Emerging perspectives: double materiality and dynamic materiality

The IPCC AR6 synthesis report has been released, recapping the findings of the prior three reports and providing an overview of the status of climate change. The report states that global warming is of utmost importance for humanity in the near and long-term future, caused by unsustainable energy use, land use, and patterns of production and consumption. The report predicts that the 1.5℃ temperature target will be reached within two decades causing irreversible and adverse impacts on society and our ecosystem. However, immediate action to decarbonize emissions across all sectors and industries can help to reach the 1.5℃ target by 2050. The report emphasizes the importance of using regulatory, policy, and economic instruments to ensure decarbonization and climate resilience in organizations.

In a significant step towards achieving global net-zero emissions, the Net-Zero Insurance Alliance (NZIA) committed to align their underwriting portfolios to net-zero GHG emissions by 2050. This announcement sets an ambitious target for (re)insurers members of the Alliance to transition towards a more sustainable future and underscores the urgent need for action.

The CSRD is the new EU legislation requiring all large companies to report at least annually on their environmental, social and governance (‘ESG’) activities and performance. In this blog, we will dive into why the CSRD was created in the first place, and why this new legislation can be more than a regulatory must for your company.

Companies have a responsibility to respect human rights, and to do so, they are required to exercise human rights with due diligence. Multiple pieces of legislation are currently being implemented for making human rights due diligence a mandatory process.

With the Corporate Sustainability Reporting Directive (CSRD) published in the European Union’s Official Journal, we’d like to dive into the most recent changes, and how it affects businesses. Since publishing our last blog on CSRD updates, two major changes have taken place.

The EU Taxonomy differentiates between eligible and aligned activities. In this blog, we provide you with an overview of updated requirements, estimated timelines for your organization, and how we at Sustainalize/ERM can help guide you through the complexity of reporting in accordance with the EU Taxonomy – specifically focused on alignment.

In collaboration with Otrium, we’re launching a series of blog posts aimed at simplifying the newest and forthcoming laws and legislation around sustainability in the fashion industry: ESG reporting laws and legislation

On September 28th 2022 the Science Based Targets initiative (SBTi) launched the long-awaited addition to its expanding sector guidance portfolio. The Forest, Land and Agriculture (FLAG) guidance was made publicly available to be used by industry leaders of land-intensive sectors. We have elaborated on the guidance.