In the face of climate change, governments are designing urgent and decisive policy tools to mitigate the impacts of greenhouse gas emissions. While ambitious environmental policies have been published in some countries, the European Union launched, in early October, the first system in the world to impose fees on carbon dioxide emissions on imported products with a high carbon footprint, such as iron, steel, cement, aluminum, and fertilizers, as part of its attempt to prevent more polluting foreign products undermine his attempt to mitigate climate change.

The talk will address the mechanism for adjusting carbon borders in the European Union as a pivotal step towards aligning international trade with ambitious climate goals, by imposing a carbon-related cost on some imported goods, as the CBAM aims to address carbon leakage, enhance global climate action, and protect the competitiveness of industries.

The global arena is witnessing rapid development in the field of disclosure of environmental risks and management. Several international initiatives have been spearheaded, such as TCFD, SBTN and TNFD with an aim to lay down transparent and effective standards and frameworks for addressing critical issues, like climate change and biodiversity.

Therefore, talks will thrash out the features and concepts of these frameworks and means of putting them into effect.

The talk examines strategies and mechanisms for writing environmental and social governance reports, along with the best tools and methods for selecting, collecting, and analyzing information to achieve accurate results. Additionally, it presents opportunities and challenges faced by businesses in preparing such reports.

Social governance is a concept linked to guiding institutions and companies to achieve sustainable growth and create shared value for business and society as preparing Social Impact Reports plays a pivotal role in supporting the social dimension of companies and measuring their contribution to achieving sustainable development also, the measuring Social Return on Investment (SROI) is an important tool for evaluating the social and environmental impact of projects and social initiatives as the SROI analysis focuses on pinpointing the ensuing social and environmental value compared to the financial investment, by offering financial-wise assessment of intangible impacts.

Therefore, the talks cover how far social impact reports concentrate on measuring and documenting the positive and negative impacts of the company’s activity on the community, including economic, social, environmental and health effects, in addition to the most globally used standards in preparing Social Impact reports, such as the Global Reporting Initiative (GRI) Standards, the Sustainability Accounting Standards Board (SASB) Standards, and the B Lab – B Impact Assessment Framework.