{
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  "sources": ["ssg:https://framerusercontent.com/modules/auTD19hDaK6Gj7oa1CX1/Spm2Rd9iqRrr2HcRS1kG/HpqY_geCm-3.js"],
  "sourcesContent": ["import{jsx as e,jsxs as t}from\"react/jsx-runtime\";import{Link as i}from\"framer\";import{motion as n}from\"framer-motion\";import*as a from\"react\";export const richText=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/features/automated-reporting\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"ESG reporting\"})}),\" has become a cornerstone for organizations aiming to communicate their sustainability initiatives and ethical business practices. To ensure accurate and effective ESG reports, data collection plays a critical role. Establishing best practices for collecting this data is essential to building reports that are structured, ordered, legible, and transparent. Below are Atlas Metrics' recommended principles for optimizing ESG data collection to ensure a successful reporting cycle.\"]}),/*#__PURE__*/e(\"h2\",{children:\"1. Structure: Organizing Data for Consistency and Comparability\"}),/*#__PURE__*/e(\"p\",{children:\"A structured approach to data collection ensures that information is both organized and coherent. In ESG reporting, companies often gather data from various sources, including environmental metrics, social responsibility initiatives, and governance policies. Without a well-defined structure, this data can become fragmented and difficult to interpret.\"}),/*#__PURE__*/e(\"h4\",{children:\"Best Practices for Structured Data Collection\"}),/*#__PURE__*/t(\"ol\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Establish a Framework\"}),\": Use standardized ESG frameworks, including the GHG Protocol standards for \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/features/carbon-accounting\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"CCF calculations\"})}),\", GRI or TCFD for industry-specific sustainability frameworks, and regulatory standards like \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/csrd-esrs\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"the ESRS under the CSRD regulation\"})}),\". These frameworks offer structured guidelines for categorizing ESG data, making it easier to present and compare results across different reporting periods and industries.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Standardized Metrics\"}),\": Ensure that the metrics used for measuring ESG performance are consistent. For example, carbon emissions should be reported in common units, such as tons of CO2 equivalent, and social impact should be tracked using clear indicators like employee diversity ratios or labor standards compliance.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Consistent Data Sources\"}),\": Identify and rely on consistent data sources to reduce variability in your reporting. Working with trusted suppliers, departments, and external verification systems ensures a more reliable data collection process.\"]})})]}),/*#__PURE__*/e(\"h2\",{children:\"2. Order: Prioritizing Data Collection for Materiality \"}),/*#__PURE__*/e(\"p\",{children:\"The order in which data is collected and reported is equally important. Prioritizing data based on its materiality\u2014how significant it is to stakeholders\u2014ensures that the most relevant information is at the forefront of your report.\"}),/*#__PURE__*/e(\"h4\",{children:\"Best Practices for Ordered Data Collection\"}),/*#__PURE__*/t(\"ol\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Materiality Assessment\"}),\": Conduct a \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/csrd-double-materiality-assessment\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"materiality assessment\"})}),\" to determine the ESG issues that are most relevant to your business and stakeholders. This helps in prioritizing data collection efforts and ensures that the final report focuses on key impact areas.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Strategic Sequencing\"}),\": Gather data in an order that aligns with reporting goals and stakeholder needs. For instance, collect high-priority environmental and social data early, especially if your company operates in industries with significant environmental impact, such as manufacturing or energy.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Phased Collection\"}),\": If data is collected over time, ensure that there is a clear plan for when and how each component is gathered. This phased approach helps avoid last-minute data rushes that may compromise accuracy.\"]})})]}),/*#__PURE__*/e(\"h2\",{children:\"3. Legibility: Making Data Easy to Interpret and Understand\"}),/*#__PURE__*/e(\"p\",{children:\"For ESG reports to have real impact, they need to be legible to both internal and external stakeholders. Legibility in this context refers to presenting data in a way that is easy to read, interpret, and act upon.\"}),/*#__PURE__*/e(\"h4\",{children:\"Best Practices for Legible Data Collection\"}),/*#__PURE__*/t(\"ol\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Clear Definitions\"}),\": Define all ESG metrics and provide context for the data. For example, if reporting on \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/understanding-scope-1-2-and-3-emissions\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Scope 3 emissions, make sure to explain how it differs from Scope 1 and 2 emissions\"})}),\".\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Use Visualizations\"}),\": Utilize charts, graphs, and other visual aids to make complex data easier to digest. Clear visualizations help stakeholders quickly grasp performance trends and comparisons without getting bogged down in raw data.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Consistent Reporting Formats\"}),\": Use templates or software tools to ensure that data is presented in a consistent format across all sections of the report. This minimizes confusion and enhances clarity.\"]})})]}),/*#__PURE__*/e(\"h2\",{children:\"4. Transparency: Ensuring Openness and Accountability\"}),/*#__PURE__*/e(\"p\",{children:\"Transparency is at the heart of effective ESG reporting. It refers to the degree to which stakeholders can trust the accuracy and honesty of the data being presented. Transparent data collection practices foster trust and demonstrate accountability.\"}),/*#__PURE__*/e(\"h4\",{children:\"Best Practices for Transparent Data Collection\"}),/*#__PURE__*/t(\"ol\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Third-Party Verification\"}),\": Where possible, have your ESG data verified by third parties to enhance credibility. External audits or certifications from recognized institutions can validate your data and ensure stakeholders trust the information provided.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Disclose Methodologies\"}),\": Be upfront about how data was collected, including any assumptions made or methodologies used. This allows stakeholders and auditors to understand how conclusions were drawn and assess the reliability of the data.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Address Data Gaps\"}),\": If certain data is unavailable or incomplete, acknowledge the gaps rather than omitting the information. Transparency in reporting what you do and do not have reinforces your commitment to improvement.\"]})})]}),/*#__PURE__*/e(\"p\",{children:\"Adhering to these principles is essential for building credible, actionable ESG reports. By following these best practices, organizations can not only meet regulatory requirements but also demonstrate their commitment to sustainability and ethical governance, building trust among investors, customers, and the broader community.\"}),/*#__PURE__*/e(\"h2\",{children:\"Glossary\"}),/*#__PURE__*/t(\"ol\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"CCF - Corporate Carbon Footprint\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"CSRD - Corporate Sustainability Reporting Directive\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"ESG - Environmental, Social, Governance\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"ESRS - European Sustainability Reporting Standards\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"GHG - Greenhouse Gas\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"GRI - Global Reporting Initiative\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"TCFD - Task Force on Climate-related Financial Disclosures\"})})]})]});export const richText1=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/t(\"p\",{children:[\"On January 29, the European Commission launched the \",/*#__PURE__*/e(i,{href:\"https://commission.europa.eu/document/download/10017eb1-4722-4333-add2-e0ed18105a34_en\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Competitiveness Compass\"})}),\", a five-year strategy aimed at reinforcing the EU\u2019s economic position in an increasingly competitive global landscape. The strategy focuses on enhancing innovation, supporting industry, and simplifying regulation to ensure Europe remains a key player on the global stage.\"]}),/*#__PURE__*/e(\"h2\",{children:\"Why the EU Needs a Competitiveness Boost\"}),/*#__PURE__*/e(\"p\",{children:\"The EU has long been a leader in sustainability, social responsibility, and regulatory oversight. However, economic indicators show that it has struggled to keep pace with major economies like the U.S. and China, particularly in technological innovation and industrial competitiveness.\"}),/*#__PURE__*/t(\"p\",{children:[\"The Competitiveness Compass is a direct response to these growing economic challenges. Reports such as the \",/*#__PURE__*/e(i,{href:\"https://commission.europa.eu/topics/eu-competitiveness/draghi-report_en#paragraph_47059\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/t(n.a,{children:[/*#__PURE__*/e(\"strong\",{children:\"Draghi Report\"}),\" \"]})}),\"and \",/*#__PURE__*/e(i,{href:\"https://www.consilium.europa.eu/media/ny3j24sm/much-more-than-a-market-report-by-enrico-letta.pdf\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:/*#__PURE__*/e(\"strong\",{children:\"Letta Report\"})})}),/*#__PURE__*/e(\"strong\",{children:\" \"}),\"highlight high energy costs, excessive bureaucracy, and fragmented markets as key obstacles to European growth. Meanwhile, industry leaders and policymakers have called for reform through initiatives like the Antwerp Declaration for an Industrial Deal and the Budapest Declaration for a Competitiveness Deal.\"]}),/*#__PURE__*/e(\"p\",{children:\"At stake is more than just economic growth\u2014Europe\u2019s leadership in the green and digital transition while preserving its social market economy is on the line. The Competitiveness Compass aims to address these challenges without compromising sustainability, integrating economic resilience with climate leadership.\"}),/*#__PURE__*/e(\"h2\",{children:\"The Three Pillars of the Strategy\"}),/*#__PURE__*/e(\"p\",{children:\"The Competitiveness Compass focuses on three key priorities:\"}),/*#__PURE__*/t(\"ol\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Closing the Innovation Gap \"}),\"\u2013 The EU must increase R&D investment, support start-ups, and accelerate technology adoption. Key initiatives include an EU Start-up and Scale-up Strategy and an EU Cloud and AI Development Act.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Decarbonization & Competitiveness\"}),\" \u2013 The Clean Industrial Deal will align climate policies with economic growth, including an Affordable Energy Action Plan to lower costs.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Reducing Dependencies & Strengthening Security\"}),\" \u2013 Europe must diversify supply chains, reduce reliance on single suppliers, and enhance economic security through new trade agreements and domestic manufacturing incentives.\"]})})]}),/*#__PURE__*/e(\"h2\",{children:\"Key Initiatives in the Competitiveness Compass\"}),/*#__PURE__*/e(\"p\",{children:\"The Competitiveness Compass introduces several key initiatives designed to boost European businesses while reinforcing the region\u2019s commitment to sustainability and innovation:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Regulatory Simplification\"}),\" \u2013 The Omnibus simplification package will streamline reporting obligations and cut red tape for businesses.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Single Market Expansion\"}),\" \u2013 Removing trade and investment barriers to create a more integrated business environment.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Strategic Investment \"}),\"\u2013 Establishing a Savings and Investments Union to direct European capital toward climate tech, AI, and other key sectors.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Energy & Infrastructure Overhaul \"}),\"\u2013 Deploying clean energy, modernized electric grids, and transport networks to support a low-carbon economy.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Defense & Security Boost \"}),\"\u2013 A White Paper on the Future of European Defense to strengthen Europe\u2019s industrial and economic resilience.\"]})})]}),/*#__PURE__*/e(\"h2\",{children:\"What This Means for ESG and Sustainability Reporting\"}),/*#__PURE__*/e(\"p\",{children:\"Sustainability remains a core pillar of the EU\u2019s strategy, but the Competitiveness Compass recognizes the growing complexity and reporting burden for businesses. In response, the Commission is committed to simplifying sustainability reporting to ensure that requirements remain effective, actionable, and not overly bureaucratic.\"}),/*#__PURE__*/t(\"p\",{children:[\"The first of a series of \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/omnibus-update-march\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Omnibus simplification packages\"})}),\" is set to be released in \",/*#__PURE__*/e(\"strong\",{children:\"February 2025\"}),\" and aims streamline sustainability reporting by:\"]}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Reducing administrative burdens\"}),\" by 25% for all businesses and 35% for SMEs.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Simplifying the Corporate Sustainability Reporting Directive (CSRD)\"}),\" to allow companies to focus on delivering meaningful sustainability data without excessive red tape.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Aligning reporting requirements with investment needs\"}),\", ensuring that financial markets access relevant\u2014but not redundant\u2014ESG data.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Preventing unnecessary trickle-down effects\"}),\", ensuring that smaller companies aren\u2019t indirectly burdened with extensive sustainability reporting due to supply chain obligations.\"]})})]}),/*#__PURE__*/t(\"p\",{children:[\"To refine these regulatory changes, the European Commission will host a closed-door consultation on February 6, followed by a public consultation on February 26. The agenda will cover key regulatory files, including \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/csrd-landing\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"CSRD\"})}),\", \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/csddd\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"CSDDD\"})}),\", \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/navigating-the-eu-taxonomy-in-banking\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"EU Taxonomy\"})}),\", CBAM, and SME-related reporting requirements.\"]}),/*#__PURE__*/e(\"p\",{children:\"By removing inefficiencies and redundancies, the EU aims to maintain high sustainability reporting standards while enabling businesses to focus on innovation and growth rather than excessive compliance.\"}),/*#__PURE__*/e(\"h2\",{children:\"Next Steps\"}),/*#__PURE__*/e(\"p\",{children:\"The European Commission calls on EU institutions, national governments, and businesses to support the Competitiveness Compass. Progress will be tracked through annual reports and policy adjustments to ensure continued alignment with economic and sustainability goals.\"}),/*#__PURE__*/e(\"p\",{children:\"For businesses, this means less regulatory friction, increased access to innovation funding, and clearer sustainability reporting requirements. However, while the first Omnibus simplification package is expected to introduce changes, these will most likely not take immediate effect. With reporting deadlines approaching, companies should continue preparing their sustainability statements according to current regulatory frameworks, such as the CSRD, to remain compliant and avoid disruptions.\"}),/*#__PURE__*/e(\"p\",{children:\"As the EU implements this framework and details on the Omnibus simplification package emerge, businesses must remain agile, track regulatory developments, and engage in consultation opportunities. Leveraging digital tools and smart, data-driven ESG solutions will be key to ensuring compliance, maintaining competitiveness, and preparing for future regulatory shifts.\"})]});export const richText2=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(\"em\",{children:/*#__PURE__*/e(\"strong\",{children:\"Berlin, January 28th 2025\"})})}),/*#__PURE__*/e(\"p\",{children:\"Atlas Metrics, the leading all-in-one platform for ESG compliance and sustainability performance, welcomes Hern\\xe1n Magrini as its new Chief Technology Officer (CTO).\"}),/*#__PURE__*/e(\"p\",{children:\"Hern\\xe1n brings over 15 years of experience scaling mid-sized tech companies and implementing data-driven, compliance-focused technologies. Previously, he served as Senior Engineering Manager at Klarna and Head of Engineering at Miro, where he built high-performing teams, designed scalable architectures, and expanded product and engineering divisions.\"}),/*#__PURE__*/e(\"p\",{children:\"Hern\\xe1n joins Atlas Metrics as CTO at a pivotal moment as the company scales rapidly to meet the growing demand for automated reporting solutions. Under his leadership, Atlas will further expand the engineering team and built out the Atlas platform\u2019s capabilities in automation, AI, secure data sharing, and advanced analytics to help customers reduce costs, mitigate legal risks, and enable organizations to measure and communicate their impact efficiently.\"}),/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(\"em\",{children:\"\u201CWe are incredibly excited to welcome Hern\\xe1n to Atlas. He is an outstanding leader with a remarkable talent for building world-class teams and scalable systems in complex, data-driven environments. Known for setting a high bar for innovation and engineering excellence at Klarna and Miro, Hern\\xe1n is bringing the same standard to Atlas to help us achieve the ambitious goals we have set,\u201D said Wladimir Nikoluk, CEO and Founder of Atlas Metrics.\"})}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"em\",{children:\"\u201CI\u2019m thrilled to join and lead our very talented and passionate engineering team. Our goal is to empower companies to not only meet compliance standards but also truly understand and improve their global impact. I look forward to achieving this together by creating next-generation, scalable tools,\u201D\"}),\" \u2013 added Hern\\xe1n Magrini, CTO of Atlas Metrics.\"]})]});export const richText3=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/t(\"em\",{children:[/*#__PURE__*/e(\"strong\",{children:\"DISCLAIMER\"}),\": The CSRD\",/*#__PURE__*/e(\"strong\",{children:\" \"}),\"is subject to change following the EU's Omnibus proposal. For a detailed breakdown of these changes and their implications, read our full analysis here: \"]}),/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/omnibus-update-march\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:/*#__PURE__*/e(\"em\",{children:\"EU Omnibus Proposal Explained: What Organizations Need to Know & Do Next\"})})}),/*#__PURE__*/e(\"em\",{children:\".\"})]}),/*#__PURE__*/t(\"p\",{children:[\"The Corporate Sustainability Reporting Directive (CSRD) and \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/csrd-esrs\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"the European Sustainability Reporting Standards (ESRS)\"})}),\" represent significant advancements in the European Union's approach to sustainability reporting. Replacing the Non-Financial Reporting Directive (NFRD), the CSRD broadens the scope of companies required to report on sustainability-related matters, introduces more detailed reporting requirements, and mandates assurance of the reported information. The ESRS, as a set of guidelines under the CSRD, outline the specific standards companies must follow, focusing on environmental, social, and governance (ESG) criteria. Together, these regulations bring about considerable changes and challenges for companies, such as the need for more comprehensive data collection, increased transparency, and alignment with global sustainability goals.\\xa0\"]}),/*#__PURE__*/e(\"p\",{children:\"Understanding and navigating these complex requirements is essential for businesses to ensure compliance. However, due to the sheer scope and complexity of the CSRD and ESRS, many organizations and practitioners seem to be confused or unsure about concrete reporting requirements. Fortunately, several documents and resources have been published recently that help to better understand and to demystify the regulation.\\xa0\"}),/*#__PURE__*/e(\"p\",{children:\"Now, let's explore six of these key documents that provide valuable insights and guidance on the CSRD and ESRS and its key concepts.\\xa0\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"em\",{children:\"Disclaimer:\"}),\" it is important to note that all resources and documents from EFRAG are non-authoritative, i.e. they are not legally binding. However, they are accepted as best practices among practitioners and thus can provide helpful interpretations and guidelines on certain topics.\"]}),/*#__PURE__*/e(\"h3\",{children:\"1. EFRAG Implementation Guidance IG 1 - Materiality Assessment\"}),/*#__PURE__*/t(\"p\",{children:[\"The \",/*#__PURE__*/e(i,{href:\"https://www.efrag.org/sites/default/files/sites/webpublishing/SiteAssets/IG%201%20Materiality%20Assessment_final.pdf\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Implementation Guidance IG1 \"})}),\"describes the unique approach of ESRS towards the materiality concept, how the materiality assessment is to be performed, how other existing resources can be leveraged and finishes up with frequently asked questions. \"]}),/*#__PURE__*/e(\"p\",{children:\"To summarize, the ESRS sustainability statement must provide relevant and accurate information about all impacts, risks, and opportunities (IROs) related to environmental, social, and governance matters, determined through a materiality assessment. In particular, ESRS requires a double materiality assessment (DMA). Double materiality is an approach to identifying and prioritizing sustainability issues that are most material (or critical) to an organization from the two perspectives \u201CImpact materiality\u201D and the \u201CFinancial materiality\u201D. For more information on the Double Materiality Assessment, feel free to have a look at our blog post on the DMA. The DMA considers the entire value chain and identifies material IROs to be reported. The process includes stakeholder engagement and is guided by criteria like severity and likelihood. While ESRS do not mandate a specific method for this assessment, they require transparency in the process and allow flexibility in how it is conducted. The final report must disclose the material IROs and their interaction with the company's strategy.\"}),/*#__PURE__*/e(\"h3\",{children:\"2. EFRAG Implementation Guidance IG 2 - Value Chain\"}),/*#__PURE__*/t(\"p\",{children:[\"Given the complexity of the value chain concept, which is closely linked to the materiality assessment required by the ESRS (as outlined in IG 1), the \",/*#__PURE__*/e(i,{href:\"https://www.efrag.org/sites/default/files/sites/webpublishing/SiteAssets/EFRAG%20IG%202%20Value%20Chain_final.pdf\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Implementation Guidance IG2 \"})}),\"provides a detailed exploration of how to effectively navigate value chain considerations under both the ESRS and CSRD. \"]}),/*#__PURE__*/e(\"p\",{children:\"To sum up, the sustainability statement must also include material IROs particularly related to the value chain, focusing on where these IROs might arise in the value chain (e.g. geographies, activities/sectors, operations, suppliers, customers, other relationships, etc.). While value chain information is not needed for all disclosures, it is necessary when connected to material IROs outside of the own operations due to business relationships. If this value chain data is unavailable, the company should estimate the missing information.\"}),/*#__PURE__*/e(\"h3\",{children:\"3. EFRAG Implementation Guidance IG 3 - Detailed ESRS datapoints and accompanying Explanatory Note\"}),/*#__PURE__*/t(\"p\",{children:[\"This document is arguably one of the most valuable resources for practitioners, as it simplifies the complex and interwoven regulations into clear, discrete data points within an Excel file. It\u2019s important to emphasize that these data points are non-authoritative, meaning that reporting on all of them does not guarantee full CSRD compliance. However, this document serves as a highly useful tool for conducting an initial gap analysis, helping organizations identify available data and pinpoint what\u2019s still missing. Click \",/*#__PURE__*/e(i,{href:\"https://efrag.sharefile.com/share/view/s6e410fb208aa4685bf9c482ee405f48d/foa75419-44c9-4081-85a5-43217a6e8732\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"here\"})}),\" for the detailed ESRS data points and the \",/*#__PURE__*/e(i,{href:\"https://www.efrag.org/sites/default/files/sites/webpublishing/SiteAssets/EFRAG%20IG%203%20List%20of%20ESRS%20Data%20Points%20-%20Explanatory%20Note.pdf\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"explanatory note\"})}),\".\\xa0\"]}),/*#__PURE__*/e(\"p\",{children:\"In the Excel file, the data points are defined for the cross-cutting standard ESRS 2 and each topical standard. In addition to a unique ID and the reference to the regulation, the Excel file defines for each data point the unit type, if its conditional or alternative, if its voluntary, to which other standards it relates to and if it is subject to certain phasing-in provisions for certain companies. In total, the file comprises roughly 1200 separate data points (depending on how one counts the data points for the Minimum Disclosure Requirements or MDRs).\"}),/*#__PURE__*/e(\"h3\",{children:\"4. EFRAG Draft ESRS Set 1 XBRL Taxonomy\"}),/*#__PURE__*/t(\"p\",{children:[\"As part of its mandate from the European Commission to develop a digital XBRL taxonomy for the ESRS, EFRAG released the first draft of the \",/*#__PURE__*/e(i,{href:\"https://www.efrag.org/en/projects/esrs-xbrl-taxonomy/exposure-draft-consultation\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"ESRS Set 1 XBRL Taxonomy\"})}),\" in February 2024. This taxonomy serves as a classification system aligned with ESRS standards, defining and structuring data elements while clarifying mandatory data points for ESRS compliance. It is particularly valuable for companies advanced in their CSRD compliance journey, as it further disaggregates the required data points compared to the EFRAG IG3 data and provides insight into the tags that will be used in the digital tagging process. For more details, check out our blog post on the XBRL Taxonomy.\"]}),/*#__PURE__*/e(\"h3\",{children:\"5. EFRAG ESRS Q&A Platform compilation of explanations\"}),/*#__PURE__*/t(\"p\",{children:[\"To aid practitioners and stakeholders in the implementation and interpretation of the ESRS, EFRAG has established a non-authoritative \",/*#__PURE__*/e(i,{href:\"https://www.efrag.org/sites/default/files/media/document/2024-07/Compilation%20Explanations%20January%20-%20July%202024.pdf\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Q&A platform\"})}),\" designed to address unresolved technical questions. To date, 93 questions have been published, categorized by topical area. Each entry provides the question, relevant ESRS references, key terms, background context, and expert answers from EFRAG. This platform serves as a valuable resource for clarifying complex terms, topics, and concepts, ensuring a comprehensive understanding of the ESRS.\"]}),/*#__PURE__*/e(\"h3\",{children:\"6. Draft Commission Notice \"}),/*#__PURE__*/t(\"p\",{children:[\"In August 2024, the European Commission released a draft notice on the interpretation of certain legal provisions [...] as regards to sustainability reporting, providing additional clarifications on the requirements of the CSRD and ESRS, complementing the answers already published by EFRAG on their Q&A platform. This \",/*#__PURE__*/e(i,{href:\"https://finance.ec.europa.eu/document/download/c4e40e92-8633-4bda-97cf-0af13e70bc3f_en?filename=240807-faqs-corporate-sustainability-reporting_en.pdf\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"draft notice\"})}),\", which addresses frequently asked questions, aims to enhance legal certainty and improve the comparability of sustainability disclosures. Although the document is still in draft form and subject to change before the final notice is published, it serves as an important reference for resolving uncertainties in the interpretation and application of the ESRS, offering further guidance alongside EFRAG's technical responses. \"]}),/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})})]});export const richText4=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"Financed emissions refer to the greenhouse gas (GHG) emissions associated with the investment and lending activities of financial institutions. These emissions derive from the operations of companies within a financial institution's portfolio, with the emissions share allocated based on the proportion of each company\u2019s activities that the institution finances.\"}),/*#__PURE__*/e(\"p\",{children:'According to the Greenhouse Gas (GHG) Protocol, emissions are divided into three main categories, or \"scopes\":'}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Scope 1\"}),\": Direct emissions from sources directly owned or controlled by the company, such as company owned vehicles and fuel based heating systems.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Scope 2\"}),\": Indirect emissions from the generation of purchased electricity, steam, heating, and cooling.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Scope 3\"}),\": All other indirect emissions throughout the value chain, including activities not directly managed by the company. Scope 3 is further broken down into 15 sub-categories.\"]})})]}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Financed emissions\"}),\" fall under \",/*#__PURE__*/e(\"strong\",{children:\"Scope 3\"}),\", \",/*#__PURE__*/e(\"strong\",{children:\"sub-category 15\"}),\", which specifically accounts for emissions from investments and lending activities.\"]}),/*#__PURE__*/t(\"p\",{children:[\"Companies typically required to disclose their financed emissions include \",/*#__PURE__*/e(\"strong\",{children:\"banks\"}),\", \",/*#__PURE__*/e(\"strong\",{children:\"insurance firms\"}),\" and \",/*#__PURE__*/e(\"strong\",{children:\"asset managers\"}),\".\\xa0\"]}),/*#__PURE__*/e(\"h2\",{children:\"What is PCAF?\"}),/*#__PURE__*/t(\"p\",{children:[\"The guidelines for measuring and reporting financed emissions are outlined in the \",/*#__PURE__*/e(\"strong\",{children:\"Global GHG Accounting and Reporting Standard for the Financial Industry\"}),\", developed by The Partnership for Carbon Accounting Financials (PCAF). PCAF is an industry-led initiative that aligns with the GHG Protocol Corporate Accounting and Reporting Standard, providing a framework for financial institutions to accurately measure and report the greenhouse gas emissions resulting from their lending and investment activities.\\xa0\"]}),/*#__PURE__*/e(\"p\",{children:\"The latest iteration of the standard offers guidance for seven asset classes:\"}),/*#__PURE__*/t(\"ol\",{children:[/*#__PURE__*/t(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:[/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Listed equity and corporate bonds:\"}),\" This category covers all on-balance sheet listed corporate bonds and equities traded on a market for general corporate purposes (i.e., unknown use of proceeds), including:\"]}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/e(\"p\",{children:\"All types of corporate bonds for general corporate purposes\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/e(\"p\",{children:\"Common stock\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[\"Preferred stock\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})})]})]}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Business loans and unlisted equity\"}),\": This asset class covers business loans and equity investments in private companies, also known as unlisted equity. It includes all on-balance sheet loans and lines of credit to businesses, nonprofits, and other organizations that are not traded on a market and are for general corporate purposes. Unlisted equity refers to all on-balance sheet equity investments to businesses, nonprofits, and other organizations that are not market-traded and are for general corporate purposes.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Project finance\"}),\": This category includes all on-balance sheet loans or equities designated for specific projects or activities with known use of proceeds, as defined by the GHG Protocol. This can include, for example, financing for the construction and operation of gas-fired power plants, wind or solar projects, or energy efficiency projects.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Commercial real estate\"}),\": This asset class includes on-balance sheet loans for specific corporate purposes, specifically the purchase and refinance of commercial real estate (CRE), as well as on-balance sheet investments in CRE where the financial institution does not have operational control over the property. These properties are used for commercial purposes such as retail, hotels, and office spaces.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Mortgages\"}),\": This class includes on-balance sheet loans for specific consumer purposes, namely the purchase and refinance of residential properties, including individual homes and small multifamily housing units. These properties are used for residential purposes, not commercial activities.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Motor vehicle loans:\"}),\" This asset class refers to on-balance sheet loans and lines of credit to businesses and consumers for specific (corporate or consumer) purposes - namely the finance of motor vehicles. There is no specific list of vehicle types falling within this asset class. The financial institution shall define the types of vehicles included in their financed emissions inventories and provide transparent explanations for any exclusions.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Sovereign debt\"}),\": This asset class covers sovereign bonds and loans of all maturities issued in domestic or foreign currencies. These loans and bonds involve transferring funds to the borrowing country, creating a debt obligation to be repaid. Sub-sovereign and municipal counterparties are excluded due to limited data availability and their lack of direct subjectivity to international GHG emissions inventory standards.\"]})})]}),/*#__PURE__*/t(\"p\",{children:[\"The graphic below, \",/*#__PURE__*/e(i,{href:\"https://carbonaccountingfinancials.com/files/downloads/PCAF-Global-GHG-Standard.pdf\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"sourced from the Global GHG Accounting and Reporting Standard for the Financial Industry\"})}),\", provides an overview of various asset classes and offers guidance on selecting the appropriate approach for calculating financed emissions.\"]}),/*#__PURE__*/e(\"img\",{alt:\"\",className:\"framer-image\",height:\"625\",src:\"https://framerusercontent.com/images/afXjhCPZvBEyuJkN8iCM1YwpbwI.png\",srcSet:\"https://framerusercontent.com/images/afXjhCPZvBEyuJkN8iCM1YwpbwI.png?scale-down-to=512 512w,https://framerusercontent.com/images/afXjhCPZvBEyuJkN8iCM1YwpbwI.png?scale-down-to=1024 1024w,https://framerusercontent.com/images/afXjhCPZvBEyuJkN8iCM1YwpbwI.png 1270w\",style:{aspectRatio:\"1270 / 1250\"},width:\"635\"}),/*#__PURE__*/e(\"h2\",{children:\"Why measure financed emissions?\"}),/*#__PURE__*/e(\"p\",{children:\"Measuring financed emissions enables financial institutions to directly engage with the climate risks and opportunities associated with their investment portfolios, actively supporting the global transition to a net-zero economy. By tracking these emissions, institutions can more effectively allocate capital toward sustainable solutions and identify sectors making the fastest progress toward decarbonization.\"}),/*#__PURE__*/e(\"p\",{children:\"Furthermore, In the European Union, the EU Taxonomy Regulation requires that financial market participants and advisors disclose how their activities align with environmental objectives, including climate change mitigation. This includes reporting on the carbon footprint of their investments.\"}),/*#__PURE__*/e(\"h2\",{children:\"How financed emissions are calculated?\"}),/*#__PURE__*/e(\"p\",{children:\"Calculating financed emissions involves specific methodologies tailored to each asset class. The emissions scopes included in each asset class can vary, and the formula used to attribute emissions also depends on the asset class. Each methodology requires different emissions data points, which can have various levels of validity and quality.\"}),/*#__PURE__*/e(\"p\",{children:\"Generally, emissions from investments should be allocated to the reporting company based on its proportional share of investment in the investee. Since investment portfolios are dynamic and can change frequently throughout the reporting year, companies should identify investments by selecting a fixed point in time, such as December 31 of the reporting year, or by using a representative average over the course of the reporting year.\"}),/*#__PURE__*/e(\"h3\",{children:\"Example: Overview of the methodology for Business loans and unlisted equity\"}),/*#__PURE__*/e(\"p\",{children:\"Financial institutions are required to report the absolute Scope 1 and Scope 2 emissions of borrowers and investees across all sectors. For sectors where Scope 3 emissions reporting is necessary, these absolute Scope 3 emissions shall be disclosed separately, including the specific sectors covered.\"}),/*#__PURE__*/e(\"h2\",{children:\"Attribution of emissions\"}),/*#__PURE__*/e(\"p\",{children:\"The principle for attributing emissions involves the financial institution accounting for a portion of the annual emissions of the borrower or investee. This portion is determined by the ratio between the outstanding amount (numerator) and the value of the financed company (denominator), known as the attribution factor.\"}),/*#__PURE__*/e(\"p\",{children:\"For business loans and equity investments to/in private companies:\"}),/*#__PURE__*/e(\"img\",{alt:\"\",className:\"framer-image\",height:\"58\",src:\"https://framerusercontent.com/images/d30qUnariFU8AD6CnjrNpb9iE4.png\",style:{aspectRatio:\"436 / 116\"},width:\"218\"}),/*#__PURE__*/e(\"p\",{children:\"For business loans to listed companies:\"}),/*#__PURE__*/e(\"img\",{alt:\"\",className:\"framer-image\",height:\"45\",src:\"https://framerusercontent.com/images/DjJu3UG93emyND5jh2hJQP13gXA.png\",style:{aspectRatio:\"437 / 90\"},width:\"218\"}),/*#__PURE__*/e(\"p\",{children:\"Where:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/t(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:[/*#__PURE__*/t(\"p\",{children:[\"The \",/*#__PURE__*/e(\"strong\",{children:\"Outstanding amount\"}),\" is the actual outstanding loan amount.\"]}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/e(\"p\",{children:\"For business loans,this is defined as the value of the debt that the borrower owes to the lender.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/e(\"p\",{children:\"For unlisted equity (i.e., equity investments in private companies), the outstanding amount is the outstanding value of equity that the financial institution holds in the private company.\"})})]})]}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Total equity + debt\"}),\" is the sum of total company equity and debt, which can be found on the client\u2019s balance sheet.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"EVIC\"}),\" is the company enterprise value including cash.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"C \"}),\"is the borrower or investee company.\"]})})]}),/*#__PURE__*/e(\"p\",{children:\"The equation to calculate financed emissions is:\"}),/*#__PURE__*/e(\"img\",{alt:\"\",className:\"framer-image\",height:\"45\",src:\"https://framerusercontent.com/images/2Q4E3q7ZwJUPmAuxVgAs4pJc6M.png\",srcSet:\"https://framerusercontent.com/images/2Q4E3q7ZwJUPmAuxVgAs4pJc6M.png?scale-down-to=512 512w,https://framerusercontent.com/images/2Q4E3q7ZwJUPmAuxVgAs4pJc6M.png 765w\",style:{aspectRatio:\"765 / 90\"},width:\"382\"}),/*#__PURE__*/e(\"h2\",{children:\"Emissions data\"}),/*#__PURE__*/e(\"p\",{children:\"PCAF outlines three options to calculate the financed emissions from business loans and unlisted equity, based on the type of emissions data used:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Option 1: Reported emissions\"}),\", verified or unverified emissions are collected directly from the borrower or investee company and allocated to the reporting financial institution using the attribution factor.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Option 2: Physical activity-based emissions\"}),\", emissions are estimated by the reporting financial institution based on primary physical activity data collected from the borrower or investee, then allocated using the attribution factor.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Option 3: Economic activity-based emissions\"}),\",emissions are estimated by the reporting financial institution based on economic activity data from the borrower or investee (e.g., revenue or assets in euro/dollars) and allocated using the attribution factor.\"]})})]}),/*#__PURE__*/e(\"p\",{children:\"By following these methodologies, financial institutions can accurately attribute and report the emissions associated with their business loans and unlisted equity investments.\"}),/*#__PURE__*/e(\"h2\",{children:\"Challenges in measuring financed emissions\"}),/*#__PURE__*/e(\"p\",{children:\"Financial institutions face several challenges in accurately measuring their financed emissions:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Data availability\"}),\": Gathering comprehensive data on emissions associated with investments can be complex. Financial institutions often have portfolios spanning multiple asset classes, sectors, and geographies, making it challenging to collect data from various sources.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Limited access to GHG data\"}),\": Engaging with investee companies and obtaining their emissions data can be a significant challenge. Some companies may not measure GHG emissions at all, and even those that do, may not share this information publicly.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Data quality:\"}),\" Assessing the reliability of emissions data can be challenging, as inaccuracies, omissions, or incomplete reporting can lead to inconsistencies and limit comparability across companies.\"]})})]}),/*#__PURE__*/e(\"h2\",{children:\"How can financial institutions start measuring their financed emissions?\"}),/*#__PURE__*/e(\"p\",{children:\"The following steps provide a practical starting point and guidance for collecting and calculating financed emissions data:\"}),/*#__PURE__*/t(\"ol\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Establish a clear methodology\"}),\": Adopt a standardized approach, such as PCAF methodology, to ensure consistency in measuring and reporting financed emissions across your portfolio.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Engage with portfolio companies\"}),\": Proactively reach out to companies within your portfolio to request emissions data and encourage transparent reporting.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Use industry benchmarks and proxy data\"}),\": When direct data isn\u2019t available, consider using industry averages or estimates as a temporary solution to fill data gaps.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Invest in data management tools\"}),\": Implement specialized data management and tracking systems to efficiently collect and monitor emissions data across diverse asset classes and geographies.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",style:{\"--framer-font-size\":\"11px\",\"--framer-text-color\":\"rgb(0, 0, 0)\",\"--framer-text-decoration\":\"none\"},children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Continuously review and update data collection practices\"}),\": Regularly refine your data collection and calculation processes to improve accuracy in emission measurement.\"]})})]}),/*#__PURE__*/e(\"p\",{children:\"At Atlas Metrics, we are here to help you navigate the complexities of calculating your financed emissions and Scope 3.15 across various asset classes. Our approach is based on the latest PCAF guidelines, offering solutions to simplify data collection and ensure accuracy.\"})]});export const richText5=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/t(\"p\",{children:[\"Since its implementation in March 2021, the \",/*#__PURE__*/e(\"strong\",{children:\"Sustainable Finance Disclosure Regulation (SFDR)\"}),\" has become a cornerstone in the EU's efforts to promote greater transparency in financial markets, requiring in-scope entities to demonstrate their commitment to sustainability.\\xa0\"]}),/*#__PURE__*/e(\"h2\",{children:\"What is the SFDR and Who\u2019s in Scope?\"}),/*#__PURE__*/e(\"p\",{children:\"The SFDR is an EU regulation designed to enhance transparency in the financial markets by standardizing sustainability-related disclosures. The ultimate goal of SFDR reporting is to ensure that investors have access to clear and consistent information about the ESG claims made by financial products.\"}),/*#__PURE__*/e(\"p\",{children:\"The scope of the SFDR includes mainly 2 types of entities:\"}),/*#__PURE__*/t(\"ol\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Financial market participants\"}),\": Manufacturers of financial products such as asset managers, venture capital funds, private equity funds etc.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Financial advisers\"}),\": Entities that provide investment advice, including investment advisors, insurance companies, and similar firms.\"]})})]}),/*#__PURE__*/e(\"p\",{children:\"In terms of geography, the SFDR affects EU-based entities but also non-EU based entities if they market products within the EU and/or to EU investors.\"}),/*#__PURE__*/e(\"h2\",{children:\"Understanding Product Classifications: Articles 6, 8, and 9\"}),/*#__PURE__*/t(\"p\",{children:[\"One of the most crucial elements of the SFDR\",/*#__PURE__*/e(\"strong\",{children:\" \"}),\"is the classification of financial products \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/csrd-keylinks-sfdr\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"based on their ambition level of ESG consideration\"})}),\". Products fall into three main categories:\"]}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Article 6\"}),\": \u200BThese products do not integrate ESG or sustainability-related strategies into their investments. They represent the baseline classification, covering all financial products that do not actively promote sustainability.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Article 8\"}),': Often referred to as \"light green\" funds, these products promote environmental and/or social characteristics but do not have a sustainability objective. However, they may choose to allocate a percentage of their portfolio to sustainable investments.']})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Article 9\"}),': Known as \"dark green\" funds, these products have sustainable investments as their objective. They are required to allocate 100% of their investments to sustainable investments, as defined under SFDR article 2 (17).']})})]}),/*#__PURE__*/e(\"p\",{children:\"As defined under SFDR article 2 (17), a \u201Csustainable investment\u201D refers to an investment in an economic activity that contributes to an environmental and/or social objective, provided that such investment does not significantly harm any of those objectives and that the investee companies follow good governance practices. This makes Article 9 requirements particularly challenging, as these products must demonstrate meeting the requirements of 100% sustainable investments. Consequently, Article 9 products tend to be less common than Article 8 products in the financial sector.\"}),/*#__PURE__*/e(\"h3\",{children:\"Further Distinctions within Article 8: Light Green vs. Medium Green\"}),/*#__PURE__*/t(\"p\",{children:[\"Although the regulation itself does not mandate a formal split within \",/*#__PURE__*/e(\"strong\",{children:\"Article 8\"}),\", the industry has informally created a distinction over the past few years due to the broad range of financial products that fall under this classification. The two emerging subcategories are:\"]}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Article 8\"}),': \u200BReferred to as \"light green\" funds, these products promote environmental and/or social characteristics without committing to sustainable investments (0% sustainable investments).']})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Article 8+ \"}),': Referred to as \"medium green\" funds, these products promote environmental and/or social characteristics AND also allocate a percentage of the portfolio to sustainable investments. Since they incorporate some elements of Article 9 funds, their ambition and reporting requirements are more complex than those of standard Article 8 products.']})})]}),/*#__PURE__*/e(\"h2\",{children:\"Reporting Levels and Types of Disclosure Requirements\"}),/*#__PURE__*/e(\"p\",{children:\"The SFDR has two main overarching reporting levels: entity-level and product level.\\xa0For each of these reporting levels, the disclosure requirements come in three different forms: pre-contractual disclosures, website disclosures, and periodic disclosures.\"}),/*#__PURE__*/e(\"p\",{children:\"See below a visual representation of these reporting levels and the associated disclosures.\"}),/*#__PURE__*/e(\"img\",{alt:\"\",className:\"framer-image\",height:\"1125\",src:\"https://framerusercontent.com/images/HiaYScQ67Ur0a2cvBBGy4jwihw.png\",srcSet:\"https://framerusercontent.com/images/HiaYScQ67Ur0a2cvBBGy4jwihw.png?scale-down-to=512 512w,https://framerusercontent.com/images/HiaYScQ67Ur0a2cvBBGy4jwihw.png?scale-down-to=1024 1024w,https://framerusercontent.com/images/HiaYScQ67Ur0a2cvBBGy4jwihw.png?scale-down-to=2048 2048w,https://framerusercontent.com/images/HiaYScQ67Ur0a2cvBBGy4jwihw.png 4000w\",style:{aspectRatio:\"4000 / 2250\"},width:\"2000\"}),/*#__PURE__*/e(\"h3\",{children:\"Entity-Level Disclosures\"}),/*#__PURE__*/t(\"p\",{children:[\"The purpose of entity-level disclosures is to provide a comprehensive overview of the entity\u2019s overall sustainability strategy and how ESG factors are integrated into the investment process. Entity level disclosures take the form of \",/*#__PURE__*/e(\"strong\",{children:\"website disclosures\"}),\" and consist of three key types of sustainability information:\"]}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Sustainability risk policies\"}),\": Entities must disclose their policies on integrating sustainability risks into their investment decision-making processes.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Consideration of Principal Adverse Impact (PAI) indicators at entity-level\"}),\": Entities must provide information on how they consider the Principal Adverse Impact (PAIs) of their investment decisions on sustainability factors. Note: entity-level PAI reporting is mandatory only for large entities with > than 500 employees, with reporting deadline June 30th of each year.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Remuneration policies\"}),\": Entities must disclose their remuneration policies, specifically detailing how these policies align with the integration of sustainability risks.\"]})})]}),/*#__PURE__*/e(\"h3\",{children:\"Product-Level Disclosures\"}),/*#__PURE__*/e(\"p\",{children:\"Product-level disclosures require specific information for each financial product, aimed at informing investors about the product\u2019s ESG ambition and strategy. For entities managing multiple funds, separate product-level disclosures must be prepared for each fund. These disclosures apply to funds classified as Article 8 and Article 9, and they take three main forms:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Pre-contractual disclosures\"}),\": \u200BThese provide information of the sustainability strategy of the financial product, binding for investment decisions\u200B. Typically, this document is usually drafted as part of pre-investment documentation and distributed internally\u200B.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Website disclosures\"}),': These provide key sustainability information of the product (subset of pre-contractual information) and shall be publicly available on the website\u200B\u200B. These disclosures should be published in a dedicated section, ideally below the \"Entity-level\" disclosures, and kept regularly updated.']})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Periodic disclosures\"}),\": These provide a summary of the financial product's performance related to the SFDR, similar to a periodic report. Prepared annually, this document is typically shared with end-investors alongside the fund\u2019s annual report. Additionally, periodic disclosures often include the results of the ESG metrics tracked by portfolio companies, such as PAI indicators if the fund decides to consider and report them at the product level.\"]})})]}),/*#__PURE__*/t(\"p\",{children:[\"To comply with the SFDR, financial entities shall fulfill the disclosure requirements outlined above, following the templates provided by the EU in Annexes I to V (For more information, \",/*#__PURE__*/e(i,{href:\"https://www.esma.europa.eu/document/sfdr-templates\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"link here\"})}),\").\"]}),/*#__PURE__*/e(\"h2\",{children:\"Principal Adverse Impacts (PAIs) indicators\"}),/*#__PURE__*/t(\"p\",{children:[\"While most SFDR reporting requires qualitative information from financial entities, the regulation also introduced a key quantitative component in the form of \",/*#__PURE__*/e(\"strong\",{children:\"Principal Adverse Impact (PAI) indicators \"}),\"\u2014 ESG metrics designed to standardize sustainability reporting. These indicators are crucial as they require to demonstrate how investments might mitigate any potential harm.\"]}),/*#__PURE__*/t(\"p\",{children:[\"PAI indicators cover environmental and social metrics and are structured in three tables under Annex I. Examples include \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/understanding-scope-1-2-and-3-emissions\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"GHG emissions (Scope 1,2,3)\"})}),\", unadjusted gender pay gap, and board gender diversity.\"]}),/*#__PURE__*/e(\"p\",{children:\"In terms of compliance, mandatory PAI reporting falls in two primary cases:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"At the entity level, for large financial entities with more than 500 employees.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:'At the product level, for Article 8+ and Article 9 financial products that commit to sustainable investments and must meet the \"do no significant harm\" (DNSH) criteria, as outlined by SFDR definition requirements.\\xa0'})})]}),/*#__PURE__*/e(\"h2\",{children:\"How to Prepare for SFDR Reporting\"}),/*#__PURE__*/e(\"p\",{children:\"Financial entities must take proactive steps to prepare for the SFDR reporting. Key actions include:\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Evaluate current ESG status: \"}),\"Assess your entity's existing ESG status and outline the necessary steps to establish an effective ESG reporting process that aligns with your fund\u2019s sustainability strategy.\"]}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Train teams on SFDR requirements: \"}),\"Ensure that all relevant team members are well-informed about the SFDR regulation and equipped to initiate the SFDR journey.\"]}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Comply with disclosure requirements: \"}),\"Ensure all required disclosures are prepared (pre-contractual, website, and periodic disclosures).\"]}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Implement a data collection process: \"}),\"Collect data for the sustainability performance of portfolio companies - starting with PAI indicators - for your first reporting cycle.\"]}),/*#__PURE__*/e(\"h2\",{children:\"Summary \"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/sfdr-landing\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"SFDR reporting\"})}),\" is achieved by meeting disclosure requirements, but the regulation offers flexibility in how firms fulfill these. While the SFDR mandates the structure for disclosures through templates, it leaves room for interpretation regarding the specific content that constitutes compliance. Funds must clearly explain how they fulfill the requirements of their chosen classification - Article 8, 8+, or 9 - and ensure that portfolio companies provide the necessary data to align with the fund\u2019s ESG strategy.\\xa0\"]}),/*#__PURE__*/e(\"p\",{children:\"Finally, the SFDR is continuously evolving, with ongoing consultations and reviews from the EU aimed at improving reporting efficiency. More updates might come in 2025, so stay tuned!\"}),/*#__PURE__*/e(\"p\",{children:\"At Atlas Metrics, we understand how challenging it can be for funds to navigate SFDR regulatory requirements.\"})]});export const richText6=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"Atlas Metrics is proud to announce its inclusion in the third annual ESGFinTech100 list, released today. Curated by Fintech Global, it highlights the top 100 innovative companies in the ESG space, selected by industry experts for their cutting-edge solutions in the financial services sector. This year\u2019s list comes as the urgency for sustainability among financial institutions has surged, with regulators and consumers increasingly aligning with firms that reflect their values.\"}),/*#__PURE__*/e(\"p\",{children:\"The importance of ESG FinTech solutions is further highlighted by its resilience amid a broader market downturn. While most areas of FinTech suffered a dry spell in funding during 2023, ESG FinTech investment remained relatively stable at $28.8bn.\"}),/*#__PURE__*/e(\"p\",{children:\"A panel of industry experts meticulously reviewed over 500 ESG tech companies, using comprehensive data from FinTech Global to identify the leaders based on innovative technology solutions addressing significant industry challenges and contributions to ESG imperatives.\"}),/*#__PURE__*/t(\"p\",{children:['Richard Sachar, Director of FinTech Global, stated, \"',/*#__PURE__*/e(\"em\",{children:\"ESG-focused frameworks like CSRD are becoming more common around the world. Financial institutions face mounting requirements for ESG reports and alignment to sustainability targets. The ESGFinTech100 serves as a crucial resource for senior management, helping them identify the leading ESG tech companies. The detailed company profiles offer insights into their solutions, the challenges they address, their operational regions, and more. This guide is essential for any organization committed to achieving net-zero targets.\u201D\"})]}),/*#__PURE__*/e(\"p\",{children:\"Atlas Metrics simplifies ESG compliance for investors and portfolio companies through an integrated, end-to-end platform. Automations for SFDR compliance, carbon accounting, decarbonization strategies, and portfolio engagement streamline tasks into a cohesive workflow, reducing duplication, minimizing errors, and cutting costs. This capability is essential as ESG performance increasingly influences financial outcomes, including market share and cost of capital. Beyond compliance, Atlas Metrics transforms ESG data into actionable insights. By aggregating information across the organization, the platform provides a comprehensive 360-degree view that enables businesses to strategically enhance their sustainability performance.\"}),/*#__PURE__*/t(\"p\",{children:[\"The complete ESGFinTech100 list can be found at \",/*#__PURE__*/e(i,{href:\"http://www.esgfintech100.com/\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"www.ESGFinTech100.com\"})}),\", with detailed information about the companies available for free download.\"]}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/industries/asset-managers\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:/*#__PURE__*/e(\"strong\",{children:\"Click here for more information about Atlas Metrics and our solutions for asset managers.\"})})})})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(i,{href:\"https://fintech.global/esgfintech100/#esg100-2024\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:/*#__PURE__*/e(\"strong\",{children:\"Click here to see the full list on Fintech Global.\"})})})})})]})]});export const richText7=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[\"Series A funding round led by \",/*#__PURE__*/e(i,{href:\"https://mmc.vc/\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"MMC Ventures\"})}),\" with strong participation from existing investors \",/*#__PURE__*/e(i,{href:\"https://cherry.vc/\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Cherry Ventures\"})}),\", \",/*#__PURE__*/e(i,{href:\"https://www.b2venture.vc/\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"b2venture\"})}),\" and \",/*#__PURE__*/e(i,{href:\"https://www.redstone.vc/\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Redstone\"})}),\".\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Atlas Metrics plans to invest in its team, expand into new markets, and continue to develop its ESG compliance and performance management offering.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"The company is tapping into the \u20AC88bn market of holistic performance management.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"In the EU, the regulatory pressure for ESG (Environmental, Social, and Governance) reporting and compliance is rapidly growing, with over 62,500 organizations directly impacted by 2025.\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Atlas Metrics focuses on helping mid-sized companies and financial institutions meet these requirements by automating and streamlining CSRD reporting and all related regulatory obligations, reducing both costs and legal risks.\"})})]}),/*#__PURE__*/e(\"p\",{children:\"Atlas Metrics provides an all-in-one platform for ESG compliance and sustainability performance management. Through automation, AI, secure data sharing, and advanced analytics, the B2B platform makes it easy for any organization to measure and communicate its impact.\\xa0\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"em\",{children:\"\u201CFor all businesses across all industries, ESG reporting and compliance has become a necessary part of operations\u201D\"}),\", said Wladimir Nikoluk, Founder and CEO of Atlas Metrics.\",/*#__PURE__*/e(\"em\",{children:\" \u201CBut it is costly and risky to manage. This funding will allow us to enhance our product offerings, not only to simplify ESG compliance but also to turn sustainability data into a competitive advantage\u201D.\"})]}),/*#__PURE__*/e(\"p\",{children:\"Access to data on non-financial impacts is crucial to meet increasingly strict regulations, protect key business value drivers, and operate with transparency toward all stakeholders and the environment. In the EU, the regulatory pressure is rapidly growing. By 2025 over 62,500 organizations must meet rigorous annual requirements, including double materiality assessments, corporate carbon footprint accounting, and audit-ready CSRD (Corporate Sustainability Reporting Directive) reporting. A German company with \u20AC100 million in revenue is estimated to incur an annual cost of \u20AC250,000 for manual compliance and a \u20AC5 million fine (5% of turnover) for non-compliance.\\xa0\"}),/*#__PURE__*/t(\"p\",{children:[\"Atlas is emerging as the winner in a competitive market. KfW Capital, one of Europe\u2019s largest investors, has chosen the platform to track its portfolio of over 100 funds and 1,300 portfolio companies. 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We are proud to have backed them since day one,\u201D\"}),\" says Filip Dames, Founding Partner at Cherry Ventures.\"]}),/*#__PURE__*/t(\"p\",{children:[\"Oliver Richards, Partner at MMC Ventures, added, \",/*#__PURE__*/e(\"em\",{children:'\"Atlas Metrics is at the forefront of a critical shift, accelerated by regulatory tailwinds, towards greater transparency and accountability in business practices. We are thoroughly impressed by their comprehensive platform, which not only streamlines ESG compliance but also offers valuable data and analytics, enabling organizations to make informed strategic decisions. We are thrilled to support their mission and growth trajectory.\"'})]}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"em\",{children:\"\u201CAtlas Metrics stands out as a solution that goes beyond pure reporting and is on track to become a key data infrastructure player. We are enormously excited by both their progress as a company and their mission to address a major pain point as organizations worldwide adapt to new ESG regulations and compliance standards,\u201D\"}),\" according to Jan-Hendrik B\\xfcrk, Partner at b2venture.\\xa0\"]}),/*#__PURE__*/e(\"h4\",{children:/*#__PURE__*/e(\"strong\",{children:\"About Atlas Metrics\\xa0\"})}),/*#__PURE__*/e(\"p\",{children:\"Atlas Metrics simplifies ESG reporting and automates compliance with next-generation sustainability software. The company\u2019s platform enables any organization to effortlessly measure and communicate business impact through automation, AI, secure data sharing, and advanced analytics. By providing essential data and reporting tools, Atlas Metrics accelerates the transition to sustainable business models. 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Examples of companies MMC has backed include Synthesia, Copper, Signal AI, Current Health and Snowplow Analytics.\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Learn more:\"}),\" \",/*#__PURE__*/e(i,{href:\"https://mmc.vc/\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"https://mmc.vc/\"})})]})]});export const richText8=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(\"em\",{children:/*#__PURE__*/e(\"strong\",{children:\"In celebration of Climate Week NYC, this article concludes our two-part series on ESG integration for private equity investors.\"})})}),/*#__PURE__*/t(\"p\",{children:[\"The first part of this series explored \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/why-esg-integration-matters-for-private-equity-investors\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"how integrating ESG principles adds value for private equity (PE) investors in their portfolio companies\"})}),\". ESG integration helps reduce risks and lower beta by proactively addressing environmental liabilities, regulatory compliance, and social governance issues, which stabilizes earnings and boosts investor confidence. Additionally, adopting ESG practices enhances operational efficiency, leads to cost savings, and strengthens brand equity, ultimately attracting a wider range of investors, lowering the cost of capital, and increasing the net present value of future cash flows.\"]}),/*#__PURE__*/e(\"p\",{children:\"This can ultimately lead to a higher price upon exit through 3 vectors:\"}),/*#__PURE__*/e(\"h2\",{children:\"1. Wider range of potential buyers\"}),/*#__PURE__*/e(\"p\",{children:\"The implementation of ESG practices can broaden the spectrum of potential acquirers, including strategic buyers and institutional investors who are increasingly ESG-conscious. 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Sustainable growth trajectory\"}),/*#__PURE__*/e(\"p\",{children:\"ESG-focused companies are sometimes seen as better equipped to adapt to changing market conditions, thus offering a more attractive risk-return profile. Be it increased brand loyalty, customer retention and attractiveness to top talent- ESG can be a tangible factor for sustained value creation and maintenance.\\xa0\"}),/*#__PURE__*/e(\"p\",{children:\"Ultimately, companies with strong ESG credentials often achieve valuation uplifts at exit, commanding higher EV/EBITDA multiples. This is because buyers perceive these companies as lower-risk and more sustainable, which translates into a premium valuation. This premium can be a critical differentiator in competitive M&A markets.\"}),/*#__PURE__*/e(\"p\",{children:\"The integration of ESG reporting within portfolio companies should thus be viewed not only as an operational burden but also as a strategic lever for value creation and financial optimization. While the initial costs and increased workload are real concerns, the benefits of risk mitigation, operational leverage, enhanced brand equity, and access to capital can significantly outweigh these challenges.\"}),/*#__PURE__*/e(\"p\",{children:\"At Atlas Metrics, we understand how challenging it can be for companies to implement ESG reporting while getting the most value from it. Our mission to simplify this process for you and your portfolio companies. 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While compliance may serve as the initial trigger for ESG considerations, private equity (PE) investors are actively integrating ESG principles within their portfolio companies to enhance financial performance.\"}),/*#__PURE__*/e(\"p\",{children:\"Despite the initial expenditures and increased operational workload associated with ESG integration, substantial long-term financial gains can be achieved when implemented correctly.\"}),/*#__PURE__*/e(\"h2\",{children:\"Risk mitigation and reduction of beta\"}),/*#__PURE__*/e(\"p\",{children:\"ESG reporting helps identify and manage both broad and specific risks that could harm a company\u2019s operations or damage its brand. By proactively tackling environmental liabilities, regulatory risks, and governance issues, portfolio companies can stabilize earnings and lower their overall risk, making them more attractive to investors.\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Example:\"}),\" A mining company that implements strong environmental controls and community outreach can avoid expensive regulatory fines and social conflicts, reducing the chance of operational disruptions.\"]}),/*#__PURE__*/e(\"h2\",{children:\"Operational leverage and cost efficiency\"}),/*#__PURE__*/e(\"p\",{children:\"Adopting sustainable practices can lead to operational advantages. Initiatives like energy-efficient processes and waste reduction not only boost corporate social responsibility (CSR) but also lead to real cost savings, improving EBITDA margins. By streamlining operations through ESG integration, companies can strengthen their bottom line.\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Example: \"}),\"A retail chain that uses sustainable packaging and implements waste reduction programs can cut material costs and enhance supply chain efficiency.\"]}),/*#__PURE__*/e(\"h2\",{children:\"Stronger brand and reputation\"}),/*#__PURE__*/e(\"p\",{children:\"Companies that transparently report their ESG initiatives often experience improved brand reputation and stakeholder trust. This can result in higher customer loyalty, attracting top talent, and strengthening relationships with stakeholders. A stronger brand becomes a valuable intangible asset, giving the company a competitive edge in the market.\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Example:\"}),\" A consumer goods company that transparently reports its sustainable sourcing practices can appeal to eco-conscious consumers, building brand loyalty and gaining market share.\"]}),/*#__PURE__*/e(\"h2\",{children:\"Improved access to capital at lower costs\"}),/*#__PURE__*/e(\"p\",{children:\"Institutional investors, including pension funds and sovereign wealth funds, are increasingly directing capital toward companies based on ESG criteria. With the rise of socially responsible investing (SRI), ESG-aligned companies are better positioned to attract capital from a diverse range of investors who may prioritize ethical and sustainable investments. This expanded investor pool can lower a company's cost of capital, boosting the net present value (NPV) of future cash flows. Additionally, banks may reduce risk premiums for companies that disclose their carbon exposure or have a very low carbon intensity, as companies may avoid unforeseen costs (carbon tax/CBAM), raising the likelihood of their ability to repay debts.\\xa0\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Example:\"}),\" A renewable energy company with a strong ESG profile may attract impact investors and green bonds, lowering its cost of capital.\"]}),/*#__PURE__*/e(\"p\",{children:\"At Atlas Metrics, we understand how challenging it can be for companies to implement ESG reporting while also getting the most value from it. We have made it our mission to simplify this process for you and your portfolio companies. Many private equity and venture capital firms have already partnered with Atlas Metrics to effectively integrate ESG within their portfolio companies.\"})]});export const richText10=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Wiesbaden, 23 September 2024\"}),\" \u2013 DG Nexolution is introducing a new sustainability platform for cooperative banks, which integrates several of the company\u2019s existing sustainability tools and can be expanded with additional solutions. In collaboration with its new technology partner, Atlas Metrics GmbH, DG Nexolution will provide guidance and support for the implementation of sustainability initiatives using the platform.\"]}),/*#__PURE__*/e(\"p\",{children:\"Sustainability and climate protection are playing an increasingly important role in banking regulations. Since 2021, they have been a key focus for the Cooperative Financial Network. To this end, DG Nexolution offers solutions for the efficient implementation of sustainability measures. The new platform equips cooperative banks with all the necessary tools for comprehensive sustainability assessments and consulting services, all in one place.\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"em\",{children:\"\u201CWith the new platform, we are providing our customers with even more comprehensive support in achieving both their own sustainability goals and ESG requirements. As a point of contact for the cooperative banking sector, we are thus strengthening our expertise and our role as a holistic partner for our clients when it comes to sustainability,\u201D\"}),\" says Dr. Sandro Reinhardt, member of the DG Nexolution Executive Board responsible for the Sustainability division.\"]}),/*#__PURE__*/e(\"p\",{children:\"DG Nexolution's service portfolio includes a range of sustainability tools integrated into the platform. These cover double materiality assessments, sustainability reporting, carbon accounting (\u201CMission CO2\u201D) and financed emissions. Since the beginning of the year, DG Nexolution has been offering a system-supported double materiality assessment to help customers meet the requirements for CSRD reporting. The sustainability report generated can be used to create a document in accordance with the new Corporate Sustainability Reporting Directive (CSRD) standards. The \u201CMission CO2\u201D tool helps calculate the corporate carbon footprint of the bank\u2019s operations and outlines a tailored reduction and climate strategy with guidance from DG Nexolution. The financed emissions tool, expected in early 2025, will adhere to the Partnership for Carbon Accounting Financials (PCAF) standard. The platform allows seamless data transfer between stakeholders, is compatible with other sustainability solutions, and ensures continuous compliance with evolving regulations.\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"em\",{children:\"\u201CDG Nexolution's expertise and our software combine to create a solution that helps banks manage complex ESG reporting requirements more easily. With the combined technology and industry expertise, cooperative banks can operationalize their reporting, reduce costs and minimize compliance risks. This collaboration represents a significant step towards facilitating sustainability reporting and transparency in the German banking sector,\u201D \"}),\"says Wladimir Nikoluk, founder and CEO at Atlas Metrics.\"]}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"em\",{children:\"\u201CIt is important that we not only offer cooperative banks digital solutions but also provide tailored consulting services to help further develop the sustainability platform based on their needs. We guide our customers throughout their entire sustainability journey, offering our expertise at any starting point. This enables them to meet regulatory requirements and implement a holistic sustainability transformation within their organization,\u201D \"}),\"says Markus Klusemann, Head of Sustainability Department at DG Nexolution.\"]}),/*#__PURE__*/e(\"h2\",{children:\"About DG Nexolution\"}),/*#__PURE__*/e(\"p\",{children:\"DG Nexolution is the pioneer for first-class solutions. Founded in 1920 as \u201CDG VERLAG\u201D, today DG Nexolution, with around 400 employees based in Wiesbaden, Germany, brings the Volkbanken and Raiffeisenbanken, the goods and services cooperatives, the companies in the cooperative network and beyond to the forefront. As the partner for comprehensive, future-proof services and products: whether payment, procurement, marketing, digitalization or when it comes to effectively implementing sustainability.\"}),/*#__PURE__*/e(\"p\",{children:\"Together with its subsidiaries COPECTO GmbH, DG Nexolution Mobility GmbH, DG Nexolution Procurement & Logistics GmbH, geno kom Werbeagentur GmbH, MeinPlus GmbH and Raiffeisendruckerei GmbH, DG Nexolution supports its customers as the DG Nexolution Group with a total of over 650 employees, for example with solutions for the digital and sustainable payment of tomorrow and beyond, efficient material procurement, intelligent marketing, AI and customer loyalty programs as well as with offers that optimally structure sustainability measures.\"}),/*#__PURE__*/e(\"h3\",{children:\"Press contact\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Christoph Korn, Press Spokesman, T +49 611 5066-2145\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Dr. Anja Wagner, Corporate Communications Officer, T +49 611 5066-1256\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"presse@dg-nexolution.de\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Download service: You can download this press release and printable press photos at dg-nexolution.de/press. Please quote \u201CDG Nexolution\u201D as photo credits.\"})})]}),/*#__PURE__*/e(\"h3\",{children:\"Further information\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"DG Nexolution eG | Leipziger Stra\\xdfe 35 | 65191 Wiesbaden\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"T +49 611 5066-0 | direct@dg-nexolution.de\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"dg-nexolution.de\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Registered office and register court: Wiesbaden Local Court GnR 318\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Management Board: Marco Rummer (Chairman), Dr. Sandro Reinhardt, Florian P. Schultz\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Chairwoman of the Supervisory Board: President Marija Kolak\"})})]}),/*#__PURE__*/e(\"h3\",{children:\"About Atlas Metrics\"}),/*#__PURE__*/e(\"p\",{children:\"Atlas Metrics simplifies ESG reporting and automates compliance with next-generation sustainability software. The company\u2019s platform enables any organization to effortlessly measure and communicate business impact through automation, AI, secure data sharing, and advanced analytics. By providing essential data and reporting tools, Atlas Metrics accelerates the transition to sustainable business models.\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"Press contact\"}),/*#__PURE__*/e(\"ul\",{children:/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(i,{href:\"mailto:press@atlasmetrics.io\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"press@atlasmetrics.io\"})})})})}),/*#__PURE__*/e(\"h3\",{children:\"Further information\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Atlas Metrics GmbH |\\xa0 Adalbertstra\\xdfe 39 | 10179 Berlin, Germany\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Contact: info@atlasmetrics.io\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[\"Website: \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/de/\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"atlasmetrics.io\"})})]})})]})]});export const richText11=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/t(\"p\",{children:[\"Recently we displayed in out blog \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/4-steps-to-complete-your-eu-taxonomy-reporting\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"how non-financial entities navigate the complexities of EU Taxonomy compliance\"})}),\". While the specifics have been explored for corporates, the approach for the banking sector has not yet been addressed. Given the unique requirements and considerations that financial institutions must navigate, this post will now explain how the EU Taxonomy is applied within the banking sector.\"]}),/*#__PURE__*/e(\"h2\",{children:\"The Green Asset Ratio (GAR)\"}),/*#__PURE__*/e(\"p\",{children:\"For companies, the EU Taxonomy requires the reporting of their aligned turnover, capital expenditures (CapEx), and operational expenditures (OpEx). These metrics provide insights into a business\u2019s current and anticipated alignment with the EU Taxonomy. However, in the banking sector, the focus shifts to a different metric: the Green Asset Ratio (GAR).\"}),/*#__PURE__*/e(\"p\",{children:\"The GAR is a critical KPI for banks, designed to measure the proportion of a bank's assets that are linked to the EU Taxonomy. Specifically, the GAR reflects the percentage of a bank\u2019s total assets that are invested in or used to finance Taxonomy-aligned activities. This ratio covers the bank\u2019s main lending and investment operations, including loans and advances, debt securities, and equity holdings. The purpose of the GAR is to enhance transparency regarding the extent to which a bank\u2019s assets are aligned with environmentally sustainable activities, offering a clear indication of the bank\u2019s role in promoting sustainability within the economy.\"}),/*#__PURE__*/e(\"h2\",{children:\"GAR calculations\"}),/*#__PURE__*/e(\"p\",{children:\"The Green Asset Ratio (GAR) calculation for banks focuses on certain key financial assets. These include loans and advances, debt securities and equity holdings. Essentially, the GAR captures assets that are linked to sustainable economic activities, reflecting the bank\u2019s commitment to environmentally responsible financing.\"}),/*#__PURE__*/e(\"p\",{children:\"However, not all assets are included. For example, financial assets held for trading, short-term loans between banks, and exposures to companies that are not required to publish non-financial information under the Corporate Sustainability Reporting Directive (CSRD) are excluded. Additionally, the GAR does not cover exposures to governments, central banks, or supranational issuers, keeping the focus on assets that directly contribute to sustainability goals.\"}),/*#__PURE__*/e(\"p\",{children:\"Banks rely on other entities\u2019 reported data \u2013 in the case of corporates, the proportion of aligned turnover, CapEx, and OpEx \u2013 as the foundation to calculate their own KPIs and fulfill their reporting obligations. This reporting chain ensures that sustainability data flows consistently and comprehensively across the market.\"}),/*#__PURE__*/e(\"h2\",{children:\"Different types of GAR\"}),/*#__PURE__*/e(\"p\",{children:\"The Disclosures Delegated Act (Regulation (EU) 2021/2178) specifies several categories of GAR that banks must report, each offering insights into different facets of sustainable lending and investment.\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"GAR for Exposures to Non-Financial Undertakings: \"}),\"This GAR focuses on the bank\u2019s exposures to non-financial companies, which are in scope of the CSRD and thus also the EU Taxonomy. By evaluating how much of a non-financial company\u2019s activities align with the EU Taxonomy, this GAR reveals the extent to which a bank\u2019s financing is directed towards environmentally sustainable business practices.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"GAR for Lending Activities to and Equity Holdings of Financial Undertakings: \"}),\"This category highlights the bank\u2019s role in fostering sustainability through its interactions with other financial entities. The underlying principle is that these financial entities, in turn, invest in or lend to sustainable projects, thereby amplifying the bank\u2019s impact on sustainability across the financial sector.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"GAR for Retail Exposures: \"}),\"This GAR reflects the bank\u2019s support for sustainable living among its individual clients. It measures the proportion of the bank\u2019s retail lending that is directed towards green mortgages or loans for purchasing electric vehicles. This GAR showcases the bank\u2019s commitment to promoting sustainable practices at the consumer level.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"GAR for Loans and Advances Financing Public Housing and Other Specialized Lending to Public Authorities: \"}),\"This GAR emphasizes the bank\u2019s contribution to public sector sustainability efforts. The focus is on how much of this lending is used for projects aligned with the EU Taxonomy, such as sustainable public housing initiatives or environmentally beneficial infrastructure projects.\"]})})]}),/*#__PURE__*/e(\"p\",{children:\"These GAR metrics collectively provide a comprehensive view of how a bank aligns its lending and investment activities with environmental sustainability goals. Banks are required to disclose the aggregate GAR for all covered on-balance sheet assets, for both the stock and flow. Additionally, credit institutions must break down their GAR by environmental objective and by type of counterparty, offering detailed insights into how different segments of their portfolio contribute to sustainability.\"}),/*#__PURE__*/e(\"p\",{children:\"Starting in 2026, credit institutions are additionally required to prepare templates on KPIs on off-balance sheet exposures, fees and commissions and the trading book portfolio.\\xa0\\xa0\"}),/*#__PURE__*/e(\"h2\",{children:\"Challenges in achieving compliance\"}),/*#__PURE__*/e(\"p\",{children:\"While the GAR is a powerful tool for assessing a bank's alignment with environmental sustainability goals, its implementation comes with several challenges. Data collection is a major obstacle, as banks need to gather a wide range of information that may not have been previously collected. This includes specific data such as Energy Performance Certificates (EPCs) for mortgage loans, details on the environmental impact of financed projects, and the sectoral classification of companies. Accuracy is critical since estimates are not allowed, requiring banks to engage closely with clients to obtain reported data.\"}),/*#__PURE__*/e(\"p\",{children:\"Another challenge lies in the complexity of the reporting process. The templates required for banks are significantly more intricate compared to those for non-financial undertakings, making the task of accurately completing them both time-consuming and tedious. The detailed nature of these templates adds to the operational burden, requiring precise documentation and thorough monitoring to ensure compliance.\"}),/*#__PURE__*/e(\"p\",{children:\"Challenges in comparing GARs across banks also arise from several factors. The exclusion of SMEs from the scope of the EU Taxonomy complicates comparisons. This poses particular difficulties for smaller and regional banks that often finance SMEs, making it hard to fully demonstrate their sustainable financing efforts. Differences in how banks report their GARs can lead to misleading comparisons due to these exclusions. For example, banks with substantial exposures to SMEs or non-EU entities might show lower GARs, which may not accurately reflect their commitment to sustainability but rather the constraints of the GAR calculation.\"})]});export const richText12=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"PwC Bedrijfsrevisoren bv/ PwC Reviseurs d\u2019Entreprises srl (hereafter \u201CPwC Belgium\u201D), a leading professional services provider, has partnered with Atlas Metrics GmbH (\u201CAtlas Metrics\u201D), a leading ESG reporting software provider, to streamline sustainability reporting for European companies. This collaboration combines PwC Belgium\u2019s extensive expertise with Atlas Metrics\u2019 advanced technology to help businesses navigate the complexities of ESG compliance.\"}),/*#__PURE__*/e(\"p\",{children:\"A primary focus of this partnership is supporting Belgian established companies in scope for the Corporate Sustainability Reporting Directive (CSRD). This EU regulation involves various work streams, such as conducting double materiality assessments, collecting and reporting data according to the European Sustainability Reporting Standard (ESRS), reporting in accordance with the EU Taxonomy, publishing electronically tagged information, and audits. Implementing these processes is both expensive and time-consuming, especially for companies with limited dedicated resources.\"}),/*#__PURE__*/e(\"p\",{children:\"PwC Belgium\u2019s in-depth knowledge of corporate sustainability and industry-specific expertise, combined with Atlas Metrics\u2019 all-in-one software, enables companies to efficiently meet growing ESG reporting demands:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/t(\"li\",{\"data-preset-tag\":\"p\",children:[/*#__PURE__*/e(\"p\",{children:\"Atlas Metrics provides significant time and effort savings through smart data transfer, automated calculations, audit-ready activity logs, and interconnected modules and accounts for streamlined compliance.\"}),/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})})]}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"PwC Belgium provides customised support to businesses , assisting with scoping and managing requirements, integrating new technology solutions with existing operations and technological infrastructures, and preparing for audits.\"})})]}),/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(\"em\",{children:\"\u201CWe are dedicated to staying at the forefront of technology and innovation to better serve our clients. Partnering up with startups and scale-ups such as Atlas Metrics highlights this commitment, offering a robust ESG solution that complements our expertise in business and regulatory compliance. We believe it is crucial to support and collaborate with startups, as they bring fresh perspectives and innovative solutions to the table. This collaboration allows us to provide our clients with a seamless, integrated approach to sustainability, ensuring they are well-equipped to meet their ESG goals. By joining forces, we believe we can deliver even greater value and support on their ESG journey\u201D\"})}),/*#__PURE__*/e(\"p\",{children:\"\u2013 Thomas de Cuyper, Senior Director - ESG & Internal Control, PwC Belgium\"}),/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(\"em\",{children:\"\u201CThis partnership will not only simplify mandatory ESG reporting processes: with real-time insights into their non-financial performance and tailored support from industry experts, reporting organisations can optimise their sustainability data as a competitive advantage. We look forward to enabling more transparent and scalable sustainability management together with PwC Belgium.\u201D\"})}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"em\",{children:\"\u2013 \"}),\"Wladimir Nikoluk, CEO of Atlas Metrics\"]}),/*#__PURE__*/e(\"p\",{children:\"Through this collaboration, reporting organisations can expect:\"}),/*#__PURE__*/t(\"ol\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Simplified compliance with evolving ESG regulations such as the CSRD\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Time and resource savings in their reporting processes\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Streamlined data collection, analysis, and reporting\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"Bespoke guidance from industry experts to prepare for audits and improve ESG performance\"})})]}),/*#__PURE__*/e(\"p\",{children:\"By leveraging the combined strengths of both partners, businesses can confidently meet regulatory demands, save time and resources, and better manage their sustainability performance.\"}),/*#__PURE__*/e(\"h4\",{children:\"About Atlas Metrics\"}),/*#__PURE__*/e(\"p\",{children:\"Atlas Metrics simplifies ESG reporting and automates compliance with next-generation sustainability software, supporting 1,800+ companies from 18+ countries. The platform enables any organisation to measure and communicate business impact through automation, AI, secure data sharing, and advanced analytics. It can be tailored to specific needs by unlocking modules such as double materiality assessment, carbon footprint, EU Taxonomy assessment, sustainability targets, action plans, and more.\"}),/*#__PURE__*/t(\"p\",{children:[\"Learn more about Atlas Metrics at \",/*#__PURE__*/e(i,{href:\"https://atlasmetrics.io/\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"atlasmetrics.io\"})})]}),/*#__PURE__*/t(\"p\",{children:[\"For media inquiries, please contact \",/*#__PURE__*/e(i,{href:\"mailto:press@atlasmetrics.io\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"press@atlasmetrics.io\"})})]}),/*#__PURE__*/e(\"h4\",{children:\"About PwC\"}),/*#__PURE__*/t(\"p\",{children:[\"At PwC, our purpose is to build trust in society and solve important problems. We\u2019re a network of firms in 151 countries with more than 364,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at \",/*#__PURE__*/e(i,{href:\"http://www.pwc.com/\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"www.pwc.com\"})}),\".\"]}),/*#__PURE__*/t(\"p\",{children:[\"PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see \",/*#__PURE__*/e(i,{href:\"https://www.pwc.com/structure\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!1,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"www.pwc.com/structure\"})}),\" for further details.\"]})]});export const richText13=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/t(\"p\",{children:[\"In \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/features/carbon-accounting\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"carbon accounting\"})}),\", a common challenge organizations face is calculating the carbon footprint of an activity when the exact quantity of that activity isn't known. For example, how do you measure emissions without knowing the distance traveled for various types of travel throughout the year? One solution to this problem is using the spend-based method. Instead of measuring the activity itself, the expenditure on that activity can be used to estimate emissions. This can be achieved through Environmentally-Extended Input Output (EEIO) analysis.\"]}),/*#__PURE__*/e(\"h2\",{children:\"What is EEIO Analysis?\"}),/*#__PURE__*/e(\"p\",{children:\"EEIO analysis is a widely used and relatively simple methodology. It evaluates the interdependencies between economic consumption activities and environmental impacts. Most commonly extended with greenhouse gas emissions, an EEIO model produces emissions factors or intensities, which describe the quantity of carbon dioxide emissions in tonnes caused by production and consumption per financial unit of economic output.\"}),/*#__PURE__*/e(\"p\",{children:\"Organizations use EEIO factors to quantify greenhouse gas emissions in various scope categories, such as Purchased Goods & Services, Business Travel, and Upstream & Downstream Transportation. The factors are spend-based and compliant with the Greenhouse Gas Protocol. Increasingly, investors leverage this methodology as part of their Scope 3.15 category Investments. The Partnership for Carbon Accounting Financials endorses this approach for measuring emissions in equity, bonds, and business loans.\"}),/*#__PURE__*/t(\"p\",{children:[\"There are several off-the-shelf EEIO models available in the market, including \",/*#__PURE__*/e(i,{href:\"https://www.exiobase.eu/\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"EXIOBASE\"})}),\", \",/*#__PURE__*/e(i,{href:\"https://worldmrio.com/\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"EORA\"})}),\", \",/*#__PURE__*/e(i,{href:\"https://worldmrio.com/\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"WIOD\"})}),\", and \",/*#__PURE__*/e(i,{href:\"https://www.gtap.agecon.purdue.edu/\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"GTAP\"})}),\". These models are accessible under varying license agreements directly or via a third-party provider or consultant. Atlas Metrics has developed its own proprietary model based on the \",/*#__PURE__*/e(i,{href:\"https://www.oecd.org/en/data/datasets/inter-country-input-output-tables.html\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"OECD\u2019s Inter-Country Input Output tables\"})}),\" using greenhouse gas emissions data from \",/*#__PURE__*/e(i,{href:\"https://edgar.jrc.ec.europa.eu/dataset_ghg80\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"EDGAR\"})}),\" and \",/*#__PURE__*/e(i,{href:\"https://www.fao.org/faostat/en/#home\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"FAOSTAT\"})}),\".\"]}),/*#__PURE__*/e(\"h2\",{children:\"High coverage, low effort: the advantage of EEIO analysis\"}),/*#__PURE__*/e(\"p\",{children:\"EEIO factors are simple to use and require minimal resources for data collection. Organizations only need to provide financial data, such as procurement spending and revenue categorized by economic sector and country.\"}),/*#__PURE__*/e(\"p\",{children:\"To calculate absolute emissions, the country and sector-specific EEIO factor is multiplied by either the spend on that supplier or the revenue of the investee company. This approach is less labor-intensive compared to activity-based, LCA, or direct disclosure-based analyses of the supply chain or an investment portfolio. This low-effort data collection typically generates 80 - 100% coverage of emissions. High coverage and low effort mean organizations can rapidly begin their carbon accounting journey and respond to regulatory and stakeholder demands.\"}),/*#__PURE__*/e(\"p\",{children:\"However, this approach is not the ultimate solution. Spend-based analyses are comprehensive and compliant but are typically classified as lower-quality. Ideally, they should be used when activity-based data is unavailable. The goal for every organization is to improve data quality over time by replacing spend-based methodologies with more granular activity-based approaches.\"}),/*#__PURE__*/e(\"h2\",{children:\"Using the spend-based method on Atlas Metrics\"}),/*#__PURE__*/e(\"p\",{children:\"Atlas Metrics supports organizations in their journey toward better data quality. Our supply chain emissions module allows users to upload their procurement ledger to the platform, instantly providing a complete spend-based estimate for the 3.1 Purchased Goods & Services category. Users can then invite material suppliers to submit their own carbon numbers, which automatically replace the spend-based estimates, thereby improving the accuracy of the supply chain footprint. Several German regional banks also use Atlas Metrics to upload financial data, receive an instant spend-based footprint of the 3.15 Investments category, and over time, replace material data points with activity-based or direct disclosures for a more accurate footprint.\"}),/*#__PURE__*/e(\"p\",{children:\"In both cases, Atlas Metrics provide organizations with a comprehensive carbon footprint, delivering valuable insights into where to focus on improving data quality.\"})]});export const richText14=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/t(\"em\",{children:[/*#__PURE__*/e(\"strong\",{children:\"DISCLAIMER\"}),\": The CSRD\",/*#__PURE__*/e(\"strong\",{children:\" \"}),\"is subject to change following the EU's Omnibus proposal. For a detailed breakdown of these changes and their implications, read our full analysis here: \"]}),/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/omnibus-update-march\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:/*#__PURE__*/e(\"em\",{children:\"EU Omnibus Proposal Explained: What Organizations Need to Know & Do Next\"})})}),/*#__PURE__*/e(\"em\",{children:\".\"})]}),/*#__PURE__*/e(\"p\",{children:\"As sustainability continues to shape the corporate landscape, understanding double materiality as a key requirement of the Corporate Sustainability Reporting Directive (CSRD) is essential for businesses. This concept is a cornerstone of comprehensive sustainability reporting, helping companies to assess and disclose their impacts, risks and opportunities in a holistic manner.\"}),/*#__PURE__*/e(\"p\",{children:\"This guide aims to provide a clear and actionable approach to mastering the double materiality assessment, drawing on the latest implementation guidance from the European Financial Reporting Advisory Group (EFRAG).\\xa0\"}),/*#__PURE__*/e(\"h2\",{children:\"What is double materiality?\"}),/*#__PURE__*/e(\"p\",{children:\"Double materiality is an approach to identifying and prioritizing sustainability issues that are most material (or critical) to an organization from two perspectives:\\xa0\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Impact materiality:\"}),\" refers to the positive or negative impacts a company\u2019s business activities have on people and planet.\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Financial materiality:\"}),\" considers how ESG topics present financial risks and opportunities for the organization.\"]})})]}),/*#__PURE__*/e(\"img\",{alt:\"\",className:\"framer-image\",height:\"175\",src:\"https://framerusercontent.com/images/LbgbKu44jJXv331wmJC2YGBxs.png\",srcSet:\"https://framerusercontent.com/images/LbgbKu44jJXv331wmJC2YGBxs.png?scale-down-to=512 512w,https://framerusercontent.com/images/LbgbKu44jJXv331wmJC2YGBxs.png?scale-down-to=1024 1024w,https://framerusercontent.com/images/LbgbKu44jJXv331wmJC2YGBxs.png 1366w\",style:{aspectRatio:\"1366 / 350\"},width:\"683\"}),/*#__PURE__*/e(\"p\",{children:\"The aim of this analysis is first and foremost to determine the information and specific disclosure requirements that are relevant for reporting. However, it can also help you better navigate the complexities of sustainability by considering the strategic relevance of ESG topics, thereby enhancing corporate accountability, and fostering resilience in the face of evolving sustainability challenges.\"}),/*#__PURE__*/e(\"h2\",{children:\"Steps to conduct a double materiality analysis\"}),/*#__PURE__*/e(\"p\",{children:\"The requirement to conduct a double materiality assessment is described in the European Sustainability Reporting Standards (ESRS), which aim to ensure thorough and transparent sustainability reporting. While the ESRS provide a structured approach, they allow flexibility for companies to tailor their assessment processes.\\xa0\"}),/*#__PURE__*/e(\"p\",{children:\"To help you navigate through the double materiality assessment, here are the key steps you need to take:\"}),/*#__PURE__*/e(\"h3\",{children:\"1. Understand the context and define the scope\"}),/*#__PURE__*/e(\"p\",{children:\"Begin by understanding the broader context in which your company operates. This includes understanding your company, the boundaries of the analysis, the industry you work in, as well as your value chain and stakeholders.\\xa0\"}),/*#__PURE__*/e(\"h4\",{children:\"Value chain\"}),/*#__PURE__*/e(\"p\",{children:\"A particularly important part of this is conducting an analysis of your company\u2019s value chain (ESRS 1 paragraph 39). The value chain (VC) comprises the full range of activities, resources, and relationships related to the business model and the external environment in which your company operates. Since a large part of the impacts, risks and opportunities may arise in the upstream or downstream VC, this extended consideration is particularly important. For example, Scope 3 greenhouse gas emissions are a significant impact for most companies.\"}),/*#__PURE__*/e(\"h4\",{children:\"Stakeholders\"}),/*#__PURE__*/e(\"p\",{children:\"Another key part of understanding your context is to identify stakeholders across the value chain. Stakeholder groups are defined by the ESRS as those who can influence or be affected by the organization and its value chain activities (ESRS 1 paragraph 21). A distinction is made between two main categories:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Affected stakeholders: \"}),\"Individuals affected by the organization's activities (e.g., suppliers, customers, employees)\"]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Users of the sustainability statement: \"}),\"Main users of financial and non-financial reporting (e.g. investors, regulators, etc.)\"]})})]}),/*#__PURE__*/e(\"p\",{children:\"To assess the materiality of sustainability issues, various stakeholder engagement formats such as surveys, workshops or focus groups can be used. In order to find the right type of interaction that leads to meaningful results, it is important for you to find the right balance between using existing mechanisms (e.g. annual employee surveys) and creating a new format, taking into account the time and effort required to engage the different groups. The goal here is to particularly understand the interests and views of your affected stakeholders.\\xa0\"}),/*#__PURE__*/e(\"h3\",{children:\"2. Identify sustainability topics\"}),/*#__PURE__*/e(\"p\",{children:\"Once the context is clear, you need to select relevant sustainability topics for the analysis. The ESRS provide a list of sector-agnostic issues in ESRS 1 AR 16, which are to be used as a starting point. The guidance provided by EFRAG outlines that it is equally important to consider entity-specific sustainability topics. We therefore recommend you to review sector-specific standards (such as SASB) and to consider company-specific topics to ensure a complete list of relevant topics. You should evaluate these topics based on their relevance to your company\u2019s activities and value chain, benchmark against competitors and consider feedback from stakeholders.\"}),/*#__PURE__*/e(\"h3\",{children:\"3. Define and assess impacts, risks and opportunities\"}),/*#__PURE__*/e(\"p\",{children:\"For the prioritized sustainability topics, you now need to conduct a thorough analysis of impact and financial materiality. This includes the definition and assessment of impacts (I), risks (R) and opportunities (O), which are abbreviated as IROs. To inform this assessment, you can use data from various sources, including internal reports, stakeholder feedback, and external benchmarks.\"}),/*#__PURE__*/e(\"h4\",{children:\"Defining IROs\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Impacts\"}),\" are the effects that your company's activities have on the environment and society. They can be positive or negative, depending on whether they lead to positive or negative externalities on the environment and society. Impacts can be actual, if they have already occurred or potential, if they could occur in the future.\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Risks\"}),\" are effects that have a negative impact on your company's financial situation (costs or losses due to legal, reputational, operational or market risks)\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Opportunities\"}),\" are effects that have a positive impact on your company's financial situation (cost reductions, increases in sales).\"]})})]}),/*#__PURE__*/e(\"h4\",{children:\"Assessing IROs\"}),/*#__PURE__*/e(\"p\",{children:\"For the assessment of impacts, the ESRS defines three dimensions to measure the severity of an impact (ESRS 1 paragraphs 45-46):\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Scale\"}),\": how severe or beneficial are the impacts (the impairment of access to basic necessities of life or freedoms such as education, livelihoods, etc.);\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Scope\"}),\": how far-reaching is the impact (the number of people affected or the spread of the damage to nature);\",/*#__PURE__*/e(\"br\",{}),/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})]})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"strong\",{children:\"Irremediability\"}),\": the extent to which the impacts can be corrected (e.g. through compensation or restitution; whether the affected persons can be put back in a position to exercise their impaired rights). This is only relevant for negative impacts.\"]})})]}),/*#__PURE__*/e(\"p\",{children:\"For potential impacts, you also need to consider the likelihood of occurrence.\"}),/*#__PURE__*/t(\"p\",{children:[\"The assessment of risks and opportunities (ESRS 1 paragraph 51) is based on the \",/*#__PURE__*/e(\"strong\",{children:\"severity of the financial effect\"}),\" (in absolute or relative monetary terms) and the \",/*#__PURE__*/e(\"strong\",{children:\"likelihood of occurrence\"}),\".\"]}),/*#__PURE__*/e(\"h4\",{children:\"Setting thresholds\"}),/*#__PURE__*/e(\"p\",{children:\"To determine which impacts, risks and opportunities are material to your company, you have to set appropriate thresholds (ESRS 1 paragraph 42). While ESRS 1 sets criteria for the materiality assessment, it does not define specific thresholds. This step therefore requires your own judgment. A sustainability topic is considered material if at least one IRO is above the threshold. A topic could therefore be considered material from:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"the impact perspective (impact materiality);\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"the financial perspective (financial materiality); or\"})}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"from both perspectives (double materiality).\"})})]}),/*#__PURE__*/e(\"p\",{children:\"Sustainability topics with no material IROs would be classified as not material.\"}),/*#__PURE__*/e(\"h3\",{children:\"4. Prepare for reporting\"}),/*#__PURE__*/e(\"p\",{children:\"Once you have identified your material topics, you need to determine which disclosure requirements to include in your report. To do this, you can refer to the applicable topical standards to determine what information to disclose. For each material topic you will have to disclose policies, actions and targets, as well as any relevant metrics. For example, if you determine that the health and safety of your own employees is material due to their exposure to harmful chemical substances, you will need to disclose ESRS S1-1 Policies, S1-4 Actions, S1-5 Targets and S1-14 Health and safety metrics.\"}),/*#__PURE__*/e(\"p\",{children:\"In addition to the topical standards, you need to refer to and describe your materiality assessment and its outcomes in the following ESRS 2 disclosures:\"}),/*#__PURE__*/t(\"ul\",{children:[/*#__PURE__*/t(\"li\",{\"data-preset-tag\":\"p\",children:[/*#__PURE__*/e(\"p\",{children:\"IRO-1 Description of the processes to identify and assess material impacts, risks and opportunities;\"}),/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})})]}),/*#__PURE__*/t(\"li\",{\"data-preset-tag\":\"p\",children:[/*#__PURE__*/e(\"p\",{children:\"SBM-3 Material impacts, risks and opportunities and their interaction with strategy and business model; and\"}),/*#__PURE__*/e(\"p\",{children:/*#__PURE__*/e(\"br\",{className:\"trailing-break\"})})]}),/*#__PURE__*/e(\"li\",{\"data-preset-tag\":\"p\",children:/*#__PURE__*/e(\"p\",{children:\"IRO-2 Disclosure requirements in ESRS covered by the undertaking\u2019s sustainability statement. The undertaking shall also disclose how it has determined the material information to be disclosed, including thresholds and criteria used to assess such information (ESRS 2 paragraph 59).\"})})]}),/*#__PURE__*/e(\"p\",{children:\"By clearly documenting and disclosing the results of the double materiality analysis in your sustainability report, you will not only fulfill regulatory requirements but also build trust with stakeholders by demonstrating a thorough and transparent assessment of sustainability impacts and risks.\"}),/*#__PURE__*/e(\"h2\",{children:\"Final remarks\"}),/*#__PURE__*/t(\"p\",{children:[\"The \",/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/csrd-double-materiality-assessment\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"double materiality assessment (DMA) \"})}),\"is essentially the starting point of your CSRD journey. It is crucial to get this step right and implement it early on to ensure sufficient time for the due diligence and stakeholder involvement it requires.\"]}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/features/dma\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"Atlas Metrics offers a DMA module \"})}),\"to help you implement your double materiality assessment according to ESRS requirements, guiding you throughout your journey with actionable steps.\\xa0\"]}),/*#__PURE__*/e(\"h3\",{children:\"Analyzing your stakeholders\"}),/*#__PURE__*/e(\"img\",{alt:\"\",className:\"framer-image\",height:\"438\",src:\"https://framerusercontent.com/images/M1BdUacwTswVPf1JlVMTnoj52cA.png\",srcSet:\"https://framerusercontent.com/images/M1BdUacwTswVPf1JlVMTnoj52cA.png?scale-down-to=512 512w,https://framerusercontent.com/images/M1BdUacwTswVPf1JlVMTnoj52cA.png?scale-down-to=1024 1024w,https://framerusercontent.com/images/M1BdUacwTswVPf1JlVMTnoj52cA.png?scale-down-to=2048 2048w,https://framerusercontent.com/images/M1BdUacwTswVPf1JlVMTnoj52cA.png 2206w\",style:{aspectRatio:\"2206 / 876\"},width:\"1103\"}),/*#__PURE__*/e(\"h3\",{children:\"Identifying your impacts, risks and opportunities\"}),/*#__PURE__*/e(\"img\",{alt:\"\",className:\"framer-image\",height:\"321\",src:\"https://framerusercontent.com/images/1CQSJtn61cqbp8motGbabTZdbQ.png\",srcSet:\"https://framerusercontent.com/images/1CQSJtn61cqbp8motGbabTZdbQ.png?scale-down-to=512 512w,https://framerusercontent.com/images/1CQSJtn61cqbp8motGbabTZdbQ.png?scale-down-to=1024 1024w,https://framerusercontent.com/images/1CQSJtn61cqbp8motGbabTZdbQ.png?scale-down-to=2048 2048w,https://framerusercontent.com/images/1CQSJtn61cqbp8motGbabTZdbQ.png 2208w\",style:{aspectRatio:\"2208 / 642\"},width:\"1104\"}),/*#__PURE__*/e(\"h3\",{children:\"Assessing your impacts, risks and opportunities\"}),/*#__PURE__*/e(\"img\",{alt:\"\",className:\"framer-image\",height:\"504\",src:\"https://framerusercontent.com/images/EJ8K68rT4e4ICLWaaTHzEF85tBE.png\",srcSet:\"https://framerusercontent.com/images/EJ8K68rT4e4ICLWaaTHzEF85tBE.png?scale-down-to=512 512w,https://framerusercontent.com/images/EJ8K68rT4e4ICLWaaTHzEF85tBE.png?scale-down-to=1024 1024w,https://framerusercontent.com/images/EJ8K68rT4e4ICLWaaTHzEF85tBE.png?scale-down-to=2048 2048w,https://framerusercontent.com/images/EJ8K68rT4e4ICLWaaTHzEF85tBE.png 2206w\",style:{aspectRatio:\"2206 / 1008\"},width:\"1103\"})]});export const richText15=/*#__PURE__*/t(a.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"Supply chain emissions are typically the largest emissions category for businesses. They are also among the most complex to measure accurately. Given their climate impact and significant influence on brand reputation and regulatory compliance, it is essential or organisations to adopt the right measurement methods from the start.\"}),/*#__PURE__*/e(\"h2\",{children:\"What are supply chain emissions?\"}),/*#__PURE__*/e(\"p\",{children:'Supply chain emissions make up the largest category for nearly every type of business. These emissions result from a business\\'s procurement of goods and services. According to the Greenhouse Gas Protocol, they fall under Scope 3, category 1, which includes \"all upstream (i.e., cradle to gate) emissions from the production of products purchased or acquired by the reporting company.\" '}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(\"em\",{children:\"Explore \"}),/*#__PURE__*/e(i,{href:\"https://www.atlasmetrics.io/blog/understanding-scope-1-2-and-3-emissions\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:/*#__PURE__*/e(\"em\",{children:\"our guide to emission scopes\"})})}),/*#__PURE__*/e(\"em\",{children:\" for more details on these categories. \"})]}),/*#__PURE__*/e(\"h2\",{children:\"Why measure them?\"}),/*#__PURE__*/e(\"p\",{children:\"Procurement has become part of a business's brand identity and value proposition, including any supply chain impacts.\"}),/*#__PURE__*/e(\"p\",{children:\"Consumers and businesses do not differentiate between legal ownership and brand ownership: if a clothing brand hires a supplier with environmental, social, or human rights issues, consumers will hold the brand accountable. Similarly, a sustainable business will take responsibility for the successes of its procurement strategies, which extends to its suppliers' successes.\"}),/*#__PURE__*/e(\"p\",{children:\"Regulators share this viewpoint, exemplified by the EU's CBAM, which assigns a fair price to carbon emissions from goods produced outside the EU. Investors also reflect this through the growth of climate-related funds and SFDR regulation.\"}),/*#__PURE__*/e(\"p\",{children:\"In summary, not measuring supply chain emissions can harm brand reputation. Additionally, there are regulatory and financial risks due to investor sentiment and changes in capital allocation.\"}),/*#__PURE__*/e(\"p\",{children:\"Measuring, managing, and reporting supply chain emissions is essential for engaging with today's markets, with measurement often being the starting point.\"}),/*#__PURE__*/e(\"h2\",{children:\"Tips for calculating your supply chain emissions\"}),/*#__PURE__*/e(\"h3\",{children:\"1. Prioritize practicality\"}),/*#__PURE__*/e(\"p\",{children:\"When measuring supply chain emissions, prioritize practicality and focus on the most significant areas. Each year, aim to improve data collection and quality: this is more valuable than striving for absolute precision from the outset.\"}),/*#__PURE__*/t(\"p\",{children:[/*#__PURE__*/e(i,{href:\"https://ghgprotocol.org/sites/default/files/standards/ghg-protocol-revised.pdf\",motionChild:!0,nodeId:\"HpqY_geCm\",openInNewTab:!0,scopeId:\"contentManagement\",smoothScroll:!1,children:/*#__PURE__*/e(n.a,{children:\"According to the GHG Protocol\"})}),\",\\xa0 \u201CData should be sufficiently precise to enable intended users to make decisions with reasonable assurance that the reported information is credible\u201D. Companies should make a sincere effort to provide a complete, accurate, and consistent account of their GHG emissions.\"]}),/*#__PURE__*/e(\"p\",{children:\"Transparently document and justify any gaps in estimating emissions to ensure reliability in reported data and pave the way for enhanced accuracy over time. The objective is to develop a credible and continuously improving emissions inventory rather than pursuing exhaustive and potentially overwhelming reporting.\"}),/*#__PURE__*/e(\"h3\",{children:\"2. Adopt a step-by-step approach to improve over time\"}),/*#__PURE__*/e(\"p\",{children:\"There are several methods available for measuring supply chain emissions, each with its own benefits and challenges. Initially, companies often begin with spend-based approaches such as Environmentally Extended Input-Output (EIO) analysis. This method uses economic data to estimate emissions based on expenditure on various goods and services. While straightforward to implement, EIO analysis may not accurately capture specific supplier practices. Nonetheless, it offers significant potential in terms of coverage and identifying critical areas for improvement in the supply chain.\"}),/*#__PURE__*/e(\"p\",{children:\"Another advanced method is Life Cycle Assessment (LCA), which evaluates the environmental impacts throughout a product's entire life cycle. This thorough approach provides detailed insights but can be resource-intensive and complex.\"}),/*#__PURE__*/e(\"p\",{children:\"As companies progress, they can adopt more precise methods like obtaining emissions data directly from suppliers. This supplier-based disclosure approach offers a clearer and more accurate view of supply chain emissions but necessitates robust supplier engagement and data-sharing practices.\"}),/*#__PURE__*/e(\"p\",{children:\"Over time, companies can transition from broad estimates to gathering specific, detailed data. By starting with simpler methods and gradually integrating more sophisticated techniques, they can enhance the accuracy and reliability of their emissions reporting. This step-by-step approach allows companies to improve data quality incrementally while managing practical implementation challenges.\"}),/*#__PURE__*/e(\"h3\",{children:\"3. Keep your measurement process transparent\"}),/*#__PURE__*/e(\"p\",{children:\"Transparency is essential in measuring supply chain emissions. It's crucial to clearly communicate what has been measured and how it was done, whether through spend-based methods, direct supplier data, or LCAs. Companies should openly discuss their methodologies and any data limitations. By being transparent about the scope, accuracy, and gaps in emissions reporting, companies foster trust and show their dedication to ongoing enhancement.\"}),/*#__PURE__*/e(\"h2\",{children:\"How Atlas Metrics can help\"}),/*#__PURE__*/e(\"p\",{children:\"Atlas provides comprehensive support for supply chain emissions management. Spend-based estimation of your entire supply chain can be generated through our advanced EIO model. For a step further in data quality, organizations can opt for Life Cycle Assessment (LCA) methodologies. 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