header

Quality

Quality Management

For our customers and for DQS, quality is the key to sustainable business success. 

Environmental Responsibility

Environmental Responibility

Only systematic environmental protection can create a balance.

Automotive 

Automotive  

Manufacturers, OEM suppliers, IATF, VDA – if this is your industry, we have the certification services you need.

Food & Hygiene

food feed hygiene

Food and Hygiene safety systems provide a first-line defense for consumer safety.

Workplace Safety

Workplace Safety

Taking good care of your employees is one of the essential goals. 

IT and Service Management

IT and Service Management

 Find out what DQS has to offer for your business.

Social Responsibility

Social Responsibility

Securing basic human rights benefits your business, if you know which standards to apply. 

Medical Devices

Medical Devices

DQS offers a variety of services in the field of medical devices approval. 

Animal Feed

Animal Feed

Because safety and quality of animal feed is the first stage for consumer safety.

Aerospace

Aerospace

If your value stream needs wings to fly, a certification to the 9100 series by DQS will get it in the air. 

Risk Management

Risk Management

Risk is the effect of uncertainty on the achievement of objectives. 

Career

ASSOCIATE PROFESSIONAL MANAGEMENT SYSTEM AUDITORS

We are looking for associate professional management system auditors to join our team.

DQS Newsletter

Connect With US

joomla vector social icons

EU REVISES GUIDELINES FOR NONFINANCIAL REPORTING: CLIMATE RISKS GAIN IMPORTANCE

Investors, lenders, insurers have one thing in common: they need to understand to what extent businesses are exposed to climate risks. The EU Commission has now confirmed its plans to include climate risks in its guidelines for nonfinancial reporting. If your business is not reporting on its exposure to climate risks yet, read on.

In just a few years, climate risk has gone from an overlooked topic to an essential part of sustainability reporting. When the EU published its nonfinancial reporting Directive in 2014, climate risk was not high on the agenda. Five years later, the situation is quite different: in the wake of the EU Action Plan for Sustainable Finance, there is a growing realization that investors and insurers need to be able to assess the climate risks organizations are exposed to.

If your sustainability report does not cover climate risks, now is the time to change that.

What are climate risks and why should I report on them?

Climate risks are risks that are related to climate change. These can be physical, such as failed harvests resulting from droughts, damage to assets because of extreme weather, or higher costs because of a rising sea level. However, they can also be regulatory: public policies to decarbonize the economy, rising emission costs, carbon taxes, product regulations, etc.

For investors, lenders and insurers, being aware of these risks is of paramount importance: it enables them to make informed decisions for the long term. The EU Action Plan for Sustainable Finance has made this information need even more acute: the action plan aims to re-orient investments towards more sustainable technologies and business, and to contribute to the creation of a low-carbon, climate resilient economy. This entails that business who do not create transparency around the climate risks they face, will find it increasingly hard to attract investors, obtain loans and get sufficient insurance coverage.

Revision of the EU Guidelines

The first EU Guidelines for Nonfinancial Reporting, published in July 2017, did not make a recommendation on disclosing climate risks. A second version, to be published in the Summer of 2019, will change this. The new version will provide guidance to companies on how to disclose climate-related information and will be aligned with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). The mission of TCFD has been to create a common framework for reporting the financial implications of these risks.

A detailed overview of what the guidance could look like is available in the EU Report on Climate-Related Disclosures, although changes in the final version cannot be excluded.

Non-Binding Guideline… but is it really optional?

To be clear: what is being updated are the non-binding guidelines for nonfinancial reporting, not the EU-Directive itself. However, that does not necessarily mean that companies do not need to report climate risks. The EU-Directive from 2014 already states that affected companies have to disclose “the principal risks” related to environmental aspects. For many companies, those “principal risks” will automatically include climate risks – and will therefore need to be reported.

What DQS can do for you

DQS is a licensed assurance provider for sustainability reports and ESG data. Our assurance engagements confirm the plausibility and appropriateness of sustainability data – including disclosures on climate risks. Our assessments also cover the extent to which the disclosed information complies with the EU-Directive on nonfinancial reporting. Contact us to discuss your project or subscribe to our newsletter for the latest news on sustainability.

Source: DQS CFS website (https://dqs-cfs.com/2019/03/eu-revises-guidelines-for-nonfinancial-reporting-climate-risks-gain-importance/).

For more information, please send email to This email address is being protected from spambots. You need JavaScript enabled to view it.m.

Share this post

Submit to DeliciousSubmit to DiggSubmit to FacebookSubmit to Google PlusSubmit to StumbleuponSubmit to TechnoratiSubmit to TwitterSubmit to LinkedIn

DQS Certification NEWS

A quarter of a century for DQS: 25th anniversary of the Managing Directors

A quarter of a century for DQS: 25th anniversary of the Managing Directors Both Managing Directors of DQS Holding have served DQS and Quality for 25 years Stefan Heinloth, trained engineer and MBA, served in various management tasks as an officer in the German military and project tasks in the aviation industry. In 1994 the founder of DQS, Joachim Pärsch, hired Stefan Heinloth as a quality manager on May 1st, 1994 and initially sent him to DGQ for an in-depth auditor training, In O

05-09-2019
- by dqsindonesia
Read more »
IFS PACSECURE VERSION 2 – CHANGES UNDERWAY

IFS PACSECURE VERSION 2 – CHANGES UNDERWAY The IFS PACsecure standard is currently under revision. In the following, we will provide you with all the important information about the timetable and possible changes. After the meeting of an Expert Review Group in March 2019, followed by an open consultation in April, the Review Group will now analyse the survey results, expert feedback, GFSI documents, market developments and the latest changes in the IFS Food Standard. This will result in a fi

05-09-2019
- by dqsindonesia
Read more »
THE ELIMINATION OF VIOLENCE AND HARASSMENT IN THE WORLD OF WORK? ILO-CONVENTION PUBLISHED

THE ELIMINATION OF VIOLENCE AND HARASSMENT IN THE WORLD OF WORK? ILO-CONVENTION PUBLISHED This year, the International Labour Conference celebrates its 100th anniversary. Rather than reminisce about the past, ILO is focused on present and future challenges. In June 2019, ILO adopted a new convention, which aims to combat violence and harassment in the workplace. In the following, we will provide you with a summary of the content and explain why the implementation will be a challenge. Even t

05-09-2019
- by dqsindonesia
Read more »
NEW AREA OF APPLICATION FOR REDCERT²: BIOMASS IN THE CHEMICAL INDUSTRY

NEW AREA OF APPLICATION FOR REDCERT²: BIOMASS IN THE CHEMICAL INDUSTRY The REDcert² certification scheme for sustainable biomass has expanded its scope: the scheme is now also applicable to a new, highly complex sector – the chemical industry. The certification system REDcert² ensures that the European sustainability requirements for the use of biomass for energy and material purposes are met at all levels of the production process. Currently, the certification is mainly used by the biofuel,

05-09-2019
- by dqsindonesia
Read more »
IFS BROKER VERSION 3: HERE’S WHAT CHANGES

IFS BROKER VERSION 3: HERE’S WHAT CHANGES In June 2019, IFS released Version 3 of the IFS Broker Standard. The new version reflects the changing expectations of the market with regard to product safety. Certified sites need to be aware of a number of new requirements, particularly in relation to food fraud mitigation and risk assessments. In this article, we provide an overview of the main changes as well as the transition process. While most of the standard has remain unchanged, there are t

05-09-2019
- by dqsindonesia
Read more »

PT. DQS CERTIFICATION INDONESIA

Tel: (62-21) 30490228

The CEO Building Level 12 Jl. TB Simatupang No.18 C, Cilandak Barat, Jakarta Selatan

Email: info@dqsindonesia.com

Tel: (62-21) 22780821 (62-21) 22780823 (62-21) 22780343

JL. Margasatwa 4, Unit A. Cilandak Timur, Pasar Minggu, Jakarta Selatan 12560 Indonesia

2019 © PT. DQS Certification Indonesia All rights reserved.