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How to prepare your organization for the implementation of ESG reporting
Sustainability Insights (1/2022)
On 18 January 2022, Batch 1 working papers on the European Sustainability Reporting Standards were published by the European Commission’s task force to complement the Corporate Sustainability Reporting Directive. Potentially, starting from 2024, the new obligations will apply to approx. 49 thousand businesses across the EU, this including non-listed companies. We believe that so far only about 10 percent of them are ready for the change. Action needs to be taken today to get ready for the change. The regulations are gradually coming into effect, starting from the 2021 reporting cycle (this applies, among other things, to the taxonomy), and are likely to be required to be implemented fully in the 2023 cycle. This means that in practice, entities will only have eighteen months to design and get their ESG reporting going, assign responsibilities, train staff and put the missing governance processes in place. More about what is to be done in the near future and how to prepare later in the newsletter.
Addressing the challenge of decarbonization - an oil and gas perspective
The oil and gas sector is confronted with the biggest task in society—addressing climate change. In addition to transforming their own business models, oil and gas companies are also being called upon to rebuild the world’s energy infrastructure while helping to drive down value-chain emissions. What pathways can companies take, and how can they address the challenge to decarbonize in an economically viable manner?
The roadmap to integrated thinking and reporting
The climate change crisis and the need to ensure transparency of activities in this area accelerated the introduction of global guidelines on reporting issues related to sustainable development and regulations in the field of ESG data disclosure. Boards and executives should take action today to discover new opportunities for value creation.
Read how to prepare an organization for the implementation of ESG reporting in the article “Living your purpose: A roadmap to integrated thinking and reporting”.
Draft standards for the CSRD directive
On 18 January 2022, Batch 1 working papers on the European Sustainability Reporting Standards were published by the European Commission’s task force to complement the Corporate Sustainability Reporting Directive. What does it mean for your company?
Webinar: Net-zero transition challenges for financial institutions
February 16, 2022 (3:30-4:30 pm CEST)
Take part in a global webinar with Deloitte experts and invited industry speakers to explore the topic of decarbonisation with a focus on zero-zero transition. During the meeting, we will talk about the challenges and how the financial services industry can increase the credibility and effectiveness of activities in this area. Please join us as we bring together several eminent Deloitte subject matter experts along with speakers from the industry to explore the topic of decarbonisation focusing on the net-zero transition.
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