CFOs are central to integrating sustainability into corporate strategy, ensuring compliance, and leveraging financial and operational benefits within ESG projects. Key responsibilities include embedding sustainability into decision-making, engaging stakeholders, optimising tax incentives, and maintaining rigorous...
With growing regulatory and market pressure, certifications like ISO, EcoVadis, MSCI, CDP, Bloomberg, Green Key, LEED, BREEAM, and B Corp provide clear guidelines for meeting environmental and social standards. They enhance reputation, attract investors, and bring financial benefits. Achieving certification requires...
A climate-transition strategy outlines how organisations align with net-zero goals through emissions reductions, governance, and stakeholder engagement. It ensures sustainability, regulatory compliance, and resilience while securing financing, building credibility, and driving decarbonisation. Key challenges include...
PwC’s 2024 Global Corporate Sustainability Reporting Directive (CSRD) Survey reveals that despite tight timelines and complexities, companies anticipate tangible benefits from CSRD reporting. Key findings include expectations of revenue growth and cost savings, with financial services sector participants being...
The Corporate Sustainability Reporting Directive (CSRD) is a transformative regulation that requires businesses to integrate sustainability into their strategies, enhancing value creation for shareholders and society. By mandating detailed disclosures on sustainability impacts, risks, and opportunities, CSRD aims to...
Greenwashing misleads consumers about environmental benefits. Companies face reputational damage, financial penalties, and legal action when exposed. To avoid greenwashing, the Anti-Greenwashing Framework promotes transparency, honest ESG communication, and monitoring of global supply chains. It emphasises compliance...
Organisations can turn energy demand into a strategic advantage by reducing energy intensity, securing affordable low-carbon energy, and increasing efficiency with electric options. This approach can enhance revenue, mitigate risks, and improve sustainability. Malta's energy transition efforts align with the European...
As demands for climate action and ESG accountability grow, the role of Chief Sustainability Officer (CSO) is becoming crucial. CSOs oversee sustainability strategies, but their influence varies. Different CSO archetypes include CEO-CSO, C-level CSO, Standalone CSO, Core Business Function CSO, and Support Function CSO....
Businesses face rising energy costs and climate change pressures, necessitating comprehensive energy management strategies. In the EU, industrial and commercial sectors contribute significantly to energy consumption. To mitigate this, businesses must reduce demand, optimise usage, and transition to renewables. In...
The EU's CSRD mandates sustainability reporting akin to financial reporting, requiring a "double materiality" assessment to gauge impacts on stakeholders and society. Common pitfalls include hastily producing undocumented assessments, overlooking subtopics and the value chain, and over-reliance on assessment tools....
Adapting to climate change is crucial for businesses. In 2024, global temperatures breached the 1.5°C limit, signalling severe consequences like extreme weather and biodiversity loss. Over half of CEOs foresee climate risks in the next five years, urging firms to act. Combining climate adaptation with decarbonisation...
The Corporate Sustainability Reporting Directive (CSRD) introduces the Double Materiality Assessment (DMA) as a crucial exercise for businesses. PwC outlines a seven-step process, including stakeholder engagement, listing sustainability matters, defining impacts and risks, quantifying impacts, assessing financial...
Malta grapples with renewable energy transition amid global gaps. A PwC report urges significant advancements for the world to achieve net zero by 2050, emphasising the need for increased capacity, improved infrastructure, and funding. Malta, with promising renewable energy initiatives, faces challenges in meeting 2050...
Businesses are urged to embrace a nature-positive approach, recognising the crucial link between business operations and the environment. The article stresses the economic impact, with over half of global GDP tied to nature. It highlights the need for transparency and nature reporting, recommending actions such as...
The article discusses the urgent need for climate action in the face of the global climate crisis and highlights the EU Emissions Trading System (ETS) as a significant initiative. It explains how the EU ETS operates and its recent expansion to include sectors like maritime transport. Malta's evolving role in carbon...
As organisations seek to decarbonise their operations, they must increasingly broaden their horizons beyond the confines of their operations. Today, organisations need to equip themselves with the essential knowledge to measure, manage and mitigate emissions across all of their operations, including those stemming from...
The consequences of climate change and its negative impacts on our environment is one of the most significant and pressing issues of our time. With ocean levels rising, glaciers melting, deforestation, wildlife loss and biodiversity decline, along with a high increase of greenhouse gases, climate change presents one of...
A global consensus has emerged in recent years that environmental, social, and governance (ESG) issues are crucially important for the corporate world. In a recent PwC survey, global investors placed ESG-related outcomes such as effective corporate governance and greenhouse-gas emissions reduction among their top 5...
With the approval of the EU’s CSRD, all large companies are now required to disclose information on the way they are measuring and managing ESG issues. In practical terms, companies will need to report on a host of ESG metrics, both qualitatively and quantitatively, align to new sustainability standards and obtain...
A lot of good work is being done to tackle one of the largest and most complex issues facing the world today. Governments around the world are increasing their decarbonisation commitments, funding for climate tech is pouring in, businesses are rushing to make net-zero pledges and issues related to the sustainability...
In the next years to 2030 and beyond there are going to be vast changes in the ways we work, play, eat, move around, power our lives, make and use things because all of these activities generate greenhouse gas emissions. Meeting the aggressive targets the world has set to reduce emissions means that all of these...
A company’s approach to tax is no longer just a question of compliance. In the context of the environmental, social, and governance (ESG) imperative, it is becoming a powerful indicator of how a business views its role in society and its commitment to its purpose. It’s a critical element of a business’s social...
Sustainability, also known as environmental, social and governance (ESG), is not a new concept and, for many, brings to mind environmental issues like climate change and resource scarcity. While these are an important element of ESG, the term in fact means much more and covers social issues, like a company’s labour...
The European Parliament has recently adopted several key pieces of legislation that are part of the Fit for 55 package, which represents the EU’s plan to reduce greenhouse gas (GHG) emissions within the EU bloc by at least 55% by 2030 when compared to 1990 levels. One key development is the inclusion of the maritime...
The European Parliament has recently adopted several key pieces of legislation that are part of its Fit for 55 Package, which is its plan to reduce greenhouse gas (GHG) emissions within the EU bloc by at least 55% by 2030 when compared to 1990 levels. One such key development is the Carbon Border Adjustment Mechanism...
Transport Malta has recently re-issued a number of incentive schemes aimed at improving the sustainability and accessibility of road transport. The schemes are available until 31 December 2023 unless modified or terminated through the full use of the respective allocated budget before such date.
SMEs play a pivotal role in driving economic development in Malta, accounting for over 82% of local employment and making up 99.8% of the business landscape in Malta. In order to continue facilitating positive growth and in light of the challenges faced over the past few years, where many businesses have had to...
