ACT Group’s Post

🌍 CBAM: A Game-Changer for Sustainability 🌍 The EU’s Carbon Border Adjustment Mechanism (CBAM) is poised to revolutionize global trade and environmental policy. Here’s why: Levelling the Playing Field: CBAM places a price on greenhouse gas emissions in the production of selected imports. By doing so, it ensures fair competition between EU and non-EU producers, preventing “carbon leakage” and promoting sustainability. This mechanism effectively discourages companies from relocating production to countries with lax environmental regulations, maintaining a consistent push towards greener practices globally. Driving Decarbonization: CBAM encourages industrial decarbonization by incentivizing companies to reduce emissions. As industries adapt to these new regulations, we anticipate a significant reduction in global carbon footprints. This shift isn’t just a regulatory adjustment; it’s a call to action for companies worldwide to innovate and invest in cleaner technologies. The ripple effect of such industrial transformation could lead to a greener, more resilient economy. Economic Implications: While CBAM may lead to moderate cost growth initially, its long-term benefits are promising. Economic projections suggest that CBAM could boost the EU GDP by 0.2% by 2030 and 0.4% by 2050. Beyond economic growth, CBAM is expected to create up to 600,000 new jobs within the EU, particularly in green technology and renewable energy sectors. This job creation will not only bolster the economy but also provide new opportunities for a skilled workforce in a rapidly evolving job market. Global Impact: CBAM’s charge is based on CO2 emissions during production. As it expands to cover more commodities, its influence will extend beyond the EU, shaping sustainable practices worldwide. Countries exporting to the EU will have a strong incentive to adopt greener practices to remain competitive. This global influence could be a pivotal force in the fight against climate change, encouraging nations to collaborate on environmental standards and policies. In summary, CBAM isn’t just about tariffs; it’s a catalyst for a greener, more equitable future. By addressing carbon emissions head-on and incentivizing sustainable practices, CBAM paves the way for significant environmental and economic benefits. Let’s embrace this opportunity for sustainable development and work together towards a cleaner, healthier planet. The future of global trade is green, and CBAM is leading the charge. #Sustainability #GreenEconomy #ClimateAction #CBAM #GlobalTrade #Decarbonization

With the EU rolling out the #Carbon Border Adjustment Mechanism (CBAM), it's important UK manufacturing leaders understand what it means for their businesses. For more on CBAM and other #legistlation effecting UK #industry, head to Sustainable Industry and use the search tool to find what you need! Here’s a quick overview #CBAM and what it might mean for you and your business. 🤔 What is CBAM? In simple terms, CBAM is the EU's way of putting a price on carbon #emissions for imports. Its goal? To encourage cleaner manufacturing globally and level the playing field for EU manufacturers facing strict carbon regulations. It means if you're exporting to the EU, the carbon footprint of your products now directly impacts your bottom line. 📊 Understanding the Costs CBAM directly influences your manufacturing costs by adding a carbon price on imports into the EU. This change is expected to ripple across various sectors, potentially increasing operational expenses. 🏆 Staying Competitive To stay competitive under CBAM, you'll need to do three things: 1. Boost Operational Efficiency: Put your manufacturing processes under the microscope and look for all opportunities to cut costs and carbon emissions. It's often the incremental improvements that yield significant savings. 2. Innovate: Invest in sustainable technologies and practices. Green innovations are not just environmentally beneficial but can also lead to cost savings and open up new market opportunities. 3. Adjust Your Market Approach: Reevaluate your pricing and product positioning to reflect the new costs while maintaining competitiveness and customer satisfaction. 🌍 Thinking Ahead CBAM is reshaping the competitive landscape, making sustainability a critical factor for success. Companies leading in sustainable manufacturing are likely to find themselves at a competitive advantage, pioneering a future where business growth and environmental stewardship go hand in hand. #UKManufacturing #CBAM #Sustainability #BusinessInnovation #FutureReady #ukmfg #procurement #supplychain https://lnkd.in/e7m6bg75

In our newest article, we look at the impact of CSRD and CBAM on Asian companies with EU ties. Our co-founder Marc Allen explains the details of these EU regulations, and how businesses can prepare. For context, CSRD nudges companies to disclose information about their climate risks and opportunities that both the market and public can use to make informed decisions. CBAM, on the other hand, guarantees that European companies can compete effectively against imports from nations with less rigorous carbon pricing systems. Ultimately, we expect that EU companies will continue to favor suppliers who can provide sustainability data that’s both high-quality and audited. Working together, importers and suppliers can take steps now to ensure that they’re well-prepared for the major business shifts that are on the horizon. To see how CSRD and CBAM could affect your team, check out the full article in the comments. #CSRD #CBAM #Sustainability 

EU's Carbon Border Adjustment Mechanism (CBAM) is now in effect, requiring quarterly emissions reporting for certain imported goods. This impacts businesses globally. CBAM aims to level the playing field between domestic and imported products regarding carbon pricing. Key steps for businesses: 💡 Act now: Assign responsibility internally and identify CBAM-covered imports. 💡 Assess data: Ensure compliance with reporting requirements. 💡 Plan strategically: Analyze financial impact, adjust supply chains, and invest in green tech. 💡 Stay updated: Monitor the latest implementing acts. These changes present an opportunity for businesses to go beyond compliance and drive sustainability, leading to innovation and growth. We can help you turn sustainability goals into profitable ventures. Contact us today! #sustainability #innovation #decarbonisation #finance #CBAM #CBAMReporting #Reporting #SustainabilityReport

🌍 Understanding the Carbon Border Adjustment Mechanism (CBAM): A Step Towards Sustainable Trade 🌍 In the fight against climate change, innovative policies are crucial. One such policy is the Carbon Border Adjustment Mechanism (CBAM). But what exactly is CBAM, and why does it matter?   📌 What is CBAM?   CBAM is a regulatory tool designed to level the playing field between countries with strict carbon regulations and those without. It imposes a carbon price on imports from countries with less stringent climate policies, encouraging global reduction of carbon emissions.   📌 Why is CBAM Important? Climate Action: CBAM ensures that imported goods reflect their true environmental cost, incentivizing greener practices worldwide. Fair Competition: By addressing carbon leakage, it prevents companies from relocating to countries with laxer environmental regulations, thereby maintaining competitive fairness. Innovation Drive: Encouraging cleaner technologies and practices globally fosters innovation and drives the transition to a low-carbon economy. 📌 Challenges and OpportunitiesWhile CBAM poses challenges in terms of implementation and international trade dynamics, it also presents opportunities for businesses to innovate and adapt. Companies can leverage CBAM as a catalyst for developing sustainable products and practices, ultimately leading to a competitive advantage in the evolving green market.   As we move towards a more sustainable future, understanding and engaging with mechanisms like CBAM is essential. It's not just about compliance—it's about leading the charge towards a greener, fairer global economy. Let's embrace the change and work together for a sustainable future! 🌱   #Sustainability #ClimateChange #CBAM #GreenEconomy #Innovation #CarbonNeutral

#sustainability  Does Trade Compliance or Trade Operations have or should be engaged within Sustainability programs? If yes, how deeply would you go? And in what aspects?  I'm putting this question to you for a doscussion. Those that continue to work on CBAM EU knows it is just one side of Sustainability initiatives under EU Green Deal.  But have you Heard about new emission zones in France? Or carbon tax on export from India? Or know what plans China have ? Or UK? Or US? I had a chance to take part in a fantastic workshop last 2 days where i realized that this might be new gold rush where rulez are not firm, scopes still change, and role Trade Compliance can play is also open. Thoughts?

Over the last two to three years, sustainability has rapidly evolved, and it's encouraging to see how legal concepts that were once simply drafts are now influencing the environment and producing real results. But not only encouraging, it is important at the same time. The implementation of comprehensive rules and legislation represents a positive change toward a more sustainable future. Now let's come to the focal point of our post: Carbon Border Adjustment Mechanism, or CBAM for short. CBAM results of the first reporting period has published. 💡 More than 15,300 reports were submitted via the CBAM Transitional Registry. 💡 According to the report, Germany was the EU country that submitted the most reports, including draft reports. 💡 This report also ranks Turkey 2nd among the top 25 countries in terms of the total amount of CBAM goods declared. These results can be evaluated in many different ways, but they remind us of the opportunities for both countries: Opportunities Abound: German and Turkish companies face unique chances to reshape their operations for global markets. For Turkey, reducing carbon emissions could boost export opportunities. In Germany, pursuing low-carbon alternatives could redefine market leadership. Strategic Shifts Required: It’s crucial for businesses to integrate principles of double materiality into their plans, and aiming for a supply chain that prioritizes ecological sustainability alongside financial health. What does this mean for your business? How can you leverage these insights for greater competitive advantage and sustainability leadership? #CBAM #carbonfootprint #sustainability #climatechange #supplychain

Curious about new regulations in the ESG space? Check out our second blog post exploring the EU's Carbon Border Adjustment Mechanism (CBAM)! This initiative is reshaping how we handle carbon leakage and fair competition in the global marketplace.🌱💼 Key takeaways: ✅ CBAM levels the playing field by aligning carbon costs for imports and domestic goods. ✅ It spurs global adoption of sustainable technologies and practices. ✅ CBAM presents both challenges and opportunities for innovation in carbon-intensive sectors. ✅ A vital step towards achieving a net-zero carbon economy. 👉 Learn more about CBAM's role in sustainable finance in our blog https://lnkd.in/dqYz7sti. #CBAM #CarbonPricing #SustainableFinance #ESG

🌍Understanding the European Union's (EU's) #CarbonBorderAdjustmentMechanism (CBAM)🌍 The EU's #CBAM ensures a fair price on #CarbonEmissions from #carbon-intensive goods imported into the EU, preventing carbon leakage and leveling the playing field for EU #producers. 💡 Key Objectives: 1. Global #decarbonization. 2. Equal treatment for all goods. 3. #Incentivizing stricter #climate #policies globally. 🚀Implementation: - 2023-2025: #Importers report emissions. - 2026: Importers buy CBAM certificates based on the European Union #EmissionsTradingSystem. 🤝 EU-India Cooperation: The EU is working with #India to address CBAM's impact and support India's #decarbonization efforts. 🌐 Global Impact: CBAM will drive decarbonization, reshape #trade, and boost #investments in #low-carbon #technologies. Read more: (https://lnkd.in/gjzC2jCj) Let's connect! 🌱   Visit us at http://www.enengreen.com, or write to us at info@enengspl.com. #Sustainability #Decarbonization #CBAM #ClimatePolicy #GlobalCooperation #GreenEconomy

Our Director, Walid Ramadan, underscores the vital importance of mandatory sustainability reports, highlighting them as an indispensable requirement for fostering responsible and impactful business practices in international trade. #Sustainability #Reporting #CBAM #Investment #InternationalTrade #Business #Export #EU #PublicAffairs