ESGTree

ESG reporting is a powerful tool for value creation -- rather than simply a reporting burden to be checked off. Whether you are just starting your ESG journey or are seasoned practitioners, ESGTree provides fully customizable experiences to meet you where you are at. Our motto: Make ESG work for you. To all our clients: Thank-you for choosing ESGTree! #esgreporting #valuecreation

When the United States Securities and Exchange Commission announced its climate reporting regulations for public companies in March 2024, it came as no surprise when certain interests legally challenged them almost immediately. Now, the SEC has pushed back. Climate risk "can significantly affect a company’s financial performance and position," it argued in a brief submitted to the  U.S. Eighth Circuit Court of Appeals." The SEC rules proposed climate disclosures aligned with the Taskforce on Climate-Related Financial Disclosures (TCFD) framework. This framework is one that has been widely adopted worldwide, and is also automated by the ESGTree platform. "This case is not about climate change or environmental policy; it is about protecting investors," maintained the SEC. #sec #tcfd #sustainability #regulation #esg #disclosures #investors

A big Thank You to partners and attendees of our recent webinar on Implementing the IFRS S1 and S2 for investment firms! Speakers, Shahzeb Irshad, Senior VP ESGTree and Sophie Legler, Client Solutions Advisor, provided participants with practical insights, risk mitigation strategies, and actionable steps for aligning with the IFRS ISSB Sustainability Standards. 🔑 Key Webinar Takeaways: - Sustainability is no longer a fringe voluntary movement. Financial regulators, supported by IFRS standardization, are mainstreaming the integration of sustainability reporting in global markets. - With the first IFRS reporting period (started Jan 2024) ending in less than 6 months, organizations need to build internal capacity for incorporating sustainability information into financial reporting. - Early adoption of IFRS S1 & S2 can help firms 1) gain strategic insights by identifying new value creation opportunities, 2) gain a competitive edge by differentiating themselves in the market, and 3) prepare for eventual regional legislative adoption. For those who couldn’t attend the webinar, we’ve made the Slide Deck available for download. To access the Slides, please click the link below: 👉 https://lnkd.in/eSh8YWB5 A big thank you to Elizabeth Demers, Daniel Kim and the rest of the team from CPA Ontario Sponsored CSPM at University of Waterloo - School of Accounting and Finance in making this webinar possible, as well as all the participants that contributed to an engaging and informative session. Follow us to stay tuned for more events like this so that you can stay ahead of the evolving ESG landscape #IFRS #ISSB #ESG #FinancialInstitutions #Investing #Webinar #CPA #Sustainability #ESGTree

"Who polices the police?" Or, in ESG terms, who rates the raters? In the UK, at least, a new bill is brewing to regulate ESG ratings agencies, set to be introduced next year. The ESG or sustainability ratings industry is, in the words of the Financial Times below, "a largely unregulated sector that wields broad influence over trillions of pounds’ worth of investments." It is also an industry that would benefit from a set of harmonized standards so that investors can meaningfully compare companies' sustainability profiles. Click below to see how the UK plans on tackling the issue. #esg #ratings #sustainability #regulation #standards

Join us next week for our exclusive webinar in collaboration with CPA Ontario Sponsored CSPM, where we will offer practical insights and actionable steps for alignment with the IFRS ISSB Sustainability Standards. By attending, you’ll gain a clear understanding of: - The key actions to take in order to align with the ISSB S1 and S2 disclosures - The potential risks & opportunities to implementing the standards - The roadmap for implementation - How to leverage technology to streamline the reporting process With the global convergence on the IFRS ISSB Sustainability Disclosure Standards, our webinar serves as an opportunity for Investment Firms to understand how they can implement this unified guideline and improve their overall ESG reporting & integration. To signup for our upcoming webinar, click the link below: https://lnkd.in/gmD8ngCX

Last week, we posted about new regulation around the tracking and reporting of ESG risks along the supply chain. Now, Citibank and the International Finance Corporation (IFC) have announced the creation of a $2 billion dollar program to support sustainable supply chain management in emerging economies. In 2021, Citi announced $1 trillion to support various sustainable finance and UN Sustainable Development Goals (SDG) goals by 2030. As ESG disclosure rules tighten worldwide, tackling supply chains, once a more distant consideration, is now central. But it remains tricky nevertheless. Automated, centralized, cloud-based solutions will allow organizations to stay ahead of the curve, while saving time (and headaches). #supplychains #esg #reporting #regulation #scope3

Europe's Corporate Sustainability Due Diligence Directive, passed earlier this year, is no easy beast to manage: It will require businesses to address environmental and human rights risks within their supply chains, a challenging area to track. The Directive will affect European companies with over 1,000 employees and in excess of 450 million euros in turnover (in other words, around 5,500 companies), as well as foreign companies with substantial business in the EU (about 1,000 companies). "The affected companies will have to look at their own operations, their subsidiaries and within their supply chains to identify and mitigate human rights abuses and environmental damage," writes Reuters below. "That will involve a significant amount of work, including mapping supply chains to identify key areas of risk and taking measures to prevent or mitigate those risks." The rules will come into effect in 2027. Those organizations devising and implementing robust transition plans will come out on top. #esg #sustainability #eu #supplychains #humanrights #environment #risk

We're hosting an exclusive webinar on August 20th, 2024 in collaboration with CPA Ontario Sponsored CSPM, where we will delve into the crucial aspects of implementing the IFRS Sustainability Standards. With the global convergence on the IFRS's ISSB Sustainability Disclosure Standards, Investment Firms have an opportunity to comply with a unified guideline and improve their overall ESG reporting & integration. However, the crux of most firms' struggles with ESG compliance is implementation. To signup for our upcoming webinar, click the link below: https://rb.gy/ooesby

California is the world's fifth largest economy. It is also been at the forefront of progressive climate legislation in the US for decades. Enter California's Climate Corporate Data Accountability Act, or SB 253, set to come into affect soon. Under this legislation, companies with annual revenues in excess of $1 billion will have to publicly disclose their Scope 1, Scope 2 -- and critically -- Scope 3 emissions. “It is very significant that the fifth largest economy in the world – the state of California – now requires large corporations to publicly disclose greenhouse gas emissions across their entire value chain. This landmark legislation will have ripple effects far beyond California’s borders and can serve as a model for national and subnational governments to follow,” said Director of Greenhouse Gas Protocol Pankaj Bhatia. Click below for ESGTree's breakdown of SB 253 and its implications for ESG.

In the 6-minute clip below, ISSB Chairman Emmanuel Farber discusses the cost to companies of ignoring the organization's global sustainability reporting standards. Since the release of the ISSB standards one year ago, 20 countries have adopted them, amounting to about half of global GDP, according to Farber. As more nations buy in, "there will be a common language about those disclosures that you can describe as part of your financial reporting to investors and to banks. And so, now there will quite quickly be a cost for not joining." See the full interview clip below. #esgreporting #sustainability #accounting #issb