Latest news with #CSRD
The Sun
4 days ago
- Business
- The Sun
Shell bolsters sustainability integration amid shifting global energy landscape
KUALA LUMPUR: Shell is reinforcing its sustainability efforts across its business operations as part of a broader strategy to remain competitive and resilient in a fast-changing global energy landscape. Vice-president for sustainability Karen Westley said the company is aligning environmental and social sustainability with its core values and risk framework, which is among the efforts to navigate the global shift toward cleaner energy. She said the company has been focusing on simplification through the corporate sustainability reporting directive (CSRD) disclosure process, allowing Shell to tie impacts, risks, and opportunities across sustainability to its enterprise risk framework. 'This has led us to strengthen our governance, systems and standards around sustainability. We have included sustainability as a foundation in our core values alongside safety and care for people,' she said during the plenary session titled 'Sustainability Leaders Navigating Geopolitical and Economic Shifts in Energy Companies' at the Energy Asia 2025 Conference today. Westley said Shell has already achieved key environmental targets, including a 70 per cent cut in methane emissions since 2016, a 60 per cent reduction in Scope 1 and 2 emissions towards its 2030 goal, and a nine per cent fall in net carbon intensity. It has also met goals on biodiversity protection, water use, and reforestation. Westley said that in addition to its emissions targets, Shell is working on improving energy access, particularly in Asia. In November 2024, the company has partnered with three energy giants -- TotalEnergies, Equinor, and BP -- for a US$500 million joint investment commitment (US$1=RM4.23) to create a positive impact on energy access for people in key regions over the coming years.
The Sun
4 days ago
- Business
- The Sun
Shell steps up sustainability amid energy sector shifts
KUALA LUMPUR: Shell is reinforcing its sustainability efforts across its business operations as part of a broader strategy to remain competitive and resilient in a fast-changing global energy landscape. Vice-president for sustainability Karen Westley said the company is aligning environmental and social sustainability with its core values and risk framework, which is among the efforts to navigate the global shift toward cleaner energy. She said the company has been focusing on simplification through the corporate sustainability reporting directive (CSRD) disclosure process, allowing Shell to tie impacts, risks, and opportunities across sustainability to its enterprise risk framework. 'This has led us to strengthen our governance, systems and standards around sustainability. We have included sustainability as a foundation in our core values alongside safety and care for people,' she said during the plenary session titled 'Sustainability Leaders Navigating Geopolitical and Economic Shifts in Energy Companies' at the Energy Asia 2025 Conference today. Westley said Shell has already achieved key environmental targets, including a 70 per cent cut in methane emissions since 2016, a 60 per cent reduction in Scope 1 and 2 emissions towards its 2030 goal, and a nine per cent fall in net carbon intensity. It has also met goals on biodiversity protection, water use, and reforestation. Westley said that in addition to its emissions targets, Shell is working on improving energy access, particularly in Asia. In November 2024, the company has partnered with three energy giants -- TotalEnergies, Equinor, and BP -- for a US$500 million joint investment commitment (US$1=RM4.23) to create a positive impact on energy access for people in key regions over the coming years.
New Straits Times
4 days ago
- Business
- New Straits Times
Shell bolsters sustainability integration amid shifting global energy landscape
KUALA LUMPUR: Shell is reinforcing its sustainability efforts across its business operations as part of a broader strategy to remain competitive and resilient in a fast-changing global energy landscape. Vice-president for sustainability Karen Westley said the company is aligning environmental and social sustainability with its core values and risk framework, which is among the efforts to navigate the global shift toward cleaner energy. She said the company has been focusing on simplification through the corporate sustainability reporting directive (CSRD) disclosure process, allowing Shell to tie impacts, risks, and opportunities across sustainability to its enterprise risk framework. "This has led us to strengthen our governance, systems and standards around sustainability. We have included sustainability as a foundation in our core values alongside safety and care for people," she said during the plenary session titled "Sustainability Leaders Navigating Geopolitical and Economic Shifts in Energy Companies" at the Energy Asia 2025 Conference today. Westley said Shell has already achieved key environmental targets, including a 70 per cent cut in methane emissions since 2016, a 60 per cent reduction in Scope 1 and 2 emissions towards its 2030 goal, and a nine per cent fall in net carbon intensity. It has also met goals on biodiversity protection, water use, and reforestation. Westley said that in addition to its emissions targets, Shell is working on improving energy access, particularly in Asia. In November 2024, the company has partnered with three energy giants – TotalEnergies, Equinor, and BP – for a US$500 million joint investment commitment (US$1=RM4.23) to create a positive impact on energy access for people in key regions over the coming years.
Fashion United
5 days ago
- Business
- Fashion United
Dutch political party says European sustainability rules threaten competitiveness
The Dutch political party, VVD, has sent a strong message to Brussels. On June 12, members of parliament Thom van Campen and Claire Martens-America submitted a motion to the House of Representatives stating that two European directives concerning sustainability hinder European businesses from competing with businesses outside the EU, such as those in China and the US. The directives in question are the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). The motion urged the Dutch government to advocate for the withdrawal of these directives. The Dutch newspaper Het Financieele Dagblad (FD) was the first to report on this. The CSRD requires large companies to report extensively on the sustainability of their business operations. The CSDDD (also known as the 'anti-blind eye law' or 'supply chain responsibility and liability') holds companies accountable for abuses in their global supply chains. Both directives aim to promote corporate social responsibility, but according to the motion's authors, "these rules threaten European competitiveness and put unnecessary pressure on businesses". The FD noted that the motion represents a significant shift in the VVD's stance, as the party previously supported European sustainability directives. Critics, including civil society organisations, worry that such a position allows companies to ignore issues like child labour, pollution, and poor working conditions in their production chains. Netherlands joins France and Germany The Netherlands follows other EU member states that have opposed the legislation, including Germany and France. Last month, French president Emmanuel Macron joined German CDU party leader Friedrich Merz in calling on the European Union to abolish a directive on corporate sustainability. Whether the motion will garner enough support in the House of Representatives to influence government policy towards Brussels remains to be seen. The vote is scheduled for Tuesday, June 17. The discussion regarding the balance between corporate social responsibility and economic competitiveness is once again high on the political agenda. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Malaysian Reserve
13-06-2025
- Business
- Malaysian Reserve
Investor ESG Software Market Size is reaching US$ 3.36 billion by USD 3.36 billion by 2031
NEW YORK, June 13, 2025 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, the global investor ESG software market is observing significant growth owing to the focus on innovation in ESG software and integration with generative AI. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the investor ESG software market comprises a vast array of component and enterprise size which are expected to register strength during the coming years driven by Experiences Growth Owing to Focus on Corporate Social Responsibility and Growing Investor Demand for Accurate ESG Data and Analytics. To explore the valuable insights in the Investor ESG Software Market report, you can easily download a sample PDF of the report – Overview of Report Findings Market Growth: The investor ESG software market size was valued at US$ 1.08 billion in 2024 and is expected to reach US$ 3.36 billion by 2031; it is estimated to record a CAGR of 17.6% from 2025 to 2031. Factors such as the focus on corporate social responsibility and growing investor demand for accurate ESG data and analytics are also driving the investor ESG software market. Furthermore, the focus on innovation in ESG software and integration with generative AI are creating lucrative opportunities for the growth of the investor ESG software market players during the forecast period. Focus on Corporate Social Responsibility: For businesses, meeting the CSRD's stringent reporting requirements will likely involve complex data collection, analysis, and management. Companies will need to track and report on an increasingly broad set of ESG metrics, which can be difficult to compile manually or using outdated systems, leading to an increased demand for new solutions. Investor ESG software solutions enable businesses to efficiently collect, analyze, and report ESG data in line with the new directive. As the CSRD mandates that companies start reporting under these guidelines in 2025, with data from the financial year 2024, the urgency for adopting advanced ESG software is growing rapidly. The CSRD introduces new expectations for companies to assess and disclose the broader impacts of their activities both inside and outside of Europe. Companies must evaluate their direct operations as well as consider the sustainability of their supply chains, global operations, and the long-term effects of their business decisions on human rights and environmental conditions. The increased complexity and scale of these reporting requirements are propelling companies to invest in robust ESG software platforms that can help them automate the reporting process, ensure compliance, and better manage ESG risks. Thus, focus on corporate social responsibility drives the investor ESG software market. Regional Overview: The South and Central America investor ESG software market growth is driven by the growing concern related to climate risk growth, particularly in the agriculture, mining, and energy industries, among others. These industries are adopting investor ESG software to identify climate-related difficulties and mitigate their impact on operations. Businesses in South and Central America are seeking to comply with global sustainability trends. ESG software helps them assess and monitor climate-related risks, allowing them to make informed decisions, develop strategies, and implement measures to reduce their carbon footprints and improve their overall sustainability performance. According to the AXA Investment Managers, several Latin American nations have set ambitious renewable energy targets. For instance, Colombia aims to conserve 30% of its land, reduce greenhouse gas emissions by 51% by 2030, and achieve carbon neutrality by 2050. Similarly, Chile is committed to carbon neutrality by 2050, with plans to phase out several thermal power plants by 2040 and transition major mining companies such as BHP and Anglo American to renewable energy sources. These proactive measures position the region for significant growth in the investor ESG software market as businesses seek tools to track and report their sustainability performance in alignment with these evolving regulations and investor expectations. Geographical Insights: North America dominated the investor ESG software market in 2024. Europe is the second-largest contributor to the global investor ESG software market, followed by Asia Pacific. For Detailed Investor ESG Software Market Insights, Visit: Market Segmentation Based on component, the market is bifurcated into software and services. The software segment dominated the market in 2024. In terms of enterprise size, the market is divided into SMEs and large enterprises. The large enterprises segment dominated the market in 2024. Competitive Strategy and Development Key Players: A few major companies operating in the investor ESG software market include MSCI, Workiva Inc., Morningstar Sustainalytics, London Stock Exchange Group plc, Cority, Prophix Software Inc., SAP SE, Sphera, FactSet, and Bloomberg Finance L.P. Trending Topics: Sustainable Investing & Green Bonds, Circular Economy Investments, Climate Risk, and Financial Disclosure, among others Stay Updated on The Latest Investor ESG Software Market Trends: Global Headlines 'Morningstar, Inc. announced new resources to help investors and corporations address emerging regulatory reporting challenges related to the EU Action Plan. As an extension of its EU Sustainable Finance Action Plan Solutions Suite, Morningstar Sustainalytics has launched a new Corporate Sustainability Reporting Directive (CSRD) aligned data offering, which maps Sustainalytics data to emerging regulatory reporting requirements, a dedicated resource to support alignment with a new ESMA Fund Naming Rules Solution and the next iteration of its EU Taxonomy solution enhancing coverage, quality, and presentation of its ESG data.' 'Prophix recently partnered with IRIS CARBON, a pioneer in business, financial regulatory reporting, and disclosure management solutions. This new partnership allows them to expand their solutions for the Office of the CFO and add disclosure management, XBRL/iXBRL reporting, and ESG reporting.' Purchase Premium Copy of Global Investor ESG Software Market Size and Growth Report (2021-2031) at: Conclusion Investor ESG software is customized to help investors assess, track, and manage the ESG performance of their portfolios and investment decisions. These platforms provide data-driven insights, analytics, and reporting on various ESG metrics, enabling investors to align their investment strategies with sustainability goals and regulatory requirements. The investor ESG software market has witnessed significant growth due to increasing demand for responsible investing, rising concerns over climate change, social issues, and governance practices, as well as the need for transparency and compliance with evolving global ESG standards. The demand for investor ESG software is driven by institutional investors, asset managers, and financial institutions seeking to integrate ESG factors into their decision-making processes. The report from The Insight Partners, therefore, provides several stakeholders—including software/service providers, integrators, investment firms, and regulatory bodies —with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. For More Related – Technology, Media and Telecommunications Market Research Reports Trending Related Reports: About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit MathurE-mail: +1-646-491-9876Press Release – Logo: View original content:
