In a world grappling with climate change and environmental degradation, international treaties aimed at global cooperation are more important than ever. One of the most successful environmental agreements to date is the Montreal Protocol, which was established in 1987 to address the depletion of the ozone layer caused by chlorofluorocarbons (CFCs) and other ozone-depleting substances (ODS).

In recent years, Environmental, Social, and Governance (ESG) criteria have become a cornerstone in the landscape of corporate accountability and sustainability. Companies globally are increasingly recognizing the importance of ESG reporting as stakeholders demand transparency regarding their environmental and social impacts.

As the impacts of climate change become increasingly apparent, the need for immediate and effective action has never been more urgent. The European Union (EU) has responded to this challenge with the European Green Deal, an ambitious plan to transform its economy and society to achieve climate neutrality by 2050.