Introduction

ESG Sub-Committee

The CIF ESG Sub-Committee aims to advance ESG practices in the industry and bolster its reputation through positive narratives. Its mandate involves addressing policy matters in sustainability, advising on ESG pillars including embodied carbon, managing relations with relevant bodies, implementing approved policies, and providing leadership for waste management initiatives.

What is ESG?

ESG is the flow of non-financial information that principally aids decision-making. While financial data has been gathered and disclosed in annual accounts for over a century, there hasn’t been a universally accepted method for collecting and presenting non-financial data such as carbon emissions, diversity, biodiversity loss, worker-related rights and so forth. Numerous voluntary reporting initiatives have emerged in recent years, resulting in considerable administrative burdens for certain companies. However, with the implementation of the EU’s Corporate Sustainability Reporting Directive (CSRD), sustainability reporting will be placed on an equal footing with financial reporting, leading to the streamlining and standardisation of reporting processes, thereby mitigating the risks associated with greenwashing.

Equality, diversity and inclusion (EDI) statement:

The CIF’s ESG committee is committed to encouraging equality, diversity and inclusion among its membership and in the implementation of its mandate.