Prepare for the sustainability regulations coming in 2023 — April 2023

The following appeared in the April edition of Perspectives Pulse. Subscribe and get May's edition straight to your inbox to see what's happening in the industry first.

Welcome to the Perspectives Pulse. It's fun to predict the future, so...

Which market force do you anticipate affecting your business MOST in the next year?

• ?Geopolitical forces
• Energy scarcity and volatility
• Climate change and extreme weather
• Pressure to report ESG performance and manage data
• The energy transition and emergence of new clean energy technologies
• Legislative developments and new regulations (US SEC and EU CSRD)

Take our 1-question poll and see how your peers answered in the next newsletter.

Last time we asked: What's?the drive behind your sustainability journey??As promised,?check out the bottom of this newsletter to see how your peers responded.

Upcoming Event

WEBINAR: Start preparing for the Corporate Sustainability Reporting Directive (CSRD)

On Thursday, April 26 (2:00pm BST | 3:00pm CEST | 9:00am EST) our experts will discuss?Embracing the Corporate Sustainability Reporting Directive (CSRD)?in our upcoming live webinar.

In the wake of the EU Green deal, the European Commission adopted the Corporate Sustainability Reporting Directive.?The CSRD is much broader in scope and includes more detailed reporting requirements, with a much greater focus on ESG-related disclosures. This type of data is much more expansive than many other metrics companies are familiar with tracking which can bring complex challenges.

The new directive will?apply to all EU-based organizations who have 2 of the below:

• A net turnover of €40m or more
• At least €20m in assets
• 250+ employees

In addition, non-EU companies that have a turnover of above €150 million in the EU will also have to comply.

Our experts will discuss?Embracing the Corporate Sustainability Reporting Directive (CSRD)?in our upcoming live webinar. Join us online Thursday, April 26 (2:00pm BST | 3:00pm CEST | 9:00am EST) to learn reporting requirements, timescales, and what you can do to start preparing. A link to the webinar recording will be shared with all registrants.

EU Renewables

What's going on with the European renewable energy market?

Global energy volatility is driving a need for energy supply security. Meanwhile,?the rise in corporate interest and competition in renewable projects?combined with global supply chain disruptions, inflation, and rising interest rates are making some renewable projects more expensive to develop.

There are positives to look out for this year, including supply chain renewables initiatives, such as Energize, are attracting more companies to reduce their Scope 3 emissions, Power Purchase Agreement markets are increasing development in current markets like Germany and France, and new markets are developing in Romania, Hungary, and Greece.

Sit down with our experts in the?FREE market intelligence report?on the renewable energy market in Europe, where you’ll get a peek into:

• The demand for renewables in Europe for 2023
• Indicative pricing and in-country market opportunities
• What we saw in 2022 and the?market trends we’re watching now
• How finance, energy volatility, decarbonization, and regulations are interacting and influencing each other

2023 Markets

Finance + Decarbonization + Volatility + Regulations = 2023 Energy Markets

It’s been a year for energy volatility. Although we can’t get out the crystal ball and know what is coming for the year, we can give you some insight into the?volatility trends we’re seeing?and how they’ll impact the rest of the year.

Tune into our recorded webinar?and walk away knowing:

• How global regulations may alter the energy landscape
• How to Improve energy security and increase resiliency
• How to secure and manage energy supply through digitization
• What’s driving the need for resilience and energy supply security
• How to create structured energy and sustainability strategies to decarbonize

What We're Watching

• The?role of the private equity sector?in the net-zero transition
• Schneider Electric reimagines the?ESG data management challenge?with EcoStruxure? Resource Advisor

Conversation Starters

• The US has replaced Russia as?Europe's top crude oil supplier
• For the first time,?renewable energy generation beat out coal in the US
• Ocean temperatures just hit a new record high before the expected warmer temperatures brought by El Ni?o,?signifying "severe and unprecedented impacts for many parts of the world"

Last Month Poll Results

Which best describes the drive behind your sustainability journey?

Subscribe to the only newsletter bringing you what energy and sustainability experts are reading