The European Union's (EU) regulatory landscape is undergoing a seismic shift, with sustainability and climate action taking centre stage. The Corporate Sustainability Reporting Directive (CSRD), set to impact nearly 50,000 companies, represents a landmark moment in this transformation. At its core lies carbon accounting, a practice that transcends mere compliance and emerges as a strategic imperative for businesses striving for a sustainable future.

The fashion industry is at a critical juncture. It grapples with a massive environmental footprint, generating 92 million tons of textile waste annually, according to the Ellen MacArthur Foundation. But what if this waste wasn't a burden? What if it could be transformed into a catalyst for innovation, a driver of brand reputation, and a source of new revenue streams?

The landscape of private equity is undergoing a transformation. The urgency to address climate change and foster sustainable practices is reshaping investment strategies. Environmental, Social, and Governance (ESG) factors are no longer peripheral considerations. They are central to long-term value creation and risk mitigation. At the heart of this ESG revolution lies carbon accounting—the meticulous measurement, management, and reduction of carbon emissions.

In a world grappling with the urgent climate crisis, data has emerged as a critical tool in the fight against carbon emissions. As highlighted in the World Economic Forum's "The Environmental Impact of Industries: A Data-Driven Approach to Decarbonization," data plays a crucial role in understanding and reducing the carbon footprint across various sectors.

The modern business world demands more than just a healthy bottom line. Today, companies are increasingly judged on their Environmental (E), Social (S), and Governance (G) performance – the core principles of the 'ESG company'. ESG reporting is your chance to showcase your commitment to these values, and it comes with some serious benefits.

Q2 2024 was another quarter of exceptional growth for HERMESNET, marked by significant expansion in our customer base and the continued evolution of our AI-powered platform.

Carbon accounting is the process of measuring a company’s greenhouse gas (GHG) emissions, which are released from its activities and operations. These emissions, including carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O), are the main contributors to climate change.

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