Frequently, when questioned over inaction on climate change, business leaders say they are waiting for clear, standard guidance from governments and regulators on how to tackle the issue. That guidance is now imminent, but it won’t come without costs for business.
This month the EU is expected to reveal the final set of European Sustainability Reporting Standards and, later this year, the U.S. Securities and Exchange Commission is due to implement its new regulations for climate disclosures, compelling U.S.-listed companies to declare Scope 3 emissions and prove they are making progress on environmental goals.
