* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, May 9, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

    The viral wireless audio dongle for in-flight entertainment just got a big upgrade – and I love it – ZDNET

    Game-Changer for In-Flight Entertainment: The Upgraded Wireless Audio Dongle You’ll Love!

    Tahoe City Downtown Association opens 4th of July Entertainment Grant Program – Sierra Sun

    Celebrate Independence Day: Tahoe City Launches Exciting 4th of July Entertainment Grant Program!

    WEBTOON Entertainment Revolutionizes Webcomic Discovery with Innovative New Personalization Features and Product Updates – Business Wire

    Unlocking a New Era of Webcomic Discovery: WEBTOON’s Exciting Personalization Features and Updates!

    What does Gen Z consider entertainment? – The Drum

    Unlocking Gen Z’s Entertainment Preferences: What Captivates the Next Generation

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Technology is the key to empathy in insurance – InsuranceNewsNet

    Unlocking Empathy: How Technology is Transforming the Insurance Experience

    Technology – Inflexion

    Revolutionizing the Future: The Impact of Cutting-Edge Technology

    Outdated technology and stress-related absences contribute to Newark Airport chaos – Travel Weekly

    How Outdated Technology and Stress Are Fueling Chaos at Newark Airport

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

    The viral wireless audio dongle for in-flight entertainment just got a big upgrade – and I love it – ZDNET

    Game-Changer for In-Flight Entertainment: The Upgraded Wireless Audio Dongle You’ll Love!

    Tahoe City Downtown Association opens 4th of July Entertainment Grant Program – Sierra Sun

    Celebrate Independence Day: Tahoe City Launches Exciting 4th of July Entertainment Grant Program!

    WEBTOON Entertainment Revolutionizes Webcomic Discovery with Innovative New Personalization Features and Product Updates – Business Wire

    Unlocking a New Era of Webcomic Discovery: WEBTOON’s Exciting Personalization Features and Updates!

    What does Gen Z consider entertainment? – The Drum

    Unlocking Gen Z’s Entertainment Preferences: What Captivates the Next Generation

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Technology is the key to empathy in insurance – InsuranceNewsNet

    Unlocking Empathy: How Technology is Transforming the Insurance Experience

    Technology – Inflexion

    Revolutionizing the Future: The Impact of Cutting-Edge Technology

    Outdated technology and stress-related absences contribute to Newark Airport chaos – Travel Weekly

    How Outdated Technology and Stress Are Fueling Chaos at Newark Airport

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Canadian companies struggling to put ESG mandates into action as reporting pressures ramp up

January 9, 2024
in Business
Canadian companies struggling to put ESG mandates into action as reporting pressures ramp up
Share on FacebookShare on Twitter

Over 1000 Canadian companies are facing environmental, social and governance (ESG) reporting requirements under the new Corporate Sustainability Reporting Directive (CSRD), research published in the Wall Street Journal revealed.

CSRD mandates companies both inside and outside the European Union (EU) to report on ESG. Canadian companies will need to publish their first report in 2025 and obtain an independent review of what they report. So time is of the essence.

However, a new report by Enterprise Ireland that surveyed 332 senior Canadian decision makers in Medium to Enterprise businesses found that 74 per cent are still struggling to put ESG mandates into action. In fact, only 39 per cent report having taken “substantial steps” toward implementing ESG initiatives.

Over half of the surveyed organizations had a moderate-to-low understanding of ESG commitments and implications, while 42 per cent saw pitfalls in resource constraints – which includes the adoption of technology to capture data, and report on progress. Additionally, only one-third have a dedicated ESG role or department, and another 18 per cent do not know how it is managed.

With these challenges, companies are employing a mix of internal initiatives like employee surveys and external initiatives such as sustainability reports and third-party audits to capture data. 

Over 70 per cent say they are likely to adopt new technologies in order to deliver on ESG initiatives in the future. Meanwhile, 38 per cent have developed such technology in the past 12 months, the report noted.

Forrester, in fact, predicts that the sustainability management software market will double next year due to compliance needs.

Nonetheless, only 26 per cent feel that they are capturing “very accurate” ESG data, while 34 per cent say it is not accurate, or they simply do not know.

Businesses that can’t answer questions from customers and investors about how they manage their material ESG risks and opportunities in a satisfactory manner—and are unable to produce trusted data to support their narrative—may lose market share and access to financing, PwC asserted in a recent report.

Canadian companies, accordingly, recognize the importance of ESG initiatives to corporate policy, with 67 per cent predicting that ESG would escalate as a company priority. 

“We know that today’s consumers are more purpose-oriented than ever before, and that
individuals are more likely to support a brand that aligns with their values, whether that’s
in support of climate change, human rights efforts, or ethical business practices,” said David McCaffrey, country manager and senior vice president at Enterprise Ireland Canada. “Based on this, organizations understand that ESG initiatives are more than a government
requirement, but a business imperative to effectively compete in today’s landscape.”

Between 42 and 66 per cent of the surveyed companies are targeting environmental initiatives, including waste management (66 per cent) and carbon footprint reduction (63 per cent). And 55 per cent plan to reduce scope 1, scope 2, or scope 3 emissions.

However, companies are targeting social initiatives more, with employee well-being and labour practices (both 89 per cent) marked as top priorities.

A possible reason for this is that “social initiatives have often more immediate and visible impacts on local communities and employees, making the targets and results more tangible for companies,” explained McCaffrey. “We have also seen that addressing social
issues may more closely align with a company’s values and mission, making it a priority.”

Finally, between 57 per cent and 76 per cent are targeting ESG governance and reporting, including ethical business practices, and anti-corruption measures as well as stakeholder engagement.

“The bottom line: these problems are not independent of one another, and that opens the
door for Canadian companies that might be feeling the pressure under this year’s
mandates to target ESG initiatives that can solve for more than one issue,” said McCaffrey.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : ITBusiness.ca – https://www.itbusiness.ca/news/canadian-companies-struggling-to-put-esg-mandates-into-action-as-reporting-pressures-ramp-up/126935

Tags: businessCanadiancompanies
Previous Post

CES 2024: Intel drops full 14th Gen mobile and desktop processor lineup

Next Post

Ousted Gildan CEO Chamandy blasts ‘self serving’ board as epic governance battle rages

The emerging Trumpification of mental and behavioral health – Axios

The emerging Trumpification of mental and behavioral health – Axios

May 9, 2025
When the pope and politics collide: From the Politics Desk – NBC News

Divine Dilemmas: The Intriguing Intersection of Papacy and Politics

May 9, 2025
Newmont signs deal to use Chrysos Corporation technology – Capital Brief

Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

May 9, 2025
Pope Leo XIV brings hope to Chicago sports fans, and the Knicks for their Villanova ties – The Independent

Pope Leo XIV Sparks Hope for Chicago Sports Fans and the Knicks with Villanova Connections

May 9, 2025
Beyond the bust: How Ecology spill responders ensure safety after illegal drug operations – Department of Ecology – State of Washington (.gov)

After the Bust: How Ecology Responders Safeguard Communities from Illegal Drug Operations

May 9, 2025
MasterClass Announces Skin Health: A Science-Backed Guide to Healthy Skin – Morningstar

Unlock Radiant Skin: Discover the Science-Backed Secrets to Healthy Skin with MasterClass!

May 9, 2025
Scientists reel as turmoil roils National Science Foundation – NPR

Chaos Unleashed: The National Science Foundation Faces Unprecedented Turmoil

May 9, 2025
Andaz Miami Beach Debut Marks First New Opening for Hyatt Lifestyle Group – Travel Market Report

Hyatt Lifestyle Group Unveils Its First New Gem: Andaz Miami Beach!

May 9, 2025
80th anniversary of the end of World War II – NEWS10 ABC

Commemorating 80 Years of Peace: Reflecting on the End of World War II

May 9, 2025
Tennesseans have economic worry, oppose tariffs but back deportation efforts, poll finds – The Tennessean

Tennesseans Express Economic Concerns: Support for Deportation Efforts Amidst Opposition to Tariffs

May 9, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (593)
  • Economy (604)
  • Entertainment (21,517)
  • General (15,210)
  • Health (9,647)
  • Lifestyle (609)
  • News (22,149)
  • People (607)
  • Politics (612)
  • Science (15,826)
  • Sports (21,115)
  • Technology (15,595)
  • World (594)

Recent News

The emerging Trumpification of mental and behavioral health – Axios

The emerging Trumpification of mental and behavioral health – Axios

May 9, 2025
When the pope and politics collide: From the Politics Desk – NBC News

Divine Dilemmas: The Intriguing Intersection of Papacy and Politics

May 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version