Category: News

June 21, 2023

Corporate Sustainability Reporting Directive (CSRD) explained

Corporate Sustainability Reporting Directive (CSRD) is in action since January 2023. CSRD will strengthen and standardize the rules for how companies are required to report on their social and environmental activities and their impact on people and the planet. Currently Corporate Sustainability Reporting Directive impacts approximately 50 000 companies in Europe.

CSRD timeline and what to expect in the future

The Corporate Sustainability Reporting Directive applies to companies in the following order:

From January 2024, listed companies with more than 500 people (i.e. those already covered by the NFRD are obliged to prepare a statement of non-financial information and publish information according to the EU taxonomy).
From January 2025, listed and unlisted companies that meet at least two of the following criteria: more than 250 employees, revenue of 20 million euros or more than 40 million euros in turnover.
Listed SMEs from 1 January 2026.
From January 2028 CSRD expands to third-country companies with turnover over 150 million euros.

Companies subject to the CSRD will have to report according to European Sustainability Reporting Standards (ESRS).

ESRS entered a four-week feedback period for the first set of Sustainability Reporting Standards, the feedback period lasts from 9th of June to 7th of July 2023.

These mandatory reporting standards aim to ensure that companies are fully transparent about their impact on people and the environment. The standards will also be a key tool in trying to extinguish green washing. The new standards will assist companies in communicating and managing their sustainability performance more efficiently.

After the four week feedback period, the commission will consider the feedback given and then finalise the standards. When adopted, the standards will be used by companies that are subjected to CSRD (Corporate Sustainability Reporting Directive) reporting requirements. This will be another step forward to the goal to achieve a sustainable EU economy.The requirements for different companies will be phased in gradually, depending on factors such as company size and revenue.

Additionally, all sustainability reports must be verified by an independent assurance provider, to ensurereliable information. CSRD also supports and requires reporting in digital format.

Prepare now for CSRD reporting

In 2023 prepare reporting systems. Ensure you have clear Key Performance Indicators (KPI’s), goals and a plan in place for 2024 reporting requirements.

In 2024 gather data trough out the year for 2025 reporting and review it with your accountant. Note, if your company is subjected to NFRD you are required to report on 2024 data in 2025.

In 2025 review your reporting activities and systems to establish or improve for 2026 reporting. It is also good to note that many companies that are not yet in the scope of CSRD will have to report for the companies that are in the scope because they need information about their supply chain’s impacts.

Corporate Sustainability Reporting Directive reporting requirements

CSRD is adding requirements on top of the Non-Financial Reporting Directive (NFRD). According to the NFRD, large companies must report on:

environmental matters
social matters and treatment of employees
respect for human rights
anti-corruption and bribery
diversity on company boards (in terms of age, gender, educational and professional background)

With the Corporate Sustainability Reporting Directive companies need to also report on:

governance relating to sustainability impacts, risks and opportunities
impacts of sustainability-related risks and opportunities on the company’s strategy, business and financial planning
processes for identifying and assessing sustainability impacts, risks and opportunities
metrics and targets that are used to assess and manage sustainability risks and opportunities

Corporate Sustainability Reporting Directive impact on business strategy

Sustainability will in the future have a bigger role in the evaluation of companies. In addition to the reporting obligations, CSRD sets other requirements for companies. For example, in the future companies must plan how to take climate and other sustainability risks into account in the business model and strategy, as well as the transition to a climate-neutral economy.

The role of the company’s management and board of directors must now be strengthened in accordance with sustainability goals. The interest of customers and investors in responsible and environmentally sustainable businesses has grown. This contributes to the financing companies receive for sustainable and responsible projects.

The direction is clear even for those who have not yet been able to participate in creating responsible businesses. Common sustainable development rules accelerate the market, creating new growth opportunities for companies.

Large companies are already obliged to annually publish information on how much of their operations are in line with the EU taxonomy’s climate and environmental goals. The first EU taxonomy reporting was due in the first months of 2023.

Benefits of CSRD directive

According to the European Parliament, The CSRD will improve the existing legislation (NFRD) by requiring more detailed information from companies’ impact on the environment, human rights and social standards, that are in line with the EU’s climate goals.

What we can expect from adapting to CSRD is

Standardized reporting on companies’ activities on people and the planet, therefore providing the opportunity to compare sustainability reports to one another.
Direct finances and investments to activities and businesses that create a positive or ‘net-zero’ impact on the planet and people.
CSRD pushes management to adapt to or improve their strategies to be aligned with sustainability and EU climate goals.
CSRD enforces companies’ capability to mitigate risks, such as climate risks that will help companies to ensure longevity.

Adapting to CSRD requirements as soon as possible is recommended, due to the vast scope of the directive. Where to start from depends on the company’s status with sustainability matters and how well they are documented and reported in the past.

Building a reporting system with Double Materiality assessment is a highly recommended starting point as it is required in the directive to be analysed.

If you wish to talk more about CSRD, don’t hesitate to contact us below or send an email to info@ecobio.fi.

June 16, 2023

A four-week feedback period on the first set of Sustainability Reporting Standards has been launched

The EU Commission launched a four week feedback period on the first set of Sustainability Reporting Standards. The feedback period lasts from 9th of June to 7th of July 2023.

These mandatory Reporting Standards aim to ensure that companies are fully transparent about their impact on people and the environment. The standards will also be a key tool in trying to extinguish green washing. The new standards will assist companies in communicating and managing their sustainability performance more efficiently.

The requirements for different companies will be phased in gradually, depending on factors such as company size etc.

Are you interested in knowing more?

March 23, 2023

The 2023 IPCC AR6 Synthesis Report: a final wake-up call for Climate Action

The Intergovernmental Panel on Climate Change (IPCC) has released its latest report on the state of the planet’s climate “2023 IPCC AR6 Synthesis Report “. The report, which was compiled by hundreds of scientists from around the world, provides a stark warning about the urgent need to address the climate crisis.

The report concludes that human activity, particularly the burning of fossil fuels, is driving unprecedented changes in the Earth’s climate system, resulting in rising temperatures, sea level rise, and more frequent and intense weather events. These changes significantly impact ecosystems, food systems, and human health and well-being.

The 2023 IPCC AR6 Synthesis Report – Key Findings:

The earth is warming at an unprecedented rate

Human influence has warmed the climate at an unprecedented rate in the 21st century, and the current warming is highly likely to exceed 1.5°C above pre-industrial levels in the next two decades. Limiting global warming to 1.5°C above pre-industrial levels will require rapid, far-reaching, and unprecedented changes in all aspects of society, including the energy, land, and industrial sectors.

Immediate, rapid, and large-scale reductions in greenhouse gas emissions are needed to limit global warming to 1.5°C and mitigate the worst impacts of climate change. Adapting to the impacts of climate change is also essential, particularly for vulnerable communities and ecosystems.

The impacts of climate change are already being felt around the world.

The report highlights that climate change is not some far-off threat, but rather a present-day reality that is already having significant impacts on people and the planet. These impacts include more frequent and severe heatwaves, droughts, floods, and wildfires, as well as rising sea levels and ocean acidification.

There is a narrow window of opportunity to prevent the worst impacts of climate change.

Despite the bleak picture painted by the report, there is still hope. The report notes that we still have a narrow window of opportunity to prevent the worst impacts of climate change. However, this will require immediate and decisive action from governments, businesses, and individuals around the world.

The message of the IPCC report is clear for business managers like you

One of the report’s key messages is that the world is already experiencing the impacts of climate change which will only worsen in the coming decades, even if we take immediate and ambitious action to reduce greenhouse gas emissions.

However, the report also emphasises that the worst impacts of climate change can still be avoided if we act quickly and decisively to limit global warming to 1.5°C above pre-industrial levels. For the business sector, this means that management must prioritise sustainability and invest in renewable energy and low-carbon technologies.

For sustainable business operations, it is essential to conduct a comprehensive risk assessment for adapting to climate change.

Reducing emissions is an absolute requirement for a company’s business operations and throughout the value chain (scope 1, 2, 3). It is recommended that corporate management set science-based climate goals on their agenda already this spring.
Considering biodiversity alongside climate goals is equally important in developing a company’s sustainability strategy. Companies should identify how their operations affect biodiversity and make a plan to minimise those impacts.

Lastly, the scientific evidence presented in the IPCC report reinforces the ambitious requirements already adopted by the EU for complying with the climate goals of the Paris Agreement. Limiting global warming to 1.5 degrees Celsius also requires companies to take action to reduce emissions across all economic sectors.

The IPCC report is a wake-up call for all of us

We must act now to address the climate crisis before it’s too late. Here are some things you can do to help:

Reduce your company’s carbon footprint by investing in energy-efficient technologies, using renewable energy sources, and implementing sustainable business practices.
Support political candidates and policies prioritising climate action and promoting a sustainable business environment.
Join a local climate organization or advocacy group to collaborate with like-minded businesses and individuals and advance the movement for climate justice.
Educate your employees and customers on the importance of sustainable practices and the impact of climate change and encourage them to adopt environmentally responsible behaviours.
Take part in industry-wide initiatives to reduce carbon emissions and promote sustainable business practices, such as participating in carbon markets or joining industry associations dedicated to climate action. Such as Science-based targets.

Together, we can create a sustainable and just future for ourselves and future generations.

To continue this conversation, send us an email via the form below.

Writer: Terhi Valtonen, Senior sustainability consultant, M.sc. (Admin)

IPCC 2023 AR6 Longer report

February 10, 2023

The science-based target for Nature – at the core of business strategy

The science-based target for Nature (SBTs for Nature) is leadership’s next must-have. Biodiversity loss and degradation of nature are increasing; therefore, businesses need to take biodiversity into account when creating their strategies and sustainability reports.

Biodiversity loss influences ecosystems, species extinction and the natural resources humans need. Companies working in forestry, farming, convenience, and infrastructure industry will be impacted first.

Science-based Targets (SBTs)

Science-based Target (SBT) mean emission reduction targets that are lined with the Paris Climate Agreement: targets support limiting global warming to well below 2°C compared to pre-industrial times and support efforts to limit warming to 1.5°C. With SBTs you know exactly how much and how fast you need to cut your greenhouse gas emissions.

Science-based means acting within limits of the earth’s carrying capacity that are favorable and safe for nature and humans, and determined by scientifically studied information. Additionally, target needs to be measurable, time-bound and impact the company’s activities.

The most known SBTs are Science-based Targets for Climate. SBT for Climate is widely known and globally used by various companies. The initiative is based on science-backed knowledge of how to cut greenhouse gas emissions globally to preserve living conditions. Companies committed to SBTs achieve on average better results than those not committed to SBTs.

What are science-based targets for Nature?

Science-based Target Network, SBTN, is preparing a Science-based target for Nature (SBT for Nature) model for companies, just like the Science-based target for Climate (SBT for Climate). In the SBT for Nature, companies will find guidelines for leading and reporting on companies’ actions to prevent future biodiversity loss.

The model will include the following steps:

Evaluate. Carry out a materiality assessment. Look at the business value chain.
Interpret and prioritize. Identify the affected areas. Prioritize.
Measure, set goals & report. Set the base level. Plan your observation. Set goals. Report baseline and goals.
Act. First of all, avoid adverse effects. Reduce them. Protect and restore. Convert.
Track the impact of your results. Report. Verify.

SBT for Nature will cover biodiversity, freshwater, ocean, and land. The model is still under development, currently, the principles, elements and guidelines are being tested. The first part of SBT for Nature V1, is published in March 2023

How does Science-based Target for Nature differ from SBT for Climate?

Science-based Targets for Climate aims to stop global warming to 1.5 degrees Celsius in accordance with the Paris climate agreement. Companies committed to climate goals have one clear goal, reducing greenhouse emissions. How the goals are achieved is freely up to the companies, and progress is easy to measure.

Currently, there is no global goal to protect nature, as there is for the climate. Prevention of biodiversity loss is location-bound, both in terms of influencers and consequences. Reducing greenhouse emissions is not location-bound.

The decrease in biodiversity is accelerated by changing, diverse and interacting factors. Biodiversity loss does not manifest itself in the same way globally, in which case protecting biodiversity and monitoring progress requires location-related goals.

SBT for Nature considers several different dimensions: water bodies, and the well-being of the soil and the seas, and requires site-specific plans and goals. Companies must therefore have separate goals for the use of fresh water, pollution of fresh water and so on.

Ecobio’s biodiversity services for companies

We offer biodiversity services ranging from research to leadership consulting. The expertise of Ecobio’s biodiversity team is created at the intersection of many disciplines – from the cooperation of specialists in biology, geography and management.

We will be happy to discuss more how you can move forward in taking nature into account in your business.

Ecobio is the expert partner of leading companies in biodiversity.

We help you balance business and nature.

January 24, 2023

New interpretation and guidance on screening criteria and reporting

On Monday 19.12 the EU Commission published two draft Commission Notices, one providing interpretation and implementation guidance on the EU Taxonomy Climate Delegated Act and one providing interpretation and implementation guidance on the Disclosures Delegated Act.

The Commission Notices complements previous guidance provided on reporting of Taxonomy-eligible economic activities and an earlier Commission Notice on the Disclosures delegated act. While the previous guidance focused attention on Taxonomy-eligible activities, the new drafts focus on the application of the technical screening criteria and reporting Taxonomy-aligned economic activities. The aim of the new documents is to clarify the existing provisions, but do not expand or add additional requirements.

Draft Commission Notice on the interpretation and implementation of certain legal provisions of the EU Taxonomy Disclosures Delegated Act

The Commission Notice on the Disclosures Delegated act answers FAQs and aims to assist non-financial companies with the reporting requirements under the Disclosures Delegated Act. Topics covered include general questions and questions on the turnover KPI, the capex KPI and the opex KPI specifically. General questions cover for example reporting on activities under the Complementary Climate Delegated Act (nuclear energy and fossil gas), the impact of CSRD, accounting for “double-counting”, and consolidation of KPIs on group level.

Do you want to learn more about the EU Taxonomy?

Read our FAQ about EU Taxonomy here.

January 10, 2023

Sustainability reporting in Europe – All you need to know

Every year sustainability reporting in Europe for companies operating in the European Union accelerates. Below you can read the key points of corporate sustainability reporting that are valid today and in the future.

EU Green Deal

Climate change and biodiversity degradation pose a threat to Europe and the world. To prevent aggravating climate change further and to overcome the challenges caused by climate change and biodiversity loss, the European Union established a European Green Deal.

The EU Green Deal’s short-term goals are:

Europe to be the first climate-neutral continent by 2050
Cut greenhouse gas emissions by 55% compared to 1990-levels
3 billion trees planted in the EU by 2030

In the long term the Green Deal aims to transform the EU into a modern, resource-efficient and competitive economy, ensuring:

no net emissions of greenhouse gases by 2050
economic growth decoupled from resource use
no person and no place is left behind

Corporate Sustainability Reporting in Europe

Under EU law large companies are obligated to report annually on company operations and how a company manages social and environmental challenges. The sustainability reporting regulations help to direct financing towards sustainable companies and activities, supporting the EU Green Deal goals for 2030 and 2050.

A key contribution to achieving the European Green Deal goals is to improve the data on the sustainability risks companies are exposed to and their impact on people and the environment. Improved data requires improved and mandatory corporate reporting on these issues.

Today, approximately 12000 public-listed companies are required to report, however, by 2027 over 50 000 companies will be impacted by European sustainability standards under the Corporate Sustainability Reporting Directive (CSRD).

All large companies (stock market lister or not) will have to adhere to the European sustainability standards, already reporting companies from 2025 and large companies currently not reporting from 2026.
Listed SMEs will have time until 2027 to adapt to coming reporting standards and requirements.
The reporting requirements will also cover companies with headquarters outside the EU with over 150€ million in turnover in the EU from 2029.

European sustainability reporting standards

The European Sustainability Reporting Standards (ESRS) specify the obligations of the Corporate Sustainability Reporting Directive (CSRD).

The ESRS define the minimum level of mandatory corporate responsibility information for companies. All companies report in addition to the general principles related to sustainable business operations:

strategy and business model
sustainability effects
sustainability risks and opportunities.

The standards were prepared with the choices of various stakeholders, the European financial reporting advisory group EFRAG in November the second set of EU sustainability reporting standards. Based on these 12 standard drafts, the commission will publish this standard in the summer of 2023. Read more here.

Mandatory reporting requirements

In 2023, the first round of full EU taxonomy reporting was required from companies reporting under the NFRD. From 2024 onwards, the scope of the EU taxonomy will expand as the Corporate Sustainability Reporting Directive (CSRD) is implemented, requiring more and more companies to include EU Taxonomy information in their sustainability reporting.

Corporate Sustainability Reporting Directive (CSRD)

With CSRD reporting, a larger part of companies operating in the EU will be covered by taxonomy reporting, and in addition, companies must publish more detailed information in connection with their activity report, e.g., about the environmental and social impacts of their business.

The CSRD scope:

Starting from 1 January 2024, all listed companies that employ more than 500 people (i.e. those that are already covered by the NFRD and are obliged to prepare a statement of non-financial information and to publish information according to the EU taxonomy).
From January 1, 2025, listed and unlisted companies with more than 250 employees and more than €40 M in turnover.
SMEs listed from 1 January 2026.
Third-country companies with net turnover above 150 million in the EU from 1 January 2029.

5 steps to prepare for CSRD – read more here

EU Taxonomy

EU taxonomy is part of the EU Green Deal, which aims to promote the EU carbon neutrality targets by 2050. EU taxonomy requires companies to classify their environmentally sustainable activities and investments. The aim of the Taxonomy is to get the financial market to direct investments towards more environmentally sustainable solutions.

As of January 2023, companies must assess the sustainability of their economic activities. This must happen in accordance with the technical screening criteria for the EU taxonomy climate goals.

EU Taxonomy in a nutshell – Read more here.

EU’s Directive on Corporate Sustainability Due Diligence (CSDD)

In February 2022, the European Commission proposed a Directive on corporate sustainability due diligence (CSDD). CSDD places companies with a key role in building a sustainable economy and society in the EU and complements several current sustainability reporting legislation, such as the CSRD, the Sustainable Finance Disclosure Regulation and the EU Taxonomy regulation.

Under the CSDD companies are required to:

integrate due diligence into policies;
identify actual or potential adverse human rights and environmental impacts;
prevent or mitigate potential impacts;
bring to an end or minimise actual impacts;
establish and maintain a complaints procedure;
monitor the effectiveness of the due diligence policy and measures;
and publicly communicate on due diligence.

The future of sustainability reporting

As sustainability reporting within Europe continues to develop, the legal and mandatory reporting requirements and due diligence work within the EU will increase. The EU aims to set a global standard for sustainability work and key features of sustainability reporting will have an impact outside the EU, encouraging the rest of the world to follow suit.

European countries outside the EU will most probably incorporate, or at least benefit from voluntary reporting from an early stage due to higher market pressure. All third-country companies with EU subsidiaries will have to report sustainability information based on CSRD from 2029, thereby affecting companies also on other continents.

The immediate next steps of future sustainability reporting in Europe include the adaption of the Corporate Due Diligence Directive and the addition of activities under the EU Taxonomy regulation. The EU has high ambitions for setting a legal framework to achieve the goals of the European Green Deal and combat the most threatening sustainability risks that impact our societies today.

Sources

https://www.consilium.europa.eu/en/press/press-releases/2022/11/28/council-gives-final-green-light-to-corporate-sustainability-reporting-directive/

https://ec.europa.eu/commission/presscorner/detail/en/ip_22_1145

November 9, 2022

Mitigation of climate change requires actions from companies and individuals

The third section of the sixth assessment report published in April by the International Climate Panel IPCC focuses on climate change mitigation and adaptation measures. As presented in the report on the effects of climate change published at the end of February, the time window for curbing the effects of climate change is closing. The increase in greenhouse gases in the atmosphere caused by human activities has been faster and stronger than predicted. Limiting warming to 1.5 degrees is starting to look even more unreal.

Mitigation of climate change in different sectors

The IPCC presents a number of ways to mitigate the effects of warming in different sectors and the emission reduction potential of these ways on an annual basis in different scenarios. For example, in industry, the capture and storage or use of carbon dioxide elsewhere could be useful when the carbon dioxide released from production plants could be directly collected. Carbon dioxide produces use elsewhere or it stores an alternative in the soil or long-lived materials of the trot. Large-scale recovery does not have a very high emission reduction potential on an annual basis and it is, at least for the time being, quite expensive. Better opportunities to reduce emissions are by changing very fossil fuels to bio-based, hydrogen and its derivatives or completely electric alternatives. Energy and material efficiency measures are also fairly inexpensive ways to reduce large amounts of emissions.

In energy production, agriculture and at the individual level, emission reduction is the most effective

According to the IPCC, the biggest emission reduction opportunities are related to energy production with wind and solar power. Increasing these production methods would reduce emissions by several gigatons annually, and the solutions would be quite inexpensive compared to almost all other solutions from different industries presented in the report.

In addition to energy production, solutions in agriculture and forestry are particularly effective in terms of mitigating climate change: sequestering carbon in the soil in agriculture, sustainable forest management, afforestation and restoring ecosystems would reduce emissions substantially every year. If farming were to be enhanced, for example, through arable forestry or farming methods that bind carbon to the soil, many natural forests would not need to be converted to agricultural use, and as the surface area in agricultural use decreases, previously used areas could be restored and thus improve their carbon sequestration capacity.

A decrease in the area of land used for agriculture would be possible not only by making cultivation more efficient. It could also be possible by globally changing the diet to be more sustainable. The report emphasizes that the mitigation of climate change is surprisingly largely also dependent on individual choices. By 2050, effective measures on the demand side between different sectors could reduce emissions by up to 40–70% of what emissions have been predicted to be in 2050 with current measures.

A plant-based diet can effectively reduce greenhouse gas emissions. Buying more material- and energy-efficient consumer products and using public transport would also have effects.

The electrification of public transport can reduce emissions. Improvements on the public transport infrastructure can also lead to more usage. Increasing remote work or recycling also curbs climate change. Although their emission reduction potential is clearly lower than other measures, especially sustainable dietary changes.

“Several means of controlling climate change not only reduce greenhouse gas emissions, but also improve air quality and human health, increase biodiversity and can also at best, for example, increase equality and improve food security”

Co-benefits can be obtained from containment measures

The report also highlights construction-related emission reduction opportunities, such as the construction of new buildings from low-carbon and long-lasting materials. Renovating existing buildings and adding carbon-sequestering materials and surfaces such as green roofs would reduce emissions. Increasing green surfaces and areas, especially in cities, mitigates the urban island phenomenon, where city centres heat up more than the surrounding areas due to many reflective and heat-trapping surfaces. In addition, green areas curb flooding during heavy rains.

Several measures to control climate change are needed. We need to reduce greenhouse gas emissions to stop the climate change. We also have to improve air quality and people’s health, increase biodiversity. By doing this it could lead to an increase in equality and improve food security. The report emphasizes that it is possible that the mitigation of climate change through various ambitious goals and measures may cause a positive chain reaction, in which emission reductions feed each other. The actions of individual people and a change in attitude are also of great importance.

REDUCE EMISSIONS TOGETHER WITH ECOBIO

Together with Ecobio’s experts, your company can develop the best and most suitable means of reducing emissions.

Ecobio can for example help with:

reducing company-level emissions with the help of carbon footprint calculations and various low-carbon road maps
increasing material efficiency with the help of life cycle calculations

Contact us below!

November 9, 2022

CSRD reporting – the new obligations accelerate companies’ sustainable business activities

The negotiations regarding the Corporate Sustainability Reporting Directive (CSRD reporting) were concluded at the EU level just before Midsummer in 2022. Large companies are already obliged to annually publish information on how much of their operations are in line with the taxonomy’s climate and environmental goals.

CSRD reporting is gradually affecting different sized companies The scope includes:

Starting from 1 January 2024, listed companies employing more than 500 people (i.e. those that are already covered by the NFRD and are obliged to prepare a statement of non-financial information and to publish information according to the EU taxonomy).
From January 1, 2025, listed and unlisted companies with more than 250 employees and more than €40 M in turnover.
SMEs listed from 1 January 2026.

The reporting is carried out in accordance with the European sustainability reporting standards, which are still being prepared. To ensure reliable information, sustainability reports must be certified by an independent inspector in the future.

CSRD reporting increases companies’ sustainability requirements

The role of the company’s management and board of directors must now be strengthened in accordance with sustainability goals. The interest of customers and investors in responsible and environmentally sustainable business has grown. This contributes to the financing companies receive for sustainable and responsible projects.

Ecobio’s experts help your company with strategy preparation and sustainability reporting

Pioneering companies find value instead of costs in production that puts less strain on the environment. Your company should start with a materiality assessment. This allows you to draw up a sustainability action plan and focus on the most relevant sustainability factors.

We help your company draw up a strategy that makes sustainability an essential part of the core of the business model and strategy. With our help, your company can find risks and opportunities, take goals to a practical level in good time, and be among the first to report on sustainable operations.

Ecobio in partnership with Sustainable Business | Join us on 16.11.2022

Sustainable Business is a one-day event that brings together sustainability professionals from the Nordics. For five hours, the keynotes and conversation will cover financing green transition, net-zero, EU taxonomy and so much more.

Sustainable Business – what to expect

Ecobio is presented in full force, and a team of our experts will be attending the event to learn and connect with you.

If you are attending, take advantage of the possibility to start a conversation with us on Science-Based targets, carbon-neutral business, sustainability strategy, reporting requirements – or with any questions related to sustainability and business. With over 30 years of experience in helping companies with sustainability objectives, we are confident that together we can find answers to your questions.

Keynote and deep dive discussion

Ecobio’s expert Terhi Valtonen will be speaking on the big (virtual) stage at 1.45 p.m EET, on EU Taxonomy.

EU taxonomy for green and sustainable activities

EU Taxonomy classification and reporting of sustainable economic activities
Aiming further than just to be compliant with the ESG disclosure obligations
Digital reporting strengthens the use of sustainability data and offers cost savings for companies and users

Dig deeper with Katrine Hoset.

For 30 minutes our expert Katrine will host a conversation about EU Taxonomy, discussing and sharing insights on what to consider with the reporting process. While the EU taxonomy reporting is not a “one size fits all” process, there is a way to standardize and unify the reporting – digitalization. We highly recommend you join Katrine for this half an hour, to prepare yourself for the coming reporting season.

May 31, 2022

Ecobio appoints two new board members!

Ecobio celebrates its 33rd birthday by welcoming two new board members to support Ecobio’s success journey for the next three decades.

Only last week Ecobio celebrated the over three decades-long journey of making the world a better place by helping companies around the world with their sustainable activities. Today we are also known for our Ecobio Manager, an advanced SaaS for managing corporate sustainability.

“Ecobio aims for a strong position in the digitalization of corporate sustainability as well as sustainability consultancy in the European market. Therefore, we have complemented our board with two high-level members, Martti Hedman and Fredrik Rönnlund, with backgrounds in SaaS and international business management”, Ecobio’s founder and president Sanna Perkiö, D.Sc., commented. “I’m sure, that the new board will stimulate the growth and profitability of Ecobio.”

As Ecobio looks forward to another successful 30 years, we continue to rely on our purpose that was set over 30-years ago.

Our mission

We are changing the world with the help of our sustainability services for companies.

Our vision

Companies find a balance between their business goals and the well-being of nature.

Our promise

We help you balance business and nature.

Ecobio Manager and EU-Taxonomy leading the way

The future growth of Ecobio Manager and its EU-Taxonomy solution will be leading Ecobio’s journey for the next years.

“Ecobio Manager is the world’s first comprehensive taxonomy solution including a smooth classification process and up-to-date legal databases, as well as an environmental risk assessment protocol. So far, there has been no service with similar coverage in the global market.”

– Sanna Perkiö, D.Sc., founder, and the Head of Development of Ecobio.

We are certain that with the support of Martti Hedman and Fredrik Rönnlund, the journey ahead is even brighter.

“My joint path with Ecobio started last year as Advisor. I was immediately impressed by Ecobio’s expertise in the various areas of corporate responsibility. I am now super excited to join Ecobio’s Board and help the company to offer sustainability-related Consulting and SaaS services around the globe. The new EU wide taxonomy directive provides Ecobio with a great opportunity to support their existing customers, and accelerate its growth.”

– Martti Hedman

“I was deeply impressed by how Ecobio Manager helps corporations collect and communicate concrete acts that contribute to the EU taxonomy objectives. It is an overwhelming task for anyone. But Ecobio Manager manages to make it concrete, better than anything else in the market. This is a mission for the heart, as much as it is one for the mind.“

– Fredrik Rönnlund

Welcome to the team Martti Hedman and Fredrik Rönnlund!