In the new framework defined by the European Taxonomy, with regard to the rules and objectives for classifying business activities that are considered environmentally, socially, and governance sustainable, a prominent point much discussed at the moment, especially in the financial world, is covered by Article 8 of the Taxonomy.
It is increasingly fundamental for Companies and Financial players to measure and monitor their GHG emissions, a primary driver of climate change, and one of the world’s most pressing challenges .
GRI (Global Reporting Initiative) is the independent, international organization that helps businesses and other organizations take responsibility for their impacts, by providing them with the global common language to communicate those impacts. It provides the world’s most widely used standards for sustainability reporting – the GRI Standards.
During the week of 5/9th of September, the fourth edition of the "Sustainability week" organised by the Italian Stock Exchange took place, with the participation of the major investment funds, advisors and corporate companies engaged today in investment processes to facilitate the transition towards a sustainable economy.
The Sustainability reporting, introduced for European companies with the EU Directive 95/2014, represents to date in the international reporting landscape, the starting point of a continuously evolving path that aims to meet numerous challenges, first and foremost the integrated management of non-financial information, structured in a framework that can be as comprehensive as possible, to be placed alongside classic financial reporting.
The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity for people and the planet, now and into the future. At its heart are the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all countries - developed and developing - in a global partnership.
The scope of European Union legislation, in the field of accelerating and harmonizing rules on sustainable finance, has expanded considerably in the past few years and is gradually broadening.
While the definition of the European Taxonomy relating to the environment is being enriched and fully defined, at the same time the Social Taxonomy currently in proposal form, presented by the Platform on Sustainable Finance to the European Commission on last February, is making its way into the European legislative landscape.
Compared to SMEs, under Directive 2014/95/EU, large companies have several more pieces of information to publish related to environmental and social matters,treatment of employees and respect for human rights, anti-corruption and bribery diversity on company boards (in terms of age, gender, educational and professional background).
Discover how ESG practices lead to business success and how ESG Performance impacts a company’s commercial risk and accountability.