European corporate disclosures on climate change and other sustainability issues...
LONDON - European corporate disclosures on climate change and other sustainability issues are generally poor, a study on Monday showed, as regional policymakers mull toughening up the rules.
Making sure the directive is fit for purpose is a crucial component of the EU’s 1 trillion euro European Green Deal, which aims to cut carbon emissions to net zero by 2050. The Paris deal aims to cap the average global temperature rise to well below 2 degrees Celsius by 2050, compared with pre-industrial norms, to limit the impact of weather-related disasters that could kill hundreds of millions of people and drastically impact the world’s economy.
“We need to be careful not to provide criteria that are too detailed or to over-regulate companies, but there is a clear space and need for very targeted sector-specific clarifications on mandatory requirements for reporting.”
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