Latest news with #ESRS
Business Upturn
3 days ago
- Business
- Business Upturn
PQE Group Announces Release of 2024 Sustainability Report
Florence, Italy: PQE Group is pleased to announce it has completed and released its 2024 Sustainability Report, which represents a significant milestone for the company as it marks its second report and the first to cover its full global operations. Unlike the previous 2023 edition, which focused solely on its Italian branch, this report provides a comprehensive view of the company's sustainability strategy and impact across all 23 countries where it operates. Its publication was driven by the European Union's Corporate Sustainability Reporting Directive (CSRD), a regulation that requires large companies to disclose detailed information on environmental, social, and governance (ESG) issues in a standardized, transparent, and comparable format. This press release features multimedia. View the full release here: 2024 Pharma Quality Europe Sustainability Report This obligation reflects the EU's broader commitment to aligning economic activity with climate and social goals, and is enforced via national legislation based on directives approved by the European Commission, Parliament, and Council. The technical standards behind the reporting, known as the European Sustainability Reporting Standards (ESRS), were developed by the European Financial Reporting Advisory Group (EFRAG) and are designed to help companies assess and communicate both their impacts on the world and the risks sustainability challenges pose to their business. PQE's report opens with a materiality assessment conducted under the ESRS and Global Reporting Initiative (GRI) frameworks. This process involved stakeholder engagement and identified the most important ESG topics for the company. In environmental matters, PQE Group transparently disclosed comprehensive greenhouse gas (GHG) emissions aligned with ISO 14064-1:2019 standard, detailing Scope 1, direct emissions; Scope 2 indirect emissions from electricity; and Scope 3 indirect emissions, predominantly from business travel. These detailed emissions disclosures demonstrate PQE Group's clear pathway toward a lower carbon footprint. From a social perspective, the company delivered widespread training on inclusive language, DE&I topics, and professional development, while also ensuring safe working environments and fair opportunities for career advancement. Performance evaluations and employee feedback processes were systematized and expanded, and over 2200 internal interviews were performed in 2024. On the governance side, PQE Group strengthened its commitment to ethical business practices through training, due diligence on partners, and the launch of new initiatives such as the Legality Rating application. Regulation has become a critical pillar of stakeholder trust. By reporting in full alignment with the CSRD and ESRS, PQE Group reaffirms its dedication to doing business in a way that is not only legal, but deeply principled and transparent. 'While the European Union has issued the requirement to publish documentation showing compliance with EU Legislation and guidelines provided by EFRAG beginning with 2025, I am pleased that PQE Group voluntarily began to develop this Sustainability Report early, launching its 2023 report reflecting its accomplishments pertaining to sustainability in Italy and now, for 2024, its global Sustainability Report,' said Gilda D'Incerti, CEO & Founder of PQE Group. 'It's a large undertaking, identifying a significant amount of information about our company, it's people, certifications, governance, sustainability initiatives, and more; the results presented in this comprehensive document demonstrate the very important work that PQE has done, and continues to develop, on behalf of maintaining an ongoing focus on sustainability, strong ethics, and company-wide equity based on merit, for Europe and beyond.' About PQE Group PQE Group is a woman-owned leading Life Science consulting firm, providing high-quality solutions in GCP, GLP, GMP, and GDP areas to both industry giants and SMEs worldwide. With a focus on innovation, efficiency, and sustainability and with a global presence through its 23 subsidiaries and 40+ offices located around the world, PQE Group continues to set industry benchmarks and drive positive change in the Life Science sector. The Group's CEO & Founder, Gilda D'Incerti, has recently launched ReSQ-UP, a groundbreaking initiative in the Clinical Research Organizations field, focusing on supporting emerging startups in women's health (FemTech), medical devices, and innovations in the medical cannabis sector. Visit us at PQE Group: Home – PQE Group , and follow PQE Group on LinkedIn , Instagram and Facebook . The full 2024 Sustainability Report is available for download: View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Wire
3 days ago
- Business
- Business Wire
PQE Group Announces Release of 2024 Sustainability Report
FLORENCE, Italy--(BUSINESS WIRE)--PQE Group is pleased to announce it has completed and released its 2024 Sustainability Report, which represents a significant milestone for the company as it marks its second report and the first to cover its full global operations. Unlike the previous 2023 edition, which focused solely on its Italian branch, this report provides a comprehensive view of the company's sustainability strategy and impact across all 23 countries where it operates. Its publication was driven by the European Union's Corporate Sustainability Reporting Directive (CSRD), a regulation that requires large companies to disclose detailed information on environmental, social, and governance (ESG) issues in a standardized, transparent, and comparable format. This obligation reflects the EU's broader commitment to aligning economic activity with climate and social goals, and is enforced via national legislation based on directives approved by the European Commission, Parliament, and Council. The technical standards behind the reporting, known as the European Sustainability Reporting Standards (ESRS), were developed by the European Financial Reporting Advisory Group (EFRAG) and are designed to help companies assess and communicate both their impacts on the world and the risks sustainability challenges pose to their business. PQE's report opens with a materiality assessment conducted under the ESRS and Global Reporting Initiative (GRI) frameworks. This process involved stakeholder engagement and identified the most important ESG topics for the company. In environmental matters, PQE Group transparently disclosed comprehensive greenhouse gas (GHG) emissions aligned with ISO 14064-1:2019 standard, detailing Scope 1, direct emissions; Scope 2 indirect emissions from electricity; and Scope 3 indirect emissions, predominantly from business travel. These detailed emissions disclosures demonstrate PQE Group's clear pathway toward a lower carbon footprint. From a social perspective, the company delivered widespread training on inclusive language, DE&I topics, and professional development, while also ensuring safe working environments and fair opportunities for career advancement. Performance evaluations and employee feedback processes were systematized and expanded, and over 2200 internal interviews were performed in 2024. On the governance side, PQE Group strengthened its commitment to ethical business practices through training, due diligence on partners, and the launch of new initiatives such as the Legality Rating application. Regulation has become a critical pillar of stakeholder trust. By reporting in full alignment with the CSRD and ESRS, PQE Group reaffirms its dedication to doing business in a way that is not only legal, but deeply principled and transparent. ' While the European Union has issued the requirement to publish documentation showing compliance with EU Legislation and guidelines provided by EFR A G beginning with 2025, I am pleased that PQE Group voluntarily began to develop this Sustainability Report early, launching its 2023 report reflecting its accomplishments pertaining to sustainability in Italy and now, for 2024, its global Sustainability Report,' said Gilda D'Incerti, CEO & Founder of PQE Group. ' It's a large undertaking, identifying a significant amount of information about our company, it's people, certifications, governance, sustainability initiatives, and more; the results presented in this comprehensive document demonstrate the very important work that PQE has done, and continues to develop, on behalf of maintaining an ongoing focus on sustainability, strong ethics, and company-wide equity based on merit, for Europe and beyond.' About PQE Group PQE Group is a woman-owned leading Life Science consulting firm, providing high-quality solutions in GCP, GLP, GMP, and GDP areas to both industry giants and SMEs worldwide. With a focus on innovation, efficiency, and sustainability and with a global presence through its 23 subsidiaries and 40+ offices located around the world, PQE Group continues to set industry benchmarks and drive positive change in the Life Science sector. The Group's CEO & Founder, Gilda D'Incerti, has recently launched ReSQ-UP, a groundbreaking initiative in the Clinical Research Organizations field, focusing on supporting emerging startups in women's health (FemTech), medical devices, and innovations in the medical cannabis sector.
Cision Canada
28-05-2025
- Business
- Cision Canada
Socialsuite Unveils First-of-Its-Kind AI-Driven Double Materiality Software for CSRD Compliance
AUSTIN, Texas, May 28, 2025 /CNW/ -- Socialsuite, a leader in sustainability risk management technology, announces the launch of its groundbreaking AI-driven double materiality software —an end-to-end solution designed to help organizations navigate the complexities of the Corporate Sustainability Reporting Directive (CSRD) with confidence. This first-of-its-kind platform combines stakeholder engagement data capabilities with AI-powered benchmarking enabling compliance alignment with ESRS and ISSB standards to revolutionize the mandated double materiality assessment process. "As organizations face increasing regulatory pressure, they need a solution that not only ensures compliance but also streamlines and enhances their materiality risk assessments," said Seth Forman, CEO of Socialsuite. "Our new platform combines cutting-edge AI with collaborative project management tools, helping companies reduce the time and cost of conducting a double materiality assessment by up to 80%." "Socialsuite's platform is filling a major ESG tech stack gap. Its ability to map dependencies, business activities, and relationships across the value chain and digitally connect flexibly score IROs truly sets it apart from other providers" said Jeffrey Crawford, Managing Director of Azuri. Key Benefits and Features End-to-End Management: Eliminate spreadsheets with a structured, collaborative approach that centralizes stakeholder engagement, materiality data, and documentation into one auditable, intuitive platform. AI-Driven Insights: Uses intelligent benchmarking to identify industry trends, assess impacts, risks, and opportunities, and guide strategic decision-making. Compliance Made Simple: Built-in alignment with CSRD and IFRS standards ensures confident and credible reporting. Trusted by Industry Leaders Industry leaders, including in-house sustainability teams and consultants, already recognize the value of Socialsuite's technology in strengthening their double materiality assessments and sustainability strategies. "Socialsuite has been a game-changer for us. Their platform and expertise made our materiality assessment so much smoother and faster. We got deeper insights from stakeholders, which really strengthened our reporting and strategy. Thanks to Socialsuite, we're raising the game in sustainability for our industry." – Renata Lopes, Head of Sustainability at Tabcorp "Socialsuite's combination of innovative technology and expert advisory support helped us navigate the complexities of sustainability in our sector. The materiality assessment process gave us clear insights into the priorities of our stakeholders, eliminating the guesswork and providing us with a strategic roadmap for the future." – Kai Martin, Chief Sustainability Officer at The Pasha Group As organizations worldwide prepare for CSRD mandates, Socialsuite provides a practical, efficient, and scalable solution to one of sustainability reporting's biggest challenges. To learn more about the Socialsuite double materiality software, visit
Yahoo
28-05-2025
- Business
- Yahoo
Socialsuite Unveils First-of-Its-Kind AI-Driven Double Materiality Software for CSRD Compliance
AUSTIN, Texas, May 28, 2025 /PRNewswire/ -- Socialsuite, a leader in sustainability risk management technology, announces the launch of its groundbreaking AI-driven double materiality software —an end-to-end solution designed to help organizations navigate the complexities of the Corporate Sustainability Reporting Directive (CSRD) with confidence. This first-of-its-kind platform combines stakeholder engagement data capabilities with AI-powered benchmarking enabling compliance alignment with ESRS and ISSB standards to revolutionize the mandated double materiality assessment process. "As organizations face increasing regulatory pressure, they need a solution that not only ensures compliance but also streamlines and enhances their materiality risk assessments," said Seth Forman, CEO of Socialsuite. "Our new platform combines cutting-edge AI with collaborative project management tools, helping companies reduce the time and cost of conducting a double materiality assessment by up to 80%." "Socialsuite's platform is filling a major ESG tech stack gap. Its ability to map dependencies, business activities, and relationships across the value chain and digitally connect flexibly score IROs truly sets it apart from other providers" said Jeffrey Crawford, Managing Director of Azuri. Key Benefits and Features End-to-End Management: Eliminate spreadsheets with a structured, collaborative approach that centralizes stakeholder engagement, materiality data, and documentation into one auditable, intuitive platform. AI-Driven Insights: Uses intelligent benchmarking to identify industry trends, assess impacts, risks, and opportunities, and guide strategic decision-making. Compliance Made Simple: Built-in alignment with CSRD and IFRS standards ensures confident and credible reporting. Trusted by Industry Leaders Industry leaders, including in-house sustainability teams and consultants, already recognize the value of Socialsuite's technology in strengthening their double materiality assessments and sustainability strategies. "Socialsuite has been a game-changer for us. Their platform and expertise made our materiality assessment so much smoother and faster. We got deeper insights from stakeholders, which really strengthened our reporting and strategy. Thanks to Socialsuite, we're raising the game in sustainability for our industry." – Renata Lopes, Head of Sustainability at Tabcorp "Socialsuite's combination of innovative technology and expert advisory support helped us navigate the complexities of sustainability in our sector. The materiality assessment process gave us clear insights into the priorities of our stakeholders, eliminating the guesswork and providing us with a strategic roadmap for the future." – Kai Martin, Chief Sustainability Officer at The Pasha Group As organizations worldwide prepare for CSRD mandates, Socialsuite provides a practical, efficient, and scalable solution to one of sustainability reporting's biggest challenges. To learn more about the Socialsuite double materiality software, visit Media Contact: Kate Smith Senior Marketing Associate Socialsuite kate@ View original content: SOURCE Socialsuite
Yahoo
27-05-2025
- Business
- Yahoo
ICAEW calls for alignment with ISSB in ESRS
The Institute of Chartered Accountants in England and Wales (ICAEW) has called for the European Sustainability Reporting Standards (ESRS) to align with and build from the International Sustainability Standards Board's (ISSB) standards. With more than 6,500 ICAEW members situated in the European Economic Area and various UK companies potentially subject to these standards, the organisation emphasised the need for clarity and alignment in sustainability reporting. ICAEW expressed its support for the ambitions of the European Green Deal and the provisions outlined in the Corporate Sustainability Reporting Directive. However, the institute highlighted that the ESRS development in an accelerated manner led to flaws that could weaken the Green Deal objectives. The organisation expressed concerns regarding the principal purpose and objectives of ESRS, which are not easily understood. According to ICAEW, the prescribed information often lacks value for decision-making, and there are contradictions and ambiguities within the standards. Other concerns highlighted by the organisation include the overly detailed requirements which it says are not in line with public messaging on interoperability, and a lack of clarity over important aspects of the double materiality requirements. The European Financial Reporting Advisory Group's (EFRAG) standard-setting process has been unduly rushed, leaving insufficient time to properly consider stakeholder feedback. ICAEW's head of corporate reporting, audit and assurance Nigel Sleigh-Johnson said full alignment with ISSB standards would remove duplication of effort in standard-setting and allow the EFRAG time to focus on addressing the most challenging provisions. Incorporating the ISSB's work could simplify the development of standards applicable beyond the EU, according to Sleigh-Johnson. He also emphasised the importance of aiming for equivalence rather than mere interoperability to foster stakeholder trust in global sustainability reporting. Sleigh-Johnson said: 'We therefore support calls for the European Commission to prioritise the work needed to enable equivalence to be possible.' While acknowledging the pressure on the EFRAG to expedite the workplan, ICAEW insists on due process procedures that ensure quality and stakeholder engagement. These procedures should include a full public consultation and careful consideration of feedback, crucial for the success and credibility of the reporting standards. "ICAEW calls for alignment with ISSB in ESRS" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
