Sustainability News - December 2024

👉 CDP & EU Standards

The CDP and EFRAG announce extended interoperability between the CDP questionnaire and the European sustainability reporting standards.

Source: EFRAG, 12/11/2024

👉 Towards a Renegotiation of the Green New Deal?

The European Commission is considering proposing 'omnibus' legislations to renegotiate certain specific points of the CSRD, the duty of care, and the green taxonomy.

Source: Novethic, 11/22/2024

👉 European Law

The European Commission has made available a Frequently Asked Questions (FAQ) to clarify the requirements of the CSRD directive and the SFDR regulation to facilitate their implementation by companies.

Communication no. 2024/6792 of the Commission, OJEU, 11/13/2024

👉 Sustainability Assurance

The IAASB (International Auditing and Assurance Standards Board) has published the International Standard on Sustainability Assurance 5000 (ISSA 5000).
This standard is intended to serve as a comprehensive, standalone standard suitable for all sustainability assurance engagements.
A range of guidance and application documents is scheduled for release in January 2025.

International Standard on Sustainability Assurance 5000 (ISSA 5000), IAASB, 12/22/2024

👉 Non-Listed SME Reporting

The EFRAG's Sustainability Reporting Board (SRB) has adopted its proposal for voluntary standards on sustainability reporting intended for non-listed SMEs (not legally required to submit a sustainability report).
These guidelines will shortly be submitted to the European Commission, which may decide to issue them as a legislative recommendation or official communication.

Voluntary reporting standard for SMEs (VSME), EFRAG, 11/13/2024

👉 CSRD: The DGE Guide

The General Directorate for Enterprises publishes a practical guide featuring essential resources to address companies' questions about the CSRD.

“CSRD? Steering my company's transition”, DGE, 11/20/2024

👉 Companies' performance in carbon transition: the IFD Guide

The Institute for Sustainable Finance publishes a guide for analyzing companies' performance in carbon transition. This guide is intended as a tool describing the framework and best practices for analyzing climate transition plans. It is intended for analysts in the financial sector and companies in the context of developing and steering their carbon transition strategies.

“Guide for analyzing companies' performance in carbon transition”, Institute for Sustainable Finance, 11/19/2024