Kuwait’s ESG Mandate: A New Era for Companies in the region where ESG Reporting takes Centre Stage
ESG disclosure evolution in Kuwait: From Voluntary to Mandatory The global financial landscape is undergoing a profound transformation, with Environmental, Social, and Governance (ESG) considerations increasingly shaping investment decisions and regulatory frameworks. In alignment with this paradigm shift, Kuwait is taking decisive steps to integrate sustainability reporting into its capital markets showing an evolution from […]
Understanding Scope 4 Emissions: Unlocking the Value of Avoided Emissions in Climate Strategy
Introduction As the climate crisis intensifies, organizations are under mounting pressure to measure and manage their greenhouse gas (GHG) emissions with greater accuracy and accountability. The prevailing carbon accounting framework divides emissions into three scope emissions categories: Scope 1, Scope 2, and Scope 3. While this framework provides a comprehensive view of a company’s footprint, […]
How GRI Standards Drive Accountability and Net-Zero Goals
Introduction A 2024 edition of the KPMG Survey of Sustainability Reporting revealed that 96% of the world’s 250 largest companies (G250) reported their sustainability performance, with 77% using the Global Reporting Initiative (GRI) Standards. Such widespread use is a pointer to a fundamental change—sustainability reporting is now not merely a compliance exercise but a strategic imperative. […]
Unpacking the GRI Sustainability Taxonomy: A Digital Revolution in ESG
Introduction The sustainability reporting landscape is undergoing a profound transformation, driven by escalating demand for transparent, reliable, and comparable Environmental, Social, and Governance (ESG) data. In response, the Global Reporting Initiative (GRI) has introduced its Digital Reporting Taxonomy, a groundbreaking innovation poised to revolutionize organizations’ disclosure of sustainability performance. This pivotal development converts the widely […]
Beyond Regulation: Custom ESG Taxonomies for Strategic Value Creation
Custom ESG Taxonomies – The Way Forward As global sustainable investing assets are projected to surpass USD 50 trillion by 2025, Environmental, Social, and Governance (ESG) considerations are becoming increasingly vital to financial and corporate strategy. While standardized ESG reporting frameworks such as the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) […]
Decoding SFDR: Why ESG Disclosure is Now a Financial Imperative
The EU Action Plan on Sustainable Finance, a comprehensive framework of interconnected regulations, aims to steer capital towards a sustainable economy. Central to this initiative is the EU Sustainable Finance Disclosure Regulation (SFDR), which came into force on 10 March 2021. The SFDR is designed to enhance transparency, enabling investors to make more informed decisions […]
Driving Change: Strengthening the Rating Standards and Regulations in the European Union
EU ESG Rating Regulations Explained In response to growing demand for reliable ESG data, which plays a crucial role in influencing investment decisions and corporate strategies, the European Union (EU) introduced ESG Rating Regulation on 27 November 2024 to enhance transparency and integrity in Environmental, Social, and Governance (ESG) rating activities. The main aim of […]
Recent Amendments to the BRSR Guidelines
India has positioned itself as a proactive leader in the fight against climate change, demonstrating both the desire and ability to take significant action. Business leaders in India recognize the value of redefining their corporate purpose to address not just wealth creation, but also broader concerns relevant to their key stakeholders. To support this shift, […]
Why is the Middle East Your Next Destination for ESG Investments?
ESG Analysis of the Middle East Region The Middle East has historically grappled with accessibility in carbon markets as the region stands at the midpoint of the Decade of Action to realize Sustainable Development Goals (SDGs) by 2030. Investors, regulators and issuers rely on environmental, social and governance (ESG) goals to connect the opportunities and […]
Unveiling the Impact of Scope 3 Emissions: Navigating Reporting Challenges in Today’s Business World
In recent years, private and public firms have made significant strides in measuring and managing scope 1 and scope 2 emissions – direct and indirect emissions from their own operations. However, a more elusive, yet equally critical aspect of carbon emissions remains largely untapped: Scope 3 emissions. These emissions, which stem from an organization’s value […]
