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CSR news of 4/5/2024

CSR this week: Call for the simplification of ESG standards, gaps in CSR knowledge, launch of the Impact40 Index, Ecoanalysis for clothing, and French biodiversity fund.

Pierre Poirmeur

Co-founder and CEO of Beaver

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1. Call for the Simplification of ESG Standards

Carol Sirou, director at EthiFinance, criticizes the complexity of European ESG regulations and calls for simplification in order to strengthen the effectiveness of CSR approaches without overburdening companies.

Source: Les Echos — “ESG criteria: a necessary simplification shock”

2. CSR Knowledge Gaps among Employees

An Ifop survey reveals that 38% of private sector employees have never heard of CSR, highlighting the crucial need for education and communication on CSR initiatives within companies.

Source: Carenews — “When it comes to CSR, employees who are still too uninformed”

3. Impact40: The CAC40 of CSR Companies

The Impact France Movement is launching the Impact40 Index, which assesses companies on the basis of their social and environmental responsibility rather than their financial performance, thus promoting a business model oriented towards sustainability.

Source: Novethic — “Impact40, the CAC40 of ecological and social transition companies unveiled”

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4. Eco-score for Garments with “Ecoanalysis”

The French government announces the implementation of Ecoanalysis, an environmental score for clothing that will take into account the environmental cost throughout their life cycle, with an obligation to be displayed by 2025.

Source: Le Monde — “Calculating the environmental impact of clothing, a new government emergency”

5. French Biodiversity Investment Fund

Ten French institutional investors join forces to launch a fund dedicated to biodiversity, aimed at financing companies and projects that contribute to the conservation and restoration of biodiversity.

Source: RSE Magazine — “French institutional investors are committed to biodiversity”

6. ChangeNOW 2024: Sustainable Innovation Summit

The ChangeNow exhibition brings together thousands of actors in the ecological and social transition in Paris, offering a platform for sharing sustainable solutions and discussing global ecological and social challenges.

Source: ActuEnvironnement — “ChangeNow 2024: enter a sustainable and more human world”

7. Start-up of the Year for Biomimetic Light Technology

Libu, recognized for its innovation in biomimetic lighting, wins the Tech For Future award, highlighting a technology that improves the health of employees by reproducing natural light.

Source: La Tribune - “Tech for Future: The Tribune reveals the 10 startups of the year 2024"

8. Commitment of Businesses to Reduce Water Consumption

55 French companies are committed to reducing their water consumption by 10% by 2030, in a plan supported by the government but without direct public aid, underlining their role in the preservation of water resources.

Source: Carenews — “55 industrial sites are committed to reducing their water consumption by 2030"

9. Governmental Initiative to Greening the Public Service

The French government is unveiling a plan to reduce the ecological footprint of the public service, including measures such as limiting travel and promoting vegetarian food among civil servants.

Source: Reporterre — “Vegetarian menu, train... The State Wants to Green the Public Service”

10. Debate on the Ban of PFAS in France

A bill to ban PFAS, also known as eternal pollutants, is a heated debate, revealing the tension between economic and environmental imperatives in government and industry.

Source: L'info Durable — “Eternal pollutants: PFAS in the sights of MPs”

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