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RELATED Canadian investors stand firm on ESG despite greenhushing trend, report finds The anti-DEI movement confronts an unlikely opponent: big banks Meet the four most sustainable funds on the market for 2025 Deadlines to submit reports starting in 2026 will be pushed back to 2028.
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The annual Sustainability Report produced by enterprise software firm SAP appears to reveal that 8 in 10 (83%) UK leaders will maintain or increase their investment in sustainability action by 2026. Yet, despite these intentions, UK businesses continue to create their own barriers to environmental progress, say the report’s authors.
This “reasonable assurance” requirement will apply to the top 250 companies by market cap for fiscal year 2023-2024, the top 500 companies for fiscal year 2024-2025, and the top 1,000 companies for fiscal year 2025-2026. The remaining investments can be in other BRSR reporting companies.
Meanwhile, greenwashing remains a concern and risks undermining trust in ESG claims. These standards will be rolled out initially to large listed companies in 2024 with reporting expected in the next fiscal year, followed by other large companies in 2025 (reporting in 2026) and listed SMEs in 2026 (reporting in 2027).
Maria Eugenia Filmanovic, Co-founder of Abatable, explains how the VCMI’s new Scope 3 Claim could support firms struggling to reduce their supplychain emissions.
Listed SMEs, small and non-complex credit institutions and captive insurance undertakings must report in line with CSRD from 2026. “It Greenwashing is over. Van de Wijs said CSRD was an improvement on the NFRD, particularly regarding the demands on larger companies to disclose ESG risks throughout their supplychain.
Besides smart, reliable regulation also accurate data on emissions along the supplychain is paramount to trigger the necessary investment, said Dominik Asam, CFO and member of the Executive Board of SAP SE. CBAM will apply in its definitive regime from 2026.
Bringing ESG ratings providers into regulation will boost investor confidence, reduce greenwashing, and address the lack of transparency highlighted in responses to the governments consultation.” net zero or supplychain) or who offer multiple rating.
A person close to the Australian Treasury understands that the ‘Finance Agenda’ consultation is likely to include disclosures, taxonomy, transition planning and greenwashing, including financial product labelling. Parker from RIAA welcomes the potential for a product labelling system in Australia.
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