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The implementation of separate collection of organic waste in Cyprus represents one of the most decisive steps toward modernising the country’s waste management system. Although, since 2024, Local Authorities have had a legal obligation to introduce separate collection of food waste — as this constitutes an obligation for EU Member States — the process was delayed, mainly due to the parallel reform of Local Government.

As the cost of living continues to strain households across Europe, a growing contradiction is becoming harder to ignore. While many families are spending more on groceries and cutting back on essentials, millions of tonnes of edible food are still wasted every year. In response, the European Union has introduced its first ever legally binding targets to reduce food waste, signaling a shift from voluntary commitments to enforceable policy.

Europe has long been a pioneer in establishing mandatory obligations for companies to report on Environmental, Social, and Governance (ESG) parameters. While social expectations and investor pressure for ESG transparency have intensified, the absence of uniform regulation historically resulted in fragmented and incomparable reporting practices across companies.

Sustainability isn’t slowing down. It’s speeding up. In a year marked by political pushback and regulatory rollbacks, many expected businesses to retreat from sustainability. But our International Business Report (IBR) data tells a different story.

Στην παρουσίαση της Grant Thornton με θέμα "Μετασχηματίζοντας την Τοπική Επιχειρηματικότητα - Ο Δρόμος προς τη Βιώσιμη Ανάπτυξη", παρουσιάστηκαν πρόσφατα παραδείγματα έργων που αναδεικνύουν πώς οι επιχειρήσεις, με ξεκάθαρη στρατηγική, συγκεκριμένο σχέδιο δράσης και δέσμευση της διοίκησης, κατάφεραν να ενισχύσουν το επιχειρησιακό τους πλαίσιο και την ανταγωνιστικότητά τους.

Expanding into new international markets can be challenging due to the many issues to consider and resolve. Our Unlock Cyprus service can provide expert advice and insight to support you every step of the way. From helping you find the best location, to setting up a branch or subsidiary, we are committed to providing pragmatic and timely advice that allows you to focus on achieving your business goals.

In recognition of World Environment Day, we are honoured to share a timely conversation with Professor Manfred A. Lange, a distinguished climate scientist with a particular focus on water and energy security.

World "Zero Waste Day" serves as a powerful reminder of the critical need to address waste across all sectors. This year's theme, "Towards Zero Waste in Fashion and Textiles," highlights the significant impact of the fashion industry on global waste and the environment. The fashion and textile industry has long been a major contributor to environmental degradation, and as demand for fast fashion continues to grow, it is essential to rethink production, consumption, and disposal practices to reduce waste and promote sustainability. Valued at USD 1.3 trillion and employing over 300 million people globally, the industry is a significant economic force with a substantial environmental footprint.

With the slogan "Right to food for a better life and a better future," World Food Day brings to the forefront one of the most serious challenges of our time: food waste. Every year, millions of people suffer from hunger and food insecurity, while about one-third of the food produced globally ends up in the trash. This paradox not only highlights social inequalities but also worsens environmental issues such as climate change, as food waste also means wasting resources like water, energy, and labor.

In an era defined by climate change, businesses are increasingly recognizing the critical need to take real action. "Net zero" has evolved from an environmental goal to a core business imperative, shaping strategies for long-term success and resilience. As the global economy slowly but steadily shifts toward sustainability, companies that fail to adapt, risk being left behind. Achieving net zero emissions is no longer just about environmental responsibility—it's a pathway to innovation, financial stability, and future-proofing operations in an unpredictable world. A resilient future depends on businesses that lead the charge toward carbon neutrality.

In the effort to combat the global climate crisis, a significant number of usually large corporations have made commitments to achieve Net - zero emissions or Carbon Neutrality goals by 2050. Becoming either ‘climate neutral’ or achieving ‘net-zero’ means reducing greenhouse gas emissions (GHG), but it also means compensating for any remaining emissions through offsetting.

🌿Given the current levels of resource use, it is estimated that we are using Earth’s resources 1.8 times faster than our planet’s biocapacity can regenerate. In other words, in 1 year we use 1.8 earths! The use of materials has sharply risen in the last 50 years. Read the latest article by our Sustainability Senior Consultant Anastasia Ellina ♻️🌍

By the end of 2023, the EU Non-Financial Reporting Directive (NFRD) will be in force. The NFRD requires large public interest companies and listed companies to prepare and publish information related to their sustainability performance (society, environment, governance (ESG)) on an annual basis.

Businesses need to open their eyes to the benefits of measuring and valuing natural capital says global leader for energy & cleantech Nathan Goode.