Lena Hök

Look forward to speaking on the IWBI Webcast on Sustainability Regulations in the EU and presenting key findings from the newly launched WELL - ESRS Alignment Tool tomorrow. 📌 Do you know that despite the indefinite postponement of the social taxonomy under the EU Taxonomy, much of its draft structure has influenced the social topical standards in #EuropeanSustainabilityReportingStandards (ESRS) 📌Do you know that among all the social topical standards in ESRS, the requirements for S1- a company's own workforce more than triple the requirements of each of the other social pillars, demonstrating the importance of treating our own people well as a first step for companies to improve social sustainability. 📌 Do you know that Social Sustainability, regardless of its challenge to measure, has been incorporated into various laws, regulations and guidelines around the world. This trend is not just regional in EU, but global. I will be joined by leading experts in sustainability, public policy and banking to discuss these topics - Konstantinos Dimopoulos from the European Bank for Reconstruction and Development EBRD, Gala Fombella Shuckburgh from Deerns and Laurie Miller from Cornell University: MPA Program - Cornell Jeb E. Brooks School of Public Policy as well as our IWBI team - Lefteris Zacharakis and Giovanna Jagger. Register for the webcast here: https://lnkd.in/eFHRqDBh #ESRS #CSRD #EUTaxonomy #socialsustainability

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A call out for case studies - concrete examples of circular business models with significant revenues. A good collection of case studies and insights will be useful in accelerating this agenda. Please send through or get in touch. Unlocking the Circular Economy via Profitable Circular Business Models – it’s time to get real The #circulareconomy has been promoted in the last decade as a way of dematerialising business and yet most companies are still only recycling here and there.   A deep circular economy plan works across the business value chain and aligns with the waste hierarchy - designing out waste as much as possible followed by managing waste as best as possible.  The essential components of a robust strategy include the redesign of products around durability and/or modularity, use of recycled and recyclable materials and components, re-manufacturing, and re-commerce.  Re-commerce - circular business models and services around repair, rental and/or resale - is the golden opportunity and yet a significant shift into this area is currently rare.  It is mainly regarded as a value-add and a way of deepening the relationship with customers, but if re-commerce can drive serious revenues it becomes a game changer where selling stuff is no longer the primary focus and instead products can move substantially to services. The signs are here.  In fashion, pure play resale platforms are multiplying, and reports continue on the rapid year on year growth of the second-hand market.  Estimates from GlobalData show second-hand clothes could account for a tenth of global fashion sales in 2025 due to cost-of-living pressures and rising conscious consumerism.  As a result, mainstream fashion brands have begun to dabble in re-commerce. Some established companies in other industries have somehow taken more of a plunge with strong returns. One example is Curry’s.  The retailer operates one of the largest repair centres in Europe providing revenues of almost £700 million in a year.  The appetite for refurbished electronics is on the up which provides commercial opportunities beyond traditional retail. Decathalon is another good story – annually recovering, repairing and reselling up to 800,000 sports products.  For the business, this fits with their drive for more participation in sports while also unlocking the value of used kit. Umicore went from being a mining operation to providing circular materials technology some years back.  More recently, it has entered a multibillion dollar partnership in the automotive sector to tap into the circular battery economy. Other such case studies are surfacing.  Salterbaxter continues to examine how more companies are moving beyond piece-meal recycling and shifting – at least in part – from products to circular services.  We are gathering insights across various sectors around - enabling conditions, getting organised, effective customer engagement and other factors for achieving a successful re-commerce strategy.

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⏱ How often should you run a Double Materiality Assessment? The CSRD mandates annual sustainability reporting, requiring a yearly evaluation of material impacts, risks, and opportunities. But what if last year’s assessment is still relevant? 🤔 This video snippet explores when you might only need to update your DMA versus the triggers for a full reassessment. 🍿 Discover our full methodology and FAQs in our DMA Masterclass recording: https://bit.ly/3VAuEmA #Sustainability #CSRD #DMA #Compliance

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EXCITING NEWS: EFRAG'S UPDATED IMPLEMENTATION GUIDANCE APPROVED - WHAT'S NEW?   My team and I at Nordic Sustainability have just sent out our special edition ESRS newsletter! Among the updates we shared with recipients are the latest, hot-off-the-press news on the Implementation Guidance from the European Financial Reporting Advisory Group (EFRAG).   On Thursday, April 11th, the Sustainability Reporting Technical Expert Group (SR TEG) of EFRAG approved the revised versions of its three key Implementation Guidance documents that are now to be sent to the Sustainability Reporting Board for publication.   Stay ahead of the curve with our recap of the key updates and additions to these essential documents!   📝 MATERIALITY IMPLEMENTATION GUIDANCE   – Enhancement for FAQ23 on mitigation actions – The revisions make it clear that in the double materiality assessment, environmental impacts, risks, and opportunities are generally to be evaluated before any mitigation actions (e.g. remediation or rehabilitation activities), specifically such that have been put in place after the occurrence of an actual negative impact. How a company manages its impacts (which includes any mitigation actions) are to be addressed as part of the policies, actions, and targets – not the materiality assessment. A similar approach is to be applied for social matters.   – Further, you will find updates on how to go about subsidiary-specific impacts, how to make use of existing frameworks such as the TNFD, and more.    📝 VALUE CHAIN IMPLEMENTATION GUIDANCE   – Enhanced clarifications on E1 disclosures – These include two new FAQs as part of Chapter 3 to clarify the reporting perimeter for ESRS E1, i.e. by using a fictional example of a Group with a number of subsidiaries.    – CSDDD clarifications – A note on the Corporate Sustainability Due Diligence Directive (CSDDD) has now been included, explaining that while the ESRS requires transparency around companies' due diligence processes, it does not assume any compliance with the CSDDD. The disclosure obligations of CSRD are independent of the future CSDDD obligations.    – Aspects related to financial reporting were moved to a separate section now labelled ‘The accountants’ corner’ to avoid the impression that these are sustainability reporting concepts.   📝 ESRS DATAPOINT LIST   – The list of the ESRS datapoints accompanied by its explanatory note has also undergone changes. These includes the hyperlink integration, expanded identification of conditional and alternative datapoints, phase-in specifics and the inclusion of a unique identifier for each datapoint.      ➡️ Stay connected with Nordic Sustainability for more updates. You can sign-up to our newsletter here: https://lnkd.in/guCywnvf #Sustainability #CSRD #ESRS #NordicSustainability #EFRAG

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Sustainability Leaders! 🌱 Struggling with ESG and sustainability communication? Leading with innovative approaches? Join our beta test for gamification in sustainability engagement! With support and most costs already covered, we aim to transform sustainability communication. Explore key topics: 📣 ESG Strategy Communication 💬 Unified Sustainability Messaging 🌍 DEI Fundamentals 📊 Demystifying CSRD ♻️ Circular Economy 🌿 Greenwashing Awareness 💼 ESG as an Opportunity 🚀 SPECIAL: AI-Powered ESG Profiles: Effortlessly create and communicate your company's ESG profile. Join our game to communicate your ESG profile and motivate colleagues! Excited to participate? We're seeking committed teams or units to join before June's end. While we prioritize large organizations, we're open to discussions with SMEs. We'll oversee the pilot project in exchange for your formal commitment. 🔗 Let's elevate sustainability together! Reach out to our COO, Tero, at tero.kulha@seppo.io. #sustainability #gamification #gamificationoflearning

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Week 19, 2024 - what members of The Sustainable Investor have been reading in full this week. We write for sustainability professionals working in companies, the finance industry, government, academia and NGOs. Finance and sustainability people use different words and think differently. We write about sustainability with a finance perspective bridging the gap between sustainability, finance and strategy. We help you think holistically, laterally and see new insights. Membership is free and you can get to read ALL of our blogs in full (details on last page of carousel). #sustainability #strategy #finance Steven Bowen Sandy Jayaraj SUSXL: Sustainability. Excellence. Leadership. Davis Mukasa

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Week 20, 2024 - what members of The Sustainable Investor have been reading in full this week: We write for sustainability professionals working in companies, the finance industry, government, academia and NGOs. Finance and sustainability people use different words and think differently. We write about sustainability with a finance perspective bridging the gap between sustainability, finance and strategy. We help you think holistically, laterally and see new insights. Membership is free and you can get to read ALL of our blogs in full (details on last page of carousel). #sustainability #strategy #finance Steven Bowen Sandy Jayaraj SUSXL: Sustainability. Excellence. Leadership. Davis Mukasa Daniel Flatt

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🌍 Celebrate International Biodiversity Day with Nordea Asset Management! Did you know that biodiversity loss poses significant financial risks for investors across various sectors and geographies? 🌿📉 For investors, understanding the impact of biodiversity loss is crucial. It’s not just about mitigating risks—it's about seizing opportunities to make informed, sustainable investment decisions. Learn how we at Nordea Asset Management navigate these complexities and why it matters to your portfolio. Check out this insight by Cecilia Fryklöf, our Head of Active Ownership. #BiodiversityInvestment #ClimateInvestment #ESG #MarketingCommunication

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How can economic progress thrive without overconsumption? In the series on ‘Sustainability Oriented Economic Models’, we have seen 2 principle economic models that address the crucial flaw in the take-make-waste economic model, ‘resource inefficiency’, and intend to tackle it. The problem of resource scarcity and inefficient use is aptly depicted through Earth Overshoot Day. Earth Overshoot Day is a stark reminder that we're using up Earth's resources faster than they can replenish. It marks the day we've used all the resources nature can regenerate for the year. And every year this day arrives sooner! Along with Circular Economy and Doughnut Economy, here are a few subsidiary supporting, sustainability oriented systems- 1. Sharing Economy - This model focuses on access over ownership. People can rent, borrow, or barter goods and services instead of buying them outright. This reduces consumption and resource use while creating new business opportunities. 2. Biomimicry - This approach takes inspiration from nature to design products, processes, and systems. Nature has perfected sustainable practices over millions of years, and biomimicry can help us learn from these successes. For example, solar cells mimic photosynthesis, and velcro was inspired by burrs that stick to animal fur. 4. Localised Economies - This model promotes self-reliance extending beyond solely the self and reduces the environmental impact of transportation. It encourages local production, consumption, and investment, creating a more closed-loop system. This can involve supporting farmer's markets, local businesses, and community-owned renewable energy projects. #sustainableeconomy #circulareconomy #ghg #doughnuteconomy #aurovilleconsulting #sharingeconomy #biomimicry #resourceefficiency #earthovershootday #localeconomies #responsibleconsumption #greenInnovation

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This report highlights the need of incorporating science based target initiatives within the corporation’s sustainability plans! It is time to act implemeng effective actions that can positively restore our planet and contribute to adaptation

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And yet another example of how our Value for Good GmbH private sector practice group is working with investors along the investment value chain to drive #ESG and #societalimpact! Congratulations HV Capital on your ESG report! And Kudos to Thomas Brand for driving this!

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The #EDCI has emerged in recent years as one of the most important #ESG initiatives in private equity, driving standardization of ESG data in the market. Malk explains how EDCI is shaping the future of ESG data. https://lnkd.in/eA43WXWw #ESGdata #ESGmonitoring #Privatemarkets #PE

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Looking forward to these timely sessions on ESG to help us get ready for #CSRD and other ESG mandatory disclosures.

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#CSRD is in the corner of every company where sustainability is a key element for reporting. 12 ESG standards, 85 disclosure requirements, >100 quantitative KPI's, > 1.000 data points, 4 reporting areas. Is sustainability important for your company ?

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🌟It's the season for reporting and time to disclose what you've been up to in the last year! For Nordic Swan Ecolabelled Funds, transparency is a cornerstone and all funds shall publish a report that cover: 🛑😩Excluded companies that have a persisting unacceptable (ESG) risks. 💪🟢The fund's definition of strong sustainability practices. 😟😊ESG risks and opportunities for the 10 largest holdings. 💬🗨️Summary of the engagements with the 10 largest holdings, if any.  ↘️ ↗️ Transition progress for the 5 largest emitters of GHG in critical sectors. 🐒🌳Risks and opportunities concerning biodiversity for the 5 holdings with the poorest rating in critical sectors. 🗳️✔️Extent of voting and link to SFDR information. Content varies based on investment process, application points, and holdings, with some consolidating all funds while others opt for separate reports. BankInvest Bankinvest Klimaaktier👉🏿https://rb.gy/8urrfj Bankinvest Klimaobl👉https://rb.gy/ymtb3z AL Invest, Udenlandske Aktier Etisk👉🏽https://bit.ly/43Z4dK8 Carnegie Fonder Carnegie All Cap👉🏽https://bit.ly/3VW4v2d Coeli Circulus👉https://bit.ly/3xI1F6L Coeli Circulus Coeli Circulus America Small Avanza Impact CB Fonder Save Earth Fund👉🏻https://bit.ly/3VYIOyu Didner & Gerge Fonder Didner&Gerge Global 👉🏿 https://bit.ly/3UdWsMR Fondbolaget Fondita Ab Fondita Sustainable Europe👉https://bit.ly/49BLCoz Handelsbanken Fonder Handelsbanken Global Tema👉🏻https://bit.ly/3VWPT2D Handelsbanken Hållbar Energi👉🏿https://bit.ly/49z3iB1 Handelsbanken Sverige Selektiv👉https://bit.ly/4audxb3 Handelsbanken Tillväxtmarknad Tema👉🏽https://bit.ly/3UfAMQI KLP page 26-35👉🏻https://bit.ly/3xJb8e0 KLP Aksje Global Mer Samfunnsansvar (MSA)/II KLP AksjeFremvoksende Markeder MSA KLP AksjeNorden MSA KLP Framtid MSA KLP Kort Horisont MSA KLP Lang Horisont MSA KLP Nåtid MSA KLP Obligasjon 1 år MSA KLP Obligasjon GlobalMSA Nykredit👉https://rb.gy/az50vo Nykredit Invest/Sparinvest (Engros) Bæredygtige Aktier Nykredit Invest Balance Bæredygtig Defensiv/Moderat/Offensiv Nykredit Invest (Engros)Bæredygtige Kreditobl Nykredit Invest Engros Bæredygtige Højrenteobl Sparinvest Bæredygtige Value Aktier Sparinvest INDEX Bæredygtige Europa/Global/Japan/USA Pareto Asset Management Pareto ESG Global Corp Bond👉🏿https://rb.gy/y9blub Triodos Investment Management From April 30th👉🏻https://rb.gy/shxde2 Triodos Euro Bond Triodos Future Generations Triodos Global Equities Triodos Impact Mixed–Defensive/Neutral/Offensive Triodos Impact Strategy–Balanced/ Defensive/Dynamic/Offensive Triodos Pioneer ValueInvest Danmark ValueInvest Global/Akk👉🏻https://rb.gy/o3enqb Ålandsbanken Abp Ålandsbanken Green Bond ESG, page 11-14👉https://bit.ly/4aShFBK __ See comments and more details➡️https://rb.gy/gdvizp Miljömärkning Sverige AB, Miljømærkning Danmark, Miljømerking Norge - Svanemerket, Ympäristömerkintä Suomi The Nordic Swan Ecolabel doesn't guarantee returns or indicate risk levels.

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🌿 Ready to dive deep into ESG? Join us in Amsterdam on June 27 for the INREV ESG Conference: https://hubs.li/Q02vHGs30 Connect with top ESG professionals, industry leaders, and investors from across Europe, and gain insights into sustainable leadership, tackling embodied carbon challenges, leveraging AI for climate action, and much more. Stay tuned for the full program release and check out highlights from previous editions on the event page. Register now to secure your spot. 🌍💡 #ESG #Sustainability #AmsterdamConference #INREVevents 🚀

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Thrilled to share a pivotal update from the European Parliament—the recent approval of the Corporate Sustainability Due Diligence Directive (CSDDD). The CSDDD was approved on April 24th, marking a significant step in integrating sustainability with corporate accountability. • Quick Highlights Scope: Targets large corporations, including EU and significant non-EU companies, enhancing environmental and human rights standards in supply chains. Timelines: Starting 2027, phased implementation impacts companies of varying sizes, ensuring a gradual adaptation to the directive. • Next Steps Awaiting further approval from COREPER on May 15 and the Competitiveness Council on May 23. • Why It Matters This directive represents a balanced approach to fostering responsible business practices without sacrificing competitiveness and profitability. Dive deeper in the post below ⬇️ #CSDDD #Sustainability #CorporateResponsibility #EULegislation

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A huge huge milestone! Only three years ago, companies and investors were mired in an “alphabet soup” of reporting frameworks and standards. All that has changed now and the ISSB is the global standard. There are some differences in the details but you’ll see the same reporting requirements running through the ISSB standards, the CSRD’s climate reporting requirements, CA SB 253 and 261, the SEC rule, and now the CDP questionnaire. It’s just huge progress. We no longer hear “I don’t know what to report.” That has become clear and substantially harmonized.

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VIRIDAD is your go-to resource for clarity in the world of sustainability. Discover answers to the most frequently asked questions about EU Taxonomy and CSRD here. https://lnkd.in/eBFw4XUr

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