ESG is short for Environmental, Social and Governance, in Slovak E – environmental, S – social and G – correct factors on the basis of which we can evaluate the sustainability and ethics of the company. They provide an insight into the company's impact on society, the environment, and the management's approach to running the business. Investors and analysts use ESG criteria to measure the risks and opportunities associated with investing in given companies. (More on wikipedia)
GHG Protocol (Greenhouse Gas Protocol) - The Greenhouse Gas Protocol provides accounting and reporting standards, sector guidance, calculation tools and training for businesses and local and national governments. It created a comprehensive, global, standardized framework for measuring and managing emissions from private and public sector operations, value chains, products, cities and policies to enable across-the-board reductions in greenhouse gas emissions. (More on co2news.sk)
The European Parliament's Committee on Legal Affairs (JURI) voted in favour of approving the significant changes in the EU Corporate Sustainability Reporting Directive (CSRD) and the Due Diligence Directive (more…)
The EU Ecolabel is a tool designed to help minimise the various environmental impacts of a product at each stage of its life cycle. The criteria are set at levels that (more…)
Study Scenario 2040 The European Commission's Joint Research Centre (JRC) provides a comprehensive analysis of the potential impacts of broad “what if” scenarios related to the Common Agricultural Policy (more…)
Measuring Scope 3 emissions in the food and beverage industry is a complex task. While the science is clear, accessing and managing the data poses significant challenges. Sustainability teams and (more…)
The Covenant of Mayors for Climate and Energy – Europe (CoM EU) is the largest European initiative for local climate and energy action, bringing together around 12,000 local authorities. Its aim is to support the design and implementation of effective (more…)
1. Introduction [Company Name] believes that economic insight must go hand in hand with environmental and social responsibility. In [Year], we continued our commitment to transparency and accountability by adopting the Voluntary Standard for Small and Medium-sized Enterprises (VSME) (more…)
Cross-laminated timber (CLT) structures are gaining popularity as a sustainable alternative to traditional building materials. To assess their true environmental impact, it is crucial to analyze greenhouse gas (GHG) emissions throughout the life cycle – from (more…)
The transition to a more sustainable economy, particularly in the European Union, places a key role on the financial sector in redirecting private capital into sustainable investments. However, ambitious sustainability goals face significant financial challenges. (more…)
The first half of 2025 brought significant changes to global sustainability reporting. International bodies, regional institutions and national legislations are working intensively to simplify, harmonise and implement standards for (more…)
The urgency of comprehensive and effective policy responses to climate change is increasing as its impacts become more pronounced. Europe is warming twice as fast as the global average, leading to serious impacts such as extreme weather and threats to (more…)
The EU Deforestation Regulation (EUDR), which entered into force on 29 June 2023, represents a key step in the European Union's efforts to combat global deforestation. Its main objective is to ensure that products (more…)
Slovakia, like other countries in the Central and Eastern Europe and Central Asia region, is undergoing dynamic developments in the area of ESG regulations. These changes are part of a broader trend of strengthening requirements for (more…)
ESG strategies help companies not only comply with changing regulations, but also predict and adapt to, for example, potential resource shortages or rising production costs in specific regions. (more…)
Sustainability legislation is constantly changing and evolving, both internationally and within the European Union. These developments signal an effort to simplify some processes. (more…)
The Central and Eastern European region offers German companies strategic opportunities in the areas of nearshoring, mergers and acquisitions in problem areas, and regional consolidation. Proactive strategies (more…)
Climate change and the subsequent regulatory evolution are nothing new for the energy sector. However, in 2025, the European Green Deal and the Corporate Sustainability Reporting Directive (CSRD) will become (more…)
Over the past decade, environmental, social and governance (ESG) issues have gained significant global attention among policymakers, business leaders and the public. There is a growing consensus that ESG is (more…)
Why is it important to report emissions: Measuring and reporting emissions helps companies identify the main sources of emissions (energy, fuel, material consumption or travel) and look for savings. According to PwC, tracking the carbon footprint brings a competitive advantage, fulfilling (more…)
The European Commission is currently considering significant reforms to the Sustainable Finance Disclosure Regulation (SFDR) following criticism of its design and the identification of (more…)
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