Green Business Benchmark°’s Post

🌿 Navigating the Journey to Sustainability: The Guiding Institutions 🌿 The ramifications of unsustainable practices can leave lasting imprints not just ecologically but economically. As our businesses tread these waters, these institutions become our lighthouses: 1️⃣ BCorp (B Lab) Aim: Certifying companies with a significant positive impact on society, employees, environment, and suppliers. Website: bcorporation.net Distinctiveness: Directly evaluates companies' overall manner of doing business, focusing on holistic impact. 2️⃣ Global Reporting Initiative (GRI) Aim: Encouraging companies to adopt sustainability reporting standards. Website: globalreporting.org Distinctiveness: Puts forth standards for the reporting process and content, focusing on uniformity and clarity. 3️⃣ CDP (Carbon Disclosure Project) Aim: Advocating for companies, cities, states, and regions to provide information about carbon emissions and water usage. Website: cdp.net Distinctiveness: Delves deeper into specific ecological areas, such as carbon footprint and water usage. 4️⃣ Sustainable Accounting Standards Board (SASB) Aim: Developing industry-specific sustainability accounting standards. Website: sasb.org Distinctiveness: Offers tailored standards addressing the unique needs and risks of specific industries. 5️⃣ United Nations Global Compact Aim: Urging businesses to embrace universal sustainability principles. Website: unglobalcompact.org Distinctiveness: Guided by the United Nations, it provides direction for companies based on universal values and principles. 6️⃣ World Business Council for Sustainable Development (WBCSD) Aim: Uniting the business world for a sustainable future. Website: wbcsd.org Distinctiveness: Facilitates collaboration and innovation among business leaders, offering a platform specifically directed at the business world. In our stride towards a sustainable tomorrow, it's crucial to understand and align with these guiding lights. They don't just set standards; they embody the very spirit of sustainable progress. Let's champion a responsible future. 🌍❤️ #Sustainability #EcoFriendlyBusiness #GreenInitiatives #SustainableDevelopment #CorporateResponsibility #EcoLeadership #SustainableStandards #ClimateAction #GreenBusiness #SustainableFuture #EcoReporting #EnvironmentalImpact

B Corp, a comprehensive measurement tool regarding the organisation’s efforts in rebating the environment, society and governance. It is a comprehensive measuring method to evaluate the company specifically in the aspect of sustainability by monitoring the corporation for 15 to 18 months. Averagely, local companies have been evaluated and graded as 50.6 marks which is the median score for general businesses. However, 80 marks is the benchmark for B Corp certification.

Enhance your sustainability efforts with the right standards and management systems! These frameworks ensure your company meets its sustainability goals efficiently, on time, and within budget. Discover more by watching our IEMA on-demand webinar on how these systems can support your sustainability objectives: https://bit.ly/3X2SgkV #BSIUK #SustainabilityGoal #Sustainability

Sustainability certifications are more than just a badge—they're a statement of your commitment to the planet and your stakeholders. With the Carbon Neutral Standard 2024, you can kick start your journey and reap the benefits of being a certified sustainable business. Reap the benefits: ✅ Differentiation in the market: Stand out from competitors. ✅ Client retention: Show your dedication to sustainable practices. ✅ Regulatory alignment: Ensure compliance with global standards. ✅ Resource efficiency: Optimise your operations for better environmental impact. Ready to transform your business? Start your certification process today and lead the change. More details at https://lnkd.in/efnj_jNU. #CarbonNeutral #NetNada #SustainabilityStandard #Certification

🌍 Leading the Charge in Global Sustainability 🌿 Welcome to EcoAdvis, where our mission goes beyond guidance—we're pioneering a movement. As the cornerstone of the 100% Together community, we unite businesses and experts worldwide in a shared commitment to environmental integrity and innovation. Our Mission: EcoAdvis is not just an advisory firm; we are trailblazers for a sustainable future. Our global network of experts is dedicated to empowering organizations to significantly reduce their environmental footprint, focusing on the elusive scope 3 emissions. We offer a groundbreaking plant-level based solution for the verification and certification of carbon credits, ensuring an unprecedented audit trail from seed to retirement. Our Vision: We see a world where businesses thrive in harmony with the planet, where scope 3 emissions are not just managed but eradicated through innovative and transparent solutions. EcoAdvis leads the way in making this vision a reality, fostering a global community committed to genuine, impactful environmental change. 🌱 Why EcoAdvis Stands Apart: First of Its Kind: EcoAdvis spearheads the first global network of sustainability experts promoting the 100% Together community, focusing on actionable, verifiable solutions. Innovative Carbon Credit Solutions: Leveraging the world's first plant-level based certification, we provide an unmatched level of transparency and integrity in carbon offsetting. Comprehensive Scope 3 Emission Focus: Our targeted approach to eradicating scope 3 emissions sets a new standard in corporate environmental responsibility. Join us on this transformative journey. Engage with our mission, discover the power of true sustainability, and explore how the EcoAdvis network is reshaping the landscape of environmental stewardship. Stay connected for insights, breakthroughs, and stories of success from the forefront of sustainability innovation. Together, let's redefine what's possible for a sustainable tomorrow. 🌟 #EcoAdvis #100percentTogether #SustainabilityInAction #Scope1 #Scope2 #Scope3 #CarbonCredits #Innovation #GlobalNetwork

To maintain our relative performance in ESG ratings we must continue to improve across the suite of environment, social and governance issues assessed and respond to emerging areas of best practice as questions evolve and methodologies change. 

💬 Poll results: what aspect of CSRD reporting grabs your attention the most?   Thank you to all sustainability managers for participating in our poll on CSRD reporting. We're thrilled to see the high interest in strategies for maximising sustainability impact! 📆 Therefore, we have scheduled our upcoming Sustainability Managers Webinar 14 on April 9, 2024, from 10:00-11.00 CET & SAST, 11:00 - 12:00 EAT. 🔍 Here's what you can expect from the webinar: - CSR Reporting, Beyond Compliance: we will discuss how to go beyond mere compliance and gain valuable steering information by maximizing sustainability impact through CSRD reporting. - Uncovering Misconceptions: learn about common misconceptions surrounding CSRD reporting and gain actionable guidance on how to avoid them effectively. - CSRD for Non-Mandated Companies: delve into what CSRD means for companies not (yet) mandated to comply. Discover the possible data requests you will receive from clients and how you can facilitate them, thereby improving your position as a sustainable supplier. Don't miss out on this opportunity to learn more! Reserve your spot now using this link: https://lnkd.in/ejExRgDP 🌎 We look forward to seeing you there! #TheRockGroup #CSRDReporting #SustainabilityWebinar Joris den Boer Esther Mangiza

CSRD in 7 steps 📑 This blog article shows how P3 can help your business align with the Corporate Sustainability Reporting Directive (#CSRD). From preparation to publication: Our #sustainability expert Florentin Morick describes the full cycle of creating a corporate sustainability report. Big shoutout to our amazing partners Envoria and RSM Ebner Stolz! Together, we're on a mission to drive change and create a sustainable world. 🌍💚 https://lnkd.in/deXuvmYr

Navigating CSRD with Double Materiality Assessment If your business falls under the EU's Corporate Sustainability Reporting Directive (CSRD), the term "double materiality assessment" is crucial. This blog will explain double materiality, its importance, and provide a streamlined guide on conducting this assessment for CSRD compliance. Understanding Double Materiality Double materiality means evaluating how a company's actions impact both society and the environment while recognizing the influence of sustainability on financial stability. It's about seeing the bigger picture from two angles, a key component of responsible business practices. CSRD's Double Materiality Assessment The double materiality assessment is the first step toward CSRD compliance. It helps CSRD-covered organizations identify relevant disclosure requirements from the European Sustainability Reporting Standards (ESRS). Mandatory for CSRD-Affected Companies For CSRD-covered companies, conducting a double materiality assessment is mandatory. This standard process helps identify material sustainability issues for inclusion in reporting. Two Dimensions of Materiality The CSRD necessitates considering two materiality dimensions: 1. Impact Materiality: Focus on how your actions affect society and the environment over time, including your entire value chain. 2. Financial Materiality: Consider sustainability's influence on growth, performance, and cost of capital across different timeframes. By combining these dimensions, organizations pinpoint material sustainability risks and opportunities, defining suitable thresholds for inclusion. Steps for Double Materiality Assessment 1. Stakeholder Engagement: Engage stakeholders to gather data on your environmental and social impact and sustainability risks/opportunities. 2. Identify Reporting Topics: Determine which ESRS sustainability topics are relevant to your organization, considering sector activities, locations, and the value chain. 3. Evaluate Impact and Financial Factors: Assess the significance of identified topics in terms of both environmental/social impact and financial influence. 4. Rank Risks and Opportunities: Create visual representations to display identified risks/opportunities and their rankings. 5. Communicate Your Plan: Share your action plans for managing environmental and societal impacts. Include metrics, targets, policies, and integrate these topics into strategic planning. In conclusion, mastering CSRD involves understanding double materiality assessments as essential tools for informed decision-making and transparency. Follow these steps to confidently navigate the CSRD landscape, contributing to a more sustainable future. https://sattvameta.com/ #csrd #stakeholderengagement #sustainability

How is your business preparing for CSRD? Read my article below 👇🏻 to learn more about some of the steps we have taken at BAT in our journey towards CSRD implementation.