In this week’s Sustainability/ESG bulletin, read about Ireland’s new €250 million Seed and Venture Capital Scheme, which will help SMEs scale with a focus on ESG and sustainability. Also covered is Northern Ireland’s Low Carbon/Net Zero Sectoral Action Plan, a review into sharing adaptation actions, a report finding stark gaps in corporate environmental and social responsibility, and the usual articles, resources and events. Ireland/Northern Ireland news New Seed and Venture Capital Scheme to help SMEs scale with a focus on ESG and sustainability  The Minister for Enterprise, Trade and Employment, Peter Burke, T.D., has announced a new cycle of the Seed and Venture Capital Scheme. The new cycle will operate from 2025 to 2029 and will have a record allocation of €250 million. Administered by Enterprise Ireland, the Scheme will provide funding for Irish companies in their early stages of development. Commenting on the announcement, Leo McAdams, Enterprise Ireland, said that the scheme will play a role in stimulating the Irish economy, by supporting SMEs to, among other things, “scale with a focus on ESG, sustainability and regional activity.” Northern Ireland’s Low Carbon/Net Zero Sectoral Action Plan   Northern Ireland’s Economy Minister Conor Murphy recently launched sectoral action plans for seven of the most innovative, productive and internationally oriented parts of the region’s economy. The Low Carbon/Net Zero Sectoral Action Plan in particular mentions that the region can become a ‘greenshoring’ destination of choice for companies wishing to establish a low carbon/net zero manufacturing base and supply chain.  Read the plan here. Europe news A new European Environment Agency (EEA) review of the EU’s Climate-ADAPT online platform shows that sharing examples of adaptation actions can boost learning across the EU to help societies better prepare for climate change. The  briefing, Preparing society for climate risks in Europe, stresses the need to scale up adaptation measures and actions across all policy sectors and governance levels to address escalating climate risks like extreme heat, drought, wildfires and flooding. The review comes after record-breaking high temperatures across Europe in July, which saw heatwaves causing loss of life, particularly in Southern Europe.  World news A new report finds ‘stark gaps’ in corporate environmental and social responsibility. The Nature Benchmark, published by the World Benchmarking Alliance’s (WBA), tracks and measures how over 800 major corporations across 20 industries are reducing their negative impacts on nature and contributing to the protection and restoration of ecosystems. The study found ‘a pervasive gap’ between the high-level commitments made by many large corporations to safeguard nature and the tangible action plans required to realise these commitments, and deficiencies in collecting and disseminating robust data to substantiate claims of meaningful progress. Sustainability Reporting and Assurance Diplomas starting soon With the mandatory corporate Sustainability Reporting and Assurance in the EU starting this year, Chartered Accountants Ireland’s Sustainability Diplomas are back for the Autumn Schedule for our Professional Development courses.  Diploma in Sustainability Reporting is designed for chartered accountants and others leading the implementation of the new European Sustainability Reporting Standards (ESRS).  Our Diploma in Auditing and Assuring Sustainability Reporting is tailored for Chartered Accountants and others seeking to conduct sustainability assurance and become licensed as Sustainability Assurance Service Providers (SASPs).  Articles Chartered Star 2024 winner Evan O’Donnell talks to Susan Rossney, Sustainability Advocacy Manager with Chartered Accountants Ireland, about the future of sustainability in the profession (Accountancy Ireland) SMEs, the supply chain and the sustainability agenda (Accountancy Ireland) Being your own advocate at work - especially if you're neurodivergent (Accountancy Ireland) Sustainability and Finance: How Ireland meets the industry’s emerging skills need (IDA Ireland) Bosses cut flying day trips as travel settles into permanent ‘new normal’ (Financial Times) Britain to propose law next year to regulate ESG raters (Reuters) ‘Massive disinformation campaign’ is slowing global transition to green energy (The Guardian) Moving Beyond ESG - a new playbook for responsible business - Robert G. Eccles (Harvard Business Review) Podcasts The Guardian -  The dangers resulting from extreme heat, and what society can do to mitigate them (30 minutes) Transforming Tomorrow  - Short, accessible listens on sustainability and business. Professor Jan Bebbington and Paul Turner cover externalities and other topics (23 mins) Did you know? The BBC is putting climate change at front of broadcasting, and wants to boost sustainability education, halve emissions by 2030 and become net zero by 2050. As a signatory of The Climate Content Pledge, the BBC aims to use its content to educate and inspire viewers on climate issues. Notable efforts include integrating climate change themes into popular programs like Blue Planet, DIY SOS and Top Gear. Upcoming Events Chartered Accountants Worldwide Special Edition This special episode of the "Difference Makers Discuss Live" series will be hosted by Ainslie van Onselen, Chair of Chartered Accountants Worldwide. Ainslie will join Jessica Fries, Executive Chair of A4S and a Chartered Accountant from the Institute of Chartered Accountants in England and Wales. Jessica will share insights into her career path and role at A4S, as well as discuss the current global sustainability landscape and Chartered Accountants' impact on advancing sustainability. Virtual, Thursday 22 August | 6:00pm – 6:30pm A4S (Accounting for Sustainability) Pensions Deep Dive: Using a narrative scenario approach for asset allocation Mirko Cardinale, Head of Investment Strategy, USS Investment Management, will share insights on using a narrative scenario approach within investment decision-making processes, and how this affected USS's thematic investment outlook and strategic asset allocation review. There will also be a Q&A discussion on the practical implementation of narrative scenarios to support the asset allocation process. In person/virtual: 5 September, 16.00–17.30 BST A4S (Accounting for Sustainability) Sustainability in Action Webinar: Net zero – Scope 3 for the real economy Register for this webinar to receive practical advice for measuring and reducing your scope 3 emissions. During the webinar, we will discuss the pivotal role that finance teams can play in addressing scope 3 emissions. Practical examples shared during the webinar will help you translate the experience and learnings of others to your work. In person, 10 September,16:00 BST Premier Publishing & Events, Northern Ireland Sustainability Summit The 2024 Northern Ireland Sustainability Summit is being held in the TEC, Belfast on the 12th of September with an impressive line-up of Sustainability leaders, academics and government agencies who will engage in a stimulating blend of keynote addresses and debates. The theme is ‘Creating an Innovative and Sustainable Manufacturing & Supply Chain Ecosystem’ In person, Titanic Exhibition Centre Belfast, 12 September  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, Chartered Accountant House, 13 September, 9.30- 12.30; €60 members; €75 non-members; 3 hours CPD points. EPA, Circular Economy Conference 2024 Online and in-person (Aviva Stadium, Dublin), 25 September Dublin Chamber, The Sustainability Academy Dublin Chamber is running its Sustainability Academy again this year with workshops offering a unique opportunity to gain a comprehensive and well-rounded understanding of sustainability. This course fee includes a free one-hour, post-workshop one-on-one advisory consultation per company with an expert advisor. Virtual, starting 27 September ESG Summit Europe, ESG Summit Europe 2024 In person, Madrid, October 1-2  ICAEW, Annual Conference 2024 Discover forward-looking insights on the economy, with a particular focus on sustainability, leadership, and technology designed to help you navigate a rapidly evolving external environment, drive business growth and discuss how to build a better, more resilient economic future. In person, Convene, London UK, 4 October,  8:00 - 17:00 BST    Environment Ireland, Environment Conference Environment Ireland® is Ireland’s major environmental policy and management conference. Now in its 20th year, this important event features a range of focused sessions highlighting the pressing issues facing the environment in Ireland and further afield. In person, Croke Park, 17 October Chartered Accountants Ireland ESG Masterclass: Take your sustainability knowledge to the next level (ROI/NI) Masterclass designed for all professional accountants working in business or practice, wishing to consolidate their knowledge and understanding of the sustainability regulatory, reporting and assurance landscape. 24 October, 08:30 – 12.00, Virtual IAFA & IAASA  Integrating Sustainability Reporting and Assurance into Accounting Education Conference The conference is a collaboration between IAFA and the Irish Auditing and Accounting Supervisory Authority (IAASA) and aims to build awareness of the implications of sustainability reporting & assurance for accounting education, and to foster meaningful dialogue & collaboration among stakeholders to drive positive change. It will explore: Challenges and opportunities facing accounting education in the context of sustainability reporting and assurance, Corporate Sustainability Reporting Directive (CSRD) and its implications for accounting education, Future skills for sustainability reporting and assurance, Strategies for enhancing accounting education and student skills development. In person, 1 November, Maynooth University Network for Chartered Accountants working on ESG projects Are you a Chartered Accountant working in ESG or working on ESG-related projects? Would you like an opportunity to engage with other Chartered Accountants working in this space to share insights, challenges and opportunities? Chartered Accountants Ireland now has a network to allow members working in sustainability/ESG to meet and discuss all matters of interest re ESG and accounting. Next meeting: Wednesday, 28 August, 14:00-15.30 Zoom If you would like to attend, please email sustainability@charteredaccountants.ie You can find information, guidance and supports to understand sustainability and meet the challenges it presents in our online Sustainability Centre.

The Central Statistics Office (CSO) has published Environment, Social and Governance Reporting: Data for the Enterprise Economy 2024. This is the first time the CSO has published environment, social and governance (ESG) information, and is one of the first European statistical offices to do so. Commenting on the publication, James Hegarty, Statistician, described the primary aim of this release “to raise awareness around ESG and corporate responsibility, and what it will increasingly mean for a range of Irish enterprises.” There are chapters on climate change, pollution, the workforce, governance, and other relevant ESG topics. The release finds that while Irish enterprises are making progress in terms of increasing the use of renewable energy and improving building energy ratings, there is still a significant journey to be travelled in terms of further reducing overall emissions. The most recent provisional 2023 emissions data, released by the Environmental Protection Agency on 8 July 2024, shows that greenhouse gas emissions (including Land Use, Land Use Change, and Forestry) were 7.8 percent lower than in 2018, with a distance to travel to the National Climate Ambition of a 51 percent reduction by 2030. In terms of the workforce, Irish enterprises are performing well in terms of overall employment, but improvement is still needed in terms of reducing the gender pay gap and increasing female representation on boards. In 2022, the gender pay gap for Ireland was 9.6 percent and mean earnings for females were €25.06 while mean earnings for males were €27.73. Only one in four members of Boards of Directors in Ireland were female in 2023, up from almost 22 percent in 2021. The release is part of the CSO Frontier Series which presents a series of environmental, social, and governance data that bring a heightened awareness to the non-financial performance of the enterprise economy in light of regulatory developments. The CSO is planning on developing a corporate responsibility/ESG dashboard in 2025. This will be an evolving and fluid space that will allow for additional quantitative and qualitative data sources to be added over time.  

The report from the Chair of the National Economic Dialogue 2024, which took place on 27 May, has published, and describes a “more shock-prone world” with changing global trade and investment patterns presenting significant implications for the domestic economy.  Under the broad headings of competitiveness and inclusion, four specific themes emerged as the key areas of concern. Public service delivery Challenges facing the SME sector Housing and infrastructure and Labour markets A breakout session on climate actions and the green transition discussed the impact of the green transition on Ireland’s international competitiveness. It pointed to how Ireland is operating in a global market and with vast investment in the green economy by the US and China. This, and the resulting actions by other EU governments, presents a danger that Irish businesses are losing a level playing field. There was a call to review how the tax system and further regulatory and policy certainty can assist with supporting the competitiveness of Irish businesses, particularly in giving confidence to businesses and industry to undertake the kind of long-term investments that are needed from the private sector for the green transition. There was a strong desire for multi-year budget policies that span Governments to remove the perceived risk to those investing in the green transition. Under the theme of ‘the challenges of sluggish and disjointed systems’, actions were suggested that could make it easier to access supports, including positive tax provisions. Carbon contracts for difference, which gave some certainty for investors, especially in the higher interest rate environment, were mentioned as a possible avenue for exploration.     

  In this week’s Sustainability/ESG bulletin, read about sustainability-related warnings from the National Competitiveness and Productivity Council (NCPC) and in the National Economic Dialogue 2024 report. Also covered is the CSO’s first-time publication of ESG information, sustainability indicators in Ireland’s wellbeing framework that contribute to the Budget process, updates from Northern Ireland and Europe, including the passing into law of the CSDDD and EFRAG’s release of a study on early implementation of ESRS, and the usual articles resources and events. Ireland news CSO offices publishes ESG information for the first time The Central Statistics Office (CSO) has published Environment, Social and Governance Reporting: Data for the Enterprise Economy 2024. This is the first time the CSO has published environment, social and governance (ESG) information, and is one of the first European statistical offices to do so. Read our summary here. Budget process contributor tracking sustainability indicators publishes The Government has published 'Understanding Life in Ireland: The Well-being Framework 2024', showing Ireland’s performance on 35 indicators, across 11 dimensions. Of the 15 indicators considered particularly important for sustainability (economic, social and environmental), seven perform well over time and Ireland compares favourably with other countries in four. The Environment, Climate and Biodiversity dimensions performed negatively, though, both over time and in comparison, internationally. Analysing progress under the Well-being Framework is now an annual contribution to the Budget process and supports a broader discussion of the impact of budgetary decisions. “A more shock-prone world”: challenges and opportunities for Ireland The report from the Chair of the National Economic Dialogue 2024, which took place on 27 May, has published, describing a “more shock-prone world” with changing global trade and investment patterns presenting significant implications for the domestic economy.  Read our summary here. Report finds deficits in Ireland’s competitiveness The National Competitiveness and Productivity Council (NCPC) has warned that the current strain on utilities means business demand could soon outstrip supply with ramifications for inward investment. The Competitiveness Challenge 2024 report, which published last week, set out a range of key challenges facing Ireland’s economy, which included “persistent deficits” in energy and water representing a serious “reputational risk for Ireland”. NESC calls for work quality across all sectors The National Economic and Social Council’s (NESC) also published a report advocating for improving work quality across all economic sectors. The report, titled Towards a National Better Work Strategy calls for targeted state intervention and greater integration of social policy, productivity, and skills development. Key recommendations include sectoral taskforces, social partner involvement, comprehensive research programs, and a focus on workplace innovation. Separately, the Minister for Social Protection, Heather Humphreys TD, launched Work and Access, a new Employment Programme aimed at removing barriers that disabled people may face in the workplace. The programme offers seven key grants for supports ranging from equipment to training. UK/Northern Ireland news Launch of open call for energy research The Department for the Economy has launched an open call for energy research, with £400K funding available. The research funded will directly contribute to the evidence base that will support policy-making associated with the Energy Strategy. Further information on the call, including themes, proposal guidance and key dates, can be found here and the deadline for submissions is 30 August. Survey into impact of plastics-related regulatory changes The Office for the Internal Market (OIM), part of the Competition and Markets Authority (CMA), has launched a study on the economic impacts of measures to reduce the use of single-use plastics, which can help with the development of future policy by governments. OIM is seeking views from businesses about their experience of dealing with regulatory changes in relation to single-use plastics. They have issued an online survey which is available here until 16 September. Women in business bootcamps Women in Business is running a wide-ranging programme of female entrepreneurship programmes and events over the upcoming months. The free Yes You Can: Imagine It Bootcamps are delivered for women who want to turn their hobbies or burning business ideas into a reality. The next bootcamp is on Wednesday 18 September at Mallusk Enterprise Park, with more locations to be announced for Autumn 2024 and early 2025. Sustainable development and The Kings Awards for Enterprise Northern Ireland businesses are invited to apply for The King's Awards for Enterprise, which recognise and encourage the outstanding achievements of UK businesses in the fields of sustainable development, as well as international trade, innovation and promoting opportunity through social mobility. Businesses of all sizes and from all sectors can apply until Thursday 12 September, and full details are available here. Europe News EFRAG releases study on early implementation of ESRS The European Financial Reporting Advisory Group (EFRAG) has published a study that sets out preliminary practices related to the implementation of European Sustainability Reporting Standards (ESRS). The conclusions of the study are based on interviews of 28 large EU-headquartered undertakings across eight sectors split between financial and non-financial enterprises. The report, titled State of play as of Q2 2024 | Implementation of European Sustainability Reporting Standards (ESRS): Initial Practices from Selected Companies' has a section ‘Preliminary observed ESRS implementation practices’ which sets out practices and challenges observed by a sample of large companies in the initial stages of ESRS implementation focusing on four areas: The double materiality assessment Data points Value chain and ESG reporting organisational approaches CSDDD enters into force The EU Corporate Sustainability Due Diligence Directive (CSDDD) has come into force after a lengthy legislative process during which it was approved by the EU Parliament in April 2024, adopted by the EU Council on 24 May 2024, published in the EU's Official Journal on 5 July 2024, and entered into force on 25 July 2024. EU member states now have 24 months to transpose the legislation into national law. The Directive  aims to foster sustainable and responsible corporate behaviour throughout global value chains. It applies to EU and non-EU companies with a turnover over €150 million and smaller companies in certain sectors. The European Commission has announced that it will start infringement procedures against Ireland and several other members states in the field of, among things, environment, calling on it to meet waste collection and recycling targets. Ireland has two months to respond and address the shortcomings raised by the Commission. In the absence of satisfactory responses, the Commission may decide to issue reasoned opinions. World news According to Copernicus Climate Change Service (C3S) data, the Earth experienced its warmest day since records began on July 22, 2024. As the planet continues to warm, it is anticipated that records will continue to be broken, underscoring the need for adaptation to climate change impacts. Articles Yes, these grey skies are ‘global warming’ (Irish Times) Survey shows 80 per cent of Irish people are ‘alarmed’ or ‘concerned’ about climate change (Irish Times) Could ISSB reporting mandates arrive sooner than first thought? (Accountancy Age) Bonuses linked to diversity & inclusion are being challenged. Where do Irish companies stand? (Business Post) Resources A4S (Accounting for Sustainability) has published a new report providing economy-wide, actionable recommendations for accelerating the global transition to a just, climate-resilient, net zero world. Accelerating the Transition: Assessing Progress and Driving Action outlines the current state of sustainability efforts and identifies barriers to progress. It proposes practical actions for businesses, investors, governments and regulators. IFAC has published an article The Value of Sustainable Practices at SMEs: A View from Pakistan sharing experiences from Pakistan to help small businesses identify how they can take action and how they can start their own sustainability journey, supported by a free resource that IFAC has developed. This resource is “Small Business Sustainability Checklist,”  a diagnostic tool to help SMEs identify sustainability risks and opportunities. Upcoming Events The Law Society of Ireland 2024 Environmental, Social and Governance (ESG) Massive Open Online Course (MOOC) Delivered over 5 weeks, the Law Society’s 2024 MOOC on ESG is now available online and on demand. The MOOC is free and open to all, and Institute Professional Accounting Lead, Dee Moran, is speaking on the topic of the sustainable reporting landscape. A4S (Accounting for Sustainability) Pensions Deep Dive: Using a narrative scenario approach for asset allocation Mirko Cardinale, Head of Investment Strategy, USS Investment Management, will share insights on using a narrative scenario approach within investment decision-making processes, and how this affected USS's thematic investment outlook and strategic asset allocation review. There will also be a Q&A discussion on the practical implementation of narrative scenarios to support the asset allocation process. In person/virtual: 5 September, 16.00–17.30 BST A4S (Accounting for Sustainability) Sustainability in Action Webinar: Net zero – Scope 3 for the real economy Register for this webinar to receive practical advice for measuring and reducing your scope 3 emissions. During the webinar, we will discuss the pivotal role that finance teams can play in addressing scope 3 emissions. Practical examples shared during the webinar will help you translate the experience and learnings of others to your work. In person, 10 September, 16:00 BST Premier Publishing & Events, Northern Ireland Sustainability Summit The 2024 Northern Ireland Sustainability Summit is being held in the TEC, Belfast on the 12th of September with an impressive line-up of Sustainability leaders, academics and government agencies who will engage in a stimulating blend of keynote addresses and debates. The theme is ‘Creating an Innovative and Sustainable Manufacturing & Supply Chain Ecosystem’ In person, Titanic Exhibition Centre Belfast, 12 September  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, Chartered Accountant House, 13 September, 9.30- 12.30; €60 members; €75 non-members; 3 hours CPD points. EPA, Circular Economy Conference 2024 Online and in-person (Aviva Stadium, Dublin), 25 September Dublin Chamber, The Sustainability Academy Dublin Chamber is running its Sustainability Academy again this year with workshops offering a unique opportunity to gain a comprehensive and well-rounded understanding of sustainability. This course fee includes a free one-hour, post-workshop one-on-one advisory consultation per company with an expert advisor. Virtual, starting 27 September ESG Summit Europe, ESG Summit Europe 2024 In person, Madrid, October 1-2  ICAEW, Annual Conference 2024 Discover forward-looking insights on the economy, with a particular focus on sustainability, leadership, and technology designed to help you navigate a rapidly evolving external environment, drive business growth and discuss how to build a better, more resilient economic future. In person, Convene, London UK, 4 October,  8:00 - 17:00 BST    Environment Ireland, Environment Conference Environment Ireland® is Ireland’s major environmental policy and management conference. Now in its 20th year, this important event features a range of focused sessions highlighting the pressing issues facing the environment in Ireland and further afield. In person, Croke Park, 17 October Chartered Accountants Ireland ESG Masterclass: Take your sustainability knowledge to the next level (ROI/NI) Masterclass designed for all professional accountants working in business or practice, wishing to consolidate their knowledge and understanding of the sustainability regulatory, reporting and assurance landscape. 24 October, 08:30 – 12.00, Virtual IAFA & IAASA  Integrating Sustainability Reporting and Assurance into Accounting Education Conference The conference is a collaboration between IAFA and the Irish Auditing and Accounting Supervisory Authority (IAASA) and aims to build awareness of the implications of sustainability reporting & assurance for accounting education, and to foster meaningful dialogue & collaboration among stakeholders to drive positive change. It will explore: Challenges and opportunities facing accounting education in the context of sustainability reporting and assurance, Corporate Sustainability Reporting Directive (CSRD) and its implications for accounting education, Future skills for sustainability reporting and assurance, Strategies for enhancing accounting education and student skills development. In person, 1 November, Maynooth University Network for Chartered Accountants working on ESG projects Are you a Chartered Accountant working in ESG or working on ESG-related projects? Would you like an opportunity to engage with other Chartered Accountants working in this space to share insights, challenges and opportunities? Chartered Accountants Ireland now has a network to allow members working in sustainability/ESG to meet and discuss all matters of interest re ESG and accounting. Next meeting: Wednesday, 28 August, 14:00-15.30 Zoom If you would like to attend, please email sustainability@charteredaccountants.ie     You can find information, guidance and supports to understand sustainability and meet the challenges it presents in our online Sustainability Centre.

As anticipation for an early general election continues to grow, the Institute’s public policy team has made submissions to all of the main political parties setting out the key policy priorities we would like to see featured in any future Programme for Government. Supporting small businesses While the Government has acknowledged the financial pressures SMEs are under, many businesses remain constrained by rising labour costs. In a recent survey of our members, 90 percent of respondents identified labour costs as being the single biggest operating cost facing their business today with over 90 percent saying that these have increased over the past year. With this in mind, we are calling for the next Government to: 1. Reduce Employers’ PRSI on minimum wage workers by 1.5 percent to mitigate the cost of auto-enrolment for employers Currently employers’ PRSI is paid at a rate of 8.8 percent (8.9 percent from October 2024) and a reduction by 1.5 percent would cost the Exchequer an estimated €63 million in a full year. This proposal would compensate employers who will have to introduce pensions auto-enrolment during 2025 at an initial cost of 1.5 percent. The cohort most impacted by the new pensions scheme will be the estimated 164,000 minimum wage workers. 2. Think small first when it comes to introducing new legislation and regulations SMEs have also had to deal with the introduction of an unprecedented number of new legislative requirements over the past 2 years, adding to their cost and administrative burden.  One example is the introduction of enhanced reporting for employers meaning that employers have to report in real-time details of tax-free travel and subsistence and other benefits paid to employees.  Government needs to be cognisant of these challenges when implementing new regulations and have regard to the timing and suitability of same. It is important that small companies do not face any unnecessary or disproportionate regulatory obstacles to start up, establish and grow.  This can be achieved by: Strictly applying the ‘enhanced SME test’ across all government departments when introducing new legislation that will ultimately affect the bottom lines of SMEs. Staggering the roll out of new workplace legislation in a timely manner so as not to overburden employers with additional new costs all at the same time. Facilitating consultation and dialogue with SMEs and other impacted stakeholder groups before introducing new legislation or policy that affects small businesses. Reducing the frequency of reporting the payment of travel and subsistence and other benefits to a monthly or annual basis. 3. Simplify the tax regime for SMEs to encourage enterprise and innovation It is acknowledged that businesses face a complex challenge in accessing tax reliefs and schemes and the Government has shown a desire for all businesses, especially SMEs, to know what they are entitled to claim and can access all appropriate schemes and reliefs.   However, there are several areas where improvements must be made including: (i) Making share-remuneration more attractive by: Maintaining the Employers’ PRSI exemption, which offsets some of the cost of establishing share schemes. Deferring all tax charges for the employee until a sale or liquidity event occurs and allowing CGT treatment on a redemption of employee-owned shares. Enhancing the Key Employee Engagement Programme (KEEP) scheme by relaxing some of the onerous conditions for establishment which drives set-up costs. (ii) Encouraging SMEs to claim the R&D tax credit Larger organisations represent a larger proportion of the amount of R&D tax credit claims in a year. Smaller organisations are disincentivised from claiming an otherwise-available R&D tax credit on the basis of a lack of certainty, fundamental tax risk, and burdensome scrutiny of claims. This can be achieved by: Offering an enhanced rate for small and micro companies of 50 percent. Simplifying the documentation and qualification requirements for SMEs. Introducing a Revenue pre-clearance system for first time claimants. Improving Revenue guidance targeted at SMEs and including a list of common pitfalls encountered by claimants. (iii) Reduce Capital Gains Tax from 33 percent to 25 percent Investment is critical in enabling start-ups to thrive and SMEs to grow and expand.  A lower rate of CGT has been shown to encourage innovation and risk taking. It encourages the sale and purchase of assets, which drives investment activity. This would improve returns for entrepreneurs and in turn the Exchequer.  Improving childcare capacity and affordability for working parents Childcare provision is part of the critical infrastructure necessary for a functioning economy. Access to affordable and good-quality childcare can play a key role in driving more sustainable and inclusive economic growth. In a survey of our members published earlier this year, 97 percent of respondents surveyed said that they had considered adjusting their working patterns as a result of not being able to find a childcare place while almost half of respondents signalled that they have had to reduce their working hours as a result of this. From a cost perspective, one third of members currently pay up to €1,000 a month per child on childcare with one third paying between €1,000 and €2,000 per child per month. This is not a sustainable situation. To address these issues, we are calling on the next Government to: 1. Commit to a whole-of-government strategy which recognises childcare as part of the critical infrastructure necessary for the functioning of the economy. This strategy should: Focus on encouraging the availability of flexible or part-time childcare places to reflect current work patterns. Targeted funding could be directed at facilities to offer more flexible offerings. Ensure adequate capacity in the sector by officially analysing and documenting childcare needs in local areas on a regular basis.  Expand the work of the Access and Inclusion Model (AIM) programme which caters for children with a disability by creating a more inclusive environment in pre-schools through universal and targeted supports. 2. Ensure funding of the existing system reflects the true cost of service provision and encourages growth in the sector. This can be achieved by: Regularly reviewing Core Funding to ensure that the model is suitable for the sector and enables providers to be sustainable, profitable and retain an ability to invest in their own services. Supporting an integrated system of full time and after-school care with both types of care adequately funded. Reflecting the additional cost burden placed on providers by the administrative requirements of Core Funding, the administration of the National Childcare Subsidies as well as the enhanced regulation experienced by childcare providers (and SMEs generally) by the introduction of new labour laws including pensions auto-enrolment, which is expected in 2025.   3. Enhance awareness of support subsidies available to parents under the National Childcare Scheme. This can be achieved by: Ensuring that maternity hospital and Public Health Nurses to provide information on the supports available to new parents in the early years. Requiring childcare providers to highlight available supports to parents as part of the application process to register their child with the childcare facility. Translating the NCS portal into other languages as language barriers have been reported as being a barrier to claiming the subsidy. As part of our pre-election campaign to promote the above advocacy agenda, in recent weeks representatives from the Institute have met with Minister for Enterprise, Trade and Employment Peter Burke and Minister for Finance Jack Chambers. In addition, we have engaged with senior officials at the Department of Children, Equality, Disability, Integration and Youth and have arranged forthcoming meetings with spokespeople from all of the main opposition parties. As we approach the next general election, the Institute’s public policy team will continue to advocate for our members interests across the political spectrum. Should you have any questions on our campaign or wish to bring a specific issue to our attention, please contact the public policy team at publicpolicy@charteredaccountants.ie  

  In this week’s Sustainability/ESG bulletin, read about recommendations by the Department of Finance on energy and vehicle tax, Ireland’s commitment to accelerating action on the UN SDGs, electricity consumption by data centres, and the business skills needed to report on nature. Also covered is HMRC’s provisional environmental taxes exchequer receipts, and the International Organization for Standardization (ISO) plans to develop an international standard on net zero, as well as the usual articles and events. Ireland news Department of Finance energy and vehicle tax strategy paper publishes The total yield from energy and vehicle taxes was €4.3 billion in 2023, representing 5 percent of overall tax receipts for 2023. This is according to the Energy and Vehicle Taxation Tax Strategy Group (TSG) paper, published this week by the Department of Finance, with the aim of informing budgetary policy. Read more here. Ireland's commitment to accelerating action on UN SDGs Minister Ossian Smyth, Minister of State at the Department of the Environment, Climate and Communications, has reaffirmed Ireland’s commitment to the full implementation of the UN Sustainable Development Goals (UN SDGs). Minister Smith delivered Ireland’s National Statement at the UN High-Level Political Forum on Sustainable Development in New York last week, where he also highlighted the shared responsibility for the implementation of the 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015. The outcomes of the Forum will build towards the Summit of the Future, which will take place on 22-23 September, during the UN General Assembly High-Level Week 2024. National Energy and Climate Plan (NECP) 2021-2030 Ireland has submitted its updated National Energy and Climate Plan (NECP) 2021-2030 to the European Commission. Whereas the annually updated National Climate Action Plans reflect new policies and measures to increase Ireland’s ambitions in pursuing energy and climate targets, the NECP acts more as a collation of existing policies, measures and actions, such as the Climate Action Plan, the National Development Plan, and Project Ireland 2040. It also provides an analysis of how Ireland is performing relative to EU-wide targets and will identify gaps and areas that Ireland can improve on, which should be reflected in updated policies and measures in subsequent Climate Action Plans. Research finds air pollution link with mental health Research published by the Economic and Social Research Institute (ESRI) and funded by the Environmental Protection Agency (EPA) has found that long-term exposure to air pollution is associated with poorer mental health in older people. Commenting, one of the paper’s co-authors, Professor Anne Nolan, noted that measures to reduce pollution from industry, transport and agriculture will be required to hit the targets set out in the recent Clean Air Strategy, which commits to the achievement of the WHO air quality guidelines by 2040. Data centres 2023 electricity consumption Figures released by the Central Statistics Office (CSO) this week show that data centres in Ireland now account for 21 percent of the total metered electricity consumption in the State, a four-fold increase on 2015 consumption of 5 percent. In comparison, urban and rural households used 18 percent and 10 percent respectively. Skills for sustainability reporting on nature Business for Biodiversity Ireland, in partnership with National Parks and Wildlife Service, is carrying out research into the biodiversity skills required to run a sustainable business in Ireland. They have created a survey for businesses to help them identify the skills, knowledge and competencies that may not yet be represented in their businesses. The survey takes two minutes to complete, and the findings will be presented to the Skills and Labour Market Research Unit and other relevant entities for their consideration. UK/Northern Ireland news HMRC has published provisional 2023/24 data on exchequer receipts from a range of environmental taxes, including the climate change levy. Overall receipts for 2023/24 are expected to be lower than in 2022/23. The total provisional Climate Change Levy (CCL) and Carbon Price Floor (CPF) receipts for the financial year 2023 to 2024 were 13% lower than the financial year ending 2023 and the total provisional Landfill Tax (LFT) and Aggregates Levy (AGL) receipts were 22 percent and 8 percent lower, respectively, than the financial year ending 2023.   Europe News Ursula Von der Leyen was re-elected as EU Commission President for a second term insisting the EU “stay the course” on the goals set out in the European Green Deal. A new law on sustainability requirements for a wide range of everyday household products has entered into force in the EU. The Ecodesign for Sustainable Products Regulation (ESPR) will enable requirements to be set with the aim of  ensuring products last longer, are easier to repair/recycle, contain more recycled materials, and are more energy and resource-efficient. Work will now focus on implementing the regulation. The European Commission has selected 134 transport projects to receive over €7 billion in EU grants  for sustainable, safe and smart investment in infrastructure. Ireland is set to receive €157.5 million, with Dublin Port's receiving €73.8 million and the Port of Cork €38.4 million. The remainder will fund multi-country EU projects with participation of an Irish national entity. The insurance industry has set out its priorities for a more prosperous, resilient, and competitive European Union. Insurance Europe calls on EU policymakers to continue to tackle climate change, with concrete actions on climate adaptation and strengthening resilience. Applications are open until 25 September for the 2025 European Prize for Women Innovators, celebrating women entrepreneurs who drive positive change. Categories include Women Innovators, Rising Innovators, and Women Leadership, with prizes up to €100,000. World news The International Organization for Standardization (ISO) has announced it will develop its first international standard on net zero, with a planned launch at COP30 in November 2025. The standard is an evolution of the ISO Net Zero Guidelines (launched at COP27), into an independently verifiable international standard, providing clear guidelines and robust requirements to support the net zero transition. Thousands of experts are expected to collaborate on the new standard, integrating the latest climate science. IFAC has pulled together numerous resources available for small- and medium-sized practices (SMPs), including a Small Business Sustainability Checklist . This is a diagnostic tool that SMPs can use with their SME clients to help them start their sustainability journey. Also available is their Sustainability Information for Small Businesses: The Opportunity for Practitioners , which highlights the range of emerging services SMPs can provide to their clients  Articles If the earth is getting hotter, why is this summer so dismal? (RTÉ)   Climate Heroes app has helped 60 communities across Ireland take climate action (Irish Times)   Ireland climbs to 5th in EY Renewable Energy Attractiveness Index (RTÉ)   Humanity has just five years to prevent irreversible climate damage, warns Ryan (Irish Times)   Upcoming Events The Law Society of Ireland 2024 Environmental, Social and Governance (ESG) Massive Open Online Course (MOOC) Delivered over 5 weeks, the Law Society’s 2024 MOOC on ESG is now available online and on demand. The MOOC is free and open to all, and Institute Professional Accounting Lead, Dee Moran, is speaking on the topic of the sustainable reporting landscape. 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, Chartered Accountant House, 13 September, 9.30- 12.30; €60 members; €75 non-members; 3 hours CPD points. Chartered Accountants Ireland, Advance your knowledge on the Corporate Sustainability Reporting Directive  Would you like to know more about the Corporate Sustainability Reporting Directive (CSRD)? Join Dee Moran, Professional Accountancy Lead, and Mike O’Halloran, Technical Manager, both from Chartered Accountants Ireland to understand more about the directive, the transposition into Irish law and what it might mean for your organisation. Virtual, 18 September, 10-11am, 1 hour CPD points Chartered Accountants Ireland, Advance your knowledge on the European Sustainability Reporting Standards  In the second of our series on EU sustainability reporting, join Mike O’Halloran, Chartered Accountants Ireland and guest to understand more about the requirements of the CSRD, the content and disclosures included in the first set of ESRSs and what undertakings should do to prepare for implementation. Virtual, 25 September, 10-11.30am, 1 hour CPD points EPA, Circular Economy Conference 2024 Online and in-person (Aviva Stadium, Dublin), 25 September Environment Ireland, Environment Conference In person, Croke Park, 17 October Chartered Accountants Ireland ESG Masterclass: Take your sustainability knowledge to the next level (ROI/NI) Masterclass designed for all professional accountants working in business or practice, wishing to consolidate their knowledge and understanding of the sustainability regulatory, reporting and assurance landscape. 24 October, 08:30 – 12.00, Virtual IAFA & IAASA  Integrating Sustainability Reporting and Assurance into Accounting Education Conference The conference is a collaboration between IAFA and the Irish Auditing and Accounting Supervisory Authority (IAASA) and aims to build awareness of the implications of sustainability reporting & assurance for accounting education, and to foster meaningful dialogue & collaboration among stakeholders to drive positive change. It will explore: Challenges and opportunities facing accounting education in the context of sustainability reporting and assurance, Corporate Sustainability Reporting Directive (CSRD) and its implications for accounting education, Future skills for sustainability reporting and assurance, Strategies for enhancing accounting education and student skills development. In person, 1st November, Maynooth University   Network for Chartered Accountants working on ESG projects Are you a Chartered Accountant working in ESG or working on ESG-related projects? Would you like an opportunity to engage with other Chartered Accountants working in this space to share insights, challenges and opportunities? Chartered Accountants Ireland now has a network to allow members working in sustainability/ESG to meet and discuss all matters of interest re ESG and accounting. Next meeting: Wednesday, 28 August, 14:00-15.30 Zoom If you would like to attend, please email sustainability@charteredaccountants.ie You can find information, guidance and supports to understand sustainability and meet the challenges it presents in our online Sustainability Centre.

The total yield from energy and vehicle taxes was €4.3 billion in 2023, representing 5 percent of overall tax receipts for 2023. This is according to the Energy and Vehicle Taxation Tax Strategy Group (TSG) paper, published this week by the Department of Finance, with the aim of informing budgetary policy. In the paper, the Department states that it does not recommend a Car Parking Levy at this time, identifying a number of non-tax measures which could be implemented instead to achieve the same objectives in a more efficient and/or equitable manner. Examples include congestion charges, road usage charges, Clean Area Zones and Low Emissions Zones, ‘Cashing out’, reallocation of road space, increased investment to enable sustainable mobility, remote working policies, and direct expenditure on alternative routes or modes of public transport. The paper also identifies fiscal measures which could potentially raise revenue for the Exchequer and encourage behavioural change linked with reducing road transport emissions. Proposals include: an extension of the VRT relief for battery electric vehicles a 1 percent VRT rate increase across bands 11-20 (which would only affect cars with above average emissions), and which is estimated to raise €26 million based on 2023 registrations increasing the VRT NOx surcharge by €5 per mg/km, which would raise €15.5 million; and certain changes to capital allowances thresholds.

Last week, a delegation from the Institute, under the auspices of the CCAB-I, met the Minister for Finance, Jack Chambers TD to discuss this year’s Pre-Budget 2025 submission. The Minister was joined by several key senior officials from his department who facilitated an engaging and thorough discussion on a number of our proposals. We raised our concerns over the increased cost of doing business for SMEs in particular, the potential to reduce Employers' PRSI and reducing the headline rate of CGT from 33 percent to 25 percent. We also raised concerns about capacity and adequate childcare, and how the lack of affordable childcare is impacting workers. In addition, we reiterated many of our recommendations for enhancing share-based remuneration, particularly for SMEs, including recommending a deferral of the upfront tax charge on unapproved share options and a safe harbour for valuations for private companies instituting share schemes. We discussed the impact of the new Enhanced Reporting Requirements on businesses and the ongoing question about the need for businesses to report in real-time or, or before in-scope payments are made to employees. The requirement to file on a real-time basis does not seem to add any integrity to the information reported to Revenue but has caused significant problems for affected businesses and workers. We also suggested that two-gift limit applying to the small benefit exemption should be removed with the only limit being by reference to the total value of non-cash benefits made in a year, i.e. a taxpayer should be entitled to receive any number of non-cash benefits up to €1,000 as long as those benefits are not part of a salary sacrifice arrangement. The Institute is grateful to Minister Chambers for taking time to meet with us and consider our proposals. We wish the Minister every success in his new role and look forward to continued engagement with him and his office.

  In this week’s Sustainability/ESG bulletin, read about a new Government report highlighting the barriers to climate action, the NTMA’s 2024 mid-year review with positive climate investment news, CSO figures showing increases in business energy use, and the launch of collaborations between IAFA & IAASA on sustainability reporting, assurance and education. Also covered are funding updates from Northern Ireland and Europe, and the usual awards, jobs, articles, resources and events.   Ireland news New Government report identifies the barriers to climate action A new report from the Department of the Environment, Climate and Communications highlights the barriers people experience in taking climate action, including the barriers faced by business and the support and guidance needed to take part in climate action. The report, 'Climate Conversations 2023 – From Individual Action to Collective Engagement', builds on the Environmental Protection Agency's ‘Climate Change in the Irish Mind’ study, and provides insights into the "attitude behaviour gap" that can help shape climate policy and public engagement that speaks to people directly. NTMA’s 2024 mid-year review The National Treasury Management Agency (NTMA) has published its 2024 mid-year business update. The update notes that investors have reacted favourably to the establishment of the two new savings funds, the Future Ireland Fund and the Infrastructure, Climate and Nature Fund. ISIF has further strengthened its programme of investments across its priority themes, and is ahead of schedule in its 5-year €1bn Climate Action programme, with over 77% of the total already committed after a little over three years. NewERA, meanwhile, has provided financial and commercial advice to Government Ministers and Departments, with a particular focus on climate and Ireland’s transition to a low-carbon economy. CSO figures show increase in business energy use The Central Statistics Office (CSO) recently published statistics on business energy use in 2022, which found that energy use by Irish resident enterprises increased by 22% in 2022. There was a 1.3% increase in energy use by the industry sector while it rose by 47% in the services sector. The cost of energy purchases by Irish resident enterprises increased by 83% from €8.8 billion in 2021 to €16.2 billion in 2022. Overall, the services sector accounted for 54% of business energy use in 2022. The total quantity of renewable energy purchased by enterprises in the industry and services sectors was 8% higher in 2022 compared with 2021. Irish Science Media Centre to tackle rising misinformation A new all-Ireland Science Media Centre (SMC) has opened on a pilot basis to combat misinformation in news media and foster a deeper public understanding of science. Its objectives include tackling misinformation, enhancing public understanding of science, championing higher standards in science reporting and communication, improving science literacy in news media and the wider public, and providing policymakers with evidence-based information on topical controversies through the news media. The pilot is part of the development of the global network of Science Media Centres. Earlier this year, the World Economic Forum warned that AI-driven misinformation is now world’s biggest short-term threat. IAFA & IAASA Collaborations The Irish Accounting and Finance Association (IAFA) and the Irish Auditing and Accounting Supervisory Authority (IAASA) are delighted to launch a research funding competition to support and advance research projects for IAFA members. Applications from researchers within all accounting and finance disciplines are welcome from now until 30 September. Projects that can demonstrate relevance to policymakers, standard setters, regulators, as well as the academic community, professional advisors and business owners are particularly welcome. Research projects with a specific focus on the following areas are encouraged (see call document for specific topics): Sustainability in Accounting Education, Sustainability Reporting, Sustainability Assurance, Audit Quality. UK/Northern Ireland news Proposed changes may ban zero-hour contracts Economy Minister Conor Murphy has proposed changes to employment law in Northern Ireland that could ban zero-hour contracts. The consultation aims to introduce new legislation next year, potentially replacing zero-hour contracts with a "banded hours" system, ensuring workers are guaranteed an average number of hours annually. Another proposal includes granting workers the right to one week of unpaid carers leave every 12 months, aligning Northern Ireland with the rest of the UK. The consultation will run until the end of September with the responses informing the draft legislation. Funding for investment in sustainable technologies – manufacturing sector Funding has been made available to businesses developing sustainable technology solutions for the manufacturing sector. The funding is available under The Investment Readiness Programme, part of the Made Smarter Innovation Sustainability Accelerator. Eligible businesses must be registered and active in the UK, and looking to raise investment and grow their business in the next six to12 months. Where next for SMEs and Net Zero? The UK Energy Research centre ran a webinar ‘Where Next for SMEs and Net Zero?’ on Tuesday 18 June 2024. The recording is now available on the UKERC website, where you can also download presentations and see related reports from UKERC's ‘SME Governance for Net Zero’ research project.  Europe News Denmark is reportedly set to introduce the world’s first carbon tax on agriculture after a an agreement between the Danish government, farmers, the food industry, and environmental groups. The law is expected to be approved by the Danish parliament later this year, with farmers reportedly to be charged “almost €100 a year” per cow once the levy rolls out in 2030. A new strategic foresight report, published by the European Environment Agency, calls for the need to further align European economic, social and security policies with the climate and environmental objectives. The ‘Europe’s Sustainability Transitions Outlook’ report highlights the need to take a broader view on such priorities as security, competitiveness or fairness, recognising that Europe’s socio-economic systems and wellbeing of its citizens depend crucially on a healthy and resilient natural environment, a stable climate and long-term sustainable use of resources.  World news The UN Global Compact is launching a global community for SPARK designed for small and medium-sized enterprises (SMEs) participating in the UN Global Compact. The Compact is the world’s largest voluntary corporate sustainability initiative. The aim of SPARK is to facilitate the exchange of best practices with some of the most innovative and influential SMEs around the world, to build knowledge, and form partnerships to accelerate progress toward the Sustainable Development Goals (SDGs).   Worth your time ‘Temperature Check’ a monthly climate newsletter issued by The Journal, has clear, easy-to-read coverage of climate policy and news from around the world. (Find it here) Articles Market forces are not enough to halt climate change (Irish Times) Wildfires ravaging Arctic Circle - EU monitor (BBC) Renewable energy accounted for 44.7% of all electricity production in the EU last year, making it the leading source of electricity in the bloc. (Euronews) Temperatures exceeding 30 degrees likely to become more common in Ireland – study (Irish Times) Sharp rise in number of climate lawsuits against companies, report says (The Guardian) Navigating exams with neurodiversity – Antje Derks from Chartered Accountants Worldwide explores strategies for success and self-advocacy (The Bottom Line – Accountancy Ireland) Podcast There are more than 800 startups promising to draw carbon dioxide from the air to help the world meet its climate goals. But there may not be enough buyers willing to pay for that service. Listen to more on Zero: The Climate Race (from Bloomberg) Resource: Business guides to communicate sustainability efforts The UN Global Compact Network United Kingdom has launched a series to help businesses overcome difficulties they may be experiencing in communicating their sustainability efforts. SDG Storytelling for Sustainability  guides companies on using the SDGs as a framework to communicate ESG strategies, and educate internal stakeholders on the importance of sustainability integration. Jobs A financial/reporting accountant is sought for an 'Energy/Sustainability/Renewables' role in Dublin 2 - NQ ACA. Find out more here. Upcoming Events The Law Society of Ireland 2024 Environmental, Social and Governance (ESG) Massive Open Online Course (MOOC) Delivered over 5 weeks, the Law Society’s 2024 MOOC on ESG is now available online and on demand. The MOOC is free and open to all, and Institute Professional Accounting Lead, Dee Moran, is speaking on the topic of the sustainable reporting landscape. Carbon Brief What are the key climate priorities for the new UK government? Following the UK general election, Carbon Brief is hosting a free webinar next week to discuss the key climate issues facing the new government. No formal presentations – just an informed discussion with three expert panellists who will also be answering your own questions. Panellists: Chris Stark, CEO of the Carbon Trust and former chief executive of the Climate Change Committee Emma Pinchbeck, chief executive, Energy UK Camilla Born MBE, independent climate advisor and former UK senior official at COP26 Webinar, Tuesday, 9 July, 10-11am (BST) International Sustainable Finance Centre of Excellence (ISFCOE), The Evolving Landscape of Sustainable Finance in Ireland: Legal, Regulatory and Market Insights IFSCOE has announced it is to launch two Skillnet Ireland-funded reports: a Legal & Regulatory Study prepared by Matheson, and the Market Report prepared by KPMG. This event is a culmination of extensive research and analysis on the evolving landscape of market regulations and sustainability practices, and it promises to offer invaluable insights. In person, 10 July 2024, Time: 9AM – 10.30AM, Venue: Euronext Dublin Chartered Accountants Ireland, Chartered Accountants Ireland Leinster Society 47th Published Accounts Awards, closing date for entries is next week. Includes two sustainability categories: Sustainability and ESG Reporting Award – Listed entities Sustainability and ESG Reporting Award – Unlisted entities Sustainable Energy Authority of Ireland (SEAI) SME Business Briefing Join SEAI for a webinar to learn how your business can save money and energy this year. A full agenda will be issued shortly.  Virtual, Tuesday, July 23, 2024 10:00 AM - 11:00 AM 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, Chartered Accountant House, 13 September, 9.30- 12.30; €60 members; €75 non-members; 3 hours CPD points. EPA, Circular Economy Conference 2024 Online and in-person (Aviva Stadium, Dublin), 25 September Environment Ireland, Environment Conference In person, Croke Park, 17 October IAFA & IAASA  Integrating Sustainability Reporting and Assurance into Accounting Education Conference The conference is a collaboration between IAFA and the Irish Auditing and Accounting Supervisory Authority (IAASA) and aims to build awareness of the implications of sustainability reporting & assurance for accounting education, and to foster meaningful dialogue & collaboration among stakeholders to drive positive change. It will explore: Challenges and opportunities facing accounting education in the context of sustainability reporting and assurance, Corporate Sustainability Reporting Directive (CSRD) and its implications for accounting education, Future skills for sustainability reporting and assurance, Strategies for enhancing accounting education and student skills development. In person, 1st November, Maynooth University Network for Chartered Accountants working on ESG projects Are you a Chartered Accountant working in ESG or working on ESG-related projects? Would you like an opportunity to engage with other Chartered Accountants working in this space to share insights, challenges and opportunities? Chartered Accountants Ireland now has a network to allow members working in sustainability/ESG to meet and discuss all matters of interest re ESG and accounting. Next meeting: Wednesday, 25 July, 14:00-15.30 Zoom If you would like to attend, please email sustainability@charteredaccountants.ie     You can find information, guidance and supports to understand sustainability and meet the challenges it presents in our online Sustainability Centre.