Europe’s New Single Access Point to Bring Financial & ESG Data Together
In this article, we delve into the transformative impact of the European Single Access Point (ESAP) on financial and sustainability data access across Europe. Discover how ESAP will streamline data transparency, empower investors, and support the EU's sustainability goals by unifying financial and ESG disclosures on a centralized platform.
Data Protection Day Special: ESG Principles and Essential Tips for Robust Data Protection
In December 2023 alone, the world saw 1,351 disclosed data breaches, affecting over 2.2 billion records. This Data Protection Day, we delve into ESG principles and data protection, and offer essential tips to fortify your data privacy and security, highlighting the critical need for robust protection measures in our increasingly digital world.
Green Goals and Red Lines: How 90% of European Banks Miss the Mark
In a revealing study by the European Central Bank, a staggering 90% of European banks were found to have loan portfolios not aligned with EU climate goals, signifying profound transition risks. The assessment, covering key carbon-intensive sectors, underscores an urgent need for strategic realignment to mitigate financial and environmental risks.
European Parliament Votes for Stringent Anti-Greenwashing Legislation
The European Parliament has passed a groundbreaking directive targeting greenwashing. This legislation mandates that environmental claims like 'eco-friendly' or 'carbon-neutral' must be evidence-backed. It also emphasizes product repairability, scrutinizes carbon offsetting claims, and enhances ecolabel credibility, marking a significant step towards transparent and sustainable consumer practices in the EU.
“While directly serving their customers, companies should indirectly serve the interests of society by taking responsibility for the holistic impact of their activities. Its simply a more broad view of value creation. This is what ESG is all about.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth