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Procurement magazine

How Procurement can Navigate EU ESG Regulation Changes

In this excellent article from Procurement magazine the shifting sands of the EU’s ESG regulations is explained, the amendments having creating uncertainty for procurement leaders, especially after the proposals in the February 2025 Omnibus which aimed to delay implementation and narrow the scope of pivotal directives. This has left many procurement professionals in the EU questioning future regulatory expectations, particularly with the possible renegotiation of the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD) originally set in place in 2024. The EU’s ESG regulations present significant challenges and opportunities for procurement leaders. Procurement teams are…
September 16, 2025
KPMG

Stakeholder Pressure Mounts: 2025 KPMG Report Uncovers ESG Gaps

The third edition of KPMG International’s 2025 ESG Assurance Maturity Index comes at a pivotal time for global business. The report surveyed 1,320 senior executives and board members across industries and global regions, with a mean revenue of US$16.8 billion. According to the report, the overall readiness score of respondents has dipped marginally, from 47.7 to 46.9. Even now — two years since KPMG's initial survey — 76% of businesses remain in the early or mid-stages of ESG maturity. Key Findings: Momentum despite complexity: 74% of companies say their sustainability reporting plans under the CSRD remain unchanged — signaling strong…
September 11, 2025
Clive Booth Founder the ESG Foundation

Uzbekistan’s State Enterprises Embrace IFRS as Reform Drive Gains Pace

Uzbekistan is pushing ahead with a sweeping overhaul of financial reporting across its state-owned enterprises (SOEs), as part of a wider campaign to improve transparency, attract investment, and modernize corporate governance. Under reforms mandated by Presidential Decree No. 4611, a growing number of major enterprises are now required to produce financial statements in line with International Financial Reporting Standards (IFRS). The first wave of compliance, launched in 2021, is beginning to bear fruit, with government officials hailing early successes and promising full adoption across all largest SOEs by the end of 2025. A recent seminar in Tashkent brought together finance leaders…
August 19, 2025
Gerald Wiley Researcher The ESG Foundation

An Inconvenient Truth: Why Private Jets Have No Place in a Climate-Conscious World

The growing popularity of private jet travel is a glaring contradiction in an age where climate change demands urgent, collective action. While these aircraft offer unmatched convenience and exclusivity, their environmental cost is impossible to ignore. According to research by Transport & Environment, a European clean transport campaign group, private jets are up to 14 times more polluting per passenger than commercial flights and 50 times more polluting than trains (“Private jets: can the super rich supercharge zero emission aviation?” Transport & Environment, 2021).
August 12, 2025
Clive Booth Founder the ESG Foundation

The Quiet Origins of ESG

Long before ESG became a framework for corporate responsibility – before ratings agencies, sustainability reports or shareholder resolutions – a small group of British religious dissenters were practising something strikingly similar. The Quakers, or the Religious Society of Friends, built commercial empires from the 18th century onwards that placed values at the heart of enterprise. Their principles – integrity, fairness, stewardship and accountability – would not be out of place in any modern ESG policy. But theirs was not a response to regulatory pressure. It was a matter of conscience.
August 8, 2025
Peter Underwood Senior Lecturer Faculty of Law University of Auckland

‘Go woke, go broke’ is no longer true. Socially aware capitalism is the future of corporate responsibility

The phrase “go woke, go broke” is often used by critics of corporate social responsibility. It implies that companies face a binary choice: embrace progressive values or pursue profit. But this dichotomy between “wokeness” and capitalism is both simplistic and increasingly out of step with corporate reality. Many companies are embedding social, environmental and ethical considerations into their business strategies – not in spite of profit, but because it contributes to long-term value creation. Understanding this shift – and the backlash to it – is fundamental to grasping modern corporate responsibility. For decades, shareholder primacy prevailed in global business. This…
August 4, 2025
Clive Booth Founder the ESG Foundation

EU adopts recommendations on voluntary sustainability reporting for small businesses

The European Commission has adopted the Omnibus I simplification package which proposed to limit mandatory sustainability reporting under the Corporate Sustainability Reporting Directive (CSRD) to large companies with more than 1,000 employees. The voluntary standard for SMEs (VSME) was developed by EFRAG, the Commission's technical advisory body for sustainability reporting.
August 1, 2025
Alison Gillanders ESG Foundation Graduate Researcher

Bright Ideas: Advancements in Solar Energy

The ability to produce electricity from sunlight was discovered in 1839 by Edmond Becquerel, the first solar cells were patented by Charles Fritts in 1883, and Bell Laboratories created the first commercially viable silicone solar panels in 1954. Yet, despite solar power’s long-established presence, it remains a key component of current sustainable energy strategies and an important contributor to commercial ESG performance. Advancements in solar technology, and governmental policy shifts, are making solar energy an even more valuable sustainability initiative for UK businesses.
July 29, 2025
Tom Cooper Raconteur Magazine

Materiality: the new measure of sustainability

Materiality is used to judge the impact that a specific business risk or opportunity could have on a company and its shareholders, typically in financial terms, and therefore whether they should include it in corporate reports. For example, the cost of switching suppliers post-Brexit could be large and may affect your profits and shareholders’ decisions. But the cost of choosing one item of stationery over another is small and therefore immaterial. Insufficient data can undoubtedly lead to an inaccurate picture of ESG impacts and perceptions of greenwashing. Determining non-financial materiality is littered with challenges. “It tends to take three years…
July 28, 2025