Tag: sustainability & profitability
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Global Reporting Initiative (GRI)
Global Reporting Initiative (GRI) The Global Reporting Initiative (GRI) is an international, independent organization that provides a standardized framework for companies and organizations to report on their environmental, social, and governance (ESG) impacts. The GRI Standards help organizations disclose information on issues such as resource use, emissions, labor practices, human rights, and corporate governance. By…
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Financial Materiality
Financial Materiality Financial materiality is the aspect of Double Materiality that refers to the impact that ESG issues can have on a company’s financial performance. For example, how climate change, workforce management, or a company’s governance practices can influence its revenues, costs, asset value, and reputation. This is the traditional perspective of materiality in which…
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ESG (Environmental, Social, Governance)
ESG (Environmental, Social, Governance) ESG stands for environmental, social and governance. These are called pillars in ESG frameworks and are used to evaluate the sustainability and ethical impact of an investment in a company. They are the main topic areas that companies are expected to report in. Here’s a summarized breakdown of each:
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Double Materiality
Double Materiality Materiality holds significant importance within sustainability reporting, signifying the prioritization of certain issues by an organization and its stakeholders over others. Previously, materiality assessments focused solely on the company’s impact on external factors such as the environment. However, the evolving recognition of the interconnectedness between a company’s actions and broader societal challenges has…
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Corporate Sustainability Reporting Directive (CSRD)
Corporate Sustainability Reporting Directive (CSRD) Presented by the European Commission in 2021, the Corporate Sustainability Reporting Directive (CSRD) is a regulation designed to introduce standardized non-financial reporting across the EU. i.e. the way in which companies report on how they take into account environmental, social and governance issues. It succeeds the NFRD (Non-Financial Reporting Directive),…
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Carbon Disclosure Project (CDP)
Carbon Disclosure Project (CDP) a global nonprofit organization that helps companies, cities, states, and regions disclose their environmental impacts. The CDP provides a standardized platform for organizations to report data on their GHG emissions, climate-related risks, water usage, and deforestation practices. By offering this framework, CDP encourages transparency and accountability in how organizations manage their…
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CEO Interviews – Michel Teweles
Michel Teweles, CEO, rvow Ocean born, Swiss innovation Before my heart beat for watchmaking, it sailed to the rhythm of the oceans. I began my professional career as a tactical skipper, challenging the waves in inshore sailing races, particularly in the world of match racing and the America’s Cup. At that time, my partners were…
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eBook no. 1
Navigating CSRD: How to Become a Captain of CSRD/ESG reporting? – Welcome to “Navigating CSRD/ESG Reporting”, the flagship podcast from Sustain Ability Media, designed to guide its listeners through the sometimes turbulent waters of Corporate Sustainability Reporting Directive (CSRD). If you’re at the helm of your company and find these concepts as daunting as navigating…
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Sustainability & Profitability Podcast – Episode 1
Whether you’re just starting out with ESG reporting or seeking to integrate sustainability into your business model, this is your guide to navigating the path from compliance to competitive advantage.