In the face of escalating environmental challenges and finite natural resources, businesses around the globe are rethinking their traditional operational models. The linear „take, make, dispose“ approach, which has dominated the industrial landscape for centuries, is increasingly recognized as unsustainable. Enter the circular economy—a transformative concept that promises to redefine
While browsing the news lately, one might have noticed that one topic has enjoyed substantially more coverage than usual. That topic is biodiversity. Part of the attention was caused by a landmark agreement on biodiversity at the end of the UN Biodiversity Conference COP15, chaired by China, that was held
As banks navigate the transition to a low-carbon economy, they face a myriad of challenges and opportunities in managing Environmental, Social, and Governance (ESG) risks. The draft guideline issued in January 2024 by the European Banking Authority (EBA) marks the next significant milestone towards a more sustainable and responsible finance sector, aligning
The European Financial Reporting Advisory Group (EFRAG) is mandated by the European Commission to develop the sustainability reporting standards and started publishing the „European Sustainability Reporting Standards“ (ESRS) in January 2022. The group published drafts for the sector-agnostic cross-cutting and topical standards for consultation in April 2022. The first set
