How ESG reporting software can help companies meet requirements
Businesses are required to provide various reports detailing their activities primarily to governments and other regulatory agencies. Regular reporting is a key component of compliance, and companies need it to stay in business and avoid penalties. Of course, reporting is also an important part of building trust in an organization, which is important for transparency for investors and the public interest. Also read: Managing ESG risks – new supply chain challenges ESG reporting software, in particular, can help companies ensure that requirements for certain aspects of their operations are being met. By using ESG reporting software, companies can improve the accuracy and efficiency of achieving their sustainability goals. What is ESG reporting? ESG reporting is a range of potential reports that a company may produce as a way of highlighting its environmental, social and governance aspects. Government regulations may require businesses to report periodically to determine their impact on various social, governmental or environmental systems. Although reporting is often mandatory,…
Survey highlights logistics industry’s lack of preparedness
Global logistics solutions provider Trade Tech, Inc. has released the results of a recent survey revealing critical knowledge and preparedness gaps regarding the EU’s upcoming ICS2-ENS and EORI requirements. Despite widespread awareness of the regulations, less than half of survey respondents expressed readiness to comply with the ICS2-ENS compliance deadline of December 4, 2024. This delay in preparation creates significant risks for companies handling transport into and within the EU. Also read: Embracing ICS2-ENS: Leading the future of global trade with precision and insight Key insights from the survey include ICS2-ENS Awareness: Nearly 47% of respondents lacked awareness of ICS2-ENS requirements, highlighting a considerable knowledge gap. Compliance readiness: Only half of respondents are on track to meet the December 2024 compliance deadline. Regulatory timeline awareness: More than half (56.5%) are aware of compliance deadlines, while many remain unaware of timelines. Expected operational impact: While 58.8% of industry participants expect an impact from ICS2-ENS, 32.9% are unsure of the regulation’s impact.…
Going green: the impact of low-carbon zones on European cities
The DFS explores the impact of low emission zones (LEZs) on the continental fuel landscape in the coming years. Also read: Lessons from ports: How to seek $3 billion in zero-emission subsidies from the US Signs displaying the latest Low Emission Zone (LEZ) guidelines have become a common sight in Europe’s urban areas, with 320 LEZs currently in place across the continent and expected to reach 500 by 2025. The system has been praised for improving the city’s air quality, reducing overall road traffic, and boosting the local economy. According to the latest statistics, Italy leads the way with 172 low-emission zones established nationwide, followed by Germany with 78. Meanwhile, most countries are still in the early stages, with fewer than 20 low-emission zones each. But will this change in the future? Fuel supply company Dover Fueling Solutions (DFS) explores the impact and explains how Low Emission Zones (LEZs) could change the continent’s fuel supply landscape in the coming years.…