ESG

EBA Unveils Guidelines for ESG Risks: A Roadmap for Resilient & Sustainable Banking

In a move that could redefine how banks prepare for a greener and more responsible future, the European Banking Authority (EBA) has released its Guidelines on the management of Environmental, Social, and Governance (ESG) risks. Published on January 9, 2025, the 151-page report lays the groundwork for eurozone financial institutions to embed sustainability into their DNA—not just for today but for decades to come.

From Polls to Policies: Workiva Report Highlights Resilience in Climate Disclosures

As the dust settles from over 70 national elections worldwide, it has become clear that business leaders are no longer letting political outcomes dictate their climate strategies. A recent Workiva survey of 1,600 global executives underscores this shift. Despite the uncertainty surrounding regulatory frameworks, an overwhelming 85% of executives plan to push forward with climate disclosures regardless of election results or geopolitical developments.

Sustainability Reporting 2024: Are Companies Ready for the Big Leagues?

Sustainability reporting has evolved from a nice-to-have to a must-do. For years, it’s been voluntary—a chance to show off green credentials. But now? Regulators and investors are upping the ante. KPMG’s 13th Survey of Sustainability Reporting couldn’t have landed at a better time. With mandatory reporting on the horizon for many countries, the survey offers a fascinating look at how global companies are preparing for this seismic shift—or not.

Decarbonization of Steel Relies on Collaboration Throughout the Value Chain

Last month, Deloitte released a report analyzing potential pathways to decarbonizing the steel industry. The report highlights the critical role of the value chain and collaboration in achieving decarbonization, alongside key hurdles and potential solutions for progressing toward net-zero emissions.

Hong Kong Sets the Stage for Sustainability with New Disclosure Roadmap

On December 10, Hong Kong took a big leap toward shaping its future as a global leader in green finance by unveiling a new roadmap for sustainability disclosure. The plan outlines how the city will guide publicly accountable entities (PAEs) toward adopting the International Financial Reporting Standards - Sustainability Disclosure Standards (ISSB Standards), setting a clear path to full implementation by 2028.

AFM Highlights Impact of CSRD on Sustainability Reporting & Investor Transparency

As we move into the 2024 financial year, big changes are on the horizon for large publicly listed companies. Thanks to the Corporate Sustainability Reporting Directive (CSRD), companies with over 500 employees are now required to significantly enhance how they report sustainability information. These changes, highlighted in the latest AFM (Dutch Authority for the Financial Markets) Market Watch report, will not only impact annual corporate reports but also extend to prospectuses and press releases, providing investors with clearer, more detailed insights into a company’s environmental, social, and governance (ESG) efforts.

The Right Thing to Do: ESG in a Complex World

Mark Twain famously said, “You’re never wrong for doing the right thing.” While Twain wasn’t contemplating Environmental, Social, and Governance (ESG) principles, his words resonate powerfully in a world where corporate behavior is under an unrelenting microscope. ESG is no longer a "nice-to-have." It’s a guiding ethos that challenges businesses to reconcile profitability with purpose—and to do so transparently, accountably, and authentically.