The European Commission Simplifies Rules on Sustainability – Omnibus Package
The European Commission has adopted a new package of proposals to simplify EU rules, boost competitiveness, and unlock additional investment capacity. The omnibus package includes: What does this mean for CSRD? More information can be found here. https://ec.europa.eu/commission/presscorner/detail/en/qanda_25_615
Sustainability as a Business Unit
Sustainability in Business refers to a company’s strategy and actions to reduce adverse environmental and social impacts resulting from business operations. Additionally, incorporating sustainability related issues into the impacts, risks and opportunities of the business model. Beyond helping curb global challenges, sustainability can drive business success, create operational and cost efficiencies, and develop new growth […]
Voluntary Sustainability Reporting Standards for SMEs
EFRAG (European Financial Reporting Advisory Group) has been asked to develop a voluntary sustainability reporting standard specifically for non-listed SMEs (VSME), that means SMEs that are not traded in a regulated market in the European Union. The VSME proposes a simple reporting tool to assist non-listed micro-, small- and medium-sized enterprises in responding to sustainability […]
Corporate Sustainability Reporting Directive: Impacts for SMEs
On 5 January 2023, the Corporate Sustainability Reporting Directive (CSRD) entered into force. The objective of the CSRD is to improve the existing requirements of the EU’s Non-Financial Reporting Directive (NFRD) in accordance with the EU Green Deal and the UN Sustainable Development Goals. A broader set of large companies, as well as listed SMEs, will now […]
What is ESG and how does it impact your business?
Prior to the emergence of ESG (Environmental, Social, Governance) a company would typically house their sustainability management information within the function of Corporate Social Responsibility (CSR). However, it is important to understand that CSR and ESG are very different, both in terms of their origins and how they impact business operations. In broad terms CSR […]
Sustainability in Business
In an era marked by increasing environmental concerns and a growing emphasis on corporate social responsibility, understanding where your business stands in terms of sustainability is no longer just a good practice – it’s a strategic imperative. Sustainability has evolved from being a mere buzzword to becoming a critical aspect of business operations that influences […]
Nurturing Sustainability in SMEs
Sustainability has become a buzzword in recent years, and for a good reason. As our world faces pressing environmental issues like climate change and resource depletion, the need for sustainable practices has never been more critical. While large corporations often take centre stage in the sustainability conversation, SMEs – small and medium enterprises – play […]
Sustainability in Business
The global push towards a sustainable future has placed decarbonisation at the forefront of business strategies. For SMEs, understanding and implementing decarbonisation can be the key to unlocking new growth avenues. In this article, we’ll explore the practical steps businesses can take towards achieving net zero and how Pragmatica can be your guiding partner in […]
