B Lab Europe’s Post

The Earth Enterprise Project Way back in 1979 Dr Katheryn Pick wrote a thesis on how the element of depleting world resources should be taken into account when considering company profitability. Moreover, this can also be extended to statistics on country GDP - re-aligning concepts of which are the wealthiest countries. If you would like to read her original thesis then you can find it here. Note that you will need to register with our web site to view this content. https://lnkd.in/esmxCyjs

𝗦𝘂𝗴𝗴𝗲𝘀𝘁𝗲𝗱 𝘀𝗶𝗺𝗽𝗹𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: 𝗹𝗮𝘁𝗲𝘀𝘁 𝗻𝗲𝘄𝘀 𝗼𝗻 #𝗖𝗦𝗥𝗗, #𝗖𝗦𝟯𝗗 𝗮𝗻𝗱 𝗘𝗨 #𝗚𝗿𝗲𝗲𝗻𝗧𝗮𝘅𝗼𝗻𝗼𝗺𝘆 Another update from Brussels. Early November, the EU President shared that the 3 rules will be simplified and ideally be merged. As said, the EU Commission would only like to simplify the 3 rules. However, the discussions around the delay of the EUDR have shown that it might not be as simple as it seems. Only time can tell if the rules will be changed significantly or only simplified. 🚩More information can be found in the Budapest Declaration: https://lnkd.in/gypRCubz. 🚩This declaration is sort of a reaction on the report of Draghi which can be found here: https://lnkd.in/g_574TKt. You can read more here: 👉https://lnkd.in/gpsTgcKj 👉https://lnkd.in/gs7bkVy2 👉https://lnkd.in/gRfUqqxa 👉https://lnkd.in/gHaYwsvB #GreenDeal #EU

Finally, we have a deal! 🎉 After a protracted period filled with uncertainty and challenges, the EU member states have reached a consensus, endorsing the compromise on the EU Corporate Sustainability Due Diligence Directive today. Despite the negotiations resulting in a narrower focus — now impacting only 0.05% of EU companies — this development marks a critical stride towards the establishment of a unified legal framework across the EU for #responsiblebusinessconduct. This forthcoming framework is poised to guide companies through the complexities of managing #humanrights and #environmental considerations within their expansive global supply chains, thereby promoting equitable standards and legal clarity throughout the #SingleMarket. A special round of applause is due for the Belgian Presidency of the Council of the European Union 2024, whose unwavering dedication and successful navigation through significant challenges paved the way for this agreement among the EU member states. We now look forward to the final ratification of the #CSDDD in the European Parliament!

On Friday, a significant milestone was reached in Europe with the agreement on the #CSDDD. This legislation marks a crucial step towards creating a level playing field, a principle that we at AIM-Progress have long championed through our efforts to integrate #HumanRights #DueDiligence into our members' responsible sourcing programs. While this progress is commendable, the journey from recognizing human rights risks and enhancing transparency to tackling the root causes and ensuring decent work for all workers and farmers is where the real challenge lies. Our ongoing mission will be to harmonize supplier requirements and empower suppliers worldwide to take ownership of their human rights’ due diligence processes. At AIM-Progress, we remain committed to supporting our members in this critical area, fostering co-creation of solutions, and spearheading practical, collaborative initiatives to address these challenges head-on.

As the Belgian Presidency has come to a close, we reflect on its significant achievements within the EU, including the adoption of 89 legislative texts amid European Parliament elections. The dedicated efforts of REPER Willem van de Voorde and Pierre Cartuyvels were instrumental in this success. This term also marked exceptional collaboration between Belgium's three regions and the federal level, alongside a notable tenure as the Presidency of the BENELUX, fostering regional unity and effective cooperation. Key Achievements for Businesses: ✨ Net Zero Industry Act (NZIA): Will remove barriers to investment in sustainable technology and encourage innovation to meet the EU’s 2030 climate and energy targets  🌍Green Deal: It has put the emphasis on strengthening the internal market and sustainable industry to facilitate the shift to clean energy and increase the EU’s resilience and open strategic autonomy. 📦Packaging: Introduced regulations for sustainable packaging, promoting eco-friendly materials. 🌿Nature Restoration: The Belgian Presidency was crucial in the Nature Restoration Law by facilitating negotiations between the European Parliament and member states, leading to the political agreement and final adoption of the law. 📜Corporate Responsibility: finalised the Corporate Sustainability Due Diligence Directive, improving transparency and accountability in supply chains 🤖AI Act: The Artificial Intelligence Act and the Cybersolidarity Act have been adopted, progress has been made towards an EU-wide high-speed gigabit network. 📈Antwerp Declaration: Calls for a European Industrial Deal to complement the EU Green Deal and safeguard quality jobs in Europe. 🌱Letta Report: Sets the strategic way towards the future of the Single Market for years to come. The Belgian Presidency has paved the way for sustainability, innovation, and business growth. #BelgianPresidency #Innovation #Sustainability #AI #GreenDeal #NetZeroIndustry #CorporateResponsibility

+++ Disruptive News: All Products to Feature Digital Product Passport - New EU Law is Adopted +++ Exciting news from the EU! Today the Council of the European Union has given its final approval to the Ecodesign for Sustainable Products Regulation (#ESPR), marking a major milestone in our journey towards sustainability. This groundbreaking regulation mandates that all products placed on the European market will require a #Digital #Product #Passport. This passport will provide comprehensive information on the environmental sustainability of products, enhancing transparency and enabling informed consumer choices. This initiative will significantly reduce the environmental impact of products, improve circularity, and drive innovation across various industries. It’s a transformative step that aligns with our commitment to a greener and more sustainable future. Read more about the regulation and its implications here: https://lnkd.in/eAfpm8jh And the Digital Product Passport will bring about positive realities for Europe! It won't be straightforward – a lot of work awaits us. However, many smart minds are working on the DPP concept in an interdisciplinary manner, connecting with each other, thinking from the perspective of businesses and end customers – for a circular economy that can and will work. #Sustainability #Ecodesign #GreenTransition #CircularEconomy #Innovation #digitalproductpassport

The long-standing partnership between Japan and Denmark, particularly in the maritime sector, is driving innovation in green shipping and technology. Denmark, with its expertise in marine technology, and Japan, with its prowess in ship design and operations, are jointly working towards climate-neutral shipping by 2050. The impact of this alliance extends beyond Japan and Denmark, playing a significant role in the global shift towards a sustainable and environmentally resilient future: https://lnkd.in/g-xYMebh

🚨 It's coming for you... are you ready?! A greenwashing bullsh*t detector - The Green Claims Directive 💚 If your company is not signed, sealed, and sorted, you could be hit with fines of up to 4% of your turnover or other sanctions, including losing the ability to participate in public procurement 😱 . 🔊 At Azote (https://www.azote.se/home/), our aim is to assist companies in becoming more sustainably driven and communicating exactly how they are doing it. We also collaborate with leading universities and researchers in the field. We are now advising companies as they navigate The Green Claims Directive, ensuring they are fully prepared when it comes into force later this year. Azote is built on science, communications, and creativity. ✨ We have also developed an AI specifically to assist us with the Green Claims Directive 😏 (but we verify everything ourselves!). We can use this in order to see where you stand and what you need to do to change... 🚥 Get in touch or leave a comment if you have questions or want to learn more.🙂 #greenclaimsdirective #azote #climate #sustainability #communications #strategy

🚨There Can Be No Business as Usual for European Industry🚨 says Judith Kirton-Darling The choices EU leaders make in the coming years will determine whether European industry has a long-term future. That is why the next European Parliament must make implementing a renewed European #GreenDeal, complemented by initiatives to bolster industry and attract broad public support, a top priority. prosyn.org/RLKFEZQ