Responsible Companies, Frank Bold

🌍 Exciting developments ahead for sustainability and due diligence in European legislation! 🌱 What is in the upcoming European Due Diligence Law (#CSDDD)? How does it align with the adopted Corporate Sustainability Reporting Directive (#CSRD)? As we move towards a more #sustainable economy, it's essential to understand how these legislative frameworks complement each other. Find out more in the overview below and leave a comment with your thoughts or questions ⬇

🎙 Investors shouldn't just take companies' word for what they're doing; they should investigate what the companies are actually doing regarding #HumanRights. In this new #FranklySpeaking episode, Richard Howitt welcomes Robert McCorquodale, professor of international law and human rights, and Chair of the United Nations Working Group on Business and Human Rights, to discuss their latest report on investor responsibility to respect human rights. This week, you’ll find out more about: ▪ The need for systematic integration or the consideration of human rights in relation to #ESG ▪ How #investors should and can prevent "rightswashing" ▪ A call for the EU to look again in two years at including investment in the Corporate Sustainability Due Diligence Directive (#CSDDD) ▪ Why the amendment of hard law ultimately brings about substantial and concrete change Tune in, leave your thoughts in the comments and share this conversation 🎧 ⬇ Spotify: https://lnkd.in/dHQUuBWg Apple podcasts: https://lnkd.in/dzV2bWbe

Thanks to the team at Responsible Companies, Frank Bold's #FranklySpeaking podcast for welcoming our experts Thomas Day and Frederic Hans to speak about all things corporate climate action on their latest episode!   Together with #FranklySpeaking's host Richard Howitt, they dive into the findings of our Corporate Climate Responsibility Monitor 2024 and discuss what best practices for companies can be, what to avoid, how dangerous greenhushing can be and more.   🎧 Listen on Spotify ▶ https://lnkd.in/dpVa3v_T 🎧 Or on Apple Podcasts ▶ https://lnkd.in/db5NcVyj   If you missed our Corporate Climate Responsibility Monitor 2024, where we evaluate the transparency and integrity of climate pledges of 51 major companies, you can find it here 🔗 https://lnkd.in/ee92yJyM   #ClimateAction #Sustainability #ESRS #NetZero #CorporateResponsibility #CCRM2024

🆕 #FranklySpeaking Episode: How Are Companies Faring in their Net-Zero and Climate Action Efforts in 2024? Germany's NewClimate Institute has produced and release this year’s Corporate Climate Responsibility Monitor, evaluating the transparency and integrity of climate pledges of 51 major companies across different sectors and geographies. Richard Howitt welcomes Frederic Hans and Thomas Day, lead authors of this report to discuss their findings and key recommendations to companies on their journey to net-zero. In this episode, you’ll find out more about: 💡 Good practices and what makes a business leader in climate action efforts ✅ Checklist of things to avoid if companies want to try and do this better 🔎 If the #ESRS and International Sustainability Standards Board (ISSB) Standards are improving things and if companies can feel confident in following them 📈 The need for science-based targets and what Science Based Targets initiative should do next ❓ What is green hushing and to what extent it can be dangerous Tune in, leave your thoughts in the comments and share this conversation 🎧 ⬇ Spotify: https://spoti.fi/3LaxusA Apple Podcasts: https://apple.co/3xHY8pu

❗ NEW | 2024 SOCIAL BENCHMARK The World Benchmarking Alliance has just published its inaugural Social Benchmark assessing the 2,000 most influential companies on fundamental societal expectations. Directly employing an estimated 95 million people and hundreds of millions more via their operations and supply chains and generating revenue the equivalent of 45% of global GDP, these companies play a crucial role in the 2030 Agenda to #LeaveNoOneBehind. 🔗 See their findings: https://bit.ly/SocialBM24 It's striking to see that some of the results are stagnant and still in line with our previous research conducted 4 years ago with the Alliance for Corporate Transparency (e.g the fact that just 20% conducted some steps of the Human Right Due Diligence process). These new findings highlight the crucial importance of 2024-2025 as the first years of #CSRD and #ESRS implementation, as well as the confirmation of the #CSDDD in the EU, in raising the bar for socially responsible business conduct. 📢 Business leaders need to publicly call for a level playing field as well as support the EU legal framework designed to achieve this very objective. It has been proven time and time again that ignoring environmental and social impacts is detrimental to the business development and resilience of companies, as well as damaging to national and global economies. 🤝 Get in touch with us if you wish to join public actions in support of the CSRD and CSDDD! #SocialBenchmark2024

🌱 🎙June's #FranklySpeaking podcast monthly newsletter is here!   Are you curious to hear what moves policy makers, business leaders and activists to make responsible business the norm?   Twice a month, Richard Howitt discusses the latest political, legal and business developments in the field of #ESG, corporate #reporting, business and #HumanRights. Don't miss any of it by subscribing now 👇

💻 ON-DEMAND | ESRS WEBINARS "#CSRD anxiety? Try common-sense!" is one of the key messages retained by participants from our four-part webinar series "Getting Ready for the ESRS". Last month, we organised this series to focus on key aspects for the successful implementation of the #ESRS and give practical insights to participants on how to integrate these new standards in their business practice. 🙏 Over 2,000 people gathered around business and sustainability experts such as Filip Gregor, Wim Bartels, Carlota de Paula Coelho, Caroline Rees, Christoph Töpfer, David Vermijs (and more!), who have contributed significantly to the development of the ESRS as well as those at the forefront of #ESG practice. A warm thank you to all speakers for sharing their time, knowledge, and advice! If you missed it, you can access all webinars on-demand here 👇 https://lnkd.in/dGBanhtE

REACTION | Multistakeholder Statement to the #ISSB's 2-year Work Plan This week the International Sustainability Standards Board (ISSB) presents its 2-year work plan to develop standards for companies’ reporting on #biodiversity and #HumanCapital. Our recommendations, featuring public positions from some of the largest investor and corporate associations, global institutions and leading NGOs in the fields of #environment and #HumanRights, include: 💡a strategic approach to address risks and dependencies across the entire spectrum of deeply interconnected environmental, social and governance topics (key for investors and financial institutions to consider and incorporate long-term systemic risks) 🔗 ISSB standards must be interoperable and connected with impact-related disclosures (namely GRI and the already adopted #ESRS), as well as compatible rather than competing with existing international standards and frameworks (i.e #TNFD, UNGPs, OECD Guidelines…) 🌍 the need to address impact drivers of biodiversity loss, end and reverse deforestation by 2030, taking into consideration and further developing standards on water and marine resources, pollution and circular economy ❗a strong concern over the separation of human capital and human rights risks and support to plan a coherent architecture of social-related disclosures underpinned by the process of due diligence The statement is signed by B Lab, Eurosif - The European Sustainable Investment Forum, ECOS, World Benchmarking Alliance, Mouvement Impact France, Shift Project, ShareAction, and Capitals Coalition and features public positions submitted by United Nations Environment Programme Finance Initiative (UNEP FI), WBCSD – World Business Council for Sustainable Development, Principles for Responsible Investment or the Business and Finance at the OECD. 🔗 Read it here: https://lnkd.in/dczmsffR

REACTION | Multistakeholder Statement to the #ISSB's 2-year Work Plan This week the International Sustainability Standards Board (ISSB) presents its 2-year work plan to develop standards for companies’ reporting on #biodiversity and #HumanCapital. Our recommendations, featuring public positions from some of the largest investor and corporate associations, global institutions and leading NGOs in the fields of #environment and #HumanRights, include: 💡a strategic approach to address risks and dependencies across the entire spectrum of deeply interconnected environmental, social and governance topics (key for investors and financial institutions to consider and incorporate long-term systemic risks) 🔗 ISSB standards must be interoperable and connected with impact-related disclosures (namely GRI and the already adopted #ESRS), as well as compatible rather than competing with existing international standards and frameworks (i.e #TNFD, UNGPs, OECD Guidelines…) 🌍 the need to address impact drivers of biodiversity loss, end and reverse deforestation by 2030, taking into consideration and further developing standards on water and marine resources, pollution and circular economy ❗a strong concern over the separation of human capital and human rights risks and support to plan a coherent architecture of social-related disclosures underpinned by the process of due diligence The statement is signed by B Lab, Eurosif - The European Sustainable Investment Forum, ECOS, World Benchmarking Alliance, Mouvement Impact France, Shift Project, ShareAction, and Capitals Coalition and features public positions submitted by United Nations Environment Programme Finance Initiative (UNEP FI), WBCSD – World Business Council for Sustainable Development, Principles for Responsible Investment or the Business and Finance at the OECD. 🔗 Read it here: https://lnkd.in/dczmsffR

🆕 #FranklySpeaking Episode: How To Measure Good Business and How to Make Sense of #ESG Data? To address this, Richard Howitt welcomes Richard Hardyment, head of business engagement at the Institute of Business Ethics and author of Measuring Good Business: Making Sense of #Environmental, #Social and #Governance (ESG) Data. In this episode, you’ll hear more about:  🔢 The secret about #sustainability reporting numbers 📈 The different ways in measuring social and environmental disclosures ❓ What makes a good proxy 📊 How to pick up context in sustainability #reporting? 👀 Can we measure the goodwill of the business? Tune in, leave your thoughts in the comments and share this conversation 🎧 ⬇ Spotify https://spoti.fi/3VuFQzZ Apple Podcasts https://apple.co/45tuq4b