The draft of its new Corporate Net-Zero Standard proposed the separation of Scope 1 and 2 reporting and expects companies to commit to using cleaner energy by 2040. It also addressed the use of carbon credits to address residual emissions.
Ahead of mandatory reporting, nearly all small-cap issuers now disclose at least one of TCFD's 11 recommendations, a market regulator study finds. But Scope 3 emissions – still without a fixed disclosure deadline – remain a major challenge.
Carbon capture and storage has been hailed as a potential way to reduce emissions, but it is more likely to increase them by boosting oil and gas extraction. The cheaper and more effective solution is to move to cleaner forms of energy.
Oleh
Kevin Morrison
Beyond investors, consumers should also be empowered to critically use sustainability reports to assess a company's sustainability credentials. Here are five steps they can take to start reading reports using GRI standards.
Oleh
Hendri Yulius Wijaya
The climate non-profit's head Sherry Madera insists there are just 450 questions, not over 5,500 as some industry players have cited, in its new questionnaire, which has faced pushback for failing to ease disclosure burden as intended.