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While opportunities are clearly seen and resource shortages and climatechange are rated among the top risks to be prepared for, execution is still lacking. SAP too is committed to ecosystem restoration to address climate action. million trees and annually publishes its tree planting status in the SAP IntegratedReport.
The Corporate Sustainability Reporting Directive, or CSRD, ( EU 2022/2464 ) entered into force in January 2023. The CSRD emphasizes the importance of a double materiality assessment , which requires companies to identify and report on the sustainability issues most relevant to their business and stakeholders. IntegratedReporting.
Perhaps it is also the proximity of the developments in response both in Europe and at the global level – astonishingly fast in comparison to the highly measured pace in the world of financial reporting standards – which exposes the catalytic effect that each is having on the other. C are positive signs.
It’s very, very easy to criticise and threaten everyone with the worst consequences of catastrophic climatechange, but I’m much more interested in doing something to stop that happening. Doom and gloom leads us nowhere, said Howitt. COP 30 will be a litmus test of where US business stands, said Howitt.
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