Ksapa | February 2024

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EDITORIAL

The rescheduling of a decisive vote on CS3D at the European Council does not change the underlying trend. It is critical for  that confirms for investors and companies alike to structure a robust approach to map and manage environmental and human right related risks.

  •  The rise in guides and codes of conduct from different countries or sectoral initiatives is becoming counterproductive. The discrepancies that emerge between these documents are sources of misunderstanding between stakeholders, and of legal loopholes.
  • The development and growth of ESG funds, even in the USA despite the debates on ESG, also requires issuers to work on asset portfolios and funds with a robust methodology and a well-documented approach to investment decision-making.
  • The strong increase in double materiality exercises, via impact assessment, is also forcing companies to explore their impacts and mitigation measures.

Ksapa supports its clients across the entire spectrum:

Let's exchange ideas. Let's work together. Let's build the innovative solutions that our companies need to operate in a world where value creation requires social and environmental issues to be levers of performance.

Farid Baddache, CEO

IN THE SPOTLIGHT

From Words to Action: the Year Begins With New and More Demanding Environmental Rules in Europe
In our blog this month :  2024, marked by a stronger and more consolidated regulatory framework, will be a turning point. The Corporate Sustainability Reporting Directive (CSRD) came into force at the turn of the year, in an effort to ensure that sustainability information is given the same importance and treatment as financial information, at all levels: from data quality, indicators, measures taken, reporting and verification to the responsibility of the board of directors. As the time for consistent and comparable reporting in line with the European Sustainability Reporting Standards begins, we look at the new environmental rules in Europe in this article
Webinar: Multistakeholder Coalitions to Support Farmers in the Cotton and Rubber Value Chains (20/2)
Smallholders account for 99% of the world’s cotton production across 70 countries, and 85% of global production of natural rubber. These highly fragmented supply chains present several challenges including inefficient production practices, insufficient collective action hampering access to fair price while hindering the adoption of sustainable practices, and climate change causing unpredictable weather patterns and extreme events that can devastate crops. Addressing these issues requires multistakeholder action that supports smallholders. Join us for a side session at the 10th OECD Forum on Due Diligence in the Garment and Footwear Sector, happening on 21-22 February 2024 at the OECD Conference Centre, Paris, and online. Register here!
Conduct a Double Materiality Assessment
Since the enforcement of the EU Sustainable Finance Disclosure Regulation (SFDR) in 2019, double materiality means assessing financial and sustainability impacts aligning with economic and environmental/social priorities in corporate reporting to better inform investment decisions. It was clarified further in 2023. This briefing paper outlines the methodology to carry out a double materiality analysis in accordance with the EU Corporate Sustainability Reporting Directive (CSRD). 
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