A Sunrun worker carries a solar panel for installation on a Las Vegas home in August
After years of conference room discussions and think tank white papers calling for new rules to push companies to detail the risk climate change poses to their business, a new era of climate disclosure is finally upon us.
Over the last year, rules requiring companies to publicly outline their climate vulnerabilities and plans to decarbonize have taken off. The European Union’s, which goes into effect in January, will require companies to disclose material risks that climate change poses to corporate bottom lines as well as how companies’ operations materially impact the environment. The U.S.
The corporate world has been split on this emerging trend. Companies who are already adapting to climate change support it, given that the rules will help the public identify which businesses are doing well and, in doing so, create new benchmarks for companies and industries. But on the other hand, some companies fear these disclosures will uncover negative things about their operations.
Study author Michael Greenstone, a professor of economics at the University of Chicago, boils it down to: “Some firms are making the same things as peers, but they’re doing it in a much dirtier way.” study doesn’t name names, but as disclosure rules take effect we’ll soon be able to put names to numbers. From the outset, that information should help consumers and businesses make climate-friendly choices.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Help wanted to solve Newport mysteries as 6,000 archived photos find new homeNewport's history society has relaunched a photographic project featuring over 6,000 images - and is appealing for help in solving some mysteries.
Read more »
Residents told they have 35 days to find £200-£300 extra in rentA town centre resident says he will not be paying after he was hit with a “huge” rent rise on just over a months’ notice for his One Clarendon…
Read more »
Treasure trove perched on library shelf is 'once in a lifetime find'Photos showing Captain Robert Falcon Scott’s rescue from the Antarctic in 1902 have been found in Leeds central library
Read more »
'Please help us find our minibus' - specialist school makes desperate plea for return of stolen busA specialist school in Lostock has made a desperate plea to have their white minibus returned after it was stolen from the grounds yesterday evening.
Read more »
Police 'urgently seeking assistance' to find missing teenagerIn a separate appeal, police say they are 'increasingly concerned' for wellbeing of a missing 49-year-old man
Read more »