Sustainability and ESG Perspectives | Welcome to our Second Issue!

As sustainability reporting standards, regulatory frameworks and investment trends rapidly evolve, keeping up to date on the latest trends is vital for success.

With one of the most comprehensive backgrounds in the sustainability advisory and attest sector, PKF O’Connor Davies offers extensive and exceptional services to help you navigate this changing landscape.

In this newsletter, we share our perspectives and the latest information on sustainability reporting standards, regulatory trends and sustainable finance.

We hope to inspire, inform and engage you with our quarterly updates in the coming months.

Sustainable Finance

Green Hydrogen -The Vanguard of Sustainable Energy Solutions

By Pratibha Vuppuluri, General Partner, Plum Alley

Green hydrogen, generated from renewable electricity, holds immense promise as a truly sustainable technology. Hydrogen, being the most plentiful molecule in the universe, boasts versatility— it can serve as both a raw material and a source of energy for diverse applications. Green hydrogen stands out as a beacon of sustainable energy, showcasing immense potential to overhaul the prevailing energy paradigms and mitigate human-induced strains on our planetary ecosystems. Read more >>

Sustainability & Climate Reporting Standards

Corporate Sustainability Reporting Directive (CSRD): Challenges and Opportunities

By Sofia Moreno, Partner, PKF Portugal

Corporate Sustainability Reporting Directive (CSRD) requirements must be transposed into the legal framework of each member state by July 5, 2024. It represents an opportunity for the business community by providing the financial sector and public decision-makers with tools that allow them to obtain objective, reliable and comparable information on ESG (Environmental, Social and Governance). Read more >>

Regulatory Landscape

California Governor Signs SB 253 and SB 261 Into Law

By Parth Parikh, Senior Associate

California Governor Gavin Newsom signed two bills into law that would require all covered public and private companies that do business in the state of California to disclose their carbon emissions from all scopes, as well as disclose all climate-related financial risks associated with their business.” Read more >>

California Assembly Bill 1305: Voluntary Carbon Offsets and Carbon Neutrality Claims

Emily M. Berger, Director of Investment Risk Advisory

Governor Newsom enacted California Assembly Bill 1305 (AB 1305) which is focused on voluntary carbon offsets (VCOs) and related net zero claims. Notably AB 1305 is effective on January 1, 2024 and also requires significant public disclosures for all entities operating in the state of California which make net zero, carbon neutrality, or emissions reduction claims.” Read more >>

Expert Viewpoint

The ESG Revolution: Welcome to Carbon Accounting!

By Michael Kraten, Director of Accounting Program Initiatives, C.T. Bauer College of Business, University of Houston

The impact of climate change has motivated companies to respond to government mandates with private sector initiatives to measure and publish the amount of carbon emissions that they are generating from business operations.. Read more >>

Contact Us

We welcome the opportunity to answer any questions you may have related to this topic or any other assurance, technology, tax, or advisory matters relative to sustainability and ESG. Please call or email any of the Sustainability and ESG Services team members below: