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Blogs and News
Overcoming the Challenges of KYB Compliance
Know Your Business Partner compliance is an integral component of modern business interactions, not only in financial institutions. It, however, presents some critical challenges which
Why Double Materiality Matters in ESG and Sustainability Reporting
Corporate sustainability is shifting beyond just financial performance. Companies are now expected to account for their environmental and social impacts as well. The concept
A Guide to The European Green Deal’s Ecodesign for Sustainable Products Regulation (ESPR)
The Ecodesign for Sustainable Products Regulation (ESPR) was proposed by the European Commission (EC) on 30 March 2022. It is part of the European
Understanding the EU’s Digital Product Passport
In 2024, the European Union (EU) will start a new regulation that requires almost all products sold in the EU to have a Digital
Understanding the New EU Deforestation Regulation
Starting 30 December 2024, the EU Deforestation Regulation (EUDR) will be in full effect. This new rule requires companies selling products in the EU
The difference between reputational risks and negative media reports (adverse media)
What are “reputational risks”? Reputational risks are all potentially damaging effects on reputation, whether through actions, behaviour, or relationships. The risks stem from various
EU Fights Forced Labour with New Regulation
On 23 April 2024, the EU Parliament agreed on new regulations that ban selling, importing, and exporting products made using forced labour. The regulations
The Final CSDDD Agreement: Key Changes and Implications
The European Union (EU) has been working for years on the Corporate Sustainability Due Diligence Directive (CSDDD), and after extensive negotiations and compromises, a
The Implications of CSRD for Non-EU Companies
The EU’s Corporate Sustainability Reporting Directive (CSRD) is now officially the law of the land in EU member states. It was entered into force
Carbon Emission Scopes: Origins, Measurements, and their Integration into EU-CSRD
The year 2023 was a record-breaking one, becoming the hottest year in recorded history, according to the World Meteorological Organization (WMO). Efforts have been
Exploring Downstream and Upstream Emissions in the Context of EU-CSRD
There is a lot of buzz in commercial circles concerning the new environmental sustainability regulatory reporting requirements that are set to become effective in
EU Council, Parliament Agree on Update to Anti-Money Laundering and Terrorist Financing Directives
The Council and Parliament’s provisional agreement on parts of a comprehensive package to combat money laundering and terrorist financing places a strong focus on
The Role of CSRD in Measuring and Ultimately Reducing the Carbon Footprint
The new sustainability reporting requirements for the Corporate Sustainability Reporting Directive (CSRD) are now in effect. This phase will impact primarily larger EU and
Possible effects of the new EU Corporate Sustainability Due Diligence Directive (EU-CSDDD) on the German LkSG
On 15 March 2024, the Council of the European Union confirmed the EU Supply Chain Directive (Corporate Sustainability Due Diligence Directive, EU-CSDDD). Lengthy negotiations
Net Zero Reporting Requirements Under CSRD
The term “Net Zero” has been a part of the public conversation for nearly two decades, but do we really know what the term
Exploring the Advantages, Challenges, and Potential of Renewable Energy
Renewable energy has emerged as a key player in the global transition to a more sustainable and environmentally friendly energy landscape. As we strive
A Deep Dive into Renewable Energy That Empowers Tomorrow
More than ever, it’s clear that sustainable energy sources are essential to improving the environment and decreasing the adverse effects of climate change. According to
The Advantages of Net Zero to Unlocking Business Growth
In the 21st century, the impact of climate change has become a critical issue demanding attention from every sector of society. The concept of
Steps, Challenges, and Collaborative Solutions to Achieving Net Zero
The imperative of achieving net zero greenhouse emissions lies at the core of addressing the climate crisis, aiming to cap global warming at 1.5°C
Net Zero: Bridging the Climate Gap
In recent years, the concept of ‘net zero’ has emerged as a pivotal point in global conversations surrounding climate change and energy sustainability. However,
What are “Net Zero” and “Real Zero”?
The battle against climate change is full of confusing terminology that corporations and governments worldwide use to conceal their lack of action and accountability.
Balancing Tradition and Transformation: Traditional vs. Germany’s Supply Chain Due Diligence Act (SCDDA)-Inspired Risk Management
In the ever-evolving landscape of global commerce, the interplay between tradition and transformation is particularly evident in how companies approach risk management. This article
The Synergy Between SCDDA and EU-CSDDD
As a member of the European Union, Germany has played a significant role in shaping many of its economic and environmental directives. This influence
Decoding the EU Corporate Sustainability Due Diligence Directive: Implications and Obligations
“Sustainability” extends far beyond environmental concerns, encompassing a broader spectrum of issues, including human rights. Recognizing the pivotal role businesses can play in safeguarding the
An Analysis of Germany’s Supply Chain Due Diligence Act (SCDDA)
In recent years, there has been a growing global concern for ethical and sustainable business practices, leading to the emergence of various initiatives and
Germany’s SCDDA and the EU-CSDDD in Supply Chain Due Diligence
Supply chains enable products to reach consumers worldwide in the intricate web of global commerce. Despite this interconnectedness, supply chains are responsible for upholding
Trustnet.Trade: Know-How database with easy access to further information
📚 Knowledge is power: Sustainable supply chains made easy! 📚 At Trustnet.Trade, the innovative solution for the Supply Chain Due Diligence Act (LkSG), we
Trustnet.Trade: Granular settings to meet the specific requirements of each company
🔧 Simply start or customise down to the last detail: Trustnet.Trade adapts to you! 🔧 Trustnet.Trade, the innovative solution for the Supply Chain Sourcing
Trustnet.Trade: Audit-proof Documentation
📜 Preserve your data and decisions for the future! 📜 At Trustnet.Trade, the innovative solution for the Supply Chain Due Diligence Act (LkSG), we
Trustnet.Trade: On-site checks by local experts
🌏 Local expertise for global prevention! 🌏 At Trustnet.Trade, the innovative solution for the Supply Chain Due Diligence Act (LkSG), we rely on local