Making Europe Climate-Neutral by 2050
The European Union (E.U.) is undertaking initiatives to achieve its goal of becoming climate-neutral by 2050. This article offers a brief look at three key efforts:
- The European Green Deal
- The E.U. Taxonomy
- The Sustainable Finance Package
The European Green Deal
In 2019, the E.U. published the European Green Deal (the “Green Deal”), with the central objective of having the E.U. become the first climate-neutral continent by 2050.
The Green Deal’s goals extend across various sectors and its aim is to improve the overall quality of life for E.U. citizens, both present and future. Key actions are being taken across the following areas:
- Climate – a key milestone in meeting the objectives of the Green Deal is the European Commission’s target of a 55% reduction of greenhouse gas emissions by 2030 (compared to 1990 emission levels).
- Energy – ensuring a secure, affordable and efficient energy supply to E.U. citizens, with greater reliance on renewable sources.
- Agriculture – reducing the environmental impact of the E.U. food system and implementing a farm-to-fork strategy, which aims to make food systems fair, healthy and environmentally friendly.
- Industry – harnessing the potential in global markets for low-emission technologies as well as sustainable products and services throughout the E.U.
- Environment & Oceans – moving toward a more circular economy, which designs the cycles of production and consumption in a way that reduces the depletion of natural resources, tackles the amount of waste and pollution, and protects biodiversity and ecosystems.
- Transport – overhauling the current arrangements around public transport to achieve a 90% reduction in transport-related greenhouse gas emissions by 2050.
- Finance & Regional Development – ensuring a significant increase of financing to more sustainable investment and putting policies in place to encourage countries to implement greener investment strategies.
- Research & Innovation – the launch of Horizon Europe, the E.U.’s key funding programme for initiatives which tackle global challenges.
The E.U. Taxonomy
The E.U. Taxonomy (the “Taxonomy”) will play an important role in reaching the European Commission’s 2030 target of reducing greenhouse emissions by 55%. The Taxonomy is a comprehensive, science-based classification system, establishing a list of environmentally sustainable economic activities. The aim of the Taxonomy is to help investors make more sustainable choices – ensuring investments are funnelled to where they are needed most, creating security for investors and reducing greenwashing.
The Taxonomy Regulation came into force on 12 July 2020, and establishes six environmental objectives against which investment can be measured:
- Climate change mitigation;
- Climate change adaptation;
- The sustainable use and protection of water and marine resources;
- The transition to a circular economy;
- Pollution prevention and control; and
- The protection and restoration of biodiversity and ecosystems.
Regulatory requirements on the climate change mitigation and climate change adaptation objectives above came into effect on 1 January 2022. The requirements for the remaining four objectives will come into effect on 1 January 2023.
The Sustainable Finance Package
On 21 April 2021, the European Commission published its Sustainable Finance Package containing three important sustainable finance legislative developments:
- The E.U. Taxonomy Climate Delegated Act (the “First Delegated Act”), formally adopted on 4 June 2021, aims to support sustainable investment by providing clarity on which economic activities most contribute to meeting the E.U.’s environmental objectives. A second Delegated Act will be published this year and will outline the European Commission’s remaining objectives.
- The proposal for a new Corporate Sustainability Reporting Directive (CSRD) amends the existing reporting requirements of the Non-Financial Reporting Directive, which lays down the rules on disclosure of non-financial information by certain large companies; and
- Six Amending Delegated Acts on fiduciary duties, investment and insurance advice will ensure that financial firms include sustainability in their procedures and their investment advice to clients.
Commentary
The European Green Deal was entered to make Europe a net-zero emitter of greenhouse gases by 2050 and hopes to demonstrate that economies can develop without increasing resource usage, even after the effects of the COVID-19 pandemic.
The E.U. Taxonomy is ambitious and considered the most comprehensive and sophisticated initiative of its type. The U.K. is currently working on its own, separate taxonomy.
With the disclosure regime as part of the Sustainable Finance Package now in effect, there will be a significant learning curve as investors move to meet the criteria set out and transition to financing greener projects.
How EisnerAmper Ireland can help
Our multidisciplinary team is on hand to help you chart your ESG journey. We help organisations navigate the ESG landscape and understand the applicable legislation and frameworks.
Contact us
Authors
Carina Myles
Partner Governance, Risk & Compliance
Carmanhall Road
Sandyford
Dublin, D18 CA22
Ireland
This article, Making Europe Climate-Neutral by 2050 first appeared on eisneramper.com.
EisnerAmper completes LauraLynn’s 280,000 steps in February Challenge
EisnerAmper Ireland was delighted to support, and partake in, LauraLynn’s 280,000 Steps in February challenge for a second year running.
The charity initiative ran from the 1st to the 28th of February and members of EisnerAmper’s team were set the challenge of completing 280,000 steps over the 28 days while raising funds for LauraLynn through our firm’s JustGiving page. We’re delighted that so many of our team surpassed their targets of 280,000 steps and collectively raised over €1,200.
EisnerAmper was delighted to announce that we are partnering with LauraLynn Children’s Hospice as a Corporate Partner for the third year running, helping LauraLynn to support children with life-limiting conditions and their families to live as fulfilling lives as possible.
LauraLynn Children’s Hospice mission is to provide a Community of Care that delivers evidence-based, personalised services to children with palliative care needs, complex care needs and complex disabilities, while also providing family support services and a home to their residents where quality-of-life is paramount.
To learn more about LauraLynn or to make a donation to our firm JustGiving page, please click here.
At EisnerAmper Ireland, we care about business and we care about the people we work with in business.
Corporate Social Responsibility (CSR) is integral to how we do business and manage interactions, not just with our employees and clients but also our wider community and society as a whole. As a professional services firm, demonstrating ethical high performance in all aspects of our work and how we run our Firm is fundamental to our success. Learn more about our CSR policy here and our CSR initiatives here.
Contact Us
Latest News →EisnerAmper Welcomes Team Back To The Office
EisnerAmper Ireland was delighted to welcome our team back to the office this week on a hybrid basis.
At EisnerAmper Ireland, our goal is to have a happy, healthy and productive team. Our people are critical to our success and we strive to nurture and leverage the talent and unique ability of each individual member of our team. This is reflected in our strong emphasis on employee health and well-being and through our smart and flexible hybrid work model, allowing for optimal work life balance. We were delighted to welcome staff back with balloon arrangements and cupcakes by The Cupcake Store.
Our focus is on sustaining successful firm collegiately in terms of working together in the office and remotely.
We use our workplace to collaborate with colleagues, enhance our relationships, expand our professional networks, and meet our clients’ needs.
Our employees currently have the flexibility to work two days each week in our office and three days remotely. Our office has always been accessible as a resource for our colleagues, clients and wellbeing purposes five days a week.
At EisnerAmper Ireland, we care about business and we care about the people we work with in business.
Contact Us
Latest News →New Appointments at EisnerAmper Ireland
EisnerAmper Ireland is delighted to announce the expansion of our leadership team with the appointments of Paul Cahill as Partner in our Audit department and David Carroll as Associate Partner in our Audit and Governance, Risk & Compliance departments.
These appointments represent a further strengthening of our specialist audit, accounting, tax and risk & regulatory teams advising the Financial Services, International Business and Government sectors.
Paul Cahill, Partner – Audit
As Partner, Paul provides Audit services to a wide variety of clients from leading Irish corporates to international companies doing business in and through Ireland. Paul has extensive experience leading engagements for clients reporting under Irish GAAP and IFRS across a range of sectors including Information Technology, Energy, Aircraft Leasing, Structured Finance, Medtech and Healthcare.
As the Firm’s Head of Audit Quality, Paul is also responsible for embedding audit quality across the Firm; maintaining a centre of excellence for audit and financial reporting technical knowledge; and developing and rolling out learning and development initiatives.
Prior to joining EisnerAmper, Paul worked for 11 years with Chartered Accountants Ireland holding both regulatory and technical roles. As an inspector with the Professional Standards Department (previously the Chartered Accountants Regulatory Board), Paul was responsible for assessing the quality of audit work of member firms, which included leading teams of inspectors on monitoring visits. In his role as Representation & Technical Manager, Paul liaised with, and supported, technical committees across multiple disciplines, including audit, accounting, AML and GDPR, and provided technical support to members.
Prior to working with Chartered Accountants Ireland and post qualifying, Paul worked with a Big 4 firm and with a global technology business.
David Carroll, Associate Partner – Audit and Governance, Risk & Compliance
As Associate Partner, David provides Audit and Internal Audit services to the Firm’s Financial Services clients.
David has extensive experience leading engagements for a range of clients reporting under Irish GAAP, IFRS and US GAAP including aviation and aircraft leasing entities, securitisation vehicles (special purpose vehicles, Section 110 companies), listed financial services entities and funds.
David also leads Internal Audit engagements for our regulated clients including MiFID Investment Firms, Alternative Investment Fund Managers (“AIFMs”) and Management Companies.
David currently sits on the Audit Committee of the Irish Debt Securities Association (IDSA) and the Audit Practices Sub-Committee of the Institute of Certified Public Accountants in Ireland (ICPAI).
Prior to joining EisnerAmper, David worked with one of the world’s largest providers of fund administration services.
Specialist services delivered by a market leading team
Paul and David’s appointments reflect our commitment to delivering market leading sustainable services and solutions through a combination of our specialist expertise, robust methodologies, innovative use of technology and global connectivity.
If you have any queries or if we can assist you in any way, please do not hesitate to contact Paul or David.
Contact Paul Cahill
Contact David Carroll
Latest News →EisnerAmper joins LauraLynn for 280,000 Steps in February Challenge
EisnerAmper Ireland is delighted to announce that we are partnering with LauraLynn Children’s Hospice as a Corporate Partner for the third year running, helping LauraLynn to support children with life-limiting conditions and their families to live as fulfilling lives as possible.
EisnerAmper first partnered with LauraLynn Children’s Hospice in 2020, helping them to fundraise and support children and families from all 26 counties with the aim of enhancing the quality of life for families in their care.
EisnerAmper is delighted to be participating in LauraLynn’s first fundraiser of the year – 280,000 Steps in February challenge. The charity initiative is running from the 1st to the 28th of February and our team members are being set the task of completing 280,000 steps over the 28 days and raising money for the charity through our group JustGiving page. Staff members can walk, run or jog for this challenge individually or with a team from our office.
To learn more about LauraLynn or to make a donation to our February challenge fundraising page, please click here.
At EisnerAmper Ireland, we care about business and we care about the people we work with in business.
Corporate Social Responsibility (CSR) is integral to how we do business and manage interactions, not just with our employees and clients but also our wider community and society as a whole. As a professional services firm, demonstrating ethical high performance in all aspects of our work and how we run our Firm is fundamental to our success. Learn more about our CSR policy here and our CSR initiatives here.
Contact Us
Latest News →EisnerAmper partakes in the ‘Dip in for LauraLynn’ Challenge
EisnerAmper Ireland was delighted to partake in the ‘Dip in for LauraLynn’ challenge this morning at the Forty Foot in Dun Laoghaire.
Members of our team were delighted to take on the icy challenge to help LauraLynn raise funds to provide vital care to young children. We were delighted to partner with LauraLynn Children’s Hospice as a Corporate Partner for the second year running this year, helping them to support children with life-limiting conditions and their families to live as fulfilling lives as possible.
EisnerAmper first partnered with LauraLynn Children’s Hospice in 2020, helping them to fundraise and support children and families from all 26 counties with the aim of enhancing the quality of life for families in their care. Our various fundraising initiatives this year, including running and walking challenges, brought our Firm together to improve our health and wellbeing while raising funds for a very worthy cause.
To learn more about LauraLynn or to make a donation, please click here.
At EisnerAmper Ireland, we care about business and we care about the people we work with in business.
Corporate Social Responsibility (CSR) is integral to how we do business and manage interactions, not just with our employees and clients but also our wider community and society as a whole. As a professional services firm, demonstrating ethical high performance in all aspects of our work and how we run our Firm is fundamental to our success. Learn more about our CSR policy here and our CSR initiatives here.
Contact Us
Latest News →EisnerAmper hosts Virtual Christmas Party and ‘Doing Great Work Awards’ for 2021
On Friday 17 December, EisnerAmper Ireland hosted its annual Christmas Party and fifth annual employee awards. This year was again slightly different to normal with the Christmas party being held virtually on Zoom.
All staff were invited to wear a Christmas jumper to their home office on Friday for the party and the agenda for the evening included Christmas themed Musical Bingo. The Musical Bingo was hosted by Bingo with a Pep for all staff and their family members to enjoy.
A mixture of classic Christmas songs and songs from the 80’s through to present day hits were played by our host Keith Peppard and all staff were given bingo cards filled with the names of different songs from Keith’s playlists. While everyone danced and sang along, Keith played through his playlists and songs were marked off cards. Prizes were awarded for the first 4 corners, first line and full house along with three prizes for the best Christmas outfits.
The awards were presented to EisnerAmper Ireland’s staff members who have demonstrated how they “love doing great work” in 2021. The winners were awarded with a crystal plaque to celebrate their achievements by Brian Hillery, Advisory Partner, Liz Cahill, Tax Partner, Cian Collins, Audit and Governance, Risk & Compliance Associate Partner, and Laura Cowman, Senior HR Manager. The four areas that staff were asked to vote in were Quality & 5 DNA’s , People, Operational Excellence and Design Thinking & Growth, bringing to life the elements of our Firm’s Art of Practice. The winners for 2021 were:
- Quality & 5 DNA’s Award
- People Award
- Operational Excellence Award
- Design Thinking & Growth Award
We care about business and we care about the people we work with in business.
Corporate Social Responsibility (CSR) is integral to how we do business and manage interactions, not just with our employees and clients but also our wider community and society as a whole. As a professional services firm, demonstrating ethical high performance in all aspects of our work and how we run our Firm is fundamental to our success. Learn more about our CSR policy here and our CSR initiatives here.
Contact Us
Latest News →EisnerAmper partakes in Ray D’Arcy’s LauraLynn Half Marathon & 5K Challenge
EisnerAmper Ireland is delighted to have completed Ray D’Arcy’s LauraLynn Half Marathon & 5K charity challenge.
The charity initiative was held last weekend and a number of our team took on the challenge of completing either a 5k or a half marathon in the Phoenix Park. The charity initiative is the first physical event LauraLynn has been able to host in over two years. We would like to thank our employees for their dedication in completing the run and for helping to raise funds for such a worthy cause.
EisnerAmper Ireland has partnered with LauraLynn Children’s Hospice for a second year running, helping them to support children with life-limiting conditions to live as fulfilling lives as possible and receive the very best care at the end of life. LauraLynn is Ireland’s only Children’s Hospice providing palliative care and support for children with life-limiting conditions and their families.
At EisnerAmper Ireland, we care about business and we care about the people we work with in business.
Corporate Social Responsibility (CSR) is integral to how we do business and manage interactions, not just with our employees and clients but also our wider community and society as a whole. As a professional services firm, demonstrating ethical high performance in all aspects of our work and how we run our Firm is fundamental to our success. Learn more about our CSR policy here and our CSR initiatives here.
Contact Us
Latest News →EisnerAmper wins at the Sandyford Business District Awards 2021
EisnerAmper Ireland is delighted to announce our win at the Sandyford Business District – Business Impact Awards 2021.
EisnerAmper Ireland was nominated for, and won, the Health and Wellbeing in the Workplace Award. This award recognises the policies and programmes which have been implemented by EisnerAmper to support our colleagues during a period of unprecedented change.
We were delighted to be nominated and to win such an important award as we pride ourselves on our happy, healthy and productive work environment. The Firm’s wellbeing initiatives endeavour to foster a culture where we can focus on optimising individual and team performance while offering the tools, resources and guidance to support our team on their journey.
The Business Impact Awards are designed to celebrate businesses and individuals who excelled in response to Covid-19 last year and continue to do so. The awards recognise both the efforts undertaken by companies and individuals to adjust and keep operating under pandemic conditions as well as those who have continued to advance their offerings for both staff and clients.
At EisnerAmper Ireland, we design and deliver sustainable solutions to support our community.
Corporate Social Responsibility (CSR) is integral to how we do business and manage interactions, not just with our employees and clients but also our wider community and society as a whole. As a professional services firm, demonstrating ethical high performance in all aspects of our work and how we run our firm is fundamental to our success. Learn more about our CSR policy here and our CSR initiatives here.
Contact Us
Latest News →
Team EisnerAmper supports Run in the Dark 2021
On 17 November 2021, EisnerAmper Ireland staff members joined thousands of runners to partake in the virtual Run in the Dark which supports ongoing research to find a cure for paralysis.
This is the fifth consecutive year ‘Team EisnerAmper’ has participated in Run in the Dark. This year’s event was held in a virtual setting similar to last year. Following the impact of Covid-19, Run in the Dark created an app to allow participants to run safely within their own area, but to still virtually join thousands of others walking or running 5k and 10k around the world.
Run in the Dark is the main fundraiser for the Mark Pollock Trust which is aiming to find a cure paralysis in our lifetime. Unbroken by blindness in 1998, adventure athlete Mark Pollock was left paralysed in 2010. Now, with the team at the Mark Pollock Trust, he is exploring the intersection where humans and technology collide, catalysing collaborations that have never been done before and in doing so unlocking $1 billion to cure paralysis in our lifetime.
At EisnerAmper Ireland, we design solutions to support our community.
Corporate Social Responsibility (CSR) is integral to how we do business and manage interactions, not just with our employees and clients but also our wider community and society as a whole. As a professional services firm, demonstrating ethical high performance in all aspects of our work and how we run our firm is fundamental to our success. Learn more about our CSR policy here and our CSR initiatives here.
Contact Us
Latest News →
EisnerAmper supports Insurance Ireland fourth INED Forum of 2021
EisnerAmper Ireland, in conjunction with Insurance Ireland, was delighted to host the fourth and final INED Forum of 2021.
The webinar focused on ‘Innovation for INEDs’ and looked at two key areas; InsurTech and Innovation in the Boardroom, and the significance of these topics for INEDs and their Boards. Frank Keane, Partner and Head of Client Internationalisation at EisnerAmper Ireland, moderated the event. We would like to thank our two sets of panellists for their insightful contributions:
Panel one:
- Moyagh Murdock, CEO, Insurance Ireland;
- Matthias Naumann, CEO, Companjon;
- Gerry Hassett, INED, New Ireland;
- Gary Leyden, InsTech.ie; and
- Ursula Murphy, Chief Transformation Officer, Allianz.
Panel two:
- Alan Holmes, INED, Allianz/DeCare Dental;
- Sylvia Cronin, INED, Canada Life, FBD Insurance;
- Susan Gibson, Chief Digital and Innovation Officer, Irish Life; and
- Pat O’Brien, CEO, Greenlight Re.
Many thanks also to the participants who joined yesterday’s webinar and who contributed to our panel discussions.
We deliver specialist Insurance Regulatory Compliance Services to help you meet your regulatory compliance and corporate governance requirements.
At EisnerAmper, we design and deliver specialist Services and Solutions for Business in the areas of Governance, Risk and Compliance. In this regard, if we can assist you or your business in any way, please do get in touch – we’d be delighted to help.
Contact Us
Latest News →The EisnerAmper Ireland Academy 2021
The EisnerAmper Ireland Academy 2021, the Firm’s annual all-staff training programme, was held today for the tenth year running. The Academy is a key part of our Firm’s all-staff training programme and is specifically designed for our professionals to accelerate their “on the job” learning and to facilitate their journey towards becoming not just great accountants but exceptional advisers and practitioners.
The theme for this year’s Academy was ‘Innovation & Transformation’ and included workshops, key-note speakers and team building exercises reaffirming our commitment to achieving and maintaining excellence in everything we do. Team building exercises encouraged our staff to innovate, collaborate and develop their design thinking skills in a changing world.
We would like to thank our guest speakers for their insightful contributions:
- Ron Immink, Entrepreneur, Author, Thought Leader
- Jay Weinstein, Vice Chair, Eisner Advisory Group LLC, Partner, EisnerAmper LLP
- Peter Cogan, Managing Partner, Eisner Advisory Group LLC, Partner, EisnerAmper LLP
- Arvind Kumar, Managing Director, Eisner Advisory Group LLC
- Clodagh Byrne, Head of Operations & Finance, FinReg Global Solutions
- Kilian Doyle, Head of Consulting, FinReg Global Solutions
Special thanks also to our EisnerAmper Ireland colleagues for their insightful contributions:
- Alastair MacDonald, Managing Partner
- Carina Myles, Partner, Risk & Regulatory
- Pat Cloran, Partner, Head of Risk & Quality
- Aileen MacDonagh, Senior Manager, Advisory
- Paul MacCarthy, Director, Head of Operations
- Joey Halligan, Manager, Advisory
As we continue to adapt to our changing environment, today’s Academy was held virtually and will be followed by smaller in-person team building workshops over the coming weeks and a firm-wide virtual wrap up session in November. This year we also hosted our first Mid-Year Academy in July which was focused on ‘Collaboration for Great Teamwork & Effective Teams’ and laid the foundations for today’s insightful and informative event.
At EisnerAmper Ireland, we care about business and we care about the people we work with in business.
Our trainees are involved in all elements of practice management from day one. From the outset, trainees work closely with Partners and Senior Management to deliver services and solutions to our key markets. This approach facilitates our trainees getting hands-on experience while also developing the core awareness, knowledge, skills and confidence to succeed in their careers. To learn more about our trainee programme, click here.
Contact Us
- ←« Previous Page
- 1
- …
- 3
- 4
- 5
- 6
- 7
- …
- 36
- →Next Page »
