As the world’s supply chains become more complex regulators across the globe are introducing new requirements for suppliers and buyers. The European Union (EU) unsurprisingly is the first mover with its introduction of a significant new global carbon tariff, the EU’s Carbon Border Adjustment Mechanism (CBAM). CBAM is designed to address climate change by managing […]
The Corporate Sustainability Reporting Directive (CSRD) is a directive by the European Union designed to make sustainability and ESG (environmental, social, governance) reporting by companies more comprehensive, consistent, and aligned with financial reporting standards. The CSRD is currently the most comprehensive sustainability reporting regulation globally. Achieving compliance will demand comprehensive and accurate reporting by certain […]
CDP (Carbon Disclosure Project) is a global non-profit organization that provides a standardized system for companies to disclose environmental impacts. It has become crucial for managing and mitigating climate risks and demonstrating transparency and accountability to stakeholders. The growth of CDP disclosures has exploded in recent years. In 2023, over 23,000 companies reported directly to […]
Supplier sustainability has become a crucial factor in achieving business success in today’s competitive market. The push for sustainability and ESG reporting, primarily driven by supply chain partner requests, is at the forefront of business strategy. Embracing supplier sustainability not only sets a company on a path to success but also helps in winning and […]
The European Union (EU) has created one of the most ambitious and progressive green agendas globally. The EU ESG regulatory landscape extends far beyond most other regions, as they aim to meet the goals set out in the Green Deal. Among the more ambitious goals of the EU’s Green Deal, the bloc plans to be […]
Carbon Accounting is the modern language of climate change. It’s how companies share their climate story transparently and accurately today. Measuring companies, individuals, events, and countries’ carbon footprints through Greenhouse Gas (GHG) accounting tools holds them responsible for their climate impact by quantifying it. From a business perspective, measuring emissions through carbon accounting has become […]
2023 was the hottest year on record; it was also the year when the US had the most $ 1 billion-plus climate-related natural disasters. As climate risks accumulate, companies need to be prepared to identify, manage, and mitigate these risks to avoid financial exposure. It isn’t just the physical risks that companies have to worry […]
Across the board, businesses are now expected to play a role in transitioning to a low-carbon, sustainable economy. In every company, every employee has a role to play when it comes to ESG, from the C-suite to the intern, each role can ensure that a company’s ESG performance matches its ambition. For example, a Chief […]
Across the US mid-market, ESG initiatives are trending toward becoming a central part of companies’ business strategies. Businesses are navigating complex regulatory demands and supply chain expectations from their biggest customers. These external pressures, coupled with a commitment to internal ESG targets, ensure that companies are embarking on their ESG journeys, if not today, then […]
As we look to the future and a new year, the Good.Lab team curated this new list of nine key ESG trends to watch for in 2024. We can’t see into the future, but we’ll try! From ESG standards converging to renewed focus on climate risks, here are some of our best predictions for what’s […]
Environmental, Social, and Governance (ESG) has become an increasingly important consideration for the mid-market in the USA. We set out to survey 100 business executives and sustainability leaders across 17 industries with revenue between $500 million and $2 billion to better understand where they are in their ESG journeys, current ESG trends, the challenges they […]
Batteries are fueling the transition to a sustainable economy yet pose significant environmental and social challenges. This paradox has led regulators to introduce new regulations, such as the EU Batteries Regulation around how companies make and design their products. As the world moves towards a global circular economy, eliminating unsustainable products and reducing the over-exploitation […]