On 17 June, Chartered Accountants Ireland hosted a webinar 'Why nature matters for accountants' 55% of global GDP – c. US$58 trillion – is dependent on nature & biodiversity. Nature is a core strategic business management issue, affecting financial performance, enterprise value and market competitiveness. In the webinar, speakers Rosie Dunscombe FCA and Dr Catherine Farrell explained: 🪴What is nature and why does it matter to business (global and local)? ❓What is meant by 'dependencies, impacts, risks and opportunities' in the context of nature 🏫How can businesses collaborate effectively with nature ❓The role of accountants in considering nature in their work 💻How to integrate nature into your work 5️⃣ Deep-dive into 5 key roles for accountants: board member | senior manager | analyst | report preparer | external auditor/assurance practitioners. A recording of this webinar is available to view, for free and on demand, HERE A copy of the slides available to view HERE

  In this week’s Sustainability/ESG Bulletin you can find a link to our webinar ‘Why Nature Matters to Accountants’, news of the Just Transition Commission’s first report, Ireland’s need to build climate resilience, and the launch of new resources launched to support SMEs with energy renovations. Also covered is how businesses in Ireland and Northern Ireland view sustainability, the provisional agreement reached on CBAM in the EU, a study on the ‘massive’ returns on climate adaptation investments, the launch of an online tool designed to help SMEs maximize the benefits of incorporating sustainability into their strategy and business operations, and the usual articles, resources and events.     Chartered Accountants Ireland Chartered Accountants Ireland has hosted a webinar on Why Nature Matters to Accountants, showing accountants how they can get on top of this business-critical issue. Watch back here: https://www.youtube.com/watch?v=n5sRUeGhBAs. Speakers included Dee Moran, Institute’s Head of Professional Accounting, Trinity’s Dr Catherine Farrell and Rosie Dunscombe, FCA and co-author of the Global Accounting Alliance’s Why Nature Matters to Accountants. Slides available via sustainability@charteredaccountants.ie   Ireland Ireland must rapidly build climate resilience, Taoiseach warns Taoiseach Michael Martin has warned that Ireland must rapidly build climate resilience as adapting to the escalating impacts of climate change becomes a central focus for the country. The Taoiseach was speaking at the National Economic Dialogue which is held annually and brings together representatives from across different groups in society to discuss the framing of economic and budgetary policy. With climate risks increasingly spanning all sectors of our economy, society, and environment, the Taoiseach stated: “Change is underway across our economy and society to realign ourselves for a low-carbon future. Decarbonisation, reducing emissions, is now at the heart of all our policies and sectors.”   Just Transition Commission’s first report calls for shared vision The first report of Ireland’s Just Transition Commission has urged the Government to develop a ‘bold and forward-looking strategy’ that places just transition at the heart of national climate action. Key recommendations in the report, which published this week, include developing a clear, strategic vision for a just transition that moves beyond siloed or reactive approaches, and strengthening the governance of the just transition by integrating it into the annual climate policy cycle with clear targets and sectoral actions.  The Just Transition Commission is independent advisory body established to advise the government on a fair and equitable transition to a climate-neutral economy.   Majority of businesses rank sustainability as an important day-to-day issue New research carried out on behalf of the Department of Enterprise, Tourism and Employment has found that four in five businesses (83 percent) believe sustainability is important to them on a day-to-day basis. Many have already taken steps to become more sustainable, with 63 percent of the businesses surveyed having addressed their waste, 41 percent their water usage and nearly half (49 percent) having taken steps to address energy efficiency. Just over one in three – mostly the medium/larger SMEs – also have a written sustainability strategy in place. The research is part of a survey of over 300 SMEs to identify what factors motivate small and micro businesses to become more sustainable, with findings published on enterprise.gov.ie.   Green Public Procurement in Ireland Remanufactured Laptops Framework The Office of Government Procurement (OGP) has published a case study on remanufactured laptops available for purchase for organisations through the BuyerZone of the OGP’s public procurement platform. The measure is part of the OGP’s commitment to offering value for money and contributing to the circular economy through its Remanufactured Laptops Framework established in 2024.   EV charging updates Minister for Transport Darragh O’Brien has announced the sites of 53 new high-power recharging hubs to service the expanding electric vehicle (EV) fleet across Ireland’s national road network. An allocation of almost €8 million will be provided to support grants for recharging infrastructure at the selected sites, with chargers set to be in place by the end of this year. The announcement is part of a wider plan to build a reliable recharging network across the country, with the distance between recharging hubs to be 60km or less. Enterprises such as petrol/service station operators, car park owners, hotels, supermarkets/retail outlets, and others with publicly accessible sites, could apply through a competitive grant process for funding. The total allocation for this aspect is €7.9 million. Separately, Minister O’Brien has announced that the 2025 Electric Small Public Service Vehicle (eSPSV25) Grant Scheme will re-open on Monday 23 June. Since its inception in 2018, the eSPSV Grant Scheme has facilitated over 3,200 SPSV operators to make the switch to electric vehicles.   Call for views on making Ireland’s transport system more resilient The Department of Transport has invited public views on a plan which sets out how Ireland’s transport system can become more resilient to the effects of climate change. The consultation on the revised Transport Climate Change Sectoral Adaptation Plan (T-SAP II) invites feedback from anyone who uses, works in, or depends on Ireland’s transport system. Unlike other climate plans, which focus on climate change mitigation – reducing emissions – this plan focuses on adaptation, i.e. preparing for the changes that are already happening, like flooding and storms. The plan draws on updated science and data, and strong integration across sectors and regions, and the consultation and is open until Friday 4 July 2025. Separately, the Climate Change Advisory Council (CCAC), has said that the transport sector, which saw emissions decrease by an estimated 1.3 percent last year, needs urgent government intervention to support sustained emissions reductions. It has reportedly called for a “comprehensive review of taxation in the transport sector” by the Department of Finance, including of carbon tax, distance-based charges, excise duty, fuel pricing motor tax and VRT, to completed by the end of the first carbon budget in 2025m and aligning with the polluter-pays principle. The CCAC is the independent body tasked with assessing and advising on how Ireland can achieve the transition to a climate-resilient, biodiversity-rich, environmentally sustainable and climate-neutral economy.   Cross-border commitment to the North-South Interconnector reaffirmed Minister for Transport Darragh O’Brien has reaffirmed the Irish Government's commitment to the North-South Interconnector, speaking of a "clear and shared desire to advance [the] project due to the significant benefits it will deliver for consumers and businesses across the island”. Both Minister O’Brien, and Minister for the Economy, Caoimhe Archibald representing the Northern Ireland Executive, emphasised that electricity grid projects, such as the North-South Interconnector, are vital for improving energy affordability, enhancing energy security and reducing emissions across the island of Ireland. Commenting, Minister Archibald described energy decarbonisation as presenting “shared opportunities and challenges” and that by working together, both jurisdictions can deliver a net zero future with opportunities an opportunity for a fairer and more prosperous economy.   UK/Northern Ireland Report notes decrease in Northern Ireland’s emissions Northern Ireland’s 2022 greenhouse gas emissions reduced by 26 percent since 1990, according to the recently released 17th annual Northern Ireland Environmental Statistics Report. The report, published by the Department of Agriculture, Environment and Rural Affairs (DAERA), also found that the level of public concern about environmental issues was high in 2024/25, with 73 percent very or fairly concerned about the environment.   Report notes decrease percentage of electricity consumption generated from renewable sources in Northern Ireland A report detailing the percentage of electricity consumption generated from renewable sources in Northern Ireland shows a decrease of 2.4 percentage points on the previous 12-month period (year ending March 2024). The report excludes microgeneration, non-export generating stations and any imported electricity derived from known or unknown renewable sources. Commenting, Steven Agnew, Director RenewableNI called on policy makers to prioritise the delivery of the new renewable electricity support scheme, commit to complete the North South Interconnector before 2030 and deliver an effective system for long duration energy storage.  “What’s crucial to keep in mind is that not only is Northern Ireland obliged to reach 80% renewables by 2030 through the Climate Act, achieving this goal will bring significant rewards with it for our economy, the environment and consumers.”   FRC overhauls Investor Stewardship Code to focus on value creation, reducing burdens and enhanced engagement between market participants The Financial Reporting Council (FRC) has published the UK Stewardship Code 2026 which aims to support long-term sustainable value creation while significantly reducing the reporting burden for signatories. The new Code, which currently has nearly 300 signatories who represent around £50 trillion in assets under management, will take effect from 1 January 2026. It includes an updated definition of stewardship as “responsible allocation, management and oversight of capital to create long-term sustainable value for clients and beneficiaries”. After the Code's introduction on 1 January 2026, a transition year will follow, during which no existing signatories will be removed from the signatory list following their 2026 application. The aim of this is to give signatories time to familiarise themselves with the Code's new format.   Sustainability and net zero intentions ‘not translating into action’ InterTradeIreland’s latest All-island Business Monitor survey has found that SMEs’ intentions around sustainability and net zero are not translating into action, and that companies do not have the time to focus on strategic priorities like skills development, sustainability, and competitiveness. Over half (55 percent) of survey respondents recognised the importance of sustainability and reaching net zero to their business, but only 17 percent currently have a plan in place, with a further 12 percent developing one. Among those without a net-zero strategy, eight in ten (86 percent) do not expect to have one within the next three years and four in ten (41 percent) cited the demands of daily operations as taking precedence over sustainability planning.  The survey, which is the biggest of its type across the island, collects the views of 750 business owners and managers. It was conducted between 7 April and 9 of May, immediately after the announcement of new US trade tariffs.   Resources to support members in sustainable finance education An article has been published jointly by the professional bodies represented by The Sustainable Finance Education Charter (SFEC) outlining various resources to support their members, and recommending future activities to build capacity across its members and to help accelerate action in embedding nature into financial decision-making. The Charter is the UK’s main policy mechanism to improve sustainability-related skills and expertise to support green and sustainable finance policy delivery. It is a partnership between 14 leading global professional bodies with more than 1 million members, Department for Energy Security and Net Zero (DESNZ), and the UK’s Green Finance Institute.   EUROPE Provisional political agreement on CBAM proposal Provisional political agreement has been reached between the European Parliament and the on the Commission proposal to simplify and strengthen the EU's carbon border adjustment mechanism (CBAM). The simplification seeks to provide cost-efficient compliance improvements to the CBAM regulation, without compromising its climate goals.  The European Parliament and the Council must now formally adopt the package before it can enter into force. It will enter into force 20 days after its publication in the Official Journal of the EU.   WORLD IFAC launches ‘The Small Business Sustainability Checklist’ The International Federation of Accountants (IFAC), in collaboration with the Edinburgh Group (EG), has launched a pioneering online tool designed to help small- and medium-sized enterprises (SMEs) maximize the benefits of incorporating sustainability into their strategy and business operations. Developed specifically for IFAC and EG members to provide to their own members, The Small Business Sustainability Checklist is an interactive tool that provides practical steps to future-proof businesses and boost sustainability practices. It is designed to be tailored by each business according to its industry sector, lifecycle, and products and services. According to IFAC’s press release states, the checklist “empowers accountants to position themselves as sustainability leaders within their firms while also guiding their clients toward their own sustainability goals.”   Building Capacity & an Effective Sustainability Reporting Ecosystem for SME IFAC and others are hosting Building Capacity & an Effective Sustainability Reporting Ecosystem for SME a 45-minute fireside chat to mark UN Micro-, Small and Medium-sized Enterprises (MSME) Day on 25 June. Co-hosted by IFAC, OECD, The World Bank Centre for Financial and Sustainability Reporting Reform and UNCTAD, a panel of experts will explore the role of international organizations and the accountancy profession in building capacity within SMEs. The speakers will explore why building capacity for sustainability reporting is crucial for SMEs and how they can overcome common challenges—from navigating reporting requirements to accessing digital solutions and expert support.   Study finds climate adaptation investments yield “massive returns” A study by the World Resources Institute has found that climate adaptation investments yield significant returns. The study, which analyzed 320 adaptation and resilience investments across 12 countries totaling $133 billion, found that every $1 invested in adaptation and resilience generates more than $10 in benefits over 10 years. Commenting, Sam Mugume Koojo, Co-Chair of the Coalition of Finance Ministers for Climate Action, said that “This research has pried open the lid on what resilience is truly worth — and even that first glimpse is staggering”. The study also reveals that over 50 percent of the documented benefits occur even if climate-related disasters do not happen. Technical Round Up (From our colleagues in Professional Accounting on 6 June) Wim Bartels, Chair of Accountancy Europe’s Sustainability Policy Group and member of EFRAG’s Sustainability Reporting Board, spoke on behalf of Accountancy Europe at the European Parliament (EP) Legal Affairs Committee hearing on sustainability reporting obligations on 13 May. During this, he shared some of the early insights of the CSRD and ESRD based on the first year of implementation. The International Sustainability Standards Board (ISSB) May 2025 update and podcast have been published. The International Sustainability Standards Board (ISSB) has published the recording of its tenth 'Perspectives on sustainability disclosure' webinar. The webinar is titled ‘Governance of sustainability-related risks and opportunities’. (From our colleagues in Professional Accounting on 20 June) The IFRS Foundation is joining London Climate Action Week from 21–29 June 2025.  This event will bring together key stakeholders, policymakers and international organisations. The IFRS Foundation has published jurisdictional profiles providing transparency and evidencing progress towards adoption of ISSB Standards. The IFRS Foundation has launched new e-learning modules to support companies in getting started with understanding the ISSB Standards. The modules include a mixture of written and visual content and interactive knowledge checks, designed to build foundational knowledge of the ISSB Standards. Resources New Resources Launched to Support SMEs with Energy Renovations A set of new practical and accessible tools have been launched to help Irish SMEs on their energy renovation journey. The Business Energy Upgrade resources directly addresses barriers to SMEs reducing their energy use by providing practical guidance, financial tools, and real-world inspiration to act. The suite includes: A decision-making toolkit to guide businesses through the upgrade process A technical and financial analysis tool with data to support planning and investment decisions A financial handbook outlining available grants, tax supports, and loan options A basic starter guide for SMEs, including practical tips for beginning their energy upgrade journey A selection of case studies showcasing successful commercial building upgrades The suite was created by The Irish Green Building Council (IGBC), in partnership with Dublin Chamber, Sustainability Works, the University of Galway, and the Society of Chartered Surveyors Ireland. The Business Energy Upgrade suite is part of the ENACT initiative, supported by the Sustainable Energy Authority of Ireland (SEAI). All resources are now freely available to download at https://constructinnovate.ie/enabling-commercial-retrofit/ *** Presentations are now available from the webinar on Responsible Business initiatives: Sustainability, which took place in April 2025. The presentations cover Enterprise Ireland’s Sustainability Capability Development Supports, OECD Guidelines for Multinational Enterprises on Responsible Business Conduct (RBC), and the Implications of the Green Transition Directive. **** The June issue of Accountancy Europe’s Sustainability Update is now available, with the following highlights: European Commission seeks to review Sustainable Finance Disclosure Regulation ECB recommendations on the Omnibus IFAC global study on sustainability assurance Introduction of international standard on sustainability assurance (UK) 5000 French transposition of Omnibus Stop-the-Clock directive   Did you know? Plastic Free July® is a global movement that helps millions of people be part of the solution to plastic pollution. A registered charity based in Australia, Plastic Free July® operates across the globe, inspiring 100+ million participants in 190 countries.  It provides resources and ideas to help you (and millions of others around the world) reduce single-use plastic waste every day at home, work, school, and even at your local café. Resources include ‘Ideas and Solutions’, the Plastic Free Pledge and the Plastic Free July Quiz, which takes less than 5 minutes. Articles Ireland ‘silent’ on watering down of European Union’s sustainability rules for companies (Irish Times) Electricity grid ‘stretched’: EAI warns of missed targets without €2bn investment (Business Post) Helena Morrissey: It’s time to reset DEI in the City (The Times – Subscriber) Navigating audit’s future: AI, ESG and compliance (In the Black – CPA Australia) Events SustainabilityWorks, Guaranteed Irish, Meeting Customer Expectations on Sustainability: Tools and Tactics for SMEs SMEs increasingly need to demonstrate their sustainability credentials in tender submissions and sales pitches to large corporate customers. SustainabilityWorks are teaming up with Guaranteed Irish for a webinar to provide SMEs with practical advice and tips. Virtual, Tuesday, 24 June 1:00-1:30 PM   UN Sustainable Development Solutions Network (SDSN), Sustainable Development Report (SDR) 2025 launch The UN SDSN will launch its report which this year has a unique focus on reforming the Global Financial Architecture (GFA) and scaling up global financing flows to support the SDGs through 2030 and beyond. The launch event will present key findings from the SDR 2025, including the updated SDG Index and Dashboards, and will feature insights from high-level leaders and experts on transforming the GFA to better serve sustainable development. Virtual, Tuesday, 24 June, 2024, 8:00 AM to 9:45 AM EST.     Enterprise Northern Ireland, Funding for Growth: Transitioning Your Business to Net Zero The third session in a three-part in-person series for Micro and Small Businesses, which also includes events on Accessing Debt Finance and Grant & Equity Finance, this session will cover the importance of net-zero in future-proofing your business, support available to help finance your transition to net-zero, and how small businesses are leading the charge to net-zero In person, Thursday 26 June 2025, 9:30am to 1:30pm, Venue: Craigavon Industrial Development Organisation, Portadown, Cost: Free   Grant Thornton, CSRD – After the Omnibus Dust Has Settled Expert panel discussion on implications of Omnibus Simplification Package proposal on changes to the Corporate Sustainability Reporting Directive (CSRD), how companies are adapting, and the evolving political landscape influencing ongoing negotiations. In person, Grant Thornton, 13-18 City Quay, 7 July 3 July, 9:30 - 11:30am   Dublin Chamber, International Roundtable on Circular Economy with ECOPath The ECOPath Project supports SMEs in adopting Circular Economy practices to strengthen and implement their ESG performance. It equips SME staff with the knowledge and skills needed to reduce their company’s environmental impact through circular approaches. Join EcoPath Project and SMEs from Sweden, Germany, Spain, and Croatia to discuss these approaches, and the curriculum developed so far and have your say. The curriculum will look at: Applicable regulatory frameworks in relation to ESG and SMEs; Identify key principles of the ESG framework; Distinguish between the environmental, social and governance dimension of sustainable reporting; Compare the most common sustainability frameworks (incl. CE, ESRS, CSRD, SDG, CSR, ESG, GRI...) Webinar, Wednesday 9 July, 10.00-11.30. Sustainability Centre You can find information, guidance and supports to understand sustainability and meet the challenges it presents in our online Sustainability Centre.    

  In this week’s Sustainability/ESG Bulletin read about Ireland’s first National Climate Change Risk Assessment, new sustainability coaching platforms and funding opportunities, Northern Ireland’s Green Skills Action Plan, secondary EU legislation for Net Zero Industry Act, a global SME Sustainability Information Survey, Central Bank warnings of GDP losses from extreme weather events, as well as the usual resources, articles, podcasts and upcoming events.     Chartered Accountants Ireland Chartered Accountants Ireland and other businesses join call to action   Chartered Accountants Ireland took part in a call to action on Pearse Street this week, urging Dublin City Council and local stakeholders to make Pearse Street greener, more vibrant and more engaging for street users - and to take meaningful action on the climate and biodiversity crises. In support of the initiative, Lord Mayor of Dublin, Emma Blain, and Green Party leader Roderic O’Gorman TD were in attendance, underlining the importance of collaboration between civic leaders and local communities to reimagine urban space. Read more here.   ⭐Last chance to enter: Chartered Star! ⭐ There are only days left to enter for your chance to become the 2025 Chartered Star! Expand your network, embrace new opportunities, be inspired and be part of a global community of change makers.  The 2025 Chartered Star competition celebrates the amazing work done by the Chartered community in support of the UN SDGs, whether that’s volunteering in your personal life, driving change in your workplace or through leveraging your ACA qualification. Along with the title of Chartered Star, the winner will attend the One Young World in Munich this November. Apply before midnight, this Sunday 8 June.  IRELAND NEWS The Environmental Protection Agency (EPA) has published its greenhouse gas emissions projections for the period 2024-2055, which indicate that planned climate policies and measures, if fully implemented, could deliver only up to 23 percent emissions reduction by 2030 compared to 2018. This falls short of the reduction target of 51 percent set out in Ireland’s Climate Act. The transport, industry and the buildings (residential) sectors are projected to be the furthest from their sectoral emission ceilings in 2030. Commenting, Laura Burke, Director General, EPA said that the figures highlight “the economy-wide effort needed to decarbonise our society” and the need for focus to shift from policy aspiration to practical implementation.”    Ireland’s first National Climate Change Risk Assessment publishes The EPA has also published the first National Climate Change Risk Assessment which assesses where, when and how climate risks are likely to impact Ireland. The risk assessment is intended to support the development of Sectoral Adaptation Plans by key government departments, and will guide the development of Local Authority Climate Adaptation Plans, and inform other national-level adaptation responses, such as that by the Central Bank of Ireland. It identifies 115 risks spanning all sectors of Ireland’s economy, environment and society, including risks to financial systems, energy, transport and communications, water security, public health, food production and supply chains, and ecosystems. Four priority risks identified are Flooding, Extreme Wind, Coastal Erosion and Flooding and Heat, all of which will require additional action in the next five years.   Bank of Ireland launches Sustainable Business Coach online platform for SMEs Bank of Ireland has launched a new Sustainable Business Coach online platform, a free tool designed to support SME business customers with sustainability planning and identifying ESG priorities. Underpinned by a globally recognised framework based on the UN’s Sustainable Development Goals, the platform is designed as an ESG questionnaire, with businesses answering a series of multiple-choice questions and thee resulting assessment providing a summary of their current sustainability position with key action areas. Action areas include greenhouse gas (GHG) emissions, employee engagement, energy usage, procurement and water & waste management. The platform was launched following research conducted by Bank of Ireland which revealed that most SMEs are unclear on how to implement sustainable growth plans; over 70 percent were concerned about the impact ESG requirements could have on their own enterprises.   Open Call for expression of interest to deliver Series 2 of the Growth and Sustainability Loan Scheme The SBCI has launched an Open Call for Expression of Interest to identify and select finance providers to deliver Series 2 of the Growth and Sustainability Loan Scheme (GSLS), the long-term low-cost scheme to support eligible businesses when investing in their growth and resilience or climate action and environmental sustainability. Proposals submitted to SBCI must conform to the requirements of the Call. Finance providers interested in presenting a submission must read the Guidance Document first. The closing date for receipt of Expressions of Interest is 17 June 2025.   SEAI National Energy Research Funding Call - 2025 Call Open The Sustainable Energy Authority of Ireland (SEAI) has announced that applications are now open for the 2025 SEAI National Energy Research, Development & Demonstration (RD&D) Funding Programme. Up to €19 million is available in Government funding through the Department of Climate, Energy and the Environment and co-funders including, Met Éireann, Climate Change Advisory Council Ireland, and Department of Agriculture, Food and the Marine. The 2025 call is open for applications from all research disciplines, and from public and private sector organisations, either applying individually or as part of a consortium. The deadline for submissions is 12 noon (Irish Standard Time) 1 July, with awards notified in Q4 of 2025.   NORTHERN IRELAND/UK Northern Ireland’s Green Skills Action Plan launches Northern Ireland Economy Minister Dr Caoimhe Archibald has launched a Green Skills Action Plan, developed in conjunction with an industry-led expert working group. The Action Plan provides a framework to guide government, employers, educationalists and individuals on what is required to deliver the skills and green jobs for the future. Commenting, Gordon Parkes, Executive Director People and Culture for NIE Networks and Chair of the Green Skills Delivery Group, said that the plan “presents a once in a generation opportunity to create an integrated green skills system that works effectively for individuals, business and the economy.”   How to support SMEs to cut carbon and costs The UK’s Federation of Small Businesses has published a policy report  New Growth - how to support small businesses to cut carbon and costs on the road to net zero. The report, which was supported by Zurich UK, highlights the pivotal role small businesses play in driving the transition to a sustainable economy and emphasises the need for tailored support to help SMEs decarbonize, especially those eager to embrace sustainability, but facing challenges such as limited knowledge, financial constraints, and regulatory complexity. Together, FSB and Zurich call for collaborative efforts to unlock the green economy’s potential and ensure small businesses are equipped to lead the charge toward net zero.   EUROPE European Commission launches secondary legislation for Net Zero Industry Act The European Commission has issued four new pieces of secondary legislation and a communication relating to the Net-Zero Industry Act (NZIA) which it states will help the EU's industry to become more resilient and competitive and will reduce its carbon footprint. The rules clarify which manufacturing projects can benefit from specific provisions in the Act, such as on permitting, strategic project status and on non-price criteria. They will help scale up the manufacturing of net-zero technologies that reduce greenhouse gas emissions and leverage the competitive advantage of the EU's clean tech industry.   EU Parliament supports proposals to simplify EU carbon leakage instrument The EU Parliament has endorsed the Commission’s proposal to simplify the EU carbon border adjustment mechanism (CBAM). The proposed changes are part of simplification efforts to reduce the administrative burden for SMEs and occasional importers. The proposal would exempt the vast majority (90 percent) of importers − mainly small and medium-sized enterprises and individuals − who import only small quantities of CBAM goods. The CBAM environmental objectives remain achievable, as 99 percent of total CO2 emissions from imports of iron, steel, aluminium, cement and fertilisers would still be covered by the rules. Parliament is now ready to start negotiations with Council on the final shape of the legislation.   European Commission endorses assessment of Ireland’s €115.5 million payment request The European Commission endorsed a positive preliminary assessment of Ireland's second payment request for €115.5 million under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU. The payment request supports six reforms and five investments that will benefit citizens and businesses in Ireland, focusing on enterprise emissions reduction, sustainable transport, carbon taxation, digitalisation in schools, businesses, and public administration, as well as ICT skills, healthcare, pensions, and housing. Flagship measures in this payment request include an investment to support the electrification of Cork rail, and an investment to support industry decarbonisation. The Commission has sent its preliminary assessment to the Economic and Financial Committee (EFC), which has four weeks to deliver its opinion, on receipt of which - and the adoption of a payment decision by the Commission - the payment to Ireland can take place.   Businesses call on EU to set 90 percent 2040 emissions-reduction target Over 150 businesses and investors have signed a joint letter calling on the EU to set a greenhouse gas emissions reduction target of at least 90 percent by 2040. The letter, which was coordinated by the Cambridge Institute for Sustainability Leadership’s Corporate Leaders Group Europe, states that “Businesses are ready to play a key role in translating climate targets into concrete action with the support of enabling measures and policies” . The science-based target reflects the urgency and benefits of near-term action, one that will bring economic opportunities and competitiveness benefits while increasing energy security for citizens and businesses, and improving the EU’s resilience to shocks. The signatories further argue that the target - and climate more broadly – should be considered as a central element of the EU’s overall strategy to achieve these objectives, thereby allowing the EU to lead the global race of development of sustainable industrial ecosystems and industries.    EU on track to meet 2030 emissions goal thanks to strong progress on renewables A European Commission assessment of member states’ updated National Climate and Energy Plans (NECPs) reportedly said the EU is “well on track” to reduce emissions by 54 percent by 2030, just one percent shy of its legally binding 55 percent target. Civil society groups, however, point to shortcomings in the NCPDs, saying that many lack the necessary ambition and policies to deliver the emissions reductions required, particularly in the field of energy efficiency. Ireland is among a coalition of NGOs from countries including France, Germany, Italy, Sweden, Bulgaria, Cyprus, and Malta which is reportedly calling on the European Commission to launch legal action against their governments for the shortcomings in their climate plans, which they consider to be not just policy failures but breaches of EU law.   WORLD Central Banks warn of GDP losses from extreme weather events The group of Central Banks and Supervisors that comprise the Network for Greening the Financial System (NGFS) has warned that extreme weather events could cause severe regional GDP losses, with effects on the global economy, and that delaying efforts to transition to a low-carbon economy could generate a global net economic loss. The warning was issued as NGFS unveiled its new short-term scenarios tool to assess the impact of climate shocks and policy shifts in the near term, adding to its established long-term models. The scenarios, released on 7 May, are the first publicly available tool offering a dedicated framework to analyse the potential near-term impacts of climate policies and climate change on financial stability and economic resilience.   Institutional investors leading the way in ESG Private capital managers have emerged as some of the strongest advocates of ESG, according to latest biennial ESG study carried out by BNP Paribas. The study sought the views of 420 institutional investors, including asset owners, asset managers and private capital firms, across 29 countries. The findings show that institutional investors remain committed to sustainable investing, with growing recognition of holistic approaches and links between climate, biodiversity and social impact being approach is key to their investment strategies.   International Standard on Sustainability Assurance (UK) 5000 The Financial Reporting Council (FRC) has issued a consultation on a proposed UK version of the International Standard on Sustainability Assurance (ISSA) 5000, “General Requirements for Sustainability Assurance Engagements”. Read more from Chartered Accountants Ireland.   IFAC and Edinburgh Group Global SME Sustainability Information Survey IFAC & Edinburgh Group Global are inviting you to complete a short survey (10-15 minute) of small- and medium-sized entities (SMEs) about sustainability information. Your response will contribute to global insights that help us to better understand the extent to which sustainability-related information is being prepared by SMEs, used by SMEs in internal decision-making, or provided to supply chains, lenders, or other stakeholders. With the data we gather, we’ll be able to better support SMEs with best practices and advocate for appropriate SME sustainability-related reporting and assurance rules and regulations. This will advance the accountancy profession’s pursuit of high-quality disclosure and assurance of sustainability-related information. The survey is open until June 30, 2025 and please see this short video for more information.   Resources   Business Briefing on Anti-Greenwashing Regulation & Mitigation Risk This playback of a special online business briefing from Ibec on complying with anti-greenwashing regulation and mitigating risk with subject matter experts from A&L Goodbody covers different types of greenwashing, the existing legislative and regulatory framework for green claims, and incoming legislation on the topic.   Open call for participants in ‘The Business of Nature Positive’ at Trinity Business School A call is now open for businesses to engage with Trinity Business School’s new module The Business of Nature Positive. Run by Dr Catherine Farrell, Assistant Professor of Business & Nature at Trinity College Dublin and BFBI Business Programme Lead with Business for Biodiversity Ireland, the module is its second year, following successful engagement by students with businesses from a broad range of sectors in Ireland. Participating is an opportunity for businesses to learn more about sustainability reporting. Chartered Accountants Ireland participated in the programme in 2025.   Articles Irish businesses still see benefit in sustainability initiatives, survey says (Irish Times) TNFD guide affirms nature as a director’s duty (ICEAW Insights) How your business interfaces with nature - Data and language of the double materiality assessment (Business for Biodiversity Ireland) New Leaving Cert course aims to encourage climate activism (RTÉ News) Bank Watchdogs Flag Near-Term Risks of Delaying Climate Efforts (Bloomberg) Sustainability-focused funds surpass €6 trillion (Law Society Gazette) The business case for a 90% 2040 emissions reduction target (Sustainable Views – Subscription) Class is the missing link in employers’ diversity drives (The Financial Times - Subscription) European Union warned not to row back on 2040 climate goals (The Irish Independent)   Podcast Outrage + Optimism: The End of Oil: Inside the Hidden Decline of Fossil Fuels | Earth Day Special (54 mins)   Events   Chartered Accountants Ireland, Why Nature Matters to Accountants Join Rosie Duncombe FCA, Dr Catherine Farrell, and Institute team members Dee Moran and Susan Rossney as they discuss nature in decision-making to build business resilience and competitive advantage. This free webinar will also cover the Global Accounting Alliance’s starter guide, Why nature matters to accountants. Virtual, Zoom, Tuesday 17 June, 12:00pm–12:45pm   Dublin Chamber, Business Energy Upgrades: Drivers, Funding & other Tools for SMEs Reducing energy use and energy-related costs makes perfect sense: it saves money, protects against energy costs volatility and enhances businesses' reputations. It also improves building occupants' comfort and helps everyone in the fight against climate change. Join us at this event to discover the range of funding supports and practical resources available to help businesses implement energy upgrades. As part of the event there will be a suite of resources launched including Energy Upgrade: Decision Making Toolkit, Case Studies for different building typologies, Technical Advice Report Guide for SMEs, and a Financial Handbook. In person, Venue: Dublin Chamber, 7 Clare Street, Dublin 2, Wednesday 18 June 2025, Time: 9.30am – 11.00am.   UN Sustainable Development Solutions Network (SDSN), Sustainable Development Report (SDR) 2025 launch The UN SDSN will launch its report which this year has a unique focus on reforming the Global Financial Architecture (GFA) and scaling up global financing flows to support the SDGs through 2030 and beyond. The launch event will present key findings from the SDR 2025, including the updated SDG Index and Dashboards, and will feature insights from high-level leaders and experts on transforming the GFA to better serve sustainable development. Virtual, Tuesday, 24 June, 2024, 8:00 AM to 9:45 AM EST.     SEAI, Introduction to Energy Management Training for SMEs The SEAI is running an Introduction to Energy Management Training for SMEs workshop aimed at the owners, senior managers and facilities managers of small and medium enterprises who have recently started out on their energy saving journey. This is a free 2-hour online workshop which supports SMEs in creating an Energy Action Plan. Virtual, Thursday 12 june 14.00-16.00.   Business Post, Sustainability in the Built Environment - Scaling the Decarbonisation of our Built Environment One-day summit bringing together leading researchers, practitioners and policymakers to explore innovative strategies for reducing the carbon footprint of our built environment. Featuring strategies and solutions for scaling up building decarbonisation, our agenda will explore innovation, policy, technology, best practices and the challenges and opportunities ahead to drive meaningful progress. In person, 17 June 2025, Croke Park.   Enterprise Northern Ireland, Funding for Growth: Transitioning Your Business to Net Zero The third session in a three-part in-person series for Micro and Small Businesses, which also includes events on Accessing Debt Finance and Grant & Equity Finance, this session will cover the importance of net-zero in future-proofing your business, support available to help finance your transition to net-zero, and how small businesses are leading the charge to net-zero In person, Thursday 26 June 2025, 9:30am to 1:30pm, Venue: Craigavon Industrial Development Organisation, Portadown, Cost: Free   Grant Thornton: CSRD – Where are we and what comes next? Our expert panel will explore the implications of these changes on the Corporate Sustainability Reporting Directive (CSRD), how companies are adapting, and the evolving political landscape influencing ongoing negotiations. In person, Grant Thornton, 13-18 City Quay, Thursday, 3 July, 9:30 - 11:30am   Dublin Chamber, International Roundtable on Circular Economy with ECOPath The ECOPath Project supports SMEs in adopting Circular Economy practices to strengthen and implement their ESG performance. It equips SME staff with the knowledge and skills needed to reduce their company’s environmental impact through circular approaches. Join EcoPath Project and SMEs from Sweden, Germany, Spain, and Croatia to discuss these approaches, and the curriculum developed so far and have your say. The curriculum will look at: Applicable regulatory frameworks in relation to ESG and SMEs; Identify key principles of the ESG framework; Distinguish between the environmental, social and governance dimension of sustainable reporting; Compare the most common sustainability frameworks (incl. CE, ESRS, CSRD, SDG, CSR, ESG, GRI) Virtual, Webinar, Wednesday 9 July, 10.00-11.30.   SEAI, Decarbonising Transport Conference and Exhibition SEAI will hold their third annual Decarbonising Transport Conference and Exhibition on the 9th of September at Johnstown Estate, Enfield, County Meath.  If you work in, or are interested in transport, come along to find out the latest happening in this space and how leaders in the sector are tackling the challenge. Keep an eye on SEAI’s communication platforms as our speakers are introduced over the coming months In person, Tuesday, 9 September, 2025     Sustainability Centre You can find information, guidance and supports to understand sustainability and meet the challenges it presents in our online Sustainability Centre.  

Green Pearse Street group of nearly 20 businesses calling for thoughtful planning 10 days after traffic changes present new opportunities for major thoroughfare     Thursday 5 June 2025 – A local group, Green Pearse Street, comprising nearly 20 businesses, is calling on Dublin City Council and local stakeholders to make Pearse Street greener, more vibrant and more engaging for street users - and to take meaningful action on the climate and biodiversity crises. The call comes on World Environment Day, just ten days after new traffic management changes were introduced on the street, allowing only public transport, taxis and cyclists to turn left onto Pearse Street from Westland Row. In support of the initiative, Lord Mayor of Dublin, Emma Blain, and Green Party leader Roderic O’Gorman TD were in attendance, underlining the importance of collaboration between civic leaders and local communities to reimagine urban space. To demonstrate how a section of Pearse Street can be transformed into a more social and eco-friendly space, the group showcased potential areas for urban planting and seating, bringing greenery onto the pavement in front of Trinity’s Biomedical Sciences Institute. This simple intervention illustrates how public areas can become more welcoming while supporting biodiversity. Members of the group also highlighted spaces - including basements and railed-off areas in front of buildings - where Dublin City Council and private businesses could introduce planting to foster microhabitats and attract pollinators. Green Pearse Street is calling on the Council to take further action to prioritise urban seating and greening - measures that would benefit not only the local environment, but also the economy and community wellbeing.   Lord Mayor of Dublin, Emma Blain said: “Dublin City is more than a network of roads, it’s a living, breathing community. It is crucial that our streets be accessible to cyclists, pedestrians, and public transport as well as to cars and other road users. Clean air and space for nature are equally vital. Together, we can create a healthier, more vibrant city where nature and community flourish, inspiring everyone to live and move in harmony”. Susan Rossney, Sustainability Advocacy Manager with Chartered Accountants Ireland said: “Businesses are integral to the wellbeing of our society, economy and environment, but nature and biodiversity are equally vital for the survival of businesses. 55% of the world’s GDP – equivalent to an estimated US$58 trillion – is dependent on nature and biodiversity.” “At a time when climate and biodiversity action is threatened, the public and private sectors need to work harder than ever to protect it. Getting started can be daunting, but groups like Green Pearse Street can share practical tips on how to set up and maintain green teams, what plants are good for pollinating insects and even how to connect with Dublin Simon to donate bottles and cans under the Deposit Return scheme.” Commenting, Dr Miriam Fitzpatrick, lecturer and researcher in architecture and urban design, said: “If Dubliners dream of a safer, greener, more civic city life, the street is where that dream begins. Green Pearse Street is hoping to lead the way. Pearse Street reflects the broader condition of Dublin’s city centre, shaped more by traffic flow than care for health or hospitality. Progress has come from local efforts, with many local businesses introducing planting. However, individual gestures are not enough. Four lanes of traffic, inadequate lighting, barriers to access, actively hostile edges and a lack of places to sit continue to define the street.” “Streets and parks are low-intensity battlegrounds. Without leadership, residents and businesses must guide themselves. This is not a celebration; it is a call to action. Pearse Street could be a vital link from the thriving docklands to the city’s historic heart; it deserves to be more liveable and green.” ENDS About Green Pearse Street Green Pearse Street is a diverse group of local businesses and organisations on and near Pearse Street, one of Dublin’s longest streets, stretching from Ringsend to College Green. It's aims are to ‘green’ the street, improve the air quality, create a health and biodiversity corridor, reduce traffic to support walking and cycling, and create a more social space for people.   Members of Green Pearse Street include Allies and Morrison, Chartered Accountants Ireland, Cloud Picker Coffee, Dublin Chamber, Grant Thornton, Henry J Lyons, Hibernia, Honey Truffle, IPUT Real Estate, Jobcare, McCanns, O'Neills Victorian Pub and Townhouse, Pearse Street Management, PLM Group, St Andrews Resource Centre, The Lombard Pub & Townhouse Accommodation, The Podcast Studios, Travel Lodge, Trinity College Dublin, and William Fry.   Working in two parallel streams, the Green Pearse Street group includes action at individual organisation level, and on the collective level to create street-wide change for businesses, local communities, tourists, and other street users. In the longer-term, the group will campaign for the optimisation of this significant streetscape to make greater provision for Dubliners and visitors to the city to stop and enjoy the surroundings, helping urban areas like Pearse Street achieve a 30% biodiversity net gain by 2030.   Coordinated work by businesses along the street has already commenced. Measures include planters at ground and roof/balcony level to provide food for pollinating insects; the construction of living walls/green roofs; the installation of bird boxes/feeders to provide space for nesting and foraging; and a programme of local community engagement.  UCD Masters students in an urban design module have carried out two consecutive studies on the quality of street life and street edges. Their analysis points to challenges and changes that can make the street a more welcoming place to be.   Key facts In 2023, Green Pearse Street surveyed over 750 users of Pearse Street to generate insights into their perceptions of visiting, as well as living and working on Pearse Street. 96% of those approached on the street identified a need for change (of some variety, ranging from small to larger scale). Only 6% rated the current street layout as very good or excellent, with 24% rating it as poor. Popular recommendations on changes to the street include addition of more greenery (91%) more social spaces (benches and tables) (77%), and a safe cycle lane (64%).       

  In this week’s Sustainability/ESG Bulletin read about the Irish Central Bank’s focus on credible transition plans, the new National Semiconductor Strategy and a drop in national energy-related emissions. Also covered is the Carbon Border Adjustment Mechanism (CBAM) in Northern Ireland, a shift in corporate attitudes toward climate policy in EU businesses, a new global tool from the Network for Greening the Financial System (NGFS), The Circularity Gap Report 2025, and well as the usual resources and events.     Chartered Accountants Ireland ⭐The search for the next Chartered Star is now on! ⭐ Calling Chartered Accountants Ireland members: The 2025 Chartered Star competition celebrates the amazing work done by the Chartered community in support of the UN SDGs, whether that’s volunteering in your personal life, driving change in your workplace or through leveraging your ACA qualification. As well as the prestigious ‘ Chartered Star’ title and joining an incredible community, the winner will get the once in a lifetime chance to attend the One Young World Summit in Munich this November (3 – 6 Nov), representing Chartered Accountants Ireland and Chartered Accountants Worldwide.     IRELAND NEWS Central Banks highlights importance of credible transition plans The Central Bank of Ireland has highlighted the importance of credible transition plans as a means to build resilience in firms and contribute towards a sustainable net zero economy. Its publication Planning for the Transition to Net Zero - Our Perspective for firms aligning their business with a society that is transitioning to net zero aims to assist regulated firms to navigate the regulatory landscape, and provide an accessible roadmap for transition planning. Ireland's National Semiconductor Strategy Ireland’s new Semiconductor Strategy, Silicon Island has been officially launched by Minister for Enterprise, Tourism and Employment, Peter Burke. The new initiative is designed to strengthen Ireland’s role in the global semiconductor industry and fulfil a key Programme for Government commitment. Speaking at the launch, Minister Burke noted that: “From AI to quantum computing and the green transition, semiconductors are at the core of global innovation. This strategy is Ireland’s commitment to helping deliver on the European Chips Act and to becoming a global leader in this vital sector. Ireland is turning to chips as the next big opportunity.” Ireland’s energy related emissions now at their lowest level in over 30 years The Sustainable Energy Authority of Ireland (SEAI) has published the Interim National Energy Balance for 2024 which provides data on Ireland’s energy production and use last year.  The report shows that Ireland’s energy related emissions are now at their lowest level in over 30 years, falling a further 1.3 percent in 2024. This marks an overall decrease of 11 percent since carbon emissions targets were introduced in 2021 and the third consecutive year with an emissions reduction. This drop in emissions comes despite an increase in overall energy use. Increased use of bioenergy and technologies such as solar PV and heat-pumps meant that renewable energy supplied 14.5 percent of Ireland’s energy requirements last year, a slight increase on last year’s figure of 14 percent.  NORTHERN IRELAND/UK Preparing for the Carbon Border Adjustment Mechanism (CBAM) Invest Northern Ireland, the business advice and guidance service in Northern Ireland has published information on preparing for the Carbon Border Adjustment Mechanism (CBAM), the regulatory measure to prevent carbon leakage and encourage cleaner production processes and greener global trade practices (it applies to the cement, iron/steel, aluminium, fertilisers, hydrogen and electricity sectors). Preparing for the Carbon Border Adjustment Mechanism (CBAM)  describes the EU CBAM as well as the UK CBAM, an upcoming technical consultation launched by the HRMC (closing on 3 July 2025) and the steps businesses can take to prepare if they are affected. £1 million fund for resource efficiency solutions The independent not-for-profit Material Focus has launched a £1 million fund searching for practical, scalable solutions that enhance resource efficiency, reduce environmental impact, and encourage collaboration across the industry. As well as £150,000 funding per project, successful applicants to the Circular Electricals Fund will be able to engage in industry networking, receive communications support, and have access to industry data, research and trends. Find out more about the Circular Electricals Fund and how to apply before 14 August 2025.   EUROPE Report finds profound shift” in corporate attitudes toward climate policy in EU businesses New analysis from InfluenceMap, a nonprofit that tracks corporate lobbying, has revealed “a profound shift” in corporate attitudes toward climate policy among businesses in the European Union. 52 percent of companies tracked by the platform now demonstrating science-aligned or partially science-aligned climate policy engagement, which, the analysis states, marks a significant increase from 24 percent since the presentation of the EU Green Deal at the start of the 2019 legislative cycle. Meanwhile, the proportion of companies with misaligned climate policy engagement has dropped from 34 to 13 percent over the same period.    WORLD News from the Network for Greening the Financial System The Network for Greening the Financial System (NGFS), the voluntary organisation of central banks and supervisors committed to taking climate risks into account in their work, has developed the first freely available tool for analysing the potential near-term impacts of climate policies and climate change on financial stability and economic resilience. The scenarios model four climate shock scenarios, highlighting both physical and transition-related risks with detailed sectoral and macroeconomic insights. It is expected that the dataset will be used for climate stress testing and risk assessments, helping institutions inform decisions in areas like investment, regulation, risk management and monetary policy. Report finds global material consumption outpacing population growth The Circularity Gap Report 2025 (CGR), published in collaboration with Deloitte Global, has found that global material consumption is outpacing population growth and generating more waste than recycling systems can handle. The 2025 issue of the annual global assessment of the circularity of the world’s economy underscores the need for global circular economy targets, system-level transformation, and multilateral collaboration. Produced by Circle Economy, an impact-driven organisation dedicated to accelerating the global shift to a circular economy, the reports aim to accelerate the transition to a circular economy through gathering and sharing data to empower others to make informed decisions and take action toward circularity. Technical Round Up (From our colleagues in Professional Accounting) The Global Reporting Initiative (GRI) has written to the European Financial Reporting Advisory Group (EFRAG) setting out its recommendations of how simplification of the European Sustainability Reporting Standards could be achieved. In its response to EFRAG’s public call for input on the matter, GRI has stressed the importance of three key considerations for the simplification process; Europe needs to remain a global leader in promoting the green economy Effective corporate reporting is a key enabler for sustainable development Simplification is welcome – if it is defined, applied and managed well EFRAG has released the event materials from its “VSME in Action: Empowering SMEs for a Sustainable Future” event, which was held on 7th April 2025. EFRAG has also released a series of 10 educational videos focused on the VSME reporting standards. Twenty consumer authorities, including Ireland’s Competition and Consumer Protection Commission have issued an open letter to the fashion retail sector on the use of environmental claims including advising fashion retailers to avoid vague and general terms. Did  you know? Coldplay has partnered with The Ocean Cleanup to create a limited edition of its 2024 album Moon Music using vinyl pressed from plastic waste recovered from Guatemala’s Rio Las Vacas. The ‘Notebook Edition’ LP is made with 70 percent river plastic and 30 percent recycled bottles, highlighting the band's continued support for ocean cleanup initiatives. These efforts are part of Coldplay’s broader sustainability strategy, which has already reduced tour emissions by 59%. (Taken from SpeedRead Sustainability #52: Weekly Highlights) Jobs Accounting for Sustainability (A4S) is looking for a Director to lead and expand its European CFO Programme – a key leadership role helping finance leaders embed sustainability into business strategy and operations. This is a chance to work with CFOs from some of Europe’s most influential organisations and drive systemic change through finance. The successful candidate will play a vital role in shaping A4S strategy to 2030 and amplify the impact of our work across the region. 📅 Deadline to apply: 10 June 🔗 https://lnkd.in/eh3W-ssP Articles New Leaving Cert course aims to encourage climate activism (RTÉ News) Sustainability-focused funds surpass €6 trillion (Law Society Gazette) Podcast Outrage + Optimism: The End of Oil: Inside the Hidden Decline of Fossil Fuels | Earth Day Special (54 mins) Events   Dublin Chamber, The Sustainability Academy: Internal Sustainability Integration - Building a Sustainable Workplace Culture This workshop is for professionals in internal-facing roles, such as finance, operations, and HR. It focuses on integrating sustainability practices within an organisation’s internal mechanisms, highlighting how these practices can enhance employee engagement, operational efficiency, and the workplace environment.   Virtual: Mon 26 May 2025 | 9.30am - 12.30pm   EPA, EPA Annual Climate Change Conference 2025 The EPA Annual Climate Change Conference, "Emissions Trading and The Carbon Border Adjustment Mechanism" will be held on Wednesday 28 May 2025 in Dublin Castle. In person, May 28, 2025   UN Sustainable Development Solutions Network (SDSN), Sustainable Development Report (SDR) 2025 launch The UN SDSN will launch its report which this year has a unique focus on reforming the Global Financial Architecture (GFA) and scaling up global financing flows to support the SDGs through 2030 and beyond. The launch event will present key findings from the SDR 2025, including the updated SDG Index and Dashboards, and will feature insights from high-level leaders and experts on transforming the GFA to better serve sustainable development. Virtual, Tuesday, 24 June, 2024, 8:00 AM to 9:45 AM EST.     Enterprise Northern Ireland, Funding for Growth: Transitioning Your Business to Net Zero The third session in a three-part in-person series for Micro and Small Businesses, which also includes events on Accessing Debt Finance and Grant & Equity Finance, this session will cover the importance of net-zero in future-proofing your business, support available to help finance your transition to net-zero, and how small businesses are leading the charge to net-zero In person, Thursday 26 June 2025, 9:30am to 1:30pm, Venue: Craigavon Industrial Development Organisation, Portadown, Cost: Free     Sustainability Centre You can find information, guidance and supports to understand sustainability and meet the challenges it presents in our online Sustainability Centre.

Costs have increased for almost 80% of small Irish businesses in the past six months, with staff costs the biggest financial challenge faced by SMEs, according to the inaugural SME Business Sentiment Survey from Chartered Accountants Ireland and GRID Finance. The survey, which will be repeated every six months, will measure and track the experiences, confidence and sentiment of a range of SMEs, including small accounting practices, doing business in Ireland today.   Staff costs the biggest financial challenge  3 in 4 (77%) respondents say that business costs have increased in the past six months, with staff costs the biggest financial challenge facing 2 in 5 (37%). Small practices were particularly challenged by staff costs (cost of salaries and other benefits and compensations), with half citing it as their single biggest financial issue.  Operational costs (24%) and regulatory compliance costs (14%) were the other biggest financial challenges facing SMEs, ahead of working capital management and access to funding. 57% identified regulatory compliance as the area in which they most need government support (rising to 75% amongst small practice respondents).  Eoin Christian, CEO, GRID Finance said    "These findings align with our own research conducted earlier this year – rising costs, particularly staff-related expenses are creating significant pressure on Irish SMEs. While these challenges are real, they also represent an opportunity for SMEs to take stock, streamline operations and invest in smart, sustainable growth strategies. At GRID Finance, we continue to advise our clients to be proactive by forecasting future cash flow needs, exploring flexible funding options and staying ahead of regulatory requirements like auto-enrolment.      “We feel that it's vital that both Government and financial providers evolve in tandem with the changing landscape. With the right supports and partners, Irish SMEs can not only weather this period of cost pressure, but emerge from it stronger, more resilient and better prepared for the future” Auto-enrolment, due to come into effect in January 2026 met with a muted response. Only 2 in 5 (40%) of respondents feel that they have been adequately informed of the steps needed to implement it in time for its planned launch.  Cróna Clohisey, Director of Members and Advocacy, Chartered Accountants Ireland said  “The Government’s announcement that it will defer the launch of auto enrolment to January 2026 is welcome, particularly in view of the feeling of unpreparedness many businesses expressed in this survey.  Many remain very unclear as to what is expected of them in advance of the new system launching. Over the next six months, it is imperative that Government embarks on a concerted communications and awareness campaign to bridge this information deficit and equip businesses with the support and guidance they need to make auto enrolment the success it needs to be.”  Attitudes to & use of Government supports The survey revealed a significant gap between demand for, and uptake of government supports called for by SMEs: Tax relief or incentives – 40% called for these, but only 16% of total survey respondents report availing of them  Access to grants or loans - 31% called for these, but only 30% of total survey respondents report availing of them  Meeting energy costs – 28% called for these, but only 14% of total survey respondents report availing of them.  Attitudes to the effectiveness of the supports are mixed, which may go some way to accounting for the gap between demand and uptake:  5% feel supports for reducing regulatory and compliance burdens are effective.  22% rate access to grants or loans as effective. 23% believe supports for training and upskilling are effective.  Commenting Cróna Clohisey said “There is an evident mismatch between the need for supports and the uptake of those on offer. In the case of tax reliefs and access to grants or loans for example, this may be attributable to a perceived lack of accessibility, particularly for time and resource-constrained SMEs who simply find the application process too cumbersome. While the breath of current Government supports in these areas is positive, further steps need to be taken to ensure that business reliefs such as these are not overly difficult to claim if their effectiveness is to be meaningfully felt by small businesses.”    Mixed profitability and projections for coming year  Almost 3 in 10 (28%) report their business profitability has increased in the past six months, while a similar number (26%) report it has decreased. Small practice respondents reported greater stability, with 56% saying profitability remained the same, and only 15% saying it has decreased. For small business respondents, 30% reported decreased profitability in the past six months.     Despite the various economic headwinds facing the economy, there was a degree of optimism amongst respondents about their prospects for the coming year. 27% of respondents forecasted their business to be either somewhat or significantly better off by this time next year.  Overall, sentiment was more negative than positive however, with 36% saying they will be worse off.  Less optimism in the face of global headwinds   This negative sentiment was also evident when it comes to the broader economic environment, with a majority (74%) feeling less optimistic about the wider economy’s prospects compared to six months ago. Compounding this are ongoing tensions and uncertainty in global trade which have already impacted Irish business sentiment. 62% of respondents report that their business operations have been impacted by global trade tensions and tariffs and only 14% say they are prepared for a further escalation of such tensions.  The SME Business Sentiment Survey from Chartered Accountants Ireland and GRID Finance can be read in full here.   ENDS About the SME Business Sentiment Survey  The SME Business Sentiment Survey is conducted by Chartered Accountants Ireland and GRID Finance, the Institute’s Official Independent Lender Partner. The inaugural survey was conducted by Coyne Research between 4 and 21 April 2025 and will be repeated every six months. Approximately 300 members were surveyed from organisations employing fewer than 250 people.  

  In this week’s Sustainability/ESG Bulletin read how Chartered Accountants Ireland has endorsed the Accounting Bodies Network revised principles to reflect a new era of professional responsibility. Also covered is the search for the next Chartered Star, ISIF’s €1bn four-year climate action investment programme, Bank of Ireland’s oversubscribed green bond, sustainability in the €30m Shared Island Enterprise Scheme, the Bank of England’s series of proposals regarding climate-related risks, news from Europe, the launch of the Global Capacity Building Coalition (GCBC) Accelerator programme, as well as the usual articles, jobs, podcast resources and upcoming events.     Chartered Accountants Ireland Sustainability is reshaping business – and the accounting profession As a member of the A4S Accounting Bodies Network (ABN), Chartered Accountants Ireland has endorsed revised principles to reflect a new era of professional responsibility.  Through this renewed commitment to core sustainability principles, we will continue building on our work to ensure our members and students are equipped to meet the demands of the evolving finance profession – through education, advocacy, innovation and redefined notions of value. This is not about adding sustainability to existing work – it’s about transforming the profession to meet the needs of a sustainable global economy.    ⭐The search for the next Chartered Star is now on! ⭐ The 2025 Chartered Star competition has opened to members and students. The Chartered Star celebrates the amazing work done by the Chartered community in support of the UN SDGs, whether that’s volunteering in your personal life, driving change in your workplace or through leveraging your ACA qualification. As well as the prestigious ‘ Chartered Star’ title and joining an incredible community, the winner will get the once in a lifetime chance to attend the One Young World Summit in Munich this November (3 – 6 Nov), representing Chartered Accountants Ireland and Chartered Accountants Worldwide.     Ireland news ISIF launches €1bn four-year climate action investment programme The Ireland Strategic Investment Fund (ISIF), part of the National Treasury Management Agency (NTMA), has launched a new €1bn four-year climate action investment programme, with three separate investment commitments totalling more than €160 million. Having exceeded its original €1 billion climate investment ambition two years ahead of schedule, this new programme was announced last month and will bring total climate commitments to €2 billion over the next four years. The three new investments announced today are in specialist funds that will focus on supporting various aspects of Ireland’s Climate Action Plan and achieving its Net Zero goals in Renewable power generation, energy storage, sustainable fuels and Hydrogen and carbon capture technology.   Strong investor demand sees Bank of Ireland's oversubscribed Green Bond sale raise €750m Bank of Ireland said there was strong demand from over 220 investors participating in its new green bond to finance more climate action projects in renewable energy and green buildings. Bank of Ireland's total green bond issuance to date is €5.6 billion, with this bond having issued with a seven-year maturity and a fixed coupon of 3.625 percent. Sustainability-related lending at Bank of Ireland grew by almost a third in 2025 to €14.7 billion; its end-2025 target is €15 billion.   Collaboration at the fore of €30m Shared Island Enterprise Scheme A €30m Shared Island Enterprise Scheme is marking a significant step forward in island-wide enterprise collaboration and growth, as three of the leading economic development agencies on the island of Ireland – InterTrade Ireland, Invest Northern Ireland and Enterprise Ireland – have partnered to focus on promoting women’s entrepreneurship, supporting networks and clusters, and sustainability and innovation investment. Supported through the Government of Ireland’s Shared Island Fund, the Shared Island Enterprise Scheme aligns with each Administration’s Programme for Government, placing a focus on strengthening beneficial cross-border cooperation to support sustainable enterprise growth across the island. By working together across borders, businesses and entrepreneurs can unlock new opportunities; drive innovation; and tackle shared challenges, including those related to sustainability, digitalisation, and job creation.   InterTradeIreland report highlights scale of economic opportunity in offshore wind for SMEs on the island of Ireland A new report commissioned by InterTrade Ireland has highlighted the scale of the economic opportunity in offshore wind for SMEs across the island of Ireland. The report from specialist renewables consultancy Everoze provides for the first time an all-island picture of firm-level capability, mapping over 160 companies across 12 supply chain sectors. The findings show strong potential to develop a globally competitive offshore wind supply chain, particularly if efforts are aligned across the island. It identifies complementary strengths in areas such as engineering, logistics, vessels and cables. While it highlights the economic value of collaboration, it also outlines challenges such as infrastructure capacity and skills shortages, which it recommends tackling through joined-up action on an all-island basis to ensure local firms can fully participate in this once-in-a-generation opportunity.   Two large scale data centres ‘model’ for Ireland future development An Taoiseach Micheál Martin has described two large-scale data centre facilities, the DUB20 and DUB30 facilities being developed by Echelon Data Centres in Arklow, Co Wicklow, as “the model for future data centre development in Ireland”.  DUB20 became the first large-scale data centre in Ireland to receive a grid connection from EirGrid for more than four years, a connection which will allow Echelon to begin work on a 220kV substation at the site that will allow access to the grid for up to 800MW of wind energy generated off the coast of Wicklow in the future. Echelon is also investing in solar, battery energy storage systems, and renewable fuels to replace fossil fuel consumed by the data centre.   How businesses are becoming more sustainable The Department of Enterprise, Trade and Employment have published a webpage Understand, assess and invest in sustainable business to help businesses understand sustainability, assess their business and invest in becoming sustainable, along with 3 case studies of businesses that have successfully implemented sustainability measures. Two featured supports are also profiled, ‘Green for Business and the ‘Energy Efficiency Grant’. For more information on all the supports available to business visit the National Enterprise Hub on neh.gov.ie. CSO figures show further rise in EV sales Findings from the Central Statistics Office have found that the number of new electric vehicles (EVs) licensed in April rose by 23 percent when compared with April 2024 (1,783 vs 1,444). This means the share of EVs among new private cars from January to April was 16 percent compared with 13 percent in the same period of 2024. The number of new plug-in hybrid electric vehicles (PHEVs) licensed in April 2025 grew by 73 percent when compared with April 2024 (1,761 vs 1,017). This has increased the year-to-date share of PHEVs among new private cars to 15 percent from 8 percent in the same period of 2024. The combined share of petrol and diesel cars among new private cars licensed from January to April 2025 has fallen in comparison with 2024 (44 vs 56 percent).   UK/Northern Ireland UK parliament’s Environmental Audit Committee calls for increased compulsory nature-recovery finance-raising schemes The UK parliament’s Environmental Audit Committee has advised the government to increase compulsory compliance schemes to raise the amount of money invested in nature recovery. In its report, The role of natural capital in the UK’s green economy, the Committee called on the government to offer more clarity on existing compliance rules and their intersection with each other, and to implement regulation to increase the integrity of nature markets.   Bank of England announces series of proposals regarding climate-related risks  The Bank of England (BoE) has  announced a series of proposals aimed at strengthening its expectations for banks’ and insurers’ management of climate-related risks, stating that while improvements in this area have been made over the past few years, “progress is uneven and more needs to be done.” A key proposal is the placement of a greater emphasis on scenario analysis, expectations for firms to identify and assess data gaps that act as barriers to management of climate-related risks, and for banks and insurers to more formally assess their climate-related risk appetites. A consultation on the new proposals will remain open until 30 July, 2025.   LSEG report finds measurable financial benefit to companies responding to climate-related physical risks A report by London Stock Exchange Group (LSEG) has found that companies responding to the physical risks associated with climate change are seeing a measurable financial benefit. The report, Investing in the green economy 2025: Navigating volatility and disruption, is the sixth annual report on the green economy produced by the LSEG’s Green Economy Forum, and looked at companies in sectors ranging from logistics to food processing and real estate. The findings showed that over 2,100 companies were able to generate over $1 trillion of combined revenues last year from products and services that contribute to climate adaptation (taking actions to reduce vulnerability and increase resilience to the impacts of climate change). Other findings were that revenues from green products and services across the report’s coverage now exceed US$5 trillion for the first time and that, if considered a standalone sector, the green economy – now spanning 50 markets globally – would be the fourth largest sector, after Technology, Industrials and Healthcare.   Europe Accountancy Europe publishes May Sustainability Newsletter Accountancy Europe’s May Sustainability Newsletter is now available, with information on the Omnibus ‘stop-the-clock’ directive, the simplification by the European Commission of the EU Deforestation Regulation implementation, EFRAG’s calls for input on ESRS Set 1 revision and workplan to deliver revised ESRS, and on IFRS and TNFD collaboration on nature-related information, and more.   Private sector and technology needed in climate adaption, says EU Ministers (From our friends in European Movement Ireland) An informal meeting of the EU Ministers for Environment and Climate took place in Warsaw last month, during which debate centred on the European Climate Adaptation Plan, which aims for the EU to be climate resilient by 2050. According to the October 2024 meeting of the EU Court of Auditors, the EU is underperforming in its climate adaptation targets. The conclusions in Warsaw highlighted the role of the private sector and technology in adopting effective adaptation plans to mitigate climate crises. Commenting after the meeting Polish Minister of Climate and Environment Paulina Hennig-Kloska said "Only a Europe of rich nations with strong economies can be a champion of global efforts to combat climate change".    France developing standards for assessing AI environmental impact France’s national standardisation body is reportedly developing guidelines and metrics for assessing the environmental impact of AI systems and services. The initiative is intended to anticipate and align with the upcoming EU AI Act’s technical standards on environmental sustainability, which are expected to come into effect in August 2026.   ESMA consults on rules for ESG Rating Providers The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published a Consultation Paper on draft Regulatory Technical Standards (RTS) under the ESG Rating Regulation in an effort to enhance transparency, reduce conflicts of interest, and strengthen the credibility of sustainability data across Europe. ESMA will consider the feedback received to the consultation by 20 June 2025 and expects to publish a Final Report and submit the draft RTS to the European Commission for adoption in October 2025.    MEPs support proposals to simplify EU carbon leakage instrument The European Parliament’s Committee on the Environment, Climate Change and Food Safety have endorsed the EU Commission’s proposal (part of the “Omnibus I” simplification package presented on 26 February 2025) for a new de minimis mass threshold of 50 tonnes, which would exempt 90 percent of importers from EU carbon border adjustment mechanism rules. The EU’s carbon border adjustment mechanism is the EU's tool to equalise the price of carbon paid for EU products operating under the EU emissions trading system (ETS) with that of imported goods, and to encourage higher climate ambition in non-EU countries. The exempted 90 percent mostly comprises small and medium-sized enterprises and individuals, who import only small quantities of CBAM goods. This is to ensure that the CBAM’s environment goal is maintained, as 99 percent of total CO2 emissions from imports of iron, steel, aluminium, cement and fertilisers would still be covered by the rules. Separately MEPs have also adopted proposals from the Industry, Research and Energy Committee  for ways to enhance grid resilience, integrate renewable energy sources, and simplify processes to meet the EU's energy goals. The adopted text calls for the implementation of an EU grid action plan and highlights the need for significant investment and infrastructure upgrades to modernise and increase cross-border transmission capacity.   MEPs support flexible CO2 emission standards for new cars and vans MEPs have voted in support of the Commission’s proposed change to CO2 emission performance standards for new cars and vans to offer manufacturers the possibility to comply with their obligations for the years 2025, 2026 and 2027 by averaging their performance over the three-year period, rather than each individual year. This approach would allow them to balance any excess annual emissions by outperforming the target in subsequent year(s). The current rules set annual targets, covering five-year periods, for reducing average CO2 emissions from new cars and vans across the EU fleet. From 2025, an annual CO2 emission reduction target of 15 percent compared to 2021 values will be in application for the 2025-2029 period. To speed up its adoption, Parliament agreed on Tuesday to deal with the file under its urgent procedure. To enter into force, the draft law now requires formal approval by the Council, which endorsed the same text on 7 May 2025.   World 73 percent of large companies obtained assurance on their sustainability disclosures Almost three in four of the largest global companies have sought assurance on some aspect of their sustainability disclosures, according to an updated report from the International Federation of Accountants (IFAC) and AICPA & CIMA, The State of Play: Sustainability Disclosure and Assurance, (Five-Year Trends and Analysis, 2019-2023). The study marks the fifth annual benchmark that now includes 2023 data. The new figure represents an increase of 4 percent, up from 69 percent the previous year, according to the report, which five years ago was 51 percent. Most of the assurance then and now is of limited scope.   ISSB chair urges companies to fully engage with sustainability reporting International Sustainability Standards Board (ISSB) chair Emmanuel Faber has reportedly urged companies to fully engage with sustainability reporting to enable investors to invest where is most needed. In an article for the Financial Times’ Sustainable Views, Faber stated that companies have to choose between “basic compliance and ESG marketing, ticking off checklists of data hardly connected to actual management” or embrace what he described as  a “protocol for (re)creating competitive advantages and attracting capital at the best price in a fast-changing world, where finance is seeking its own resilience.” Faber highlights the centrality of a key player: the finance department, which he describes as “the true pivot of the strategic transformation of companies in a rapidly changing world”. Resources SEIA launches ‘Easy Wins’ for business owners The SEAI has launched its new business campaign ‘Easy Wins’, promoting SEAI’s wide range of business grants which make it easy for business owners to cut costs and become more energy efficient. The business supports grouped together include: vouchers for energy audits, business energy upgrades, tailored supports (e.g. grants) and links to case studies and training.     Global Capacity Building Coalition (GCBC) launches Accelerator programme The Global Capacity Building Coalition (GCBC) has launched its Accelerator programme, a global initiative that aims to identify, celebrate and support the most impactful and highest potential programmes in sustainable finance capacity building. The programme showcases and catalyses innovative and high-impact initiatives that mobilise sustainable finance to help bridge the investment gap in emerging markets and developing economies (EMDEs). It also provides tailored support for selected initiatives including expert advisory, communications and marketing support, partnership facilitation, as well as practical and operational support for capacity building activities. Applications remain open until Friday 4 July. Jobs Accounting for Sustainability (A4S) is looking for a Director to lead and expand its European CFO Programme – a key leadership role helping finance leaders embed sustainability into business strategy and operations. This is a chance to work with CFOs from some of Europe’s most influential organisations and drive systemic change through finance. The successful candidate will play a vital role in shaping A4S strategy to 2030 and amplify the impact of our work across the region. 📅 Deadline to apply: 10 June 🔗 https://lnkd.in/eh3W-ssP Articles More nature-related risks and opportunities in investor portfolios (Sustainable Views – FT – subscription) Getting started with sustainability planning and reporting (ICAEW Insights) How to start discussions with clients about nature (ICAEW Insights)           Buyer’s Remorse Hits Finance Bosses Who ‘Overhired’ for ESG (Bloomberg) CSRD has been a headache, but it helps business do better; let’s not lose our hard-won momentum (Business in the Community Ireland) Clean Energy Set to Meet 67% of Global Power Needs by 2050: Bloomberg Report (ESG Today) Green is the new gold: why sustainability is Iput’s strongest asset (Business Post) “There are easy wins available in most businesses” – What every SME in Ireland needs to know about making energy upgrades (Independent.ie) EUDR is Coming - Is Your Business Prepared? (IBEC)   Podcast Outrage + Optimism: The End of Oil: Inside the Hidden Decline of Fossil Fuels | Earth Day Special (54 mins) Events Dublin Chamber, The Sustainability Academy: Strategic Sustainability Leadership This course is tailored for business leaders and managers aiming to enhance their expertise in sustainability leadership. It delves into strategies for driving sustainable change within top organisations, the intricacies of crafting impactful sustainability reports, and the art of communicating sustainability initiatives to stakeholders. Virtual: Fri 16th - Mon 19 May 2025 | 9.30am - 12.30pm   SEAI, SME Business Briefing The SEAI is running an online business briefing to help businesses learn how to understand energy use and save energy costs across areas of your business, the immediate actions that have little to no costs and will help your business save energy and money, the benefit of completing an Energy Audit and SEAI’s Support Scheme for Energy Audits, SEAI supports and grants to help you further reduce costs and move away from fossil fuels, the Small-Scale Renewable Energy Scheme. Virtual, Tuesday 20 May 10.00-11.00   IOB, Financing Made Simple for SMEs: Sustainable Energy Upgrades for Commercial Buildings SustainabilityWorks has created a guide – with input from Chartered Accountants Ireland – to the financial aspects for SMEs in accelerating the energy upgrading of commercial buildings. At this free webinar, SustainabilityWorks’ Laura Heuston, a leading authority in Ireland on sustainable finance, will discuss the guide in detail, highlighting a range of funding options from low-cost loans, tax relief options to asset finance, solar power purchase agreements, lighting as a service, and more. Virtual, Wednesday, 21 May, 12.00-13.00   Dublin Chamber, The Sustainability Academy: Internal Sustainability Integration - Building a Sustainable Workplace Culture This workshop is for professionals in internal-facing roles, such as finance, operations, and HR. It focuses on integrating sustainability practices within an organisation’s internal mechanisms, highlighting how these practices can enhance employee engagement, operational efficiency, and the workplace environment.   Virtual: Mon 26 May 2025 | 9.30am - 12.30pm   EPA, EPA Annual Climate Change Conference 2025 The EPA Annual Climate Change Conference, "Emissions Trading and The Carbon Border Adjustment Mechanism" will be held on Wednesday 28 May 2025 in Dublin Castle. In person, May 28, 2025   UN Sustainable Development Solutions Network (SDSN), Sustainable Development Report (SDR) 2025 launch The UN SDSN will launch its report which this year has a unique focus on reforming the Global Financial Architecture (GFA) and scaling up global financing flows to support the SDGs through 2030 and beyond. The launch event will present key findings from the SDR 2025, including the updated SDG Index and Dashboards, and will feature insights from high-level leaders and experts on transforming the GFA to better serve sustainable development. Virtual, Tuesday, 24 June, 2024, 8:00 AM to 9:45 AM EST.     Enterprise Northern Ireland, Funding for Growth: Transitioning Your Business to Net Zero The third session in a three-part in-person series for Micro and Small Businesses, which also includes events on Accessing Debt Finance and Grant & Equity Finance, this session will cover the importance of net-zero in future-proofing your business, support available to help finance your transition to net-zero, and how small businesses are leading the charge to net-zero In person, Thursday 26 June 2025, 9:30am to 1:30pm, Venue: Craigavon Industrial Development Organisation, Portadown, Cost: Free     Sustainability Centre You can find information, guidance and supports to understand sustainability and meet the challenges it presents in our online Sustainability Centre.    

  In this week’s Sustainability/ESG Bulletin read about Chartered Accountants Ireland’s continued support of the UN Global Compact, the Irish Government’s announcement of a Climate Investment Clearing House, positive news on Ireland’s emissions reductions, and a call for ‘climate leave days’ and for employers to perform risk assessments during extreme weather conditions. Also covered is the UK’s consultation on the voluntary carbon and nature markets, a focus on ethical supply chains in Great British Energy, the adoption by the European Commissions of ecodesign and ecolabelling regulations, as well as the usual articles, resources and upcoming events.   Chartered Accountants Ireland Chartered Accountants Ireland recommits to the UN Global Compact Chartered Accountants Ireland has submitted its Communication on Engagement (COE) to the UN Global Compact Network, recommitting support for the UN Global Compact and its 10 principles. Since 2021, Chartered Accountants Ireland has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labour, environment and anti-corruption.   Ireland news Taoiseach announces Climate Investment Clearing House Taoiseach Micheál Martin has announced a new Climate Investment Clearing House to accelerate progress on Ireland’s energy transition. The announcement was made following the receipt by the Taoiseach of a report from the National Economic and Social Council on Ireland’s Future Power System and Economic Resilience. The report, the first in a series on energy policy to be published in 2025, examines Ireland’s plans for decarbonising the energy grid and calls for “urgent, systematic action” to bridge strategic gaps, enhance economic resilience, and ensure Ireland’s energy transition succeeds. The Taoiseach also announced he will host a joint Government Industry Forum on Offshore Renewable Energy in the coming weeks bringing together public and private sector stakeholders.   Guidance publishes on biodiversity duty reporting for public bodies Minister of State for Nature, Heritage and Biodiversity, Christopher O’Sullivan, has launched Biodiversity Duty Reporting Guidance for Public Bodies. Developed by the National Parks and Wildlife Service (NPWS) with support from Business for Biodiversity Ireland, the guidance provides practical steps to help public bodies fulfil their ‘biodiversity duty’ – a new legal requirement for public and state bodies to consider biodiversity in their decision making and daily operations. Under Ireland's 4th National Biodiversity Action Plan (NBAP), published in January 2024, public bodies must integrate biodiversity into their policies and programmes, and report annually on measures adopted and progress made.   Ireland meets EU emissions reduction targets for all five major air pollutants The EPA has found that in 2023 Ireland was compliant with EU emissions reduction targets across all five major pollutants which impact air quality, health and the environment: ammonia, non-methane volatile organic compounds, sulphur dioxide, nitrogen oxides and fine particulate matter. Commenting, Dr Tomás Murray, Senior Manager of EPA Emissions Statistics described the news as “encouraging”, and said that “it is notable that the move away from fossil fuel use in power stations, businesses and homes can deliver multiple benefits across our health, climate and environment in the coming years.” The news follows an earlier press release stating that Irish power generation and industrial companies covered by the EU Emissions Trading System (EU ETS) have reduced their greenhouse gas emissions by seven per cent.   Regional and local EV charging network plan publishes Zero Emission Vehicles Ireland (ZEVI) has published its Regional and Local EV Charging Network Plan, following public consultation. The plan sets targets and strategies for local authorities to drive EV infrastructure development at destination and neighbourhood locations, with government support. It aligns with both national and EU climate goals, helping to cut emissions and move towards a fully decarbonised transport sector by 2050.   Decrease in SME investment in digitalisation and decarbonisation A report published by ESRI this week has found that investment by SMEs in digitalisation and decarbonisation fell in 2023, from 41 percent of firms investing in digital assets in 2021 to 36 percent doing so in 2021. The report, titled SME Investment Report 2024: Developments Between 2016 and 2023, found that while nearly 60 percent of SMEs invested in capital assets in 2023, an increase from 2020 and 2021 (55 percent of SMEs), the figures are still below the pre-pandemic levels (64 percent of SMEs). Climate- and energy-efficiency–related investments also fell, both in terms of the proportion of firms and median expenditure from €34,000 to €20,000, while the proportion of SMEs indicating that climate change adaptation is important for their business fell across all sectors and SMEs of all sizes. The report, which provides an analysis of investment trends among small and medium-sized enterprises (SMEs) in Ireland was co-authored and funded by the Department of Finance and used data from the Department of Finance Credit Demand Survey.   ‘Climate Transition Plan Scorecard’ to help accelerate corporate environmental action in Ireland Business in the Community Ireland (BITCI) and the DCU Institute for Climate and Society have announced a new partnership to accelerate corporate environmental action in Ireland. The partnership focuses on developing ‘Climate Transition Plan Scorecard’, i.e. a system to score organisations’ implementation plans to achieve its greenhouse gas (GHG) reductions targets within a specified timeframe. The partnership is an element of BITCI’s Accelerate Campaign, which encourages and supports business leaders to set a Science Based Targets Initiative (SBTi) approved net-zero by 2050 target by 2030, if not earlier, and to develop a robust and credible Climate Transition Plan to guide and track implementation.   Union calls for ‘climate leave’ days The union Unite has published a set of proposals on the need for legislation to protect workers during ‘Extreme Weather’ events. These proposals include a statutory maximum working temperature, four days paid ‘climate leave’ if conditions render travel hazardous or workers need to address pressing domestic needs resulting from extreme weather, and requirements for employers to perform risk assessments during extreme weather conditions. Similar guidelines have reportedly been implemented in countries like Australia and France, where extreme weather events have led to worker fatalities.   New electricity interconnector begins powering Ireland's and UK's energy grids The Greenlink Interconnector, a new 500 megawatt (MW) subsea electricity interconnector linking Ireland and the UK has commenced operations. In addition to the existing East-West Interconnector – commissioned in 2012 – this new interconnector will double the State's interconnection capacity to 1 Gigawatt (GW), marking a significant milestone in Ireland's journey towards energy security, while supporting the transition towards a net-zero energy future.   UK/Northern Ireland   UK government opened a consultation on voluntary carbon and nature markets The UK government has opened a consultation on governance framework for a new Voluntary Nature and Carbon Markets, to help leverage the finance needed to address the scale of the climate emergency while diversifying revenue streams for British businesses. The consultation seeks to clarify and test the UK government’s proposed policy and governance framework for helping to ensure the integrity of the credits and the use of credits. The consultation is in response to calls from business, finance, farming, and environmental stakeholders for clarity on the Government’s approach, and to recommendations from the Climate Change Committee and others for a new regulatory approach for these markets. The consultation closes on 10 July 2025.   Great British Energy focuses on ethical supply chains An amendment to the Great British Energy Bill will enable Great British Energy (GBE) to ensure forced labour is not used in business or its supply chains. GBE is the publicly-owned, independent company aimed at facilitating and encouraging the production of clean energy in the UK. The amendment is the latest move in the UK government’s work to tackle the issue of forced labour as it aims to become a global leader in clean energy. Separately £300 million has been brought forward for Great British Energy to invest in offshore wind supply chains ahead of the Future of Energy Security summit, the major international summit bringing together governments and industry from around the world to drive collective energy security. The public investment complements the £43 billion of private investment pledged for clean energy projects since July 2024.   UK survey finds SMEs moving faster on climate A survey carried out by the UK SME Climate Hub has found that small businesses are moving faster on climate than ever before, and climate action helps them satisfy customers and grow their business by meeting customer expectations, gaining a competitive edge, and attracting new customers. The survey, which includes perspectives from 471 SMEs across 53 countries, aimed to understand how and why SMEs are taking climate action, and what barriers stand in the way.   Europe MEPs discuss role of tax policy for green transition and competitiveness (From our colleagues in Tax news) The European Parliament’s tax matters subcommittee, hosted a public hearing on the role tax policy can play in bringing about the economic green transition while also ensuring that EU businesses remain competitive. The purpose of the hearing was to examine tax incentives for clean energy, aviation, and maritime transport, with a particular focus on the recommendations from the Draghi report. The meeting focused on the green transition and enhancing sustainability in key sectors. Commission adopts the Ecodesign and Energy Labelling regulations The European Commission had adopted the Ecodesign for Sustainable Products Regulation (ESPR) 2025-2030 working plan. The regulation, which came into force in July 2024, marks a significant step forward in the EU’s transition to a circular economy. The new plan broadens the scope of ecodesign beyond energy-using products to include steel, aluminium, textiles, furniture, mattresses, and tyres. It sets ambitious standards for improving the durability, repairability, reusability, and recyclability of these products—supporting the EU’s wider environmental and climate goals. Together with the Energy Labelling Framework Regulation (ELFR), adopted on the same day, the ESPR facilitates consumers' choice in favour of more sustainable and energy efficient products. (In Ireland, Enterprise Ireland is supporting sectors affected by the ESPR through guidance, stakeholder engagement, and funding opportunities such as the Green Transition Fund.) Green transition a key strategic area in 2025 work programme of world’s largest research programme The European Commission has pre-published the 2025 work programme for Horizon Europe, the world’s largest research and innovation programme, which provides over £80 billion in funding to address some of the greatest global challenges. The 2025 work programme aims to contribute to three overarching, interlinked key strategic areas: the green transition, the digital transition, and a more resilient, competitive, inclusive and democratic Europe. Horizon Europe has a particular focus on small and medium sized enterprises (SMEs) and has lists of sector specialist support contacts for regions, including in Northern Ireland, who provide help and advice for Horizon Europe application. Technical Roundup From our colleagues in Professional Accounting On 14 April, the European Council approved the European Commission’s proposal to postpone the dates of application of certain sustainability reporting and due diligence requirements. The proposal (often referred to the “Stop the clock” proposal) postpones by two years the entry into application of the Corporate Sustainability Reporting Directive (CSRD) requirements for large companies that have not yet started reporting, as well as listed SMEs, and by one year the transposition deadline and the first phase of the application (covering the largest companies) of the Corporate Sustainability Due Diligence Directive (CSDDD). Following the approval by the European Council, the legislative act will be published in the EU’s Official Journal. Member States, including Ireland, will be required to transpose the Directive into their national legislation by 31 December 2025. EFRAG has launched a call for input on the revision of the European Sustainability Reporting Standards (ESRSs) Set 1 with comments requested by 6 May 2025. It has also submitted its work plan to the European Commission outlining the steps it will take to fulfil the specific mandate received on 27 March 2025 to provide technical advice on the revision and simplification of the European Sustainability Reporting Standards (ESRS). Following on from the European Commission’s Omnibus Proposals, which seek to reduce the reporting burden on European Companies, Accountancy Europe has issued a statement addressing the ESRS Revision Due Process. The IFRS Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) have signed a ‘Memorandum of Understanding’ (MoU) to formalise their collaboration. It has also signed a Memorandum of Understanding (MoU) with the Inter-American Development Bank (IDB) to promote the adoption and implementation of the ISSB standards across Latin America and the Caribbean. The International Sustainability Standards Board (ISSB) has issued its April 2025 update and podcast, published a new episode of its “Perspectives on sustainability disclosure” series entitled “Ramping up systems and processes for sustainability data” and published Exposure Draft ISSB/ED/2025/1 ‘Amendments to Greenhouse Gas Emissions Disclosures’ with comments requested by 27 June 2025. Articles EU Commission faces complaint over easing of sustainability rules (Reuters) Hybrid work critical for workplace wellness, survey finds (RTE News) Global Poll Shows Business Leaders Support Rapid Transition Away From Fossil Fuels (Business Green) ECJ rejection of Minimum Wages Directive would deal blow to social Europe programme – Tasc (Irish Times) More than €31bn in fossil fuel investments ‘based in Ireland’ (Irish Times) Why businesses should not go cold on climate resilience (Financial Times – Sustainable Views) Green budgeting: driving sustainable growth through smart planning (ICEAW Insights) Resources A4S Accounting for Sustainability (A4S) has published its April newsletter, news of how Google is aligning financial planning and transition planning, the publication of the 4th edition of A4S’s Navigating the Reporting Landscape guide, and links to events and workshops, including the Sustainability Reporting workshop in Chartered Accountant House in Dublin on 22 May.          UN Global Compact 2025 Catalogue and User Guide The UN Global Compact is promoting its Academy, a digital learning platform helping business leaders develop practical skills to tackle sustainability challenges and drive impact aligned with the SDGs and the Ten Principles of the UN Global Compact. Featuring accessible webinars, on-demand courses, and case examples available anytime and in multiple languages, the Academy provides insights and best practices to support businesses at every stage of their sustainability journey. Participants can also earn certificates to showcase their achievements. Find FAQs, and access the Academy User Guide for detailed guidance including the Employee Engagement Toolkit to help get the most out of your experience. Events Enterprise Ireland, Ecodesign for Sustainable Products Regulation This webinar is relevant for all industry involved in a value chain of a company operating in the EU, including product manufacturers, importers, distributors, dealers and service providers. Virtual, 7 May 2025, 1:00 PM to 2:00 PM   Cork District Society Chartered Accountants Ireland, Sustainability for Success Join us on Thursday, 15 May from 1-2pm for the first webinar in the Cork Society Chartered Accountants in Industry Webinar series on Sustainability for Success: How Freefoam is Building a Future-Fit Organisation with Kevin Cronin, COO and Sustainability Lead at Freefoam. Virtual, 15 May 2025, Free, 12.00-13.00   Dublin Chamber, The Sustainability Academy: Strategic Sustainability Leadership This course is tailored for business leaders and managers aiming to enhance their expertise in sustainability leadership. It delves into strategies for driving sustainable change within top organisations, the intricacies of crafting impactful sustainability reports, and the art of communicating sustainability initiatives to stakeholders. Virtual: Fri 16th - Mon 19 May 2025 | 9.30am - 12.30pm   Dublin Chamber, The Sustainability Academy: Internal Sustainability Integration - Building a Sustainable Workplace Culture This workshop is for professionals in internal-facing roles, such as finance, operations, and HR. It focuses on integrating sustainability practices within an organisation’s internal mechanisms, highlighting how these practices can enhance employee engagement, operational efficiency, and the workplace environment.   Virtual: Mon 26 May 2025 | 9.30am - 12.30pm   EPA, EPA Annual Climate Change Conference 2025 The EPA Annual Climate Change Conference will be held on Wednesday 28 May 2025 in Dublin Castle. Please save the date for this event. In person, May 28, 2025   Enterprise Northern Ireland, Funding for Growth: Transitioning Your Business to Net Zero The third session in a three-part in-person series for Micro and Small Businesses, which also includes events on Accessing Debt Finance and Grant & Equity Finance, this session will cover the importance of net-zero in future-proofing your business, support available to help finance your transition to net-zero, and how small businesses are leading the charge to net-zero In person, Thursday 26 June 2025, 9:30am to 1:30pm, Venue: Craigavon Industrial Development Organisation, Portadown, Cost: Free     Sustainability Centre You can find information, guidance and supports to understand sustainability and meet the challenges it presents in our online Sustainability Centre.    

  In this week’s Sustainability/ESG Bulletin read about the Irish Government’s Climate Action Plan 2025, Chartered Accountants Ireland’s letter to the Government highlighting SMEs’ sustainability needs, the new Business Energy Upgrades Schemes, new business opportunities to associate with native woodlands, ISIF’s additional €1bn committed to climate investments, and reports into Irelands’ Offshore Wind Strategy, the gender income gap, and EV sales. Also covered are developments in Europe, as well as the usual articles, resources and upcoming events, including the next ESG Network meeting.      Chartered Accountants Ireland news Accountancy Ireland goes digital Accountancy Ireland, the flagship publication from Chartered Accountants Ireland, has published its first fully digital edition in its more than 50 years of publication. In a sustainability-themed issue, April’s Accountancy Ireland includes articles on green energy, infrastructure, sustainability reporting, accounting for sustainability and perspectives from Institute members. Commenting, Institute President Barry Doyle, described the initiative as “reflect[ing] the Institute’s ongoing and long-term goal of reducing our environmental impact for a better tomorrow as articulated in our strategy. In reducing production inputs, transport and waste volumes, we strive to meet this goal for all our benefit.” Congratulations UrbanVolt! Chartered Accountants Ireland congratulates UrbanVolt for winning the ESG Company Award (SMEs) in the Business & Finance Media Group ESG Awards 2025, in partnership with Grant Thornton Ireland. Chartered Accountants Ireland was honoured to have been shortlisted in the category and congratulates all fellow nominees, and all winners, across the 15 categories. Institute shortlisted for Association and Institute Awards Chartered Accountants Ireland has been shortlisted for the Association and Institutes Awards in the following categories: The Rhapsode digital bookshelf for Best Publication The amalgamation for Best Collaboration Project Sustainability / ESG bulletin for Best Blog, Podcast or Video Congratulations to all our fellow nominees across over 19 categories and we look forward to the Awards on 12 June at Royal Marine Hotel, Dun Laoghaire!   IRELAND NEWS Government approves Climate Action Plan 2025 The Government has approved the Climate Action Plan 2025, the roadmap of actions to enable Ireland to achieve its climate objectives. This is the third statutory update to the plan since the Climate Action and Low Carbon Development (Amendment) Act 2021 was signed into law, committing Ireland to achieving by 2050 the transition to a climate-resilient, biodiversity-rich, environmentally sustainable and climate-neutral economy. Described as a ‘streamlined Climate Action Plan’, to be read in conjunction with Climate Action Plan 2024, the 2025 Plan aims to put climate solutions at the centre of Ireland’s social and economic development. It is also the final Climate Action Plan of the first 5-year Carbon Budget – marking an important midpoint in what has been called ‘the decade of climate action’. Institute highlights SME needs in response to Department of Environment, Climate and Communications consultation Chartered Accountants Ireland has responded to the Department of the Environment, Climate and Communications’ public consultation on its 2025-2028 Statement of Strategy. In our submission, we called for the Department to acknowledge the barriers preventing businesses, in particular SMEs, from playing a greater role in tackling the climate and biodiversity crises and to set out a series of clear, practical strategies to address these. Focus should also be given to better communicating the clear commercial opportunities that a transition to a low-carbon, climate-resilient and biodiversity rich economy can bring to Irish businesses. Review of the National Development Plan The Department of Public Expenditure, NDP Delivery and Reform (DPENDR) will commence a review of the National Development Plan, to be completed in July 2025. The review will cover all public capital investment to 2035, including among other things, the Infrastructure, Climate and Nature Fund. The National Development Plan sets out the investment priorities that will underpin the successful implementation of the National Planning Framework (NPF), included under Project Ireland 2040, and wider government policies. The review of the National Development Plan (NDP) will also include a climate assessment of any programmes receiving funding. New Business Energy Upgrades Scheme expands range of grants targeting SMEs Minister for Climate, Environment and Energy Darragh O'Brien officially launched the Business Energy Upgrades Scheme this week, expanding the range of Rapid Approval Grants targeted at SMEs to enable them carry out energy and emissions-saving investments. The range includes the Support Scheme for Energy Audits (SSEA) and the Non-Domestic Microgeneration Grant. These schemes aim to provide ‘substantial support’ to the SME sector to address energy costs and reduce emissions in their buildings, and are open to all businesses, and public bodies, who are upgrading a building they own or occupy. Opportunity for businesses to associate with native woodlands The Minister of State for Forestry, Farm Safety and Horticulture, Michael Healy-Rae, has announced the opening of the updated Woodland Environmental Fund, inviting businesses of all types and sizes to consider participating. In addition to the benefits to local landowners and to Ireland’s native woodlands, participating businesses stand to enhance the reputation of their businesses by association with the creation of “a significant tangible environmental asset that will become a permanent feature of the landscape”. The Minister described the Fund as “an ideal way for a business to exercise, and demonstrate, its corporate social responsibility, as the restoration of Ireland’s once-vast forests of oak, birch and alder delivers real environmental benefits, as well as providing additional income to farmers.” ISIF commits an additional €1bn to climate investments and €500m to Ireland’s regional cities The Ireland Strategic Investment Fund (ISIF), part of the National Treasury Management Agency (NTMA), has committed an additional €1bn to climate investments and €500m to Ireland’s five regional cities of Cork, Limerick, Galway, Waterford and Kilkenny. The announcement comes after new figures published by ISIF show it has exceeded its previous €1bn target for investments in climate and its previous €500m target for investing in regional cities, up to two years ahead of schedule. The new commitments will double ISIF’s commitments to both categories – bringing total climate commitments to €2bn and regional city commitments to €1bn over the next four years. The new commitments coincide with the publication of ISIF’s 10-years of Impact Report which sets out its progress since inception in late 2014. Progress report on Ireland's Offshore Wind Strategy Powering Prosperity Implementation Progress Report, the report published by the Department of Enterprise, Trade and Employment on the progress of Ireland’s Offshore Wind Industrial Strategy, has highlighted milestones in Ireland’s journey towards becoming a global leader in offshore renewable energy. The report states that 38 of the 40 actions outlined in the strategy are either completed or underway. The strategy, which launched in 2024, set out to capture the value of the country’s Offshore Renewable Energy (ORE) supply chain and maximise the economic impact of Ireland’s renewable energy goals. Report finds significant gender income gap persists despite rising number of women in paid work The Irish Human Rights and Equality Commission and the Economic and Social Research Institute have published a report which finds that despite rising numbers of women in paid work, a significant gender income gap persists. The report, Child Related Leave: Usage and Implications for Gender Equality, reveals that there are fewer women in the workforce than men, and that women are more likely to be in part-time work, usually due to caring responsibilities. The gender income gap usually emerges after the birth of a child and continues throughout a woman’s whole life. 84 percent increase in new plug-in hybrid electric vehicles purchased compared to 2024 New electric vehicles licensed in March 2025 rose by 31 percent compared with the same period last year, according to figures published by the Central Statistics Office (CSO) this week. The number of new electric vehicles licensed in March 2025 rose by 31 percent when compared with March 2024 (2,473 vs 1,884). The number of new plug-in hybrid electric vehicles (PHEV) licensed in March 2025 grew by 84 percent when compared with March 2024 (2,202 vs 1,195). Business in the Community Ireland launches 2025-2028 Strategy Business in the Community Ireland (BITCI), the Dublin-based not-for-profit that aims to drive sustainability and social inclusion in business, has launched its Strategy for Impact 2025-2028. The new strategy sets out its vision for supporting businesses to lead the transition to a net zero, nature-positive, and inclusive society. As part of its 25th anniversary celebrations, BITCI is also hosting a landmark conference entitled ‘Lead, Innovate, Achieve: Championing sustainability and social inclusion for 25 years’ in Dublin on 11 September.   EUROPE NEWS Omnibus given final green light The European Council has given its final green light on one of the Commission’s proposals to simplify EU rules. This so-called ‘Stop-the-clock’ proposal postpones the dates of application of the CSRD and CSDDD. Read more from Chartered Accountants Ireland here. Accountancy Europe’s April's Sustainability Newsletter Accountancy Europe’s April's Sustainability Newsletter has published and includes   latest news on the Omnibus ‘stop-the-clock’ proposal, EFRAG updates and more. Among the news covered is the reaffirmation by Accountancy Europe and the International Federation of Accountants (IFAC) of their commitment to high-quality and consistent sustainability assurance, and the proposals by the EU Platform on Sustainable Finance (PSF) of a voluntary and streamlined standard to help SMEs demonstrate their climate-related sustainability efforts. Strengthening society’s engagement with nature The European Environment Agency has published a briefing in support of the implementation of the EU’s Biodiversity Strategy for 2030 and Nature Restoration Regulation. It describes how cultural attitudes influence human interactions with nature, and reviews the societal factors needed to halt and reverse biodiversity loss. Seven key factors are identified as encouraging wide and continued societal engagement in protecting nature, such as ensuring evidence-based decision making and clear and efficient collaboration with stakeholders.  2024 European State of the Climate publishes The European State of the Climate 2024 (ESOTC 2024) report has found that Europe is the fastest-warming continent, and the impacts of climate change are clear. 2024 was the warmest year on record for Europe, with record temperatures in central, eastern and southeastern regions. Storms were often severe and flooding widespread, claiming at least 335 lives and affecting an estimated 413,000 people. During the year, there was a striking east-west contrast in climate conditions, with extremely dry and often record-warm conditions in the east, and warm but wet conditions in the west. The report was released this week by the Copernicus Climate Change Service (C3S) and the World Meteorological Organization (WMO) and involved approximately 100 scientific contributors. WORLD NEWS The IFRS Foundation’s International Sustainability Standards Board (ISSB) and the Taskforce on Nature-related Financial Disclosures (TNFD) have established a partnership to enhance nature-related financial disclosures for capital markets. This new agreement enables the IFRS and TNFD to share research, knowledge, and technical expertise, informing both the ISSB’s Biodiversity, Ecosystems, and Ecosystem Services (BEES) initiative and the nature-related aspects of its efforts to improve industry-focused SASB standards. Articles Climate Action Plan: Rules for car advertising, more energy-efficient buildings: What's in the new Climate Action Plan (The Journal)   Ireland not on 'clear path' to hit climate goals with plan (RTÉ)   Measures in 2025 climate plan will be at centre of social and economic development, Government says (Irish Times)   Making the business case for sustainability after the omnibus (Sustainable Views – Subscription) UK firms ditching diversity and inclusion ‘face higher risk of lawsuits’ (The Guardian)   When fathers don’t take family leave, workplace inequality persists (Irish Times)   “What gets measured gets done” – Catherine Duggan, Head of Sustainability for Grant Thornton on enterprising ESG practices (Business and Finance)   ‘We can’t sacrifice resilience on the altar of efficiency’ - Central Bank warns on deregulation drive (Business Post)   Climate crisis on track to destroy capitalism, warns top insurer (The Guardian)   Did you know? The Tallaght District Heating Scheme is the first large-scale district heating network of its kind in Ireland. To date it has generated almost 6,000 MWh of energy, saving 1,098 tCO2 as of June 2024, and is estimated to generate 270,000 MWh energy over its lifetime (25-35 years). It currently supplies heat to a number of public and residential buildings in the area using waste heat from the nearby Amazon data centre.   Resources Capitals Coalition newsletter Curious about how businesses and finance are redefining value for nature, people, and the economy? Each month, the Capitals Coalition newsletter brings fresh thinking, practical tools, and real-world examples from its global network, spotlighting how organisations are embedding natural, social, human and produced capital into decision-making. From policy shifts to project updates, events and good news, it’s a snapshot of where momentum is building and where you can join in. Subscribe here Chartered Accountants Worldwide - Difference Makers Discuss In case you missed it, Chartered Accountants Worldwide’s latest Difference Makers Discuss with Ainslie van Onselen and Carmine Di Noia, Director for Financial and Enterprise Affairs at the OECD is now available to stream on demand. This exclusive conversation explores: ✅ How finance professionals can tackle climate challenges & drive digital transformation ✅ The OECD’s work with global institutions to promote sustainability & social equity ✅ The evolving role of Chartered Accountants in an ESG-driven world ✅ Practical advice for young CEOs navigating today’s economic landscape ICAEW’s Sustainability Accelerator Programme ICAEW’s Sustainability Accelerator Programme has been designed to equip finance professionals with the strategic insight and technical expertise required to lead sustainability and ESG initiatives in today’s rapidly evolving business landscape. Incorporating ICAEW's popular Sustainability Certificate, this flexible series of elearning resources offers up to 50 hours of professional development.  Events Chartered Accountants Ireland, Chartered Accountants Ireland ESG Network meeting This meeting will be joined by three speakers: Elaine O’Regan,  Managing Editor, Accountancy Ireland will discuss the April Sustainability issue, and the rationale behind Accountancy Ireland becoming a fully digital publication; Laura Hueston, FCA, Co-Founder SustainabilityWorks will provide an update on the Omnibus, and role of sustainability in long-term viability of businesses regardless of row-back at EU and US level on sustainability reporting, Martina Goss, FCA, Business Coaching & Consulting, will discuss business model innovation & new product development: incorporating sustainability, lean methodologies and a new mindset for accountants Presentations from 2.00-3.00 will be followed by a group discussion from 3.00 – 3.30 Virtual (Zoom) email sustainability@charteredaccountants.ie if you want to join the ESG Network.   DCU, Dispatches from a changing climate: Engaging society through activism, storytelling and the arts  DCU’s Institute for Climate and Society annual conference will take place on Tuesday, 29 April on the DCU Glasnevin Campus with keynote speaker Mary Lawlor, UN Special Rapporteur on Human Rights Defenders. The conference will also feature a range of speakers from the arts, the media and academia.  In person, 29 April, Free, 09:00 to 17:00   NatCap, Measuring impacts in the supply chain The supply chain is where many of the most significant nature-related risks and opportunities lie, yet it remains one of the most challenging areas for businesses to measure and manage effectively. As regulatory and investor expectations rise, companies face increasing pressure to evaluate, assess, and manage the nature-related impacts of their supply chains. Join NatCap for a focused session on how to assess these impacts, generate actionable insights to identify priority areas for action, and prepare for evolving frameworks like the TNFD and CSRD (ESRS E4). Virtual, April 29, 12:00 PM   Cork District Society Chartered Accountants Ireland, Sustainability for Success Join us on Thursday, 15 May from 1-2pm for the first webinar in the Cork Society Chartered Accountants in Industry Webinar series on Sustainability for Success: How Freefoam is Building a Future-Fit Organisation with Kevin Cronin, COO and Sustainability Lead at Freefoam. Virtual, 15 May 2025, Free, 12.00-13.00   Chartered Accountants Ireland, The SME and SMP Sustainability Workshop A workshop for SMEs and small/medium accounting practices (SMPs) on how to get ahead of the sustainability curve. This interactive half-day session will focus on positive actions you can take to understand the ‘trickle-down’ effect of the Corporate Sustainability Reporting Directive ('CSRD’), green public procurement, access to sustainable finance, and how to make your practice more sustainable to save costs and respond to staff and client demands. Virtual, 23 May, 9.30- 12.30; €60 members; €75 non-members; 3 hours CPD points.   EPA, EPA Annual Climate Change Conference 2025 The EPA Annual Climate Change Conference will be held on Wednesday 28 May 2025 in Dublin Castle. Please save the date for this event. In person, May 28, 2025   Sustainability Centre You can find information, guidance and supports to understand sustainability and meet the challenges it presents in our online Sustainability Centre.