Free webinar: How to measure net zero success
In this webinar, experts will explain why a standardized framework is key for businesses to measure net-zero success. We will discuss why the financial sector is particularly impacted, what optimal net-zero success looks like, and what businesses should do now to prepare.
Only 21% of US public companies currently disclose their carbon emissions, though an SEC proposal aims to bring that number to 100%. On the other side of the Atlantic, upcoming EU legislation will require 50,000 companies to report their sustainability impact beginning with the 2023 financial year.
Reporting carbon emissions is more than a legal hoop to jump through – it’s a way to understand a business’s climate impact and measure progress toward climate targets. To achieve this, stakeholders need transparent metrics comparable across businesses, industries, and regions.
However, there is not yet a global standard for measuring corporate progress toward net-zero emissions. Instead, businesses use a variety of different frameworks to disclose emissions for legislative requirements, investor demands, and sustainability reports – making comparisons nearly impossible.