The Irish Times view on new corporate responsibility rules for business: cutting the risks of ' greenwashing”

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The move this week to sign into Irish law the Corporate Sustainability Reporting Directive (CSRD) is welcome and will increase pressure on companies to cut emissions

The move this week to sign into Irish law the Corporate Sustainability Reporting Directive is welcome and will increase pressure on companies to cut emissionsCooling towers at a lignite coal-fired power plant, in Peitz, Germany. New rules are to increase the onus on companies to reduce emissions: Addressing climate change is among the biggest challenges of our time.

Addressing inequality should be central to tackling climate change. That is why the move this week to sign into Irish law the Corporate Sustainability Reporting Directive is welcome. The rationale behind the CSRD is to confront a growing level of corporate greenwashing. Many companies have laudable sustainability objectives, but far too often when there is an audit of these companies, there is a yawning chasm between what they claim and what they achieve.

 

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