On Friday 03 March, the Gozo Business Chamber, in collaboration with Bank of Valletta, organised its first webinar for this year ‘ESG for Business’.
ESG stands for “Environmental, Social and Governance” criteria. These criteria refer to a set of non-financial initiatives that reflect a business entity’s impact on the environment and society. On the 5th January 2023 the Corporate Sustainability Reporting Directive (CSRD) entered into force. The CSRD is the standard on which companies in the European Union will be reporting on ESG criteria. This means that large companies and listed SMEs will now have to report on ESG issues going forward. It is also important to note that the obligations emanating from the CSRD will also extend to companies who are in business with those who have obligations under this Directive. This is because large companies will need to report on their entire value chain. Consequently, this Directive may also impact small companies going forward.
A big thanks goes to our speakers Clint Flores (Bank of Valletta) and Mark Scicluna Bartoli (Bank of Valletta). This webinar was moderated by Daniel Borg (CEO of the GBC) and was also addressed by Joseph Borg (President of the GBC).
The scope of this webinar was to increase the awareness about ESG with a specific focus on its implications from a banking perspective. It also discussed means on how financial assistance was being provided to reach the sustainability objectives falling under the ESG criteria.
You can download the agenda here.
You can watch the webinar here.
The interventions/presentations can be downloaded through the following links:
