European Sustainability Reporting Standards – Sustainability Within Reach

Interoperability as used in ESG Reporting Standards and Frameworks – What does it mean?

CDP, ESG, ESRS, European Sustainability Reporting Standards, Global Reporting Initiative, Greenhouse gas emissions, GRI Standards, IFRS, Interoperability, ISSB, Mapping sustainability, SASB, Sustainability, Taskforce on Climate-Related Financial Disclosures, TCFD / Gwendolen White / June 15, 2024

“Interoperability” has been a buzz word for the last several years among those concerned with sustainability reporting. What does it mean? In simple terms, it means the ability of these standards to work together, for them to be connected. This is clearly an important idea given that the sustainability reporting has many reporting standards, frameworks, and questionnaires, […]

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Taskforce on Climate-related Financial Disclosures (TCFD): Why it is important!

Climate Change, Climate-related risks, Corporate sustainability, ESRS, European Sustainability Reporting Standards, ISSB, Security Exchange Commission, Sustainability, Sustainability reporting, Taskforce on Climate-Related Financial Disclosures, TCFD / Gwendolen White / May 5, 2024

How did TCFD get its start? In 2015, the G20 Finance Ministers and Central Bank Governors requested that the Financial Stability Board (FSB) create a task force to recommend climate related risks disclosures. Why was this request so important? The creation of TCFD by the FSB illustrated the direct connection of climate risks to global

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More details for the European Sustainability Reporting Standards (ESRS)

European Sustainability Reporting Standards, European Union, Global Reporting Initiative, GRI Standards, Sustainability / Gwendolen White / April 2, 2024

Reporting structure is an important detail in the European Sustainability Reporting Standards. According to the standards, there are requirements for how a company’s sustainability statement is to be presented. This is unlike the GRI Sustainability Standards, which does not prescribe a particular format. Here is what GRI says in GRI 1 Foundation 2021: “The organization

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The Importance of Value Chains

ESG, European Sustainability Reporting Standards, European Union, Sustainability reporting / Gwendolen White / March 21, 2024

The European Sustainability Reporting Standards (ESRS) ESRS 2 General Disclosures require companies to report on their value chains. What is required? The undertaking shall disclose the elements of its strategy that relate to or impact sustainability matters, its business model and its value chain. ESRS, Strategy Disclosure Requirement SBM-1 – Strategy, business model and value

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Aspects of European Sustainability Reporting Standards (ESRS) – Continued

Financial materiality is the second half of double materiality. What is it? Financial materiality involves identifying information that is considered material for primary users of general-purpose financial reports in making decisions relating to providing resources to the entity. Information is deemed financially material “…if omitting, misstating or obscuring that information could reasonably be expected to

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Aspects of the European Sustainability Reporting Standards (ESRS)

Corporate sustainability, Corporate Sustainability Reporting Directive (CSRD), European Sustainability Reporting Standards, European Union / Gwendolen White / March 4, 2024

This is part one in a series of posts to come. In this and future posts, I want to highlight some of the major aspects of the European Sustainability Reporting Standards (ESRS). I will start with how the ESRS deal with materiality, which is fundamental to all sustainability reporting. What are the ESRS? The ESRS

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