Companies today face mounting pressure to align with global sustainability goals, meet investor expectations, and comply with evolving regulatory requirements. The stakes are high—falling short on compliance can lead to financial penalties, reputational damage, and missed investment opportunities. With frameworks like the E.U.’s Corporate Sustainability Reporting Directive (CSRD) tightening disclosure requirements and investors demanding greater […]
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How to conduct an ESG gap analysis: the key components and steps
Companies are facing increasing pressure from regulators, investors, and stakeholders to improve their environmental, social, and governance (ESG) management and close the ‘gaps’ in their performance. ESG disclosures are a critical part of business strategy and regulatory compliance, and organizations that fail to meet evolving ESG standards risk reputational damage, financial penalties, and loss of […]
Navigating IFRS S2: How ESG consultants can help businesses adapt
As climate disclosure standards evolve, the International Sustainability Standards Board (ISSB) is leading the shift toward more structured reporting. ISSB’s International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures establishes clear requirements for identifying, assessing, and reporting climate-related risks and opportunities—ensuring greater transparency for investors and stakeholders. The primary goal of IFRS S2 is to provide […]
What is IFRS S1? Understanding its role in ESG reporting
The International Sustainability Standards Board (ISSB), established by the International Financial Reporting Standards (IFRS) Foundation, plays a crucial role in developing global baselines for environmental, social, and governance (ESG) reporting. One of its key disclosure frameworks, IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, sets a structured, transparent standard for entities to report […]
Double Materiality in CSRD: Why It Matters and How to Conduct an Assessment
Understanding double materiality under CSRD The Corporate Sustainability Reporting Directive (CSRD) is reshaping how businesses disclose their environmental, social, and governance (ESG) impacts. As sustainability reporting shifts from voluntary commitments to regulatory requirements, companies must assess their sustainability efforts from all angles. At the core of CSRD lies double materiality—a principle that requires companies to […]
Navigating the future of CSRD: What businesses need to know
By Laura Zizzo, Founder & Chief Strategy Officer at Manifest Climate The world of sustainability reporting never stays still. Just when businesses were starting to wrap their heads around the Corporate Sustainability Reporting Directive (CSRD), the European Union introduced an omnibus bill that could change its scope and slow down implementation. But despite the uncertainty, […]
CSRD and ISSB interoperability: A unified approach to transparency and sustainability
In May 2024, the IFRS Foundation and the European Financial Reporting Advisory Group (EFRAG) published interoperability guidance for the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD) and the International Sustainability Standards Board (ISSB) standards. This guidance is designed to help organizations reporting under both frameworks streamline their disclosure processes and […]
CSRD vs. ESRS: Breaking down the key differences
Sustainability reporting is evolving. Here’s what consultants need to know. Companies operating in the European Union (EU) or doing business with EU entities are facing a major shift in sustainability reporting. The Corporate Sustainability Reporting Directive (CSRD) is now in force, setting new legal requirements for corporate disclosures on environmental, social, and governance (ESG) topics. […]
How to conduct a CSRD gap assessment: Understanding the key steps and challenges
With modern customers, investors, and other business stakeholders increasingly paying attention to companies’ sustainability practices, the Corporate Sustainability Reporting Directive (CSRD) has become a welcome solution for many organizations. Introduced by the European Union (EU), this directive promotes transparency and consistency in environmental, social, and governance (ESG) reporting, allowing stakeholders to assess companies’ performance more […]
ESG consulting simplified: Top challenges and how to overcome them
Environmental, social, and governance (ESG) has rapidly become an important investment and risk management philosophy, influencing corporate governance at major businesses worldwide. ESG strategy includes environmental and social factors, like emissions, climate risk, long-term value creation, and the broader social impacts of business decisions. Companies need to demonstrate their overall ESG strategy to private equity […]