We’ve heard a lot about climate change and its effect of rising CO2 levels on the environment, but what about the impact of the resulting climate change on human health? It is not surprising that climate change has already significantly impacted our health, with both direct and indirect effects. Without a concerted effort to slow and eventually reverse climate change,…

Global sustainability reporting is entering a promising era of alignment following the issuance of the IFRS S1 and S2 standards last month. The IFRS Foundation has since announced that it will double its responsibilities by inheriting oversight functions for the Task Force on Climate-related Financial Disclosures, starting 2024. This month, the newly introduced IFRS S1 and S2 standards have also…

Revolutionising Business Continuity and Longevity – The Role of Supply Chain Auditing on ESG Metrics   Introduction Before diving deep into the heart of our subject, it is beneficial to briefly comprehend the key terminologies involved. Environmental, Social, and Governance (ESG) metrics are benchmarks used to measure a company’s sustainability and ethical performance. Meanwhile, supply chain auditing involves the systematic…

Mitigating Business Risks through Supply Chain Auditing on ESG Metrics   Introduction In today’s globalised economy, businesses are increasingly interconnected through complex supply chains that span continents. While these supply chains offer numerous benefits, they also expose companies to a wide range of risks. Issues such as environmental degradation, human rights violations, and unethical business practices can severely damage a…

The Crucial Role of ISO Standards in Regulating Carbon Emissions   As the climate crisis intensifies, efforts to mitigate its impacts have become more urgent than ever. International standards have a crucial role to play in this context, and the International Organisation for Standardisation (ISO) has been instrumental in formulating standards that assist businesses in managing and reducing their carbon…

Navigating Carbon Emissions in the Supply Chain – The Implications of Operational and Supplier Management   In today’s environmentally conscious world, the concept of ‘carbon footprint’ has gained considerable significance. Within this sphere, a particular area of focus for many businesses has become operational and supplier carbon emissions, two key components of a company’s overall carbon footprint. Operational carbon emissions…

Harnessing Green Supply Chains — A Comprehensive Guide for Businesses   In the wake of a climate emergency, businesses across the globe are recognising the critical need to limit greenhouse gas emissions. But it’s not enough for a company to merely scrutinise and refine its own operations. The entire supply chain, from raw materials to finished products, accounts for a…

Exploring the Gray Areas: Beyond SECR for Comprehensive Emissions Reporting   The Streamlined Energy and Carbon Reporting (SECR) regulations, implemented by the UK government in 2019, marked a significant step towards promoting transparency in business energy use and carbon emissions. However, it’s only a preliminary stride in a race with no finish line. By predominantly focusing on Scope 1 and…

In a comprehensive analysis of companies’ alignment with the EU taxonomy, ESG Book reveals that the majority of businesses today are struggling to meet these new sustainability standards. Read the full article here.

Holding Businesses Accountable: Lessons from ESG Breaches in Supply Chains   Throughout the age of globalisation, a phenomenon characterised by a complex web of international supply chains, businesses have frequently been criticised for failing to ensure ethical standards within these networks. While they may endeavour to adhere to their ESG (Environmental, Social, and Governance) responsibilities internally, an increasing number of…