What is an ethical supply chain? An ethical supply chain is a supply chain designed with ethical considerations in mind, based on environmental, social, and governance criteria, catering to a wider group of stakeholders.   In an ethical supply chain the flow of goods and services is meant to impact positively people

The 9th annual Sustainability Summit by Economist Impact took place earlier this week. The 3-day event moderated by Vijay Vaitheeswaran, the Economist’s global energy and climate innovation editor, incorporated for the first time the Energy Transmission Summit and gathered professionals across many industries to network and to discuss topic such

We at ESG Bay had a pleasure to take part in the inaugural event of Web Summit Qatar in Doha, which marked a historic milestone with thousands in attendance, setting the stage for an exciting annual tradition. Recognised as the largest gathering of international start-ups in the Middle East, the

Later this February 2024, for the first time, thousands of international entrepreneurs, investors and leaders will gather at the Doha Exhibition and Convention Center (DECC) to connect the tech world at our brand new event: Web Summit Qatar.  Web Summit Qatar joins the roster of international events organised by Web

At the annual meeting of the World Economic Forum in Davos between 15-19 January with 60 heads of states attending UN Secretary-General António Guterres warned that geopolitical divisions threaten the global response to climate change.  With upcoming elections in 2024 adding to tensions, it poses risks to security, economy, and

ESG regulations have recorded a sharp increase over the past decade, and this trend is only expected to continue. Navigating the complex landscape of existing and forthcoming regulations can be daunting, particularly given the array of acronyms such as SFDR, CSRD, NFRD, and others.   Here are some key ESG regulations

Businesses are facing growing demands from investors to disclose information on climate risks, opportunities, workforce planning, and labour practices. Increasing regulations such as UK’s Human Rights and Environment) Bill (UK) or EU’s Corporate Sustainability Due Diligence Directive (CSDDD), required companies to proactively assess actual and potential impacts of their operations on

Yet another step towards standardising sustainability reporting had been taken — from 1st January 2024 IFRS S1 and IFRS 2 standards are available for annual reporting.   Background  As awareness of sustainability challenges, particularly climate change, has grown amongst the international community, there has been an increasing recognition of the need

The first Global Stocktake   COP28 in UAE welcomed world leaders from almost 200 nations. It concluded the Global Stocktake and confirmed the actions of each country to tackle climate change.  The consensus includes:   Additionally, a total of 85 billion USD was pledged by world’s governments to support the delivery of

The Modern Slavery Act (MSA) is a UK law enacted in 2015 to focus on preventing acts of modern slavery in supply chains, such us human trafficking, child labour, and debt bondage.   The International Labour Organisation (ILO) estimates that over 21 million people world-wide suffer from some degree of