As the votes from the EU Parliament elections are trickling in this morning, here’s a sweep of last weekโs headlines in review:
โ ๐๐ฉ๐๐ง ๐ฅ๐๐ญ๐ญ๐๐ซ ๐ญ๐จ ๐๐ ๐ฅ๐๐ฐ๐ฆ๐๐ค๐๐ซ๐ฌ ๐๐ซ๐จ๐ฆ ๐ฌ๐๐ข๐๐ง๐ญ๐ข๐ฌ๐ญ๐ฌ ๐ฐ๐๐ซ๐ง๐ข๐ง๐ ๐๐ ๐๐ข๐ง๐ฌ๐ญ ๐๐ซ๐๐๐ง ๐๐๐๐ฅ ๐ซ๐จ๐ฅ๐ฅ-๐๐๐๐ค:
Last week, 20 science associations and networks across Europe expressed their concern over a series of decisions taken by European decision-makers during the past few months in what they refer to as an ‘attack’ on the Green Deal. This morning, the letter appears to have been a timely foreboding of what looks to be an increasingly challenging and uncertain time for the green and social justice agenda in Europe as early results from the European Parliament elections suggests that while the middle still holds, far-right parties, many of whom are vehemently opposed to the Green Deal, will win a record number of seas.
๐ Read the open letter from concerned scientists here: Expression of Concern by Scientific associations: https://lnkd.in/dg7PEheM
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๐๐ ๐ข๐ฌ ๐ ๐๐ข๐ง๐ข๐ง๐ ๐ฆ๐จ๐ฆ๐๐ง๐ญ๐ฎ๐ฆ ๐ฐ๐ข๐ญ๐ก โ๐ก๐๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐๐จ๐ง๐จ๐ฆ๐ฒโ ๐ฆ๐จ๐ฏ๐ข๐ง๐ ๐ญ๐จ๐ฐ๐๐ซ๐๐ฌ ๐๐ฅ๐ข๐ ๐ง๐ฆ๐๐ง๐ญ:ย In 2021, the IFRS Foundation set out to develop a global reporting standard to provide investors with standardised information about companiesโ sustainability risks and opportunities. Over the past few weeks headlines on LinkedIn and elsewhere suggest that these efforts are bearing fruit as more than 20 jurisdictions, equivalent to 55% of global GDP, have started to incorporate the first two sustainability disclosure standards into national law, starting with EUโs CSRD and with China as the most recent example. On this basis alone, it seems single (financial) materiality disclosure standards are winning grounds globally over the more elaborate approach taken in EU with CSRD and (double) materiality disclosure standards.
๐ Read the statement from IFRS here: https://lnkd.in/eXyXFSZX
๐ ๐&๐ ๐ฌ๐ฉ๐๐๐ค๐ฌ ๐ฎ๐ฉ ๐๐ ๐๐ข๐ง๐ฌ๐ญ ๐๐๐๐โ๐ฌ ๐ฉ๐ฅ๐๐ง๐ฌ ๐ญ๐จ ๐ฅ๐๐ฑ ๐ฌ๐๐จ๐ฉ๐ ๐ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ:ย Following the mixed reactions to the Science Based Targets initiative (SBTI)โs announcement that it will be looking at more flexible rules for scope 3 emissions reductions, H&M released an open letter to SBTiโs Board of Trustees last week pushing to maintain the focus on absolute emission reductions within the value chain without the use of offsetting. As the fast fashion industry is under growing spotlight for continued unsustainable production and consumption patterns, H&Mโs response is a noteworthy call for maintaining a steadfast focus on curbing the sectorโs soaring emissions trajectory.
๐ Read the open letter here: https://lnkd.in/dyNFbWZd