
ESG
ESG criteria are charting the course for sustainable transition in both the b2b world from SMEs and large corporations to the world of finance.
ESG criteria are charting the course for sustainable transition in both the b2b world from SMEs and large corporations to the world of finance.
When someone, for the first time, meets the word "Taxonomy," generally comes up against a wall, imagining a complex structure that only professionals of the sector can decipher.
There is no doubt that environmental, social and governance (ESG) investments will be the dominant theme of the financial sector and markets over the next decade. About one-third of all assets under management, or $35 trillion of assets under management worldwide, use some form of sustainable investment strategy.
Small and medium-sized enterprises (SMEs) play a vital role in the global economy, contributing to job creation and economic growth. SMEs account for 90% of businesses worldwide and more than 50% of global employment. In Europe, such statistics are even more impacting as SMEs represent 99.8% of private companies and more than 60% of employment.
In the new framework defined by the European Taxonomy, with regard to the rules and objectives for classifying business activities that are considered environmentally, socially, and governance sustainable, a prominent point much discussed at the moment, especially in the financial world, is covered by Article 8 of the Taxonomy.
It is increasingly fundamental for Companies and Financial players to measure and monitor their GHG emissions, a primary driver of climate change, and one of the world’s most pressing challenges .
The concept of green procurement refers to the acquisition of products with a reduced environmental impact, which provides the same or improved function and performance but are less harmful to human health and the environment. It involves the use of materials with a low environmental impact and that are more sustainable, as well as the implementation of practices that promote sustainability and the choice of the less impacting option of sourcing and production.
GRI (Global Reporting Initiative) is the independent, international organization that helps businesses and other organizations take responsibility for their impacts, by providing them with the global common language to communicate those impacts. It provides the world’s most widely used standards for sustainability reporting – the GRI Standards.
During the week of 5/9th of September, the fourth edition of the "Sustainability week" organised by the Italian Stock Exchange took place, with the participation of the major investment funds, advisors and corporate companies engaged today in investment processes to facilitate the transition towards a sustainable economy.
The Sustainability reporting, introduced for European companies with the EU Directive 95/2014, represents to date in the international reporting landscape, the starting point of a continuously evolving path that aims to meet numerous challenges, first and foremost the integrated management of non-financial information, structured in a framework that can be as comprehensive as possible, to be placed alongside classic financial reporting.