Benefit corporation
Let’s start from the basics: benefit corporations are NOT B Corps. A benefit corporation (or public-benefit corporation, PBC, or società benefit in Italian, SB) is a corporate entity, authorised by the majority of the U.S.A. and a few other Countries worldwide, that includes – as its legally defined goals, in […]
B Corps
Certified B corporations, or B Corps, are for-profit companies verified by B Lab to meet high standards of social and environmental performance, transparency and accountability. The B Lab is a not-for-profit network, created in 2006, that aims to inspire and enable people to use business as a force for good. […]
Global Reporting Initiative (GRI)
The Global Reporting Initiative is an independent, international organisation that helps businesses and other organisations take responsibility for their impacts, by providing them with the global common language to communicate those impacts. GRI Standards help organisations understand their outward impacts on the economy, environment and society (including human rights) which […]
Corporate Sustainability Reporting Directive (CSRD)
On 21st April 2021, the European Commission adopted a proposal for a Corporate Sustainability Reporting Directive, which would amend the existing reporting requirements of the NFRD. The proposal: Extents the scope to all large companies and all companies listed on regulated markets (except listed micro-enterprises) Requires the audit (assurance) of […]
Non-Financial Reporting Directive (NFRD)
The Directive 2014/95/EU (referred to as the Non-Financial Reporting Directive) lays down the rules on disclosure of non-financial and diversity information by certain large companies, amending the Accounting Directive 2013/34/EU. Who must comply? NFRD applies to large public-interest companies with more than 500 employees, with approximately 11,7000 companies and groups […]
INREV
The European association for Investors in Non-Listed Real Estate Vehicles (INREV) is Europe’s leading platform for sharing knowledge on the unlisted real estate industry. Based in Amsterdam and launched in May 2003, its goal is to improve transparency, professionalism and best practice across the sector, making the asset class more […]
Science based targets initiative (SBTi)
The Science Based Targets initiative (SBTi) is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). It drives ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets which show companies how […]
Task Force on Climate-related Financial Disclosures (TCFD)
First things first, let’s set the scene: it has been recognised at global level that climate change presents financial risk to the global economy and financial markets need clear, comprehensive, high-quality information on the impacts of climate change. This includes the risks and opportunities presented by rising temperatures, climate-related policy […]
EU taxonomy
Generally speaking, taxonomy is the science of naming and classifying objects (typically organisms such as plants and animals) based on shared characteristics. The word comes from the Ancient Greek τάξις (taxis), “arrangement”, and νομία (nomia), “method”. Applied to the current sustainable finance context, taxonomy is a classification system which establishes a list […]
Sustainable Finance Disclosure Regulation (SFDR)
The REGULATION (EU) 2019/2088 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 27 November 2019 on sustainability‐related disclosures in the financial services sector is known in the industry as the “SFDR“. To put it simply, the regulation imposes a number of new disclosure obligations on asset managers and financial […]