Sustainability
For companies to succeed in the 21st century, sustainability and social responsibility must be at the heart of their business model.
Tracking the green transition with OMFIF
There is no longer any question about whether to transition to green finance – only how. Easy access to climate risk data and global regulation promises to help policymakers see the big picture and better understand what is missing in order to make the transition a success.
It is with this in mind that we are proud to announce Mazars has partnered with OMFIF on the Sustainable finance policy tracker. The online tool is a simple-to-use resource where practitioners and policy experts alike can monitor the activities of central banks and regulators on sustainability.
Bridging data gaps
According to our 2020 research, most central banks were still at a relatively early stage in how they were planning to respond to climate-related risks. By creating a tool that shows what different authorities are doing we hope to bridge data gaps and boost understanding.
The tool – which you can access here – initially focuses on G20 countries and a handful of other countries; it tracks regulatory and supervisory measures to address climate risks in the financial sector, stress-testing activity, sustainable taxonomies and climate-related disclosures and green bond issuance.
The Sustainable Finance Policy Tracker is updated on a quarterly basis. Most recent update: 2nd December 2022.
Catalyst for action
Policy and business priorities understandably shifted because of Covid-19, but the pandemic still served as a wake-up call for sustainable finance. We saw how our most established state institutions were vulnerable to massive shocks caused by unforeseen forces. If the setting of the Sustainable Development Goals in 2015 was a paradigm shift in how we view the future of finance, Covid-19 is a catalyst for action.
Positively, we are now seeing climate change stress tests becoming mainstream in many jurisdictions, with the UK and the EU leading. And in June, the G7 backed mandatory climate-related financial disclosures for banks. Also worthy of mention is the latest IPCC report, which delivered its starkest warning yet about climate change and its real world impact.
Putting sustainability at the centre
We will continue to strive at Mazars to help our clients put sustainability at the centre of their business and will be watching closely what comes out of the COP26 climate summit in Glasgow. Taking place next month, COP26 will set the agenda for business, politics and society going forwards. Real progress will depend on participants putting detail and data behind plans for the green transition. Success rests on leaders taking this information and combining it with hard work, sustained commitment, and an ambitious vision.
You can use the Sustainable finance policy tracker by going here.
Rudi Lang, Member of the Group Executive Board at Mazars talked with OMFIF. Watch the interview below.
How is ESG perceived by companies in Slovakia?
How do large companies operating in Slovakia cope with the opportunities and questions that the topic of ESG offers? We reveal the answers in a Mazars study with company leaders and executives, carried out in cooperation with the research agency Ipsos Slovakia.
CEE webinar replay: ESG reporting & CSRD
The new EU's CSRD (Corporate Sustainability Reporting Directive), effective as of January 2023, will affect almost 50,000 companies in the EU. How to prepare for it? By filling out the short form below you can access the webinar replay focused on non-financial sustainability reporting in the CEE region. The recording is in English.
A practical guide on sustainability
With societal expectations increasingly permeating corporate governance, companies need to evolve their business models to embrace lasting value creation that benefits not only the shareholders, but also internal and external stakeholders as well as wider society.
Big companies will have to report ESG information
Big companies will have to do reporting on their sustainability information. They will monitor the impact of business on the environment, approach to employees and respect for human rights.
Contact us
Martin Dolinský Manager, Sustainability - Bratislava
