How is sustainability defined?
And other frequently asked questions
Our view of sustainability dates back to 1983.
The World Commission on Environment and Development studied the connection between ecological health, economic development, and social equity.
Their report, “Our Common Future” defined sustainable development as “meeting the needs of the present without compromising the ability of future generations to meet their own needs”.
We believe sustainability is a balanced approach across three interconnected dimensions – economic growth, environmental protection, and social equity.
Your frequently asked questions.
What would you add to this list?
Let us know!
how is ESG different than CSR?
What is ESG?
what is CSRD, ESRS, GRI, SASB, ISSB?
what is materiality, and double materiality?
is ESG bad for a company's profitability?
What is Net Zero?
Why 1.5C?
ESG stands for environment, society, and governance and provides a framework that guide a company's operations and measure performance across these dimensions.
"E" considers the impact of an organization's activity on the planet, including pollution, resource management, and waste reduction
"S" considers an organization's impact on people, including a company's relationships with its employees, suppliers, customers, and communities. This encompasses dimensions of diversity, equity and inclusion, as well as human rights and labor practices.
"G" encompass a company's board structure and shareholder rights, executive pay, audit processes and internal controls, and transparency and ethical conduct.
ESG stands for environment, society, and governance and provides a framework that guide a company's operations and measure performance across these dimensions.
The Environmental pillar considers the impact of an organization's economic activity on the planet, including pollution, resource management, and waste reduction
The Social pillar considers an organization's impact on people, including how a company manages its relationships with its employees, suppliers, customers, and the communities where it operates. This encompasses dimensions of diversity, equity and inclusion, as well as human rights and labor practices.
The Governance pillar encompass a company's board structure and shareholder rights, executive pay, audit processes and internal controls, and transparency and ethical conduct.
What is ESG?
CSR is a voluntary commitment to operating ethically and responsibly, with consideration of business impact on society, the environment, and stakeholders. CSR is driven by corporate values and internal motivations, and are often accompanied by qualitative measures.
ESG, can be seen as a natural evolution of CSR, incorporating quantifiable measures. Investors are increasingly using data-driven, standardized ESG frameworks for evaluating company performance.
How is ESG different from Corporate Social Responsibility (CSR)?
Companies subject to the CSRD must follow the European Sustainability Reporting Standards (ESRS), specifying the information an organization must disclose about its material impacts, risks, and opportunities related to sustainability.
Companies subject to the CSRD must follow the European Sustainability Reporting Standards (ESRS), specifying the information an organization must disclose about its material impacts, risks, and opportunities related to sustainability.
CSRD, ESRS, GRI, SASB, ISSB, oh my!
CSRD, ESRS, GRI, SASB, ISSB, oh my!
GRI stands for Global Reporting Initiative, an international organization that publishes global sustainability reporting standards, which just so happen to be the world’s most widely-used sustainability reporting standards.
Sustainability Accounting Standards Board (SASB) is a non-profit organization that developed a set of industry-based sustainability accounting standards that help companies disclose information that is financially material to investors, such as sustainability risks and opportunities that could impact a company's cash flows, access to finance, or cost of capital.
In August 2022, the International Sustainability Standards Board (ISSB) of the IFRS Foundation took over responsibility for the SASB Standards.
What is materiality, and is double materiality, double the trouble?
Materiality is an accounting concept that considers whether information is relevant to readers -- ie: information is material if its omission would impact a reasonable user’s decision-making, and conversely if the information is insignificant, it is immaterial. Materiality is relative to the company's size and context.
Double materiality considers both the financial and non-financial impacts of a company's activities. In the context of sustainability, double materiality signifies a shift in focus from solely considering financial performance to recognizing the significance of broader societal and environmental impacts of a company’s operations.
is ESG bad for a Company's Profitability?
No. Prioritizing ESG is not an obstacle to profitability, rather ESG is a strategic opportunity to build a more sustainable business that can can lead to cost reductions, enhanced investor relations, and a higher valuation.
By proactively managing ESG risks and embracing ESG best practices, companies can create value for all stakeholders, including shareholders, customers, employees, and the environment.
what is net zero?
Net zero means cutting carbon emissions to a point that residual emissions that can be absorbed and durably stored by nature and other carbon dioxide removal measures, leaving zero in the atmosphere.
Wait, is that even possible?!
Transitioning to a net-zero world is one of the greatest challenges humankind has faced requiring a complete transformation of how we produce, consume, and move about. And yet, a growing coalition of countries (107 as of December 2024), businesses (more than 9000!), cities (over 1000!) educational institutions (over 1000!) and financial institutions (over 600!) have pledged to take rigorous, immediate action to halve global emissions by 2030.
Why 1.5°C?
To avert the worst impacts of climate change and preserve a livable planet, global temperature increase needs to be limited to 1.5°C above pre-industrial levels.
Currently, the Earth is already about 1.2°C warmer than it was in the late 1800s, and emissions continue to rise.
To keep global warming to no more than 1.5°C -- emissions need to be reduced by 45% by 2030 and reach net zero by 2050.
How can Rabbitfish & Co help me?
Imagine focusing on opportunity management instead of risk management with cutting edge sustainability strategies – so you can anchor your attention on –
Confidently achieving your business goals
Creating long-term value for your stakeholders
Boosting business growth and job creation
Reducing costs and streamlining operations
Increasing employee retention and productivity
Driving innovations that help eradicate poverty
Strengthening environmental resilience and protecting biodiversity
Sustaining impact for generations to come
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