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The primary reviews on the local weather influence of organizations below the EU’s Company Sustainability Reporting Directive (CSRD) gained’t trickle in till 2025 for the 2024 monetary yr, and the tremendously anticipated US Securities & Alternate Fee (SEC) rule on climate-related disclosure that was slated to be finalized in 2023 has been postponed but once more. However that hasn’t stopped impartial boards and trade organizations from providing a bunch of frameworks, requirements, and rules — all geared toward supporting the sustainability disclosure and reporting course of.
When Coco Chanel gave the now well-known recommendation of “much less is extra,” this market didn’t get the message. As we speak, sustainability reporting at its core is a posh map of quite a few noninterchangeable requirements and frameworks that organizations should study to navigate as a way to adjust to international rules. Discovering the proper one (or, oftentimes, the proper ones) will be daunting when they’re always merging, evolving, and creating new acronyms for sustainability professionals to type out. For multinational organizations, the burden of revealing towards a number of of those frameworks and requirements is dismissed as the price of masking all their bases.
Within the report Navigate When And How To Use The Colliding Panorama Of Sustainability Reporting, I’ve performed the analysis that can assist you navigate the excess of sustainability requirements — a standard problem when there are various voluntary choices and few mandated necessities. The report additionally dives into the 4 hottest and generally used requirements and frameworks for sustainability disclosures: Worldwide Monetary Reporting Requirements (IFRS), the World Reporting Initiative (GRI), the Carbon Disclosure Undertaking (CDP), and the Activity Pressure on Local weather-related Disclosures (TCFD).
Use this report to guage the advantages, limitations, concerns, and learn how to get began with utilizing these 4 frequent requirements and frameworks. Schedule an inquiry or steering session with me to speak about local weather threat and rising rules for sustainability disclosure and reporting.
(written with Kaylee Mahoney, analysis affiliate at Forrester)
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