Reuters Webinar on Coordination of ISSB and CSRD: Streamlining ESG Reporting for International Businesses

August 31, 2023 /3BL/ – In an evolving global reporting landscape, businesses are under increasing pressure to consolidate, structure, and annually disclose their sustainability performance. This challenge is particularly pronounced for companies operating across jurisdictions, where deciphering the necessary reporting obligations can be complex. Is your company ready to successfully navigate the ESG reporting jungle and meet the information needs of regulators and investors?

Join us for this 1-hour webinar, in partnership with Sphera, where we will provide clarity on reporting requirements for companies operating globally. With a specific focus on CSRD and ISSB standards, we will equip you with practical solutions that can help you effectively translate disclosure requirements into practice.

Register for our free webinar ‘Coordination of ISSB and CSRD: Streamlining ESG Reporting for International Businesses’ on Wednesday September 6th at 9:30am CT

Key topics include:

Explore how to analyze your group organization structure to identify CSRD reporting obligations and get further clarity on reporting exemptions that may applyHear core elements of the CSRD and ISSB standards and see where synergies may lieUnderstand how to conduct your double materiality assessmentLearn the digitization requirements to enhance your data accuracy and accessibility

Hear from leading speakers, including:

Anna-Stina Reuter, Senior Sustainability Consultant, SpheraNeil Stewart, Director of Corporate Outreach, the IFRS FoundationAhsan Azim, ESG & Enterprise Performance Management, SABICModerator – Dr. Sandy Smith, EHSS Vice President, EMEA & APAC Region, Sphera

Join us on September 6th for valuable insights and guidance on navigating and unravelling the complicated frameworks and regulations of the international landscape of ESG reporting.

P.S. If you can’t make it to the live webinar on September 6th, don’t worry! Register anyway, and we’ll send you the recorded session later!

Media Contact: 
Louisa Coleman

Register Now

Fostering Change During Black Philanthropy Month and Beyond

Black Philanthropy Month is an annual, global celebration of African-descent giving in all forms. The month-long observance invites all people of African ancestry and allies to tap into the power of giving to transform lives. In philanthropy, embracing equity, diversity, and inclusion (EDI) is essential to foster meaningful change, and this annual observance amplifies the impact of giving while shedding light on the unique challenges facing the Black community.

Black-led nonprofits remain underfunded by donors compared to white-led organizations. Combined funding to Black communities is 1% of all community foundation funding. Moreover, revenues of Black-led nonprofits are 24% smaller than their white-led counterparts, and unrestricted net assets of Black-led nonprofits are 76% smaller than white-led nonprofits. White-led nonprofits are also more likely to receive corporate donations — 71% versus 58% for BIPOC-led nonprofits. These staggering statistics demonstrate the many gaps in resources accessible to BIPOC communities. Addressing these disparities requires collective action.

Supporting Black leaders and nonprofits is a critical piece in tackling systemic inequity. For example, a coalition between major giving platforms and donors launched the BackBlack campaign to address Black-led nonprofit funding disparities. BackBlack campaign underscores the importance of collaborating with partners across philanthropy, business, and communities to advance justice and equal opportunity. This central hub is a place where donors, giving platforms, and Black-led nonprofits and organizations can connect each other with resources and funding to achieve shared goals. Supporting Black-lead and Black-serving organizations in this way is a powerful way to create lasting change.

Black Philanthropy Month is a potent reminder that philanthropy transcends monetary donations; it encompasses the invaluable contributions of time, skills, and dedication. BIPOC-led nonprofits seek resources beyond funding and charitable goods to improve their operations and capacity through skills-based volunteerism. We have leveraged the power of skills-based volunteerism to address disparities faced by Black and Brown individuals and communities through our volunteering program management, strategic consulting, and training with clients. We offer online resources for organizations to mobilize their corporate talent for good. Our programs reach various nonprofits championing causes such as education, environment, wellness, health, and more.

We reach various nonprofits through our flagship event, Skills for Cities. This fall’s Skills for Cities aims to address social determinants of health. Volunteers from several companies will team up to support nonprofits focusing on healthcare access and quality, education access and quality, built environment, social and community networks, and economic stability. Through skill-based volunteering, we help BIPOC-led nonprofits optimize their operations, strengthen communities, and drive enduring change.

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About Common Impact 
Common Impact is a national nonprofit that works to build a society in which individuals and businesses invest their unique talents towards a shared purpose: strengthening the local communities in which we live and work. Founded in 2000, Common Impact has partnered with Fortune 500 companies and hundreds of the country’s leading nonprofit organizations to create transformational change through skills-based volunteering. Learn more about Common Impact’s services, impact, and clients.

Why It’s Better To Speak Up About Sustainability Achievements

Original Publication

A New Problem in the Sustainability Landscape: Green Hushing

There is a new trend where companies are afraid to announce their sustainability achievements due to risks of accidentally greenwashing, lawsuits or harm to their brands. Another reason is a lack of knowledge on the right way to go about showcasing these achievements accurately. The term and act of “greenwashing” are familiar but the new term for this not-so-good trend is “green hushing”.

If not curbed, it has the potential to impede movements in the sustainability sector.

Due to the climate crisis, corporations are now taking swift action against carbon emissions, waste, and deforestation. At the same time the flexibility of corporate structure allows companies to enact and provide immediate, direct action on climate objectives including the use of renewable energy and electric fleet cars, all the way to a retrofitted mass timber headquarters. As many of us know, sustainability can sometimes be an uphill battle, and the industry is ever-evolving, with a constant need to learn from each other. Green hushing is preventing companies from learning about what others are doing. It’s preventing people from sharing their journey to sustainability. And we all know what happens when we live by fear of not being perfect – we don’t take action at all.

There is some astounding progress that companies are making, and SCS Global Services is working with some of the brightest minds with advanced technology, across our clientele, our partners, and our staff. Collectively, we’re working to ensure genuine progress is made – progress that can be shouted from the rooftops because it is credible. This progress cannot be overcome by a fear of messing up, when the reality is – there are resources out there to help prevent you messing up.

There are many reasons why you should speak up and show pride in your sustainability achievements, many of which are described below.

The Evolution of Voluntary Sustainability Efforts to Mandated Reporting

Regulatory shifts are happening globally that will increase the need for companies to speak up. SCS is hosting a webinar on September 12th, 2023 on “Sustainability Reporting: The Evolution from Voluntary Frameworks to Regulated Standards”, where you can learn about the full range of these evolving reporting standards. The webinar will provide clarity for sustainability professionals and companies on how to adjust reporting practices.

Some of the more immediate shifts include climate reporting becoming mandatory in Europe (ESRS), as well as CDP disclosure integration and Plastics disclosure launching in 2024. Other upcoming changes include the SEC proposed rule update for the US, GRI alignment with mandatory reporting standards, and development of industry standards.

So, we’ve put together a list of tips that can help to encourage companies to speak up, and to do so in a credible, accurate, and cautious way.

5 Essential Components in Successful Sustainability Messaging:

Engaging and Inspiring Content

Engaging and inspiring messages will go much farther with your audience. Of course, it’s essential to remain accurate and truthful and to avoid exaggerations and vague statements. When it comes down to it, publishing sustainability-related activities has the incredible ability to inspire others, shift mindsets, and encourage collaborative approaches. Even though something may seem small to you, progress is progress – and that’s the only way we’re all going to make a real difference. So, let’s showcase all the progress we’re making.

Inclusive Call-to-Action

We’re all in this together, to protect our planet. Show your leadership by encouraging others to participate in our joint mission. Showing others some tangible actions to take (be it other companies, your customers, or consumers), can spur movement and lead us all in the right direction. The more people get involved, the more our “sustainability snowball” will accelerate. The more people and companies that speak up, the less fear there will be about speaking up because it will be so mainstream. And it’s a much better strategy than claiming you’re the “only ones” doing something – which just pits you against the rest of the world.

Impacts of your Sustainability Actions

Show your audience how your sustainability initiatives positively impact consumers, the environment, social responsibility, community and the economy. Speaking directly to what effects your actions have on people and on our planet will help advance education. Plus, this helps to bring better understanding to your science-based achievements, your third-party certifications and your progress, which can be very technical. It helps to paint a full picture of your sustainability journey and showcases all the benefits of your hard work in a consumer-friendly way.

Transparency in your Claims

Details, details, details. The more details about what you achieved and how you achieved it, the less risk of greenwashing. It’s when sustainability claims are vague that you can get in trouble.

For example, for claims such as Recycled Content, we recommend these tips: a) specify which are the certified products, naming how they’re listed on the certificate, b) include the percentage of recycled content used, c) include whether the recycled material is post-consumer and/or pre-consumer, d) identify the certified material, such as “plastic, plastic bag, packaging”, etc.

For claims such as Carbon Neutral, we always recommend including details such as: a) the scope of the carbon neutrality, b) whether it’s the company or specific products that are certified, c) under what standard is the certification, d) has the carbon neutrality already been achieved (carbon offsets purchased and retired), or is it a commitment. And always send logo and claim usage to SCS for review and approval.

Accuracy – Double Checked

Above all, the truth wins. When in doubt, ask SCS to review your messaging, whether it be stating on-product claims, conveying off-product marketing, or sharing your corporate goals. We can help guide you, especially if it’s about certifications or achievements you have completed with SCS. Another option is to consult an environmental attorney for extra precaution. There are many resources available to ensure you are protecting your brand, making truthful claims, and communicating your credible achievements.

So… what actions can you take today? 

All we can do as a society is help each other to spur some positive action. If you would like any help with messaging your sustainability achievements, don’t hesitate to reach out to clientmarketing@scsglobalservices.com.

Cintas Named to Newsweek’s America’s Greatest Workplaces 2023

CINCINNATI–(BUSINESS WIRE)–Award honors the company’s commitment to fostering a positive workplace experience.

Liberty Latin America Publishes 2022 ESG Report

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