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Novartis delivered a strong performance in 2023, advancing new treatments for serious diseases and broadening access to our medicines. 2023 HIGHLIGHTS New era for Novartis : 2023 was a historic year for Novartis. Innovation : In 2023, Novartis continued to deliver new medicines to patients.
YKK Corporation has released “This is YKK 2024” IntegratedReport showcasing notable progress in its journey toward climate neutrality and environmental stewardship. Progress is detailed in the IntegratedReport , with additional data on environment, society, governance, and finance in the Data Book.
The New York Power Authority (NYPA) today (Aug 19) released its second annual integratedreport, which details how the Power Authority and its subsidiary, the New York State Canal Corporation, a.
Vancity’s 2023 financial results show areas of continued strength despite modest operating earnings amid a challenging rate environment. Vancity’s 2023 Annual Report can be viewed here: Annual Report - Vancity Action on the climate crisis remains a high priority. billion to $35.5 billion Financed $14.4
Highlights from the report include: 81% of companies not subject to the European Union’s Corporate Sustainability Reporting Directive still intend to comply. 78% of practitioners say three or more internal teams are involved in their company’s ESG reporting processes, up from 71% in 2023.
On December 7, 2023, as part of continued efforts to increase transparency into grid operations, ERCOT announced the new Energy Storage Resources (ESR) dashboard and IntegrationReport that provides T.
While companies aim to meet the reporting requirements of the new regulation, however, the survey also indicated the need for more progress on integrating sustainability reporting functions and processes, with CSRD about to take effect next year.
Two-pillar sustainability reporting framework harmonises nine key ESG reporting standards and 14 UN Sustainable Development Goals On track towards achieving its SBTi-validated GHG emissions intensity reduction targets based on a 1.5°C In 2021, CDL raised the bar and renewed its SBTi-validated targets aligned with a 1.5°C
Complementing its pledge towards its first stage of Operational Net Zero by 2030, the Company achieved a 14% reduction in total operational carbon emissions across the Company’s business operations in Singapore for the year under review (January to December 2023) compared to 2022.
Complementing its pledge towards its first stage of Operational Net Zero by 2030, the Company achieved a 14% reduction in total operational carbon emissions across the Company’s business operations in Singapore for the year under review (January to December 2023) compared to 2022.
Last updated on September 11, 2023 Forward-looking organizations are diving into environmental, social and governance ( ESG ) and sustainability, which can feel like ESG alphabet soup, a seemingly never-ending list of acronyms for varying ESG concepts, frameworks, rating agencies, regulations and regulatory bodies.
There aren’t that many overlaps in truth,” added Howitt, who also spent almost three years as CEO of the International IntegratedReporting Council. In 2023, the CSRD was approved, introducing requirements for businesses to report greenhouse gas emissions and other disclosure requirements.
This doubling down on its net-zero strategy follows SAP’s successful delivery on its pledge to become carbon neutral in its own operations in 2023 by balancing out unavoidable emissions with carefully selected carbon credits. Examples include avoided deforestation or energy efficiency projects.
One of the key goals of the ISSB was to enable a reduction in the complexity of multiple sources of sustainability reporting initiatives. The taskforce released its TPT Disclosure Framework in October 2023, aimed at providing a “gold standard” for companies to develop and report on their climate transition plans.
ESG and sustainability reporting CSRD will make reporting on ESG and sustainability mandatory for around 50,000 companies including thousands headquartered outside the EU including more than 3,000 in the United States.
As such, this 2021 CSR Report continues to provide data disclosures aligned with the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) reporting frameworks. In addition, this year’s report is the first to integratereporting aligned with key data points of the TCFD.
The Corporate Sustainability Reporting Directive, or CSRD, ( EU 2022/2464 ) entered into force in January 2023. On June 9, 2023, the European Commission published the first draft Delegated Act on the ESRS, with a feedback period through July 7, 2023. IntegratedReporting. Double Materiality Assessment.
Integratingreporting : organisations could feasibly integrate their science-based targets into their TNFD disclosures, making for a more comprehensive and credible sustainability report. It's designed to permeate the very DNA of a corporation's strategy, operations, risk management and financial planning.
The ISSB – International Sustainability Standards Board – is special because it reduces the amount of frameworks, and merges an array of existing major international frameworks, including TCFD , CDSB Framework ; IntegratedReporting Framework; SASB Standards; WEF Stakeholder Capitalism Metrics.
In March, the ISSB published its first proposals for investor-focused sustainability reporting standards. Two draft standards are open to feedback until 29 July and are expected to be finalised in late 2022 or early 2023. VRF technical expertise, content, staff and other resources will be absorbed by the IFRS Foundation.
Product-level disclosure requirements affect pre-contractual disclosure (client information, brochure, etc), product website disclosure, and periodic product reports. From 2023 they will cover all EU-listed companies and non-listed companies employing 250+ people. Net Zero Standard Financial Sector.
However, the information is reported separately from financial information, requiring investors to access multiple reports. See you in 2023. I wish you a happy and healthy New Year. Thank you so much for reading my blogs. My success as having one of the highest rated blogs in the philosophy space is due to your loyal readership.
Although regulation is necessary, in a recent survey commissioned by PwC and Workiva , almost all business leaders (96%) said they would seek assurance for ESG reporting regardless of whether it was included in the SEC’s final ruling. By integratingreporting practices, companies can reflect a cohesive and consistent way of working.
From 2023 onwards, they will require the publication of climate-related financial statement metrics and related disclosures in a note attached to a firm’s audited FS. Disclosures will cover GHG emissions (scope 1, 2 and 3), and other climate reporting (governance, physical risks, targets, scenario analysis). Biodiversity).
Even without such requirements, ESG News highlights a study finding that around the world, 85% of executives planned to disclose GHG emissions because of what is viewed as the financial benefits of integratedreporting. public companies in 2023.
Even without such requirements, ESG News highlights a study finding that around the world, 85% of executives planned to disclose GHG emissions because of what is viewed as the financial benefits of integratedreporting. public companies in 2023.
These efforts will need funding; the US International Development Finance Corporation (DFC) commits to achieving a net zero investment portfolio by 2040 with one-third or more of the new investments made having a “climate nexus” by FY 2023.
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