Sustainable Finance Disclosures Regulation (SFDR) is one of the three pillars of the European Union’s Action Plan on Sustainable Finance. Our first blog on SFDR provided an overview of the regulation (read here), and the classification of funds based on their sustainability objective (Article 6, 8 and 9 Funds). In this blog, we explore some of...
The EU Taxonomy Regulation requires all firms covered by the EU Non-Financial Reporting Directive (NFRD), which is giving way to the more stringent Corporate Sustainability Reporting Directive (CSRD), to report Key Performance Indicators (KPIs) related to environmentally sustainable activities that are EU Taxonomy aligned (read here for more on Taxonomy eligibility and alignment). The Taxonomy...
One of the key objectives of the EU Sustainable Finance Action Plan is to improve transparency on the sustainability performance of corporates and to reduce avenues for “greenwashing“. Therefore, the EU Taxonomy describes the “environmentally sustainable” economic activities and the financial metrics to quantify the performance of these taxonomy-aligned economic activities. The Taxonomy Regulation requires...
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...
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...
(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...
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,...
ESG ratings, ESG reporting and EU Mandatory Disclosure Regulations – Companies are facing the 3 Rs The ESG landscape companies are operating in is changing. This article looks at the impact emerging from third-party ESG-ratings, ESG reporting, regulatory changes made by the European Union, and the options corporations have to respond to the 3 Rs. ...
We’re Here To Help You To Navigate Your ESG Landscape
NordESG – Accelerate To Your True North
NordESG
info@nordesg.com
+49 2681 950 9779
Hauptstraße 1 | 57612 Heupelzen
Germany
