Greenomy

Meet Artemis, your #AI Sustainability Advisor simplifying #ESGReporting 🤖 Artemis reduces your compliance burden to help you achieve your sustainability goals. Benefit from its help to 👉 Decode hundreds of pages of legal documents into clear, actionable insights 👉 Keep you updated with the most recent changes in regulations 👉 Extract and utilise the relevant data from your uploaded documents to answer CSRD-related queries Curious about Artemis? Learn more here: https://bit.ly/4cUtp8t

💡 How does #EUTaxonomyReporting work in practice? The #EUTaxonomy was released as a core pillar of the EU’s Action Plan for Sustainable Finance, which calls for a transition of capital flows towards sustainable investment. But who does it affect? When do you need to report? And what? We have gathered the EU Taxonomy essentials you need to understand the legislation and how it may affect you. Read the full article 👉 https://ow.ly/yyJE50SUupE

The #GapAnalysis is the second step of #CSRDReporting, right after the #DoubleMaterialityAssessment (DMA). Today, we explore this important step 👇 ➡️ What is it? Once companies have defined their reporting scope with the DMA, they must evaluate the gaps between their current available data and what they are required to disclose to comply with the CSRD, both in terms of quality and quantity. This step is called the #GapAnalysis. ➡️ Why is it necessary? The Gap Analysis is crucial for project planning as it allows companies to identify where the data is and who is responsible for particular data streams. Properly conducted, the Gap Analysis will equip the organisation with a set of existing datasets, a list of identified gaps to address, and a plan to mitigate these gaps. Conversely, if the Gap Analysis is inadequately prepared, the reporting team may face difficulties in streamlining the organisation around the reporting process. This could make the reporting exercise tedious and susceptible to delays, with potential oversights in both the identification of gaps and the use of existing data. — 🎓 Want to learn more about the Gap Analysis? Check out our free e-course and get your certification in just a couple of hours 👉 https://bit.ly/4d7M68m

Louis de Wergifosse, ESG expert at Greenomy, assists organisations with their EU Taxonomy Reporting. Today, he addresses 3 questions customers often ask. Discover his insights! ⬇️

💡 As an #SME, you keep hearing about #ESGReporting and #CSRD but you don’t know what applies to you? This special SME edition of the newsletter is designed to guide you! Discover which regulations apply to you, whether mandatory or voluntary, available tools to simplify compliance, and key resources to get you started.

#Greenwashing is a term frequently used however, it lacks a clear definition. In ESG reporting alone, the #CSRD and #EUTaxonomy offer different interpretations, as previously discussed. To clarify this concept, the European Supervisory Authorities (ESAs) have identified eight types of claims made by companies to serve as guidelines for recognising greenwashing. Let's explore them today 👇

💡 What is the difference between #CSR and #ESG? These terms are frequently used in discussions about corporate sustainability and responsibility, but what do they actually mean? Read our latest article to explore their differences, their origins, key differences, and why they matter for companies: 👉 https://ow.ly/WHP750SBhBg

💡While the #CSDDD will come into force with a phased-in approach starting in 2027, 90% of the world’s 2,000 most influential companies (SDG2000) are not ready, according to a study by World Benchmarking Alliance. Despite ongoing progress, companies, on average, still need to meet 75% of their responsibilities to fully uphold socially responsible business. The analysis, however, highlights that the top 10% of the most advanced companies in respecting human rights have made concerted efforts. Each of these companies has implemented at least one step of the human rights due diligence process and has committed to respecting human rights. 👉 These 2,000 leading corporations are crucial in driving change, addressing inequality and poverty. Regulations like the CSDDD aim to encourage impactful contributions to sustainable development and social challenges. — Check out the full study: https://ow.ly/jPpF50SBhpH

📌 In this month’s newsletter, discover how to kickstart your #CSRD journey with the 10 essential steps to create your #ESGReporting strategy. Then delve into the practical requirements of CSRD and explore how efficient ESG reporting softwares like Greenomy can significantly ease your compliance burden.

📌 The Corporate Sustainability Due Diligence Directive (#CSDDD) was officially published early July, marking a significant step forward in #CorporateAccountability for human rights and environmental impacts throughout corporations’ supply chains. Who needs to comply? The directive will be phased in over three years, with the largest companies in scope being the first to comply: - as of 2027: Applies to companies with over 5,000 employees and a net turnover exceeding €1.5 billion. - as of 2028: Expands to companies with over 3,000 employees and a net turnover exceeding €900 million. - as of 2029: Expands companies with over 1,000 employees and a net turnover exceeding €450 million. 👉 Follow for more #ESGreporting updates!