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illuminem summarizes for you the essential news of the day. Read the full piece on FinTech Global or enjoy below:
🗞️ Driving the news: Vodafone Business has launched the ESG Navigator in collaboration with Envoria to aid companies in meeting the EU’s Corporate Sustainability Reporting Directive (CSRD) requirements
🔭 The context: The CSRD mandates detailed sustainability disclosures from more companies, necessitating comprehensive reports on environmental impacts, human rights, social standards, and related risks
🌍 Why it matters for the planet: The ESG Navigator helps firms streamline their sustainability management and reporting, supporting compliance with regulations and promoting transparency in environmental and social governance
⏭️ What's next: The tool will assist companies in adhering to the EU Taxonomy and calculating emissions, facilitating better ESG performance and regulatory compliance
💬 One quote: "Sustainability is not just a trend but a necessity for future-proof business models," stated Manja Gerhardt, Senior Innovation Product Manager at Vodafone Business
📈 One stat: The CSRD expands the number of companies required to provide sustainability disclosures to over 50,000 across the EU
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