Bär & Karrer’s Post

Double materiality was first coined by the European Commission in 2019 as part of the Non-Financial Reporting Directive (NFRD) and grew in prominence more recently in 2022, when the European Parliament adopted the Corporate Sustainability Reporting Directive (CSRD). A double materiality assessment evaluates both financial and non-financial impacts on an organisation’s sustainability. Impact Materiality - The effect of a company's activities on Environmental, Social and Governance topics (the effects can be direct, or indirect, for example through its value chain). Financial Materiality - The effect of ESG topics on the financial situation of a company. If you are interested in finding out more feel free to connect to organise a conversation. #doublemateriality #esg #euregulations #csrd #esgreporting

What is EU's Corporate Sustainability Reporting Directive (CSRD)?    Understanding CSRD: CSRD replaces the Non-Financial Reporting Directive (NFRD), ushering in a comprehensive framework for Environmental, Social, and Governance (ESG) reporting. Corporate Sustainability Reporting Directive (CSRD) compliant company signifies embracing era of transparency and sustainability. Large companies and listed SMEs within the EU are entrusted with the responsibility of reporting on sustainability, encompassing both environmental and social dimensions. What companies are impacted? - Companies meeting two of the following conditions must comply: €40 million net turnover, €20 million assets, or 250+ employees.  - Non-EU companies with an EU turnover exceeding €150 million also join the CSRD journey.  - SMEs listed on regulated markets begin CSRD-compliant reporting from January 1, 2026, with simplified standards.    #CSRD #Newtral #SustainabilityReporting #ESG #Transparency #SustainableBusiness #ComplianceMatters

Our Sustainability & ESG Update draws on the collective expertise of our sustainability and ESG specialists to provide legal news and horizon scanning in six closely linked key areas: energy transition, environment and climate, business law and human rights, sustainable finance, compliance and governance, and sustainable transactions. In this edition, we focus on the latest developments regarding the Corporate Sustainability Due Diligence Directive (CSDDD) and the Corporate Sustainability Reporting Directive (CSRD), and related challenges and opportunities. You can also read about what is happening in the fastmoving arena of sustainable finance, as well as more on Sweden and the green transition. 📃 Read the newsletter here (in Swedish): https://lnkd.in/dwWrrS5S 📩 Sign up here to receive upcoming newsletters: https://lnkd.in/dKQpsPGp #mannheimerswartling #sustainability #ESG #newsletter

When it comes to achieving excellence, one standard stands out as the clear winner. Consistency, precision, and reliability are the hallmarks of success, and it all starts with embracing the best standard in your field. #Excellence #Standards #sustainability #csrd #esrs #europa

More and more sustainability disclosure regulations - such as the EU CSRD - require financial metrics to be disclosed in conjunction with climate-related risks and opportunities. This is how financial accounting and carbon accounting are merging. #greenledger #carbonaccounting https://lnkd.in/gX34V7ev

The European Union is at the forefront of sustainability efforts, and its evolving regulations are shaping the financial services industry. Dive into the intricacies of EU regulations and their impact on financial institutions, with a focus on the Corporate Sustainability Reporting Directive. 🌱 Stay informed to be part of the sustainable future: https://lnkd.in/eH7TMXQH #ESG #Sustainability #EURegulations

[Pascal Durand opinion piece on the new CSRD European regulation ] 📜 "The Corporate Sustainability Reporting Directive (#CSRD) is a major step forward for a more transparent, fairer and efficient European market," says Pascal Durand, an MEP who proposed and negotiated this #CSR regulation at the European Parliament. He stipulates, "The adoption of these new uniform reporting standards allows companies to apply a legal framework adapted to a changing world”. The new #CSRD directive, which has been transposed in France early december, will come into force starting in 2024. To mark the occasion, the MEP, specialised in governance and the author of Le guide de la gouvernance des sociétés ("Guide to corporate governance"), published by Dalloz - now known as Lefebvre Dalloz - summarizes the basics of this directive in one page.   As a reminder, CSRD aims to harmonize sustainability reporting by requiring companies to publish detailed information on their impact in terms of environmental, social and governance (#ESG) performance. More than 50,000 companies will be directly concerned by the regulation.   Read the article here: ➡️ https://lnkd.in/eeScTHKp

Let us explain! The Corporate Sustainability Reporting Directive (CSRD) is a proposal for EU legislation drafted by the EU Advisory Group on Financial Disclosure and will be implemented gradually over the coming years. It is an update of the existing Non-Financial Reporting Directive, but it broadens the scope and requires more companies to report on a wider range of sustainability practices, including environmental care, treatment of workers and governance practices. The goal of the CSRD is to encourage companies to strengthen their sustainability efforts and promote transparency in their operations. Was this helpful? #cmorebeyondtheobvious #eutaxonomy #impactbusiness #sustainablebusiness #EcoConscious #BetterPlanet

Public Oversight, Accounting and Auditing Standards Authority published Türkiye Sustainability Reporting Standards, which determine the principles to be followed in sustainability reports. The standards published in the Official Gazette dated 27 December 2023 were published under the titles TSRS S1 General Provisions on Disclosure of Sustainability-Related Financial Information and TSRS S2 Climate-Related Disclosures. You can access the document from the link below: https://ow.ly/YENz50QmXaB https://ow.ly/baLV50QmXaz #TEİD #ESG #Sustainability