CSRD | NordESG

Regulation Reporting & DisclosureSeptember 22, 2022by Sebastian Dürr

ESRS Update – Public Consultation on the EFRAG Draft ESRS EDs

RegulationJuly 31, 2022by Madhavan Nampoothiri

EU Taxonomy – Eligible Vs Aligned Economic Activities

The EU created the Sustainable Finance Action Plan to direct financial flows toward sustainable investments, and the EU Taxonomy is the bedrock of the Sustainable Finance Framework. The EU Taxonomy is a classification system for determining which economic activities are environmentally sustainable or Taxonomy eligible. The objective of the Taxonomy is to prevent “greenwashing” and...

Concepts & How ToJuly 25, 2022by Madhavan Nampoothiri

Dynamic, Nested and Core Materialities – Materiality Madness?

In February 2022, the Global Reporting Initiative (GRI) published a paper titled “The materiality madness: why definitions matter”. GRI’s corporate sustainability reporting standards, based on the concept of double materiality, are the most widely used worldwide. GRI’s key message in the paper was simple – don’t complicate the idea of materiality. As GRI put it,...

RegulationJuly 20, 2022by Madhavan Nampoothiri

Introduction of Sustainability Preferences: EU MiFID II & IDD

The amended European Union Markets in Financial Instruments Directive II (MiFID II) and Insurance Distribution Directive (IDD) come into effect on 2 August 2022. The changes will affect how investment advisers and insurance firms in EU integrate the sustainability preferences of their clients and policyholders, respectively. The amended MiFID II and IDD are critical components...

Reporting & DisclosureJuly 18, 2022by Madhavan Nampoothiri

Opinion: TCFD – The one ring to rule them all?

Once upon a time, not long ago, there were several rings, or frameworks, for reporting corporate social performance, or ESG performance. There was one for reporting on emissions (CDP), another one only for real estate (GRESB), one for sector-specific reporting (SASB) and several other general reporting frameworks (GRI, CDSB, IIRC, etc). Then in 2015, the...

Carbon, Climate & Environment Concepts & How ToJuly 12, 2022by Madhavan Nampoothiri

Net Zero – Part 2: Setting Emission Reduction Targets

(This is the second of the 3-part series on Net Zero and includes “What is Net Zero” (Part 1), How to set Net Zero targets (Part 2) and how to finance Net Zero targets (Part 3)) In the last part, the concept of Net Zero and related terms were touched upon (read here). This part...

RegulationJuly 4, 2022by Sebastian Dürr

EU Corporate Sustainability Reporting Directive – Mid-2022 update

EU Corporate Sustainability Reporting Directive (CSRD) – Mid-2022 update This blog post covers the mid-2022 updates on the CSRD. You can find our earlier coverage of the CSRD here. On June 21st of, 2022, the Council and the European Parliament reached a provisional political agreement on the CSRD [1]. On June 30th, 2022, the Council...

RegulationJuly 4, 2022by Madhavan Nampoothiri

Assurance under US SEC Climate Reporting Rules & EU CSRD

Assurance is a very critical component of corporate financial reporting and enhances the credibility of the reported information. This article explores how assurance, both limited and reasonable, is extended to corporate sustainability reporting in the US and the EU. Corporate Sustainability reporting is no longer a “good-to-have” virtue signaling tool but a “must-have” regulatory requirement,...

Regulation Sustainable FinanceJune 15, 2022by Sebastian Dürr

The EU Sustainable Finance Disclosures Regulation (SFDR)

European Union’s Sustainable Finance Disclosures Regulation (SFDR) Given the growing importance of sustainability and the increased commitments to achieving the objectives set under the Paris Climate Agreement and the UN Sustainable Developments Goals (SDGs), countries worldwide are enacting policies and regulations to facilitate private capital through the financial markets into firms that promote sustainability. Timely...

RegulationJune 15, 2022by Sebastian Dürr

What is the EU Taxonomy Regulation?

What is the EU Taxonomy Regulation? The EU Taxonomy Regulation is a critical component of the EU Green Deal, which aims to achieve the transition to a modern, resource-efficient and competitive economy. The initial requirements of the EU Taxonomy must be implemented as of January 1, 2022. In this blog post, we explore the questions:...

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