{"id":31936,"date":"2024-11-05T22:58:08","date_gmt":"2024-11-05T21:58:08","guid":{"rendered":"https:\/\/www.co2news.sk\/?p=31936"},"modified":"2024-11-05T23:01:22","modified_gmt":"2024-11-05T22:01:22","slug":"a-comprehensive-view-of-esg-from-disclosure-to-due-diligence","status":"publish","type":"post","link":"https:\/\/www.co2news.sk\/en\/2024\/11\/05\/a-comprehensive-view-of-esg-from-disclosure-to-due-diligence\/","title":{"rendered":"A comprehensive view of ESG: From disclosure to due diligence"},"content":{"rendered":"<p>ESG is a set of criteria used to assess the sustainability and ethical impact of investments and business activities.<!--more--><\/p>\n<p><strong>\u00a0Key ESG areas:<\/strong><\/p>\n<p><strong>1. Disclosure of sustainability information:<\/strong><\/p>\n<ul>\n<li>Sources point to growing pressure for transparency in the area of ESG. <strong>EU legislation, such as the CSRD Directive (2022\/2464), introduces an obligation for businesses to disclose detailed information about their sustainability impacts, risks and opportunities.<\/strong><\/li>\n<li><strong>This information must be disclosed in accordance with established standards, such as the European Sustainability Reporting Standards (ESRS).<\/strong><\/li>\n<li><strong>An important aspect of disclosure is also the assessment of \u201cdual materiality\u201d,<\/strong> which means that businesses must consider both their impact on the world and the world&#039;s impact on them.<\/li>\n<li><strong>Sources highlight the need for accurate, reliable and comparable ESG information,<\/strong> so that investors and other stakeholders can make informed decisions.<\/li>\n<\/ul>\n<p><strong>2. Sustainability due diligence:<\/strong><\/p>\n<ul>\n<li><strong>The CSDDD Directive (2024\/1760) introduces an obligation for businesses to implement due diligence processes in the areas of human rights and the environment.<\/strong><\/li>\n<li><strong>This means that businesses must identify, prevent, mitigate and remediate negative impacts within their own operations and value chains.<\/strong><\/li>\n<li><strong>ESG due diligence is becoming an integral part of responsible business and helps minimize risks and maximize positive impact.<\/strong><\/li>\n<\/ul>\n<p><strong>3. Combating greenwashing:<\/strong><\/p>\n<ul>\n<li><strong>Greenwashing is the practice of businesses trying to present themselves as more environmentally friendly than they actually are.<\/strong><\/li>\n<li><strong>The EU is taking action to combat greenwashing through legislation and strengthening transparency.<\/strong><\/li>\n<li><strong>Regulatory authorities, such as ESMA (European Securities and Markets Authority), play a key role in monitoring and enforcing the rules.<\/strong><\/li>\n<li><strong>Consumers and investors need to be informed and critical of environmental claims to avoid greenwashing.<\/strong><\/li>\n<\/ul>\n<p><strong>4. The role of financial institutions:<\/strong><\/p>\n<ul>\n<li><strong>Financial institutions play a key role in promoting ESG.<\/strong><\/li>\n<li><strong>The SFDR Regulation (2019\/2088) obliges them to disclose information on how they take ESG risks and opportunities into account in their investment decisions.<\/strong><\/li>\n<li><strong>Investors are increasingly demanding that their investments align with their values and that financial institutions support sustainable development.<\/strong><\/li>\n<\/ul>\n<p><strong>5. External assessment:<\/strong><\/p>\n<ul>\n<li><strong>EU legislation, such as the European Green Bond Regulation, introduces an obligation for external assessment of certain financial products in terms of their sustainability.<\/strong><\/li>\n<li><strong>External assessors must be registered and subject to ESMA supervision.<\/strong><\/li>\n<li><strong>The aim of external assessment is to ensure the credibility and reliability of ESG information.<\/strong><\/li>\n<\/ul>\n<p><em><strong>Conclusion:<\/strong><\/em><\/p>\n<p><strong>ESG is becoming an integral part of modern business and investing.<\/strong><\/p>\n<p>EU legislation and growing consumer and investor awareness are creating pressure for transparency, accountability and real progress in sustainability.<\/p>\n<p>Businesses and financial institutions that actively engage in ESG can minimize risks, build trust, and contribute to a more sustainable future. <em><strong>Spring<\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>ESG is a set of criteria used to assess the sustainability and ethical impact of investments and business activities.<\/p>","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-31936","post","type-post","status-publish","format-standard","hentry","category-lca_esg_ghg_csddd_csrd_iso_flr"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/31936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/comments?post=31936"}],"version-history":[{"count":0,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/31936\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/media?parent=31936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/categories?post=31936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/tags?post=31936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}