As the votes from the EU Parliament elections are trickling in this morning, here’s a sweep of last week’s headlines in review:
✉ 𝐎𝐩𝐞𝐧 𝐥𝐞𝐭𝐭𝐞𝐫 𝐭𝐨 𝐄𝐔 𝐥𝐚𝐰𝐦𝐚𝐤𝐞𝐫𝐬 𝐟𝐫𝐨𝐦 𝐬𝐜𝐢𝐞𝐧𝐭𝐢𝐬𝐭𝐬 𝐰𝐚𝐫𝐧𝐢𝐧𝐠 𝐚𝐠𝐚𝐢𝐧𝐬𝐭 𝐆𝐫𝐞𝐞𝐧 𝐃𝐞𝐚𝐥 𝐫𝐨𝐥𝐥-𝐛𝐚𝐜𝐤:
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.
👉 Read the open letter from concerned scientists here: Expression of Concern by Scientific associations: https://lnkd.in/dg7PEheM
📈 𝐈𝐅𝐑𝐒 𝐢𝐬 𝐠𝐚𝐢𝐧𝐢𝐧𝐠 𝐦𝐨𝐦𝐞𝐧𝐭𝐮𝐦 𝐰𝐢𝐭𝐡 ‘𝐡𝐚𝐥𝐟 𝐨𝐟 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐞𝐜𝐨𝐧𝐨𝐦𝐲’ 𝐦𝐨𝐯𝐢𝐧𝐠 𝐭𝐨𝐰𝐚𝐫𝐝𝐬 𝐚𝐥𝐢𝐠𝐧𝐦𝐞𝐧𝐭: In 2021, the IFRS Foundation set out to develop a global reporting standard to provide investors with standardised information about companies’ 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 EU’s 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.
👉 Read the statement from IFRS here: https://lnkd.in/eXyXFSZX
👚 𝐇&𝐌 𝐬𝐩𝐞𝐚𝐤𝐬 𝐮𝐩 𝐚𝐠𝐚𝐢𝐧𝐬𝐭 𝐒𝐁𝐓𝐈’𝐬 𝐩𝐥𝐚𝐧𝐬 𝐭𝐨 𝐥𝐚𝐱 𝐬𝐜𝐨𝐩𝐞 𝟑 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: Following the mixed reactions to the Science Based Targets initiative (SBTI)’s announcement that it will be looking at more flexible rules for scope 3 emissions reductions, H&M released an open letter to SBTi’s 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&M’s response is a noteworthy call for maintaining a steadfast focus on curbing the sector’s soaring emissions trajectory.
👉 Read the open letter here: https://lnkd.in/dyNFbWZd