Anette Rey

TIC Council’s ESG Director, Marc Boissonnet, will be speaking at the event *CSRD: Implementation and Beyond* on 15 May at the European Parliament! Hosted by MEP Pascal Durand and organised by the Global Reporting Initiative (GRI) in collaboration with Lefebvre Sarrut, the event will dive into the Corporate #Sustainability Reporting Directive (CSRD), its implementation and how it will impact companies across the #EU. With the adoption of #CSRD in December 2022, the #EU took a significant step toward standardised #SustainabilityReporting and enhanced #transparency of companies' environmental and social impacts. The #TIC sector is recognised as an Independent Assurance Service Provider under CSRD, enabling companies to use our sector’s longstanding expertise in sustainability assurance for their reporting obligations. During the event, the CSRD Essentials - a comprehensive set of briefings designed to navigate the complexities of the new directive - will be released! Find out more 👉🏼 https://lnkd.in/dxNHienH #trust #testing #inspection #certification #GlobalStandards

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📰 𝗡𝗲𝘄𝘀: 𝗥𝗲𝗳𝗼𝗿𝗺𝗲𝗱 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮 𝘀𝗮𝗳𝗲𝗴𝘂𝗮𝗿𝗱 𝘀𝗰𝗵𝗲𝗺𝗲 𝗳𝗮𝗰𝗲𝘀 𝘂𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝗶𝗲𝘀 | 𝗔𝗿𝗴𝘂𝘀 𝗠𝗲𝗱𝗶𝗮 Australia’s Carbon Market Institute (CMI) organised a symposium in Canberra to mark the first anniversary of the reformed safeguard mechanism. The scheme is one of the key policies supporting Australia’s emission reduction target of 43% by 2030, but key uncertainties need to be clarified by the government to unlock more decarbonisation investments, market experts warned: By Juan Weik: https://okt.to/m6UT23 #ArgusMedia #ArgusVCM #ArgusAustralia #CarbonMarkets

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After one short night and a couple of long days, it’s time to try to make sense of all the excel sheets full of electoral results and majority calculations and reflect on what lies ahead for future #sustainability policies. Here are some quick takeaways from the Weber Shandwick team in Brussels on how the next five years could look when it comes to the #GreenDeal: ⚖ The widespread notion that ‘the center holds’ is ringing true due to the prevalence of the EPP, S&D and Renew (the likely backers of a Von der Leyen II Commission, maybe with the Greens?) who will certainly ensure continuity for the Green Deal and its policies. ➡ The surge in climate-skeptic/denial extreme right parties will polarize debates to a new level, conditioning the Parliament’s ability to form pro-Green Deal majorities. 👛 There is a good chance that conversations will re-focus on the economic and industrial competitiveness aspects of the Green Deal, as already anticipated during the campaign. The other side of the coin might be the Commission's opportunity to develop a dedicated social strategy accompanying green policies. 🌹 The S&D might be in a comfortable position to demand key positions within the new College. One of the group’s candidates will be Teresa Ribera, who aspires to assume an Executive position including competences for the Green Deal. Socialists, Liberals and Greens have already supported her candidacy (probably as a counter-weight to the pressure that Von der Leyen herself might be getting from her own group to ‘rationalize’ green policies’). ☘ Expect more changes, but don’t stand still. Sure, it might still be too early to draw bold conclusions, and as proven in previous years every term hides good regulatory surprises; but something that looks certain is that we will see more Green Deal in Brussels and beyond, and from Weber Shandwick we will be there to support it. For more on this topic, and some key takeaways from the perspective of our Health and Tech experts, check out our EU Election Insights here.

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𝗧𝗵𝗲 𝗡𝗲𝘄 𝗖𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝘃𝗲 𝗤𝘂𝗮𝗻𝘁𝗶𝗳𝗶𝗲𝗱 𝗚𝗼𝗮𝗹 𝗼𝗻 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗲: 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗿𝗲𝗳𝗹𝗲𝗰𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗿𝗼𝗹𝗲 𝗼𝗳 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝘀𝗼𝘂𝗿𝗰𝗲𝘀, 𝗮𝗰𝘁𝗼𝗿𝘀, 𝗮𝗻𝗱 𝗾𝘂𝗮𝗹𝗶𝘁𝗮𝘁𝗶𝘃𝗲 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 By Chiara Falduto Jolien Noels Raphaël Jachnik OECD - OCDE International Energy Agency (IEA) At the UNFCCC COP21 in 2015, Parties decided that a New Collective Quantified Goal (NCQG) on climate finance shall be set prior to 2025, from a floor of USD 100 billion per year, taking into account the needs and priorities of developing countries. The ad-hoc work programme on the NCQG commenced at the beginning of 2022 and will conclude in 2024. In this context, the present paper puts forward key findings that can help inform the final months of international discussions relating to the NCQG. 1️⃣ First, the paper provides a stocktake of available evidence highlighting that climate action in developing countries requires significant levels of financing that can be met from a wide, and complementary, range of existing and potential new sources. 2️⃣ Second, the paper considers how the NCQG could capture various individual elements, grouped in three clusters: (I) international public finance, (ii)private finance, and (iii)domestic efforts. Without pre-empting the future structure of the NCQG, the discussion in this paper illustrates how to potentially reflect both the importance of international public finance as well as the need to scale up private finance, while also recognising the magnitude and effectiveness of such finance depends on domestic contexts and actions by all Parties. 3️⃣ Third, the paper explores issues relating to tracking and assessing progress towards the future goal. These indicate that while certain elements can be tracked in #monetary terms, others would require a different type of quantified indicators or qualitative information. These considerations also highlight that although #data and #information stemming from the Paris Agreement’s Enhanced Transparency Framework will be central, further sources will be needed for such progress assessments to be as comprehensive and policy relevant as possible. Follow Integrated Africa Power (IAP) for more updates #ClimateFinance #ClimateAction

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Big news! Just transition planning becomes a global model for corporate transition plans thanks to the adoption by the IFRS Foundation of the Transition Plan Taskforce (TPT) outputs. I had the privilege of co-leading the Just Transition Working Group for the TPT with Nick Robins, Brendan Curran and Jodi-Ann Jue Xuan Wang and our amazing group members from across finance and the real economy. Together, we established a baseline for why and how companies should consider people in their plans to respond and contribute to a net zero future. This means their employees, people in their supply chains, their customers, and the communities they impact. A huge well done to the brilliant TPT secretariat, the vision of the steering group, and the hard work of everyone in the working groups. Transition plans are a vital mechanism for moving industries towards net zero and for providing the information investors need to allocate their capital to the companies that are going to be fit for the future. Let’s ensure they factor in the people and communities upon whom they depend.

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Our Executive Director, Ruth Richardson, will join Claire Dupont, Laurent Bontoux and Liselotte Jensen on Monday, 24 June, for a panel discussion around the nature of systemic and complex sustainability challenges and the knowledge inputs and governance responses needed to deal with them. ‘Governance in complexity: sustainability governance under highly uncertain and complex conditions,' is co-hosted by European Environment Agency and EUROPEAN CENTRE FOR GOVERNANCE IN COMPLEXITY. Tune in 13:30 – 15:00 CEST here: https://lnkd.in/dfCAMtCJ #ASRANetwork #globalrisks #riskgovernance

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Product supply chain traceability and auditability is fast becoming a ‘must have’ rather than a ‘should have’. The EU is leading the way with CSDDD but many other economies are following suit with variations on this these. For example: - California’s climate disclosure laws SB-253 and SB-261 - Australia’s mandatory climate related reporting regime (Treasury laws amendment), based on IFRS S1 & S2, in January 2025. How are you preparing? What is the state (visibility, accuracy, traceability…) of your product data in the supply chain? Visit www.hivepix.com or DM me to see how - with HivePix, it’s not as hard as you might think! Melissa Hayes Chris Walsh Colin Dominish Gayleen Rothrock Tanya Cain Hendrik Schuszler Cita Van Mierlo Francesca Messina

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The EU’s Corporate Sustainability Reporting Directive (CSRD) becomes effective for many entities in 2024, with a later effective date for some entities. The scope of the CSRD will apply to many non-EU groups, which will have a significant effect, including the requirement to apply European Sustainability Reporting Standards. It is crucial for non-EU groups to determine if they will have a reporting obligation under the CSRD. BDO’s ISRB 2024/05 summarises the scoping rules of the CSRD applicable to non-EU groups.

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Some weekend read 🙂 New EFRAG implementation guidelines on - Materiality assessment - Value Chain - Detailed ESRS datapoints

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The Science Based Targets initiative (SBTi) has released a statement to address its stance on the use of Environmental Attribute Certificates (EACs) in the reduction of Scope 3 emissions. The SBTi’s standards have not changed. An extensive consultation process has begun with the intent to create robust guidance for EAC usage in hard-to-abate value chain emissions. As Net Zero Climate Investments, we are enthusiastic about this crucial step made by the SBTi. Climate change is a polycrisis; there is no single solution. Instead, we need to expand our repertoire of tools to accelerate global decarbonization. Transparent, credible EACs like carbon credits are a key resource to spur innovation and encourage further sustainability action. To be successfully incorporated into our climate change solution toolkit, this resource needs to be properly regulated and managed. Support from industry leaders like the SBTi is essential to strengthening the voluntary carbon market. We welcome further guidance from scientifically-backed bodies such as the SBTi to increase trust and transparency in this field, and we look forward to seeing the SBTi’s draft in July 2024. #VCM #SBTi #ClimateCrisis #Scope3 #EACs #CarbonCredits #ScaleTheImpact 

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🌳 Matthieu Gombault , expert in wine and forest investment solutions at Société Générale Private Banking, discusses the trends, challenges and policies of the European forest environment in 2024. Discover how European forests play a crucial role in the fight against climate change: https://lnkd.in/eCSN76AW #europeanforests #sustainableinvestment #climatechange #SociétéGénéralePrivateBanking #SGPB #europe #ecology

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📌 A very crisp summary of #CSRD and #CSDDD's scopes, thanks to Nossa Data.

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EU Parliament Adopts Human Rights, Environment Due Diligence Law Applies to EU and non-EU companies and parent companies with turnover of more than 450 million euro; Firms to create transition plan that complies with Paris Agreement; Companies will be liable for damages and can be fined for non-compliance

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Kyklos joins and supports #SBTi employees, technical experts, NGOs and other stakeholders who oppose the recent decision by the SBTi´s board of trustees to extend the use of carbon offsets for scope 3 emission abatement. We also condemn any other effort to undermine the credibility and reliability of the SBTi standard. Although not perfect, it is a good and necessary tool for incentivizing corporations and verifying they are doing no less than their fair share when claiming they are contributing to climate change mitigation. It is impossible to achieve this with decision-making processes that lack transparency, consensus-building, and balanced stakeholder participation. Especially when these decisions change core principles of the SBTi standard, as was the case with the recent decision. https://lnkd.in/gy8b6grV https://lnkd.in/dxw726a3

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The EU’s Corporate Sustainability Due Diligence Directive (CSDDD) sparked intense debate, revealing the complexities of aligning corporate practices with sustainability goals. This directive, focusing on large companies, aims to harmonize regulations and drive sustainable value creation across the EU. #CSDDD #EU

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[#LetsTalkSustainability] The Corporate Sustainability Due Diligence Directive (#CSDDD), the aim of which is to oblige companies to mitigate #humanrights and environmental risks in their #valuechain, is an important complement to existing regulations, especially the #CSRD. Hester Bos, Senior Sustainability Manager, Mazars in Nederland, and Maria Riegler, Senior ESG & Sustainability Consultant, Mazars in Austria, look into the implications of the adoption of the CSDDD: http://maza.rs/6049Yr6At

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Article of Olivier Blanchard about deglobalisation's headwinds. Globalisation is facing at least five different headwinds: distribution effects, national security, economic security, industrial policy and climate change. The correct economic answer is about defining the right policies case-by-case. The risks of retaliation, escalation, and trade wars are high, and with them an inefficient and costly deglobalisation. Reshoring or"friend-shoring" comes with higher costs for the consumers. Industrial policies and the subsidies associated with it pose serious challenges for countries that are not in a position to "invest" big amounts in certain sectors. Subsidies have also budgetary implications. The answer is not simple and depends on the objectives one wants to pursue.

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