach me at - manjunath.c@globalpccs.com . . #globalpccs #training #imds #esg #esgreporting #esgstrategy #compliance #ChooseSustainable #SustainabilityMatters #SustainableFuture #DriveChange #RaceToZero #TogetherForSustainability #sustainablemanufacturing #automotivesustainability #supplychain #greenautormotive #ecodesign #circulareconomy #corporatesocialresponsibility #certifications #environment #socialresponsibility Activate to view larger image,

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