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Macron, Bloomberg seek better monitoring of business climate action

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French President Emmanuel Macron and U.N. Special Climate Envoy Michael Bloomberg on Friday announced creation of a new committee as part of efforts to enhance transparency to monitor business climate actions through an open data platform.

International leaders and more investors have been agreeing on the need to improve transparency about climate action, with activists accusing companies of "greenwashing" with splashy announcements of programmes that do little to reduce overall greenhouse gas emissions.

The proposed new committee will bring together international organisations, regulators, policy makers and data service providers charged with designing an open-data public platform that will collect and standardise net-zero transition data in the private sector.

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