Launched in 2001, the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard, was developed by a multi-stakeholder partnership led by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD), and provides guidance to organizations so they can accurately report on greenhouse gas (GHG) emissions, also known as a carbon footprint….
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Upcoming European Climate Reporting Regulation: Is your business ready?
By: Emma Abrams There are more and more incentives for businesses ready to be climate-forward, but there are also new regulations that will require companies to disclose climate information. One of those is the European Union’s Corporate Sustainability Reporting Directive (CSRD), which entered into effect Jan 5, 2023. Under the already existing Non-Financial Reporting Directive…
Is Climate “Material?”
By Emma Abrams What information should companies be reporting- in other words, what information is “material?” According to the Harvard Business School, “Materiality is an accounting principle which states that all items that are reasonably likely to impact investors’ decision-making must be recorded or reported in detail in a business’s financial statements”. Information that is…
What is ‘green hushing’? The new negative sustainability trend, explained
Greenwashing has become part of our modern-day lexicon. Now there’s a new term, ‘green hushing,’ for when a company is too quiet about its accomplishments. This article is written by Talib Visram and was originally published on Fast Company on March 10, 2023. Greenwashing—the term referring to businesses exaggerating their commitment to sustainability—is now firmly…
Apparel Industry Is Unprepared For New Sustainability Laws (So Where to Begin?)
This article was originally published on Forbes on February 16, 2023 and was written by Greg Petro. “One of the hot topics among fashion execs these days is what’s shaping up to be the industry’s next crisis — government regulation of sustainability. In the US, Europe, and elsewhere, new laws are in the pipeline or…
REPORT: Consumers care about sustainability – and back it up with their wallets
A joint study from McKinsey and NielsenIQ examines sales growth for products that claim to be environmentally and socially responsible. This article was originally published on McKinsey.com on February 6, 2023. In collaboration with NielsenIQ, McKinsey analyzed five years of US sales data, from 2017 to June 2022. The data covered 600,000 individual product SKUs…
