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Why CSRD Compliance Matters for EU Companies The EU’s Corporate Sustainability Reporting Directive (CSRD) is essential for companies aiming to stay competitive, attract responsible investors, and meet growing demands for transparency. Compliance not only supports regulatory alignment but also builds trust, drives sustainable growth, and prepares businesses for a future focused on ESG impact. Request a Demo - https://lnkd.in/gM2-M6cc #CSRD #Sustainability #EUCompliance #ESG

EU Aims to Seal Mercosur Trade Agreement by Year-End Amid Deforestation Law Concerns The European Union (EU) is pushing to finalize a trade agreement with the South American Mercosur bloc by the end of 2024, EU Commissioner for Crisis Management Janez Lenarcic revealed last week. Despite ongoing negotiations, Lenarcic acknowledged that differences remain, particularly regarding a new EU law banning imports of products tied to deforestation, a contentious issue for Mercosur members, especially Brazil. While Lenarcic himself isn’t directly involved in the talks, he noted that the deforestation law—which has faced resistance from agricultural exporters like Brazil—will not be altered, though its enforcement could be delayed until December 2025 following pressure from EU member states. The EU is listening to calls for a delay, Lenarcic said, but the core regulation remains firm. "First of all, the European Union wants this agreement, let me be very clear about that," Lenarcic stated during a Friday interview at the G20 summit in Brazil. He expressed optimism about resolving the remaining obstacles by the year’s end. The trade pact with Mercosur—comprising Brazil, Argentina, Uruguay, Paraguay, and recently Bolivia—has been under negotiation for roughly 25 years, reaching a preliminary agreement in 2019. However, it stalled amid EU demands for stronger environmental protections. Negotiators from both sides are expected to hold an online meeting shortly, with in-person talks planned for late November. According to Brazil’s foreign ministry, officials are aiming for an agreement ahead of Mercosur’s upcoming December meeting in Uruguay. #EUMercosur #TradeAgreement #DeforestationLaw #GlobalTrade #SustainableTrade #EU #Mercosur #ClimateAction #Brazil #SouthAmerica #TradeTalks #EnvironmentalRegulation #Sustainability https://lnkd.in/g_NiuHG6

How Global Investors Leverage ESG Data: Key Insights for Reporting Across the US, UK, EU, and Canada Click to read - https://lnkd.in/g4aWgYsA As ESG data becomes essential to global investment strategies, understanding regional differences is critical for businesses and regulators alike. Our latest blog examines: 🔹 Regional Reporting Variations: How ESG requirements differ across key markets like the US, UK, EU, and Canada. 🔹 Investor Influence: The impact of ESG data on investment decisions and the push for transparency. 🔹 Emerging Trends: Expected regulatory shifts and their implications for companies and stakeholders. Stay informed on these global ESG trends to ensure your reporting practices align with evolving standards. #ESG #SustainableInvesting #GlobalStandards #CorporateReporting

EU Achieves Major Greenhouse Gas Reduction and Renewable Energy Milestone in 2023 Brussels, November 6, 2024 — In a significant environmental breakthrough, the European Union achieved an 8.3% reduction in greenhouse gas (GHG) emissions in 2023, marking one of the largest year-over-year declines outside of the COVID-19 pandemic, according to a new report from the European Commission. This marks a major milestone in the EU’s pursuit of climate neutrality and reinforces its commitment to global climate goals. The report highlights remarkable progress in the EU’s energy transition, with renewable sources now accounting for nearly 45% of all electricity generated across the bloc. A substantial surge in wind and solar production, coupled with a transition from coal to natural gas, has helped renewables secure a dominant role in EU electricity. This shift led to a nearly 20% reduction in fossil fuel-based electricity generation last year. Significantly, emissions from the power and industrial sectors saw a record 16.5% drop, with additional reductions across buildings, agriculture, and transport. Notably, emissions from buildings fell by 5.5%, agriculture by 2%, and transport by under 1%. Aviation emissions, however, rose by 9.5%, underscoring the ongoing environmental challenges in that sector. “The EU is leading the way in the clean transition, with another year of strong greenhouse gas emission reductions in 2023,” stated Wopke Hoekstra, EU Commissioner for Climate Action. “The EU now represents only 6% of global emissions. As we prepare for COP29, we are showing the world that robust climate action and economic growth can go hand in hand. However, the report is a reminder of the work that remains to address the impacts of climate change on our citizens.” The European Climate Law, adopted in 2021, set ambitious binding targets, aiming for a 55% reduction in GHG emissions by 2030 and climate neutrality by 2050, compared to 1990 levels. Supported by the “Fit-for-55” legislative package, the EU’s climate agenda seeks to drive emissions cuts across sectors including energy, industry, transport, and agriculture. The report notes that the EU has achieved a 37% reduction in net emissions relative to 1990, while the region’s GDP has grown by 68% over the same period, illustrating a decoupling of economic growth from carbon emissions. The latest findings signal strong momentum as the EU heads to the COP29 climate summit, emphasizing the bloc’s commitment to a sustainable economic future and underscoring the urgency of continued international climate cooperation. #ESG #EUGreenTransition #ClimateAction #GHGReduction #RenewableEnergy #Fitfor55 #COP29 #ClimateNeutrality #SustainableFuture #EUClimateLeadership #DecarbonizeEurope https://lnkd.in/ge5evtNW

#CSRD Understanding the CSRD Impact on Canadian Companies: The new EU Corporate Sustainability Reporting Directive (CSRD) raises the bar for sustainability reporting, affecting Canadian companies with European operations or partnerships. Click to read - https://lnkd.in/gyPVpet7 Stay ahead in ESG reporting and ensure your company is not just compliant but a leader in sustainable business practices. #CSRD #ESGReporting #Sustainability #CorporateCompliance #CanadianBusiness #SustainableDevelopment #RiskManagement #CorporateResponsibility #SustainabilityStrategy #GreenBusiness #ESGCompliance #SustainableFuture

ESMA Establishes 2024 Priorities for Corporate Reporting, Focusing on Double Materiality and ESG Compliance The European Securities and Markets Authority (ESMA) has released its 2024 European Common Enforcement Priorities (ECEP) Statement, outlining stringent new standards for corporate reporting under the Corporate Sustainability Reporting Directive (CSRD). This directive will now require over 50,000 companies to expand their disclosures on environmental, social, and governance (ESG) impacts. Key priorities for the upcoming reporting cycle include: Double Materiality Assessments: Companies are required to evaluate and report on both the effects of sustainability issues on business operations and their broader impact on society and the environment. Alignment of Financial and Sustainability Reporting: Financial and ESG reports must be integrated to consistently address risks and opportunities throughout the value chain. EU Taxonomy Compliance: ESMA emphasizes strict adherence to EU taxonomy templates to enhance transparency and comparability in sustainable economic activities. ESMA has signaled a firm commitment to enforcement, indicating it will take action to ensure compliance where necessary. Experts suggest that ESMA’s assertive approach points to a potentially heightened level of scrutiny in sustainability reporting compared to recent guidance from the European Commission. #ESMA #SustainabilityReporting #CSRD #CorporateGovernance #DoubleMateriality #EUCompliance #FinancialReporting #ESG #EURegulation #TaxonomyCompliance #Transparency #SustainableFinance #EUEnforcement https://lnkd.in/gprEkWZi

Happy Diwali from EcoActive. Wishing you a sparkling Diwali filled with light, joy, and prosperity! May this festive season illuminate the path toward a brighter, sustainable future for all. As we celebrate the victory of light over darkness, let’s continue to make strides in responsible ESG reporting, driving meaningful change for businesses and communities alike. Here’s to a future lit with clarity, growth, and positive impact! #HappyDiwali #FestivalOfLights #Sustainability #ESG #FutureForward #Prosperity #ResponsibleReporting

Master ESG Reporting with "The Canadian ESG Reporting Guide" As Environmental, Social, and Governance (ESG) reporting becomes a cornerstone of corporate transparency and accountability, understanding its complexities is essential for organizations in Canada. Get your Guide today - https://lnkd.in/eJtDVrn9 "The Canadian ESG Reporting Guide: Navigating Through the New Norm" offers a comprehensive resource for businesses aiming to enhance their ESG practices and communicate their commitment to sustainable and ethical operations effectively. Equip your organization with the knowledge and tools needed to thrive in the evolving landscape of ESG standards. Gain insights, align with best practices, and solidify your position as a responsible and forward-looking company. #ESG #CorporateGovernance #Sustainability #CanadianBusiness #ESGReporting #SustainableBusiness #Transparency #EthicalLeadership #ClimateAction #CorporateResponsibility #ESGStandards #BusinessEthics #SocialImpact

#blog The Role of Governance in ESG Reporting We explore how governance impacts ESG reporting across different regions. From board responsibilities to ethical leadership, strong governance is key to building transparency and trust. Read more: https://lnkd.in/ggJrtVAu #ESG #Governance #Sustainability #CorporateResponsibility #Leadership #Transparency #RiskManagement #ESGStrategy #SustainableBusiness #EthicalLeadership

Corporate Biodiversity Disclosures Surge 43% Following Global Biodiversity Framework Adoption Corporate biodiversity disclosures have surged by 43% since the adoption of the Global Biodiversity Framework (GBF) in 2022, often referred to as the “Paris Agreement for nature,” according to new data from CDP. The latest findings come as global leaders gather in Colombia for COP16 to discuss the Kunming-Montreal GBF implementation and set ambitious policies to protect nature. CDP’s report also shows that 33% of global stock market companies now report water data, contributing to a 22% reduction in corporate water use. However, the data reveals a critical gap: fewer than 10% of companies assess their dependency on biodiversity, posing financial risks amid estimates that biodiversity loss could cost the global economy up to $20 trillion annually. Sherry Madera, CEO of CDP, emphasized the urgency, stating, “Nature supports our entire economy, so every business must understand how they depend on it and act quickly. Strong data is key to hitting the 2030 targets and driving change.” https://lnkd.in/g6AwuKHF Investor interest is also rising, with 11 major French institutional investors launching a €100 million biodiversity fund to back companies committed to reducing biodiversity loss, using CDP’s data as a guide. At COP16, Eva Zabey, CEO of Business for Nature, called for urgent action, urging governments to introduce mandatory nature assessments, noting that while progress has been made, “the hard part begins now.” #Biodiversity #COP16 #GlobalBiodiversityFramework #NatureAction #CorporateSustainability #WaterManagement #CDP #SustainableInvesting #BiodiversityDisclosure #ParisAgreementForNature #FinancialRisks #BusinessForNature #ClimateAction #ESG #GreenEconomy https://lnkd.in/eB9tMDzC