Science Based Target Initiative
What is the SBTi? The Science Based Target Initiative (SBTi) is a partnership between Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI) and the World Wildlife Fund (WWF). The SBTi was established to promote ambitious climate action in the private sector by enabling organisations to set science-based emission reduction […]
United Nation Sustainable Development Goals
What are the SDG’s? In 2015, the United Nations adopted Agenda 2030, a set of 17 global development goals for 2016-2030. These Sustainable Development Goals (also known as Global Goals or SDG’s) aim to ensure a prosperous, peaceful and sustainable future for people and the planet. The 2030 Agenda recognises that ending poverty and other […]
EU-taxonomy
What is the EU-taxonomy? The EU Taxonomy is a classification system developed by the European Union (EU) to identify and define economic activities that are considered environmentally sustainable. The taxonomy provides a framework for assessing the extent to which an economic activity contributes to one or more of the EU’s six environmental objectives: To qualify […]
Carbon Disclosure Project
What is the Carbon Disclosure Project (CDP)? CDP is a non-profit organisation that provides a global system for companies, cities and states to measure and disclose their environmental impacts, risks and opportunities related to climate change, water security and deforestation. CDP reporting is widely recognised as a leading standard for environmental reporting and is increasingly […]
Green House Gas Protocol
What is the Green House Gas Protocol (GHG Protocol)? The Green House Gas Protocol (GHG Protocol) is an organisation that provides global standards for the capture and reporting of greenhouse gases for both the private and private sectors. GHG Protocol introduced the division of emissions into Scopes 1, 2 and 3 to provide a clear […]
Human Rights Due Diligence
What is Human Rights Due Diligence (HRDD)? Human Rights Due Diligence (HRDD) is an approach by which companies minimise their negative impacts on human rights and maximise their positive impacts. This applies to their own operations, and also the suppliers and services used by the company. HRDD is the process of identifying, assessing, preventing, mitigating […]
Taskforce on Climate-related Financial Disclosure (TCFD)
What is the Task Force on Climate-related Financial Disclosures (TCFD), to whom does it apply and why is it important?
CSRD – regulations on sustainability reporting mandatory from 2024
CSRD stands for Corporate Sustainability Reporting Directive, regulations that govern how organisations should report on sustainability. CSRD (adopted by the EU in April 2021) is the successor to the 2018 Non-Financial Reporting Directive (NFRD). The NFRD prescribes how organisations must report on topics such as human rights, anti-corruption and anti-money laundering, board diversity, social and […]
Everything you need to know about the Global Reporting Initiative
Introduction Increasingly, organisations are voluntarily accounting for the social, governance and environmental aspects of their operations. This accountability is not only important for shareholders and financial institutions. Consumers, employees, trade unions, local residents and other stakeholders also demand transparency and consistent reporting on the governance, social and environmental aspects of the organisation. In English, these […]
Green Claims Directive
What is it? On 23 March 2023, the European Commission published a new directive on green claims (Green Claims Directive). This bill states that companies must substantiate (green) environmental claims, with the aim of preventing unjustified claims about their environmental performance. Not surprisingly, the EU is drawing up rules against companies advertising ‘ocean-friendly sunscreen’, ‘sustainable […]