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Feyz International has multiple offices worldwide. This global network enables our teams to collaborate closely with customers and partners for more effective and efficient service. Our Offices Feyz International has multiple offices worldwide. This global network enables our teams to collaborate closely with customers and partners for more effective and efficient service. Zug Office General-Guisan Strasse 6, Zug, 6303, Switzerland Vaud Office Rue de la Paix, Gland, 1196, Switzerland Paris Office 16 Allée du Puits, 92130, Issy-les-Moulineaux, France View our other locations here Our business hours Monday Tuesday Wednesday Thursday Friday Saturday Sunday 9:00 AM - 7:00 PM 9:00 AM - 7:00 PM 9:00 AM - 7:00 PM 9:00 AM - 7:00 PM 9:00 AM - 6:30 PM Closed Closed View on Google Search View on Google Maps View on Maps

Feyz International is a European management consulting firm delivering strategic guidance and customized solutions to businesses worldwide. Founded in 2018, we specialize in legal, financial, and tax advisory services, along with corporate event management. Our Latest News What challenges do companies currently face regarding security? What is their cybersecurity strategy for the future? And what role does digital sovereignty play in this?... CYBERSECURITY 2025: CLOUD SECURITY IS KEY ISSUE FOR COMPANIES EU SUSTAINABLE GROWTH REGULATIONS: THE CHALLENGES OF TRANSPARENCY, COMPARABILITY, AND LEADERSHIP With the European Green Deal of December 2019 supporting long-term signals to support green investments, and the proposed European Climate Law as a framework for... About Feyz International Feyz International is a European management consulting firm delivering strategic guidance and customized solutions to businesses worldwide. Founded in 2018, we specialize in legal, financial, and tax advisory services, along with corporate event management. With more than 25 trusted customers , we support large-scale transformation projects across diverse industries. Recognized for analytical depth and technical expertise, our teams operate across Europe, working closely with our customers in financial services, information technology, maritime transportation, education, and fast-moving consumer goods to address complex challenges, enhance operational efficiency, and deliver measurable, lasting results. Our consulting model combines strategic insight with hands-on industry experience. We offer a full range of services, including change management, process optimization, technology advisory, foreign investment consulting (FDI & FPI), and regulatory compliance. Beyond its consulting services, Feyz International organizes tailored summits, conferences, and executive events designed to promote innovation and deliver actionable solutions. These events connect our customers with a network of over 5000 C-level executives from key industries, including automotive, media, agribusiness, aviation, banking, and healthcare. Through these platforms, we facilitate strategic dialogue, in-depth knowledge sharing, and the development of long-term partnerships. Upcoming Events Zürich Learn More Designed for IT decision-makers focused on driving innovation and delivering business impact. Tech Leadership Conference Paris Learn More A networking platform for forward-thinking leaders in the French and wider European markets. Business Leadership Conference Learn More Created to exchange insights and broaden professional networks among IT leaders in Italy. IT Leadership Summit Milan Industries Healthcare Healthcare organizations are focused on delivering greater patient value, fostering innovation, and simplifying complex operations to control costs effectively. Learn More Our Services Management Consulting Market Development Consulting Technology Strategy Consulting Feyz International delivers outstanding networking events alongside a comprehensive range of consulting services, helping customers implement effective and cost-efficient business strategies, including FDI and FPI consulting, as well as financial and administrative support. Our team is composed of experts proficient in the latest technologies and frameworks, enabling us to provide innovative, flexible, and reliable solutions that consistently exceed expectations. Find Out More Financial & Tax Advisory Risk & Compliance Advisory Legal Advisory

Feyz International is a European management consulting firm delivering strategic guidance and customized solutions to businesses worldwide. Founded in 2018, we specialize in legal, financial, and tax advisory services, along with corporate event management. We'll be back soon! Sorry for the inconvenience but we're performing some maintenance at the moment, we'll be back online shortly! Follow us!

Feyz International is a dynamic company providing consulting services, event management, and investment support to customers locally and internationally across Europe and beyond. Founded by a diverse team of global development experts, we have successfully supported numerous development projects in Switzerland, France, Turkey, and neighboring regions since 2018. About Us Feyz International is a dynamic company providing consulting services, event management, and investment support to customers locally and internationally across Europe and beyond. Founded by a diverse team of global development experts, we have successfully supported numerous development projects in Switzerland, France, Turkey, and neighboring regions since 2018. Our Activity Feyz International is a European management consulting firm delivering strategic guidance and customized solutions to businesses worldwide. Founded in 2018, we specialize in legal, financial, and tax advisory services, along with corporate event management. With more than 25 trusted customers , we support large-scale transformation projects across diverse industries. Recognized for analytical depth and technical expertise, our teams operate across Europe, working closely with our customers in financial services, information technology, maritime transportation, education, and fast-moving consumer goods to address complex challenges, enhance operational efficiency, and deliver measurable, lasting results. Our consulting model combines strategic insight with hands-on industry experience. We offer a full range of services, including change management, process optimization, technology advisory, foreign investment consulting (FDI & FPI), and regulatory compliance. Beyond its consulting services, Feyz International organizes tailored summits, conferences, and executive events designed to promote innovation and deliver actionable solutions. These events connect our customers with a network of over 5000 C-level executives from key industries, including automotive, media, agribusiness, aviation, banking, and healthcare. Through these platforms, we facilitate strategic dialogue, in-depth knowledge sharing, and the development of long-term partnerships. Our Mission Connecting driven leaders to shape a better future At Feyz International, we connect passionate professionals to create insightful solutions to any challenges they may face. Our ability to anticipate, comprehend and provide a deep understanding of our customers' transformation, strategic and planning needs leads to sustainable results and long-term partnerships. Our commitment to individual empowerment and continuous development enables us not only to best serve our customers, but also to better influence our own destiny, shaping the future of society. Our Vision To deliver authentic solutions grounded in commitment and perseverance, fostering sustainable business value. We strive to be known for our ability to find genuine, simple and sustainable solutions to our customers' most compelling opportunities and complex challenges. By earning trust through bold actions, our associates will be recognized for their success in delivering world-class solutions and maximizing customer satisfaction. To realize this vision, we will be at the forefront of staff development and sustainable business transformation. Our Events

We offer a range of corporate events for C-level executives and business owners, from monthly Tech and Business Leadership Conferences for medium and large enterprises to exclusive annual IT Leadership Summits. Explore our events below to expand your professional network. Events We offer a range of corporate events for C-level executives and business owners, from monthly Tech and Business Leadership Conferences for medium and large enterprises to exclusive annual IT Leadership Summits. Explore our events below to expand your professional network. Upcoming Events Tech Leadership Conference 2025 About the Event Zürich, Switzerland Business Leadership Conference 2025 About the Event Paris, France IT Leadership Summit 2025 About the Event Milan, Italy Business Leadership Conference 2025 About the Event Brussels, Belgium Tech Leadership Conference 2025 About the Event London, UK IT Leadership Summit 2025 About the Event Istanbul, Turkey Upcoming Become our Sponsor! All attendees must submit an application and our corporate events managers will review all requests. If your application is approved, you will receive a confirmation email with more information on the event. Please note that only officially confirmed participants can attend the event. Access to the event is free* and open to individuals that meet at least one of the following criteria: - All C-level executives, SVPs, VPs and Directors from ( $1B+annual turnover ) commercial organizations - CIOs, CDOs, CTOs, CISOs, DPOs, IT Directors, CFOs, CMOs, SVPs and VPs from ( $250M-$1B annual turnover ) c ommercial organizations - CIOs, CDOs, CTOs, CISOs and DPOs from ( $25M-$250M annual turnover ) government, education, nonprofit and commercial organizations Eligible enterprises: - Large enterprises with (5,001+ ) employees - Medium enterprises with (1,001-5,000 ) employees - Small enterprises with (500-1,000 ) employees Event Registration Form To register, please take the time to fill out the information below. Company Size Continue * (some slots are open for an additional fee) There is no media and no presentation elements, it is an open and free flowing roundtable conversation. Form Testimonials " Feyz International IT Leadership Summit in Istanbul is clear and very useful for IT sector leaders. Thank you for all your efforts for this event. I was very happy to attend this event with industry leader executives. " Sait Reçber Data Management Senior Manager & CDO " This was a valuable event for IT leaders which gathered professionals and let them exchange knowledge and build relationships. It was a great experience for me and now I have highly experienced IT professionals in my network thanks to Feyz International. " Kıvanç Kantürk Chief Technology Officer " All the participants were great and I had a great time discussing various topics with different leaders. " Ata İsmet Özçelik Eastern Europe & Turkey Digital Director IT Leadership Summit / Tech Leadership Conference Technology is integral to our daily lives and increasingly central to the professional world. This invitation-only event aims to foster open discussions on what defines success for IT executives, providing practical tools and strategies to support both current and emerging leaders. We encourage participants to share their experiences and plans confidentially while hearing from inspiring, visionary speakers. The conference covers key topics such as artificial intelligence, fintech, cybersecurity, and the metaverse - critical areas shaping the future of technology. Attendees will have the chance to meet leading experts in cloud computing, big data security, customer service, and enterprise technology, expanding their networks and gaining valuable insights into expert services. Beyond the collaborative and open environment, this event promises to be engaging, enlightening, and highly productive. We look forward to your participation! ITLS/TLC Business Leadership Conference Following a challenging period, economies are gradually recovering, presenting a unique opportunity to rebuild stronger, more sustainably, and with greater responsibility. Our Business Leadership Conference is designed to unite leaders in a dynamic setting to explore fresh ideas and share valuable insights. With high anticipation for in-person engagement, Feyz International hosts this event at premier venues, featuring inspiring talks, relevant content, and meaningful networking opportunities. This conference offers a platform to identify practical solutions that drive business value. As emerging trends and innovative technologies reshape industries, companies must adapt to enhance efficiency and competitiveness. Attendees will engage in thoughtful discussions on pressing issues and gain actionable advice from distinguished keynote speakers. Expect an energetic, vibrant conference experience characterized by an open and engaging atmosphere. We look forward to welcoming you to these inspiring events! BLC Discover our Job Offers

Feyz International is part of the Feyz Global group that operates in multiple countries around the world. The group’s core expertise has traditionally focused on international trade development with a special emphasis on business in Europe and Africa. Additionally, the group offers functional competencies in financial services, investment advisory, event management, and business consulting. Our Company Feyz International is part of the Feyz Global group that operates in multiple countries around the world. The group’s core expertise has traditionally focused on international trade development with a special emphasis on business in Europe and Africa. Additionally, the group offers functional competencies in financial services, investment advisory, event management, and business consulting. Our Values Our Community Creating a positive future for humanity is within reach. Across all sectors of society, building a better tomorrow depends on unlocking potential and resourcefulness. That’s why we dedicate our time and expertise to supporting communities and inspiring individuals, especially those facing challenges - to become the innovators and leaders of the future. Our Organization Our History 2018 Established Feyz & Co LLC in Paris Service operations start in France Managed our 1st major consulting project 2020 Service operations end in France due to COVID-19 Dissolved Feyz & Co LLC 2021 Established Feyz International LLC in Moscow Service operations start in Russia 2022 Opened a branch office in Paris Service operations end in Russia Headquarters location changed 2023 Service operations start in Turkey Organized our 1st major corporate networking event 2024 Opened subsidiaries in Zug and Gland (Vaud) Service operations start in Switzerland

Our consulting services address the most critical challenges and opportunities for our customers, covering strategy, market development, operations, technology advisory, financial and tax consulting, and sustainability across diverse industries and global markets. Services Our consulting services address the most critical challenges and opportunities for our customers, covering strategy, market development, operations, technology advisory, financial and tax consulting, and sustainability across diverse industries and global markets. Analytics Feyz International enables you to unlock the full potential of your data, regardless of its source or format. Our analytics specialists collaborate closely with you to address your toughest challenges, delivering rapid, actionable insights while empowering your team to develop lasting data expertise. Marketing Strategy Our team of international experts supports your pursuit of sustainable, organic growth by emphasizing three key elements: a customer-centric external strategy, an exceptional customer experience, and robust internal capabilities to optimize engagement at every interaction point. Cost Transformation True cost transformation involves streamlining, refocusing, and reinforcing your organization to support sustainable growth and enhance the customer experience. Our holistic, tailored approach helps you foster a culture of continuous improvement and effective cost management. Advisory Services Financial & Tax Advisory Restructuring Services * Transaction Services Financial Operations Corporate Tax Strategy International Tax Management *including portfolio & asset performance, financial stabilization, and turnaround management Risk & Compliance Advisory Regulatory & Compliance Technology Risk Management & Resilience Legal Advisory Dispute Resolution Legal Entity Management Commercial & Corporate Law Digital Law & Data Privacy Contract & Claim Management Advisory FDI and FPI in EEA and CIS Feyz International offers strategic advisory services to support international investors in structuring, executing, and optimizing their cross-border investments across EEA and the CIS. Our associates, backed by region-specific legal expertise, deliver actionable insights and compliance assurance - ensuring that your ventures align with local regulations and market dynamics. Market Entry Strategy & Regulatory Guidance Advisory on legal frameworks, investment protocols, and strategic considerations for seamless market entry and capital deployment. Business Formation & Tax-Efficient Structuring Turnkey support for establishing operational entities, subsidiaries, joint ventures, branches, or through M&A - tailored to your sector and goals. Compliance & Transaction Support Comprehensive counsel through each phase of the investment lifecycle, including documentation, due diligence, and risk mitigation. End-to-End Incorporation Services End-to-end assistance with registration, licensing, and regulatory filings with national and regional authorities. * Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) ** European Economic Area (EEA) and the Commonwealth of Independent States (CIS) Consulting Services Management Consulting Business Process Management Supply Chain Management Organizational Operations Digital Strategy Organizational Strategy Business Model Transformation Corporate Strategy Change Management Procurement Strategy Human Capital Strategy Learning & Development Market Development Consulting Digital Marketing Customer Experience Branding Sales & Channel Management Pricing Marketing Return on Investment Insights & Analytics * * including market research, CLV analysis, and predictive analysis Technology Strategy Consulting ERP & EAM Integration Technology Risk Management Data and Analytics Cybersecurity Trainings IT Strategy & Implementation Digital Transformation For additional information on our services, please contact our experts on : services@feyzinternational.com For existing customers and partners, please contact a Feyz International professional directly. Consulting

Zürich Tech Leadership Conference Tech and Data Science Executives Register Now! In-Person Event | 2023 Attending Companies Discover More Why Attend our Event? Exclusive Content – Trend-forward sessions – with tons of practical takeaways and ideas to keep you ahead in the IT space. Connections – Hundreds of seasoned IT decision makers, cyber security experts, strategists, risk managers, data heads, marketers, and more to mingle and connect with. Meet your customers, vendors, expert resources, friends and colleagues. Network with leading solution providers – As a delegate, you will experience cutting-edge technology from solution providers that can fulfil your business requirements. Showcase of Technology solutions - Gather practical perspectives from many real-world use cases shared by the market’s leading players, including early adopters and leaders from across the region. Key Topics Technology is part of our daily lives and even more so in our professional environment. The goal of this invitation-only event is to encourage discussions and dialogue on what it means to be a successful IT executive and to provide tools and strategies to assist current and emerging leaders. We urge our leaders to confidentially share their experiences and plans while hearing from inspirational and visionary speakers. We explore and share the main topics amongst which artificial intelligence, fintech, cybersecurity and the metaverse are the most popular. We encourage you to come and meet some of the biggest players when it comes to cloud computing, big data security, customer service and enterprise technology. Coming together will not only expand your networks and knowledge, you can meet the industry specialists and learn more about their expert services. Innovation & Emerging Technologies Cybersecurity, Data Protection & IT Risk Management Metaverse, Blockchain & Cryptocurrencies Leadership & Business Transformation AI, Data & Analytics Cloud, Infrastructure & Operations The Agenda The event's dynamic agenda will take you through a series of roundtable discussions, real-life use cases, and dedicated industry tracks, giving you a bird's eye view of the current market situation, the latest technological innovations and strategies for propelling your organization to meet the unique challenges of these unprecedented times. Our Upcoming Events

Library WHY CYBER RISK ASSESSMENTS SHOULD BE A PART OF YOUR BUSINESS STRATEGY Every day brings with it the news of yet another company falling victim to a cyberattack. The costs the affected businesses face are enormous: lost critical data, stolen assets and damaged reputations... HOW SECURE ACCESS SERVICES EDGE SECURITY WILL TRANSFORM NETWORKS During a media event at Netskope’s SASE Week, Steve Riley, the discussion moderator and field chief technology officer for Netskope, asked, “What’s the driving force for SASE? Why now? What’s changed?”... THE ROLE OF VENTURE CAPITAL SECURITIES IN ENTREPRENEURSHIP For entrepreneurs to flourish, they need funding: venture capital is financial capital provided to early-stage, high-potential, high-risk, growing entrepreneurial companies. Venture capital is particularly attractive for... CYBERSECURITY 2023: CLOUD SECURITY IS KEY ISSUE FOR COMPANIES What challenges do companies currently face regarding security? What is their cybersecurity strategy for the future? And what role does digital sovereignty play in this?... Coming soon...

How can organizations do good (help the environment) while doing well (boosting economic growth)? While both worthy goals, they can be at odds with each other, creating a dilemma for organizations who wish to both contribute to environmental sustainability while maintaining economic growth.  DOING GOOD WHILE DOING WELL: THE CASE OF BUSINESS IT INITIATIVES How can organizations do good (help the environment) while doing well (boosting economic growth)? While both worthy goals, they can be at odds with each other, creating a dilemma for organizations who wish to both contribute to environmental sustainability while maintaining economic growth. All that glitters is not green Information technology (IT) is a major driver of economic and social development, but such advancement comes at a high environmental cost. Organizations’ reliance on IT has led to increased computing power and the development of large data centers that provide analytics and cloud computing services. These result in increased energy consumption, higher carbon emissions, and more electronic waste. This has led to the development of green IT initiatives to address the environmental consequences, meaning IT products and services that reduce the negative impact and improve sustainability. The existing research supports the idea that launching green IT efforts can improve sustainability outcomes, for example by managing energy consumption. Other examples of green IT initiatives include powering data centers with renewable energy sources, reducing waste from out-of-date computing equipment, and encouraging telecommuting/remote administration for reduced transportation-related emissions. There are a number of ways to go about a green IT initiative, but they all require a concerted effort from staff and involving IT processes and IT products. This is likely to be a significant technological trend with wide-reaching social implications. However, all that glitters is not green, and implementing green IT measures comes with complications such as disruption to existing systems, unpredictable returns and market demand, cost, and how stakeholders will react. This leads to the dilemma between doing good while doing well: while companies may wish to do good by implementing green IT initiatives, they may have legitimate concerns about how this will affect their bottom line (doing well). Indeed, much of the research has focused on the sustainability implications and less on the economic ones. This dilemma led the researchers to examine the drivers that impact an organization’s motivation to adopt green IT initiatives and their link to this reconciliation between sustainability and profit. What drives this process? To explore this question, the researchers conducted a qualitative study on eight organizations in China and Singapore, as it is crucial to explore how green IT implementation plays out in the real world as opposed to an experimental setting. The companies operated in telecommunications and IT-related industries. All eight were large companies with over 3000 employees, and all eight were pioneers of green technology. The research team used a multi-prong data collection approach, conducting interviews and clarifying information via emails and phone calls, field observations, and archival data. They looked at both internal and external drivers, separating them into three categories: competitiveness, legitimation, and ecological responsibility. Internal drivers, or organizational drivers, include factors like stakeholders’ attitudes, economic considerations, and technology skills. External drivers include factors like policy and industry pressures, like regulations on waste disposal and energy consumption. Breaking it down further, competitiveness is the link between ecological actions and long-term profitability; legitimation is the organization’s drive to align its actions within a certain set of norms or regulations; and ecological responsibility refers to an organization’s thoughts about its duty to society and its values. Looking at the results, the researchers found that green IT practices were seen as essential strategic considerations for these companies. They also found that organizations did not always manage to reconcile the gap between sustainability and profit through meeting the objectives of competitiveness, legitimation, and ecological responsibility. For companies that noted a significant amount of government pressure, an external driver, only a middling level of reconciliation was achieved. Organizations tended to have one main driver, like government pressure for Chinese companies and corporate social responsibility for the Singaporean companies, but were also motivated by the other drivers. Overall, the organizations tended to be most motivated by cost reduction, market drivers, government pressure, and corporate social responsibility. For reconciliation of sustainability and profit, the researchers found that the time frame matters: while IT initiatives tend to require a short-term investment, they will bring long-term benefits that surpass the initial investment. The strategy deployed also plays a role: one company invested in hybrid cloud computing, which set them apart from the competition, which will ultimately improve profits. Having a green image is also a competitive advantage, as it can boost customer satisfaction. Additionally, the dilemma becomes less of an issue in cases where companies experience external pressure, like from the government or external stakeholders. If going green is essential for market success, the financial investments become less of a consideration and more of a requirement. This shows that the dilemma can play out in different ways, and it is important to consider how both internal and external factors will impact the implementation of a green IT strategy. Takeaways IT services are ubiquitous in business and management, meaning that organizations and managers need to prioritize the implementation of green IT. Organizations may have different motivations for doing so, motivations that may fall into the categories of competitiveness (economic pressure), legitimation (shifting norms) or ecological responsibility (doing the right thing). These categories can include both external and internal factors. In practice, this highlights two main ways to motivate companies to implement green IT practices: A combination of pressure from the government and corporate social responsibility obligations Aligning green IT measures with the goal of improving profits by satisfying market demand and reducing operating costs The researchers note that the latter is more sustainable, but that the former may be able to stimulate progress by implementing incentives (tax breaks) or punishments (high energy costs). The climate crisis is increasingly urgent, and helping the environment requires an “all-hands on deck” approach. With soaring IT needs and their accompanying environmental consequences, green IT processes are likely to be a trend that won’t go away any time soon. With this research, we gain a better understanding of what motivates organizations to take on green IT initiatives and how they can reconcile “doing good” with “doing well”, enriching our understanding of the drivers of business IT initiatives, an understanding that can help organizations seeking to take such initiatives themselves. Further reading Yang, X., Li, Y., & Kang, L. (2020). Reconciling “doing good” and “doing well” in organizations’ green IT initiatives: A multi-case analysis. International Journal of Information Management, 51, 102052. by Yan Li , 17.05.21 Source : Knowledge Lab Essec

With the European Green Deal of December 2019 supporting long-term signals to support green investments, and the proposed European Climate Law as a framework for achieving climate neutrality, low-carbon transition has recently featured prominently in European Union (EU) policy. EU SUSTAINABLE GROWTH REGULATIONS: THE CHALLENGES OF TRANSPARENCY, COMPARABILITY, AND LEADERSHIP With the European Green Deal of December 2019 supporting long-term signals to support green investments, and the proposed European Climate Law as a framework for achieving climate neutrality, low-carbon transition has recently featured prominently in European Union (EU) policy. “Greenwashing” (pretended concern about the environment) and false advertising in the marketing of supposedly “green” products tend to undermine this objective, and these phenomena have therefore come under scrutiny. In particular, the European Commission has adopted an Action Plan on Financing Sustainable Growth, which aims at reorienting capital flows towards sustainable investment, and fostering transparency and long-termism. The Action Plan has engendered three Regulations – “Disclosure”, “Benchmark”, and “Taxonomy” – between 2019 and 2021. The new legal framework represents a worthwhile beginning, but it is not yet fully mature. The Disclosure Regulation, the Communication from the Commission on Reporting Climate-Related Information, and soft law principles targeting green bonds specifically, have together updated the 2014 requirements on non-financial information. They have increased transparency at almost all levels in the financial value-chain: issuers, investment funds, pension funds, and hedge funds, financial advisors, asset managers (all recognized as “financial market participants” in the Regulation) and rating agencies. In addition, in order to facilitate investors’ access to data, the Commission has announced in its Capital Markets Union New Action Plan the establishment of a European Single Access Point for financial and non-financial information publicly disclosed by companies. The low-carbon Benchmark Regulation sets out the requirements for “EU Climate Transition Benchmarks” and “EU Paris-aligned Benchmarks”, while the Taxonomy Regulation establishes a unified EU classification system to label economic activity as environmentally sustainable. The Taxonomy Regulation makes clear which economic activities contribute most to meeting the EU’s environmental objectives, and thereby guides – or nudges – investors towards “green” investments (on the model of energy consumption labelling, and its colour-gradient). Under Article 8(1) of the Taxonomy Regulation, certain large undertakings that were previously required to publish non-financial information pursuant to the Non-Financial Reporting Directive, are now required to disclose information to the public on how and to what extent their activities are associated with environmentally sustainable economic activities. SMEs and non-EU companies can of course decide to disclose information on a voluntary basis for the purpose of getting access to sustainable financing or for other business-related reasons. By December 31st, 2021, the Commission will report on how to label “brown” activities that significantly harm environmental sustainability, as well as activities that have low impact. The EU’s green finance taxonomy is, in other words, directed at avoiding greenwashing by establishing criteria for activities and financial instruments that claim to be environmentally sustainable or to contribute to a social objective. This legal framework lays some groundwork for comparisons and sound decision-making on behalf of investors. However, more needs to be done in terms of standardising what is reported. In practice, the way environmental information reaches capital markets remains a sticking point. Labels, indices, and principles drawn up by various uncoordinated for-profit and nonprofit organizations have multiplied, creating complexity and confusion for companies and investors. Yet, as stressed by Robert Eccles, nonfinancial information that is of the same rigor and relevance as financial information, and that is also subject to the same degree of auditability, is indispensable for capital markets to operate sustainably. Standards for nonfinancial information for companies’ environmental (as well as social, and governance) performance are important: like accounting standards, they are accepted simplified constructs to represent a company’s performance. Though imperfect (and evolving), standards enable comparability (without preventing additional information to be provided) and only fulfil their role in practice if they are mandatory. The European Financial Reporting Advisory Group’s Project Task Force issued its final report to prepare for “the elaboration of possible EU non-financial reporting standards in a revised EU Non-Financial Reporting Directive”. The European Union plans to announce its standards in April 2022. However, because the economy is global, what is really needed are standards that are also global, in addition to being independent and rigorous. The EU has shown an interest in building up an international forum: with seven countries representing 55 % of the world’s greenhouse gas emissions and half of the world’s population and GDP, the EU launched the International Platform on Sustainable Finance (IPSF). Although the IPSF is not a standard-setting body, its work is aimed at preparing the ground for the international standard setters to develop globally applicable sustainable finance standards. As noted in the first IPSF annual report, the absence of coherent definitions of green investments (taxonomies) at the global level, and the low degree of standardisation of reporting, represent a limit to green and sustainable finance worldwide. Around the world, several countries have drawn up roadmaps for sustainable finance; various public and private bodies have also introduced frameworks to enhance standardisation. However, these uncoordinated initiatives tend to reflect local priorities and stages of market development and: they cause fragmentation. The need to overcome this situation is also recognized in the EU-US agenda for global change announced a few weeks after the election of Joe Biden. The transatlantic initiative contemplates jointly designing a global regulatory framework for sustainable finance, based on the experience of the EU taxonomy. This illustrates the leading role that Europe is in a position to play as other major economies start to prioritize a coordinated response to climate change. There is obviously a risk that collective action fails and that each entity insists on imposing its own standards rather than working towards global ones. In particular, there is a risk that the EU decides that because it can mandate standards, it should do so. Unless these are endorsed by market forces, such standards might trigger a mere compliance exercise, with little benefit to companies, investors and society as a whole. If, however, the EU recognizes that it could be at the forefront of an international effort to help global standards emerge, it will be able to foster joint work with other bodies, such as the Impact Management Project, which has engaged in an effort to reconcile the various sets of existing standards, the World Economic Forum International Business Council , which can harness commitment from the corporate community, and the Sustainability Standards Board established in September 2020 to sit alongside the International Accounting Standards Board and engage in a similar role establishing international reporting standards. Were the EU to take on the role of midwife, it could deliver to the world the standards for nonfinancial information that US and Asian companies will adopt. Meanwhile a race started since the SEC proposed in March 2022 rules regarding compulsory climate-related disclosures. by Geneviève Helleringer , 28.03.22 Source : Knowledge Lab Essec

Paris Business Leadership Conference Transformation and Digital Executives Register Now! In-Person Event | 2023 Attending Companies Discover More Why Attend our Event? Exclusive Content – Trend-forward sessions – with tons of practical takeaways and ideas to keep you ahead in the digital space. Brilliant Speakers – Gain in-depth guidance from expert speakers on fine-tuning your technologies used, risk management and the industry best practices Network with leading solution providers – As a delegate, you will experience cutting-edge technology from solution providers that can fulfil your business requirements. Showcase of Technology solutions - Gather practical perspectives from many real-world use cases shared by the market’s leading players, including early adopters and leaders from across the region. Key Topics After the difficult past few years, economies are slowly being restored. This is an opportunity for us to build back better, more sustainably and responsibly. Our Business Leadership conference aims to bring leaders together to discover new ideas and exchange new insights. The expectations among our business pioneers are extremely high for reuniting physically, and this is why Feyz International is bringing the new Business Leadership conference to the best hotels which will be enriched with inspiring talks, relevant content and effective networking. This conference will give you an opportunity to recognize solutions that will bring value to your business. With the new trends and cutting-edge technologies, businesses need to adopt and adapt to them to increase their efficiency. Not only you will have the chance to brainstorm on current issues but valuable advice from keynote speakers will be brought forward. Talent, Culture & The Future of Work AI, Data & Analytics Metaverse, Blockchain & Cryptocurrencies Leadership & Business Transformation Cybersecurity, Data Protection & IT Risk Management Privacy & Ethics in a Digital Society The Agenda The event's dynamic agenda will take you through a series of roundtable discussions, real-life use cases, and dedicated industry tracks, giving you a bird's eye view of the current market situation, the latest technological innovations and strategies for propelling your organization to meet the unique challenges of these unprecedented times. Our Upcoming Events