The International Sustainability Standards Board and the European Commission are implementing new obligatory non-financial reporting necessities, with the previous releasing its inaugural requirements for world capital markets and the latter growing requirements as a part of the EU’s Corporate Sustainability Reporting Directive. These requirements will take impact from 2024, however is probably not as expensive or troublesome to fulfill as companies concern. With sturdy GHG reporting, companies can combine sustainability measures into present monetary techniques and processes, and this may be achieved successfully by way of collaboration between finance and sustainability professionals. The article supplies an eight-step roadmap to realize investor-grade GHG reporting.
Many companies at the moment are monitoring their greenhouse fuel (GHG) emissions and taking steps to curb them. However, the hassle has not been coordinated or complete. While information from current analysis signifies most firms report some emissions information, just one in 10 firms in 2022 absolutely measured GHG emissions together with Scope 3 emissions associated to their enterprise and worth chain, in accordance with the Boston Consulting Group.
