By Cority Sustainability As the sustainability regulatory landscape shifts towards greater accountability and transparency, companies of all sizes are increasingly recognizing the importance of integrating ESG factors into their operations. ESG regulations have increased by 155% in the past decade, with 1,255 ESG regulations introduced worldwide since 2011. Not just
Key Impact Points: A Bold Partnership for Climate Action Schneider Electric, a global leader in energy management and automation, announced its collaboration with the Partnership for Carbon Accounting Financials (PCAF) as its first accredited global sustainability consultant partner. Effective January 1, 2025, this partnership underscores Schneider Electric’s commitment to delivering
Key Impact Points: Strong ESG Management in Europe European electrical equipment companies lead in managing product governance and carbon-related risks compared to global peers, according to Morningstar Sustainalytics. They surpass Asia-Pacific firms in adopting quality management systems, environmental sustainability, and end-of-life stewardship programs for products. For instance, European firms like
Key Impact Points: Driving Mars’ Sustainability Agenda Mars, Incorporated, maker of Pedigree, M&M’s, and Ben’s Original, has announced Alastair Child as its new Chief Sustainability Officer. Child, currently VP of Global Sustainability at Mars Snacking, will take charge on February 3, 2025, leading the company’s overarching sustainability strategy. Child will
Key Impact Points: Significant Shifts in ESG for 2025 Businesses in 2025 are predicted to undergo transformative changes in how they approach Environmental, Social, and Governance (ESG) initiatives. Companies are redefining sustainability, emphasizing material risks and opportunities, strengthening governance, and embedding ESG into core strategies. Prediction 1: ESG Label Evolves
Key Impact Points: The Global Shift to Mandatory ESG Reporting Mandatory ESG reporting is expanding worldwide, impacting organizations across sectors. While the EU’s CSRD is already in effect, Canada is gearing up to adopt its own standards. Businesses need detailed compliance roadmaps and audit committee oversight to meet the stringent
Originally posted on Skadden Publication I. ESG: 2024 Sees Greater Implementation in Europe and Increasing Divergence With the US In this article, we reflect on key trends in ESG over the second half of 2024 and look ahead at trends that may emerge in 2025. We analyze developments in the
Key Impact Points: A Shift to Value Architects The Chief Financial Officer’s (CFO) role is undergoing a profound transformation, moving beyond financial stewardship to becoming a Value Architect. This shift is fueled by sustainability imperatives and the rapid adoption of artificial intelligence (AI). In today’s “Age of And,” CFOs must
Key Impact Points: McDonald’s Shifts Focus to Inclusion McDonald’s has announced a significant shift in its diversity, equity, and inclusion (DEI) strategy, emphasizing “inclusion” while phasing out the terms “diversity” and “equity.” The company’s updated approach is outlined in a letter from CEO Chris Kempczinski, who stated, “We are immensely
Key Impact Points: Consumer Expectations Drive Change Retailers are facing increasing pressure to meet consumer demands for availability and supply chain transparency. Shoppers not only want products when and where they need them but also expect insight into sourcing, logistics, and environmental impact. This creates a challenging balancing act for
