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Can we finally standardize ESG standards?

GreenBiz

Consolidated ESG standards: Recently, four leading ESG standards organizations — GRI, the Sustainability Accounting Standards Board (SASB); CDP (formerly the Carbon Disclosure Project); the Carbon Disclosure Standards Board (CDSB); and the International Integrated Reporting Council (IIRC) — declared their intent to collaborate.

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The 33 sustainability certifications you need to know

GreenBiz

The organizations that comprise the infamous alphabet soup of reporting frameworks and standards each provide their own approach to the reporting of sustainable value creation and disclosure of climate-related risks, which makes deciding what reporting-related certification to pursue incredibly difficult.

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Beyond emissions: The life of a carbon molecule

GreenBiz

According to an analysis of CDP data , just seven industries account for 85 percent of direct Scope 1 emissions. That means a lot of companies — and, indeed, entire industries — need to identify levers of influence that align with their operations, business models and value creation strategies. Moving along the value chain.

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Clorox Chief Sustainability Officer’s 4 Takeaways From Climate Week 2024

3BL Media

Discussions with organizations across a wide spectrum of sectors highlighted that ESG reporting goes beyond traditional financial reporting by incorporating critical elements like cost avoidance, risk mitigation and long-term value creation.

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ESG Acronyms and What They Mean

3BL Media

Integrated Reporting Framework (IR Framework) The International IR Framework is a principles-based framework that focuses on three principles: value creation, value preservation and the identification and retention of financial, manufactured, intellectual, human, social and natural capital.

UNSDG 147
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83% of Companies Say Collecting Accurate Data for CSRD Reporting Requirements will be a Challenge: Workiva Survey

ESG Today

Similarly, 88% said that integrated financial and ESG reporting will have a positive impact on long-term value creation. Among the reasons suggested by the study of companies’ plans to meet the challenging CSRD reporting requirements were the widespread perception of benefits that can be derived from improved ESG reporting.

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Developing a Profound, Climate Strategy Through Deep Decarbonization

Sphera

Furthermore, a 2021 Carbon Disclosure Project (CDP) report shows that significant gaps exist in the disclosures of companies’ climate strategies. Just over a third of the companies reviewed are considered to have credible emissions reduction targets and less than 1% is reporting on all of the CDP’s key climate transition-focused indicators.