Double Materiality as a strategic tool Greenstep guided CAP Group through a Double Materiality assessment, which became a cornerstone for setting clear sustainability priorities and aligning efforts with stakeholder expectations. “The assessment helped us identify the most important issues for both our business and stakeholders, giving us direction and clarity,” says Jere Kääriäinen, Sustainability Manager […]
Updates to CSRD and CS3D: Thresholds raised, scope adjusted The Council of the EU has agreed on its position regarding two important frameworks: Corporate Sustainability Reporting Directive (CSRD) The employee threshold is proposed to increase from 250 to 1000 employees. Listed SMEs would be excluded from the scope of the directive. A net turnover threshold […]
1. Market Expectations Banks, investors, and large customers increasingly expect EU Taxonomy data to assess sustainability. Financial institutions need this data for their own Green Asset Ratio calculations, and may require non-obligated companies to provide taxonomy information before approving loans or investments. Even without a legal requirement, companies may need to provide this information to […]
1. SFDR: Investment Funds Must Report EU Taxonomy Alignment Under the current Sustainable Finance Disclosure Regulation (SFDR), investment funds classified under Article 8 or 9 are required to disclose the proportion of their portfolios that are aligned with the EU Taxonomy. With the upcoming SFDR reform (expected in Q4/2025), it is anticipated that all investment […]
As a sustainability expert, I’ve witnessed how globalization influences corporate value chains—from downstream to upstream. Globalization means companies must navigate complex networks of production, trade, and consumption that stretch across the world. This creates both opportunities and challenges, particularly regarding transparency, environmental impact, and human rights. Global Value Chains – Opportunities and Risks Globalization and […]
Reporting obligations narrowed to the largest companies One of the most notable changes is a major narrowing of the group of companies subject to mandatory Taxonomy reporting. Under the new rules, only the largest companies will be required to report – specifically those that: employ more than 1,000 people, and have annual turnover exceeding €450 […]
In our previous posts, we explored the “what” and “why” of Diversity, Equity, and Inclusion (DEI), showing its importance in today’s workplace and discussing how exclusion often comes from unconscious biases. While understanding these challenges is an important first step, it’s not yet enough. Companies need actionable strategies to turn good intentions into measurable progress. […]
Sustainability reporting has been evolving ever since its inception. In recent years, much focus has been on the EU’s sustainability reporting directive, aimed at making reporting mandatory for a large number of companies. The goal was to enable the comparison of different companies’ sustainability efforts through standardized reporting. Once the directive and reporting standard were […]
Sustainability is the future of business, period. For many businesses, sustainability may feel like an external factor – something added on top of existing operations. But true sustainability goes deeper. It’s not just about reducing waste or adopting green policies. It’s about aligning the company’s core strategy with the long-term health of the planet and […]