Sustainability disclosures by European companies generally poor: study

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.”

Whether climate change is real or not, these goals and many more will never be met! What a joke on the world!

RT : Sustainability disclosures by European companies generally poor: study

Shocker, but I’m glad we’re finally addressing it (I guess?)

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Companies are tying their loans to measures of do-gooderySustainability-linked loans are not linked to specific projects. Borrowers are simply rewarded (or penalised) based on their performance on specific measures ' WORK, CONSUME & SHUT YOUR MOUTH ' This is an extremely bad 'do-goodery' ... not to mention, junk journalism. C'mon The Economist! You can do better than this. Wires crossed, sustainability is to do with science not finance. Loans are taken advantage of before disposing of the lenders or treating them with contempt hence financial fraud and embezzlement scandals. Equating the two is rather fallacious. Research firms prefer state funding
Source: TheEconomist - 🏆 6. / 92 Read more »