Those who act earlier are sustainable longer
From risk management to value creation
The 1.5-degree target adopted by a majority of countries at the 2015 Paris climate summit is forcing us to act: Everyone, and especially large companies with global supply chains. Whether the target can be achieved at all remains in doubt. Nevertheless, something has to change if we want to secure the future for generations to come. Gradually, ever stricter laws and regulations are taking effect at the national and EU level.
But what many companies perceive as a legally imposed evil comes with many opportunities. Minimize your risk: socially, ecologically and economically and act sustainably. This not only benefits people, wildlife and nature, but sustainability is also an increasingly important decision criterion for customers and investors. And finally, it is also about your corporate reputation.
We explain what you have to expect and how you can fulfill your obligation. A lot can be done at the push of a button, which is an important start. Consider the new laws and regulations as an opportunity!
Securing the future. Preserving life.
Why we must act now
A T-shirt travels 18,000 km before it reaches the store in Germany. A long way that must be organized in fair supply chains.
Global value chains account for around 80% of world trade. Pure profit and maximum gain is now being thwarted by ESG standards.
73 million children are exploited for our chocolate, coffee and cell phones. New laws aim to stop this with all their might.
Compared to the 1970s, climate disasters have increased fivefold. Sustainable and automated CO2 management is long overdue.
GLOBAL CLIMATE digitizes sustainability with numerous benefits for you:
- Coverage of the entire supply chain
- Audit-proof data
- CO2 balances at the push of a button
- Low personnel effort
- Industry solutions
- Reduction of risk
Committed to sustainability
Green light for stricter regulations
Little by little, laws and regulations are taking effect at the state and EU level to counteract human rights abuses and the effects of climate change with droughts, fires and floods. What are they? We provide an overview and personalized information.
The "Corporate Sustainability Reporting Directive" (CSRD) replaces the currently valid "Non-Financial Reporting Directive" (NFRD). It sets much higher standards and requires companies to provide more detailed sustainability targets and key figures.
The European Sustainability Reporting Standards (ESRS) define the content that the CSRD requires. The draft standards cover environmental, social and governance topics and also address cross-cutting issues.
The German Supply Chain Due Diligence Act, or Supply Chain Act for short, will already apply from 01.01.2023. To protect human rights, companies will then have to disclose their supply chains.
The EU Taxonomy is a new assessment procedure of the EU Commission. It defines the topic of sustainability as well as uniform European requirements and provides a clear framework for when an activity is to be classified as economically sustainable.
The Sustainable Finance Disclosure Regulation (SFDR) is an EU regulation on mandatory disclosure in the financial sector. It aims to encourage investors to invest in more sustainable businesses and less in purely profit-driven ones.
EU SUPPLY CHAIN DIRECTIVE
The European Supply Chain Directive is due to come into force shortly and is significantly stricter than the German Supply Chain Duty of Care Act. It's better to be prepared now and know what to expect.