Global S&T Development Trend Analysis Platform of Resources and Environment
Towards more sustainable and transparent investments? | |
admin | |
2020-06-25 | |
发布年 | 2020 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
正文(英文) |
The European Commission is pondering changes to its guidelines for reporting by large companies (more than 500 employees) on non-financial issues. This includes environmental and social impacts of the company’s activities. The goal of the revision is to bring the current non-financial reporting guidelines in line with the European Green Deal – potentially forcing companies to disclose how they impact society, the environment and related legislation. This would give not only customers but also investors more clarity when interacting with large companies – making investments more sustainable. The new guidelines need to be ambitious and really help stakeholders understand the climate impacts of companies, and how they plan on addressing those impacts. There are already guidelines on reporting climate change impacts, but these are non-binding – meaning companies can choose to follow them. There is a need for legally binding climate change reporting from large companies – forcing them to disclose general climate change-related information, such as:
Additionally, there is also a need for more transparency related to carbon markets and especially the EU emission trading scheme (EU ETS) – enabling policymakers and civil society to review how companies comply with the EU ETS, and how they use carbon trading globally. This could be used during the review of EU climate policy and includes:
While this seems like a long shopping list, it’s important to remember that we’re talking about companies with more than 500 employees, including big banks and industrial giants. Forcing them to disclose this information would not significantly burden them. On the other hand, each of these elements would help us – as customers, but also as taxpayers and investors through for example pension funds – to be informed about what companies are actually doing to help in the struggle against climatic breakdown. Making large companies disclose information as described above would give us a clear picture of whether or not these companies are taking the climate issue seriously. If they’re not, having to be transparent about it, could make them reconsider their position and take due action. Public consultation on this issue closed recently. As the way forward, we urge the European Commission to propose changes to the non-financial reporting directive as soon as possible. In the spirit of the EU Green Deal, the directive should include stringent climate requirements and force companies to provide more transparency on whether they are addressing climate change, and if so: how? |
URL | 查看原文 |
来源平台 | Carbon Market Watch |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/277731 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | admin. Towards more sustainable and transparent investments?. 2020. |
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