Whether mandated through legislation or pressured by stakeholders, your business will need to measure and disclose its environmental impact, sooner than later.
Whether you’re looking to report and disclose now, or just want to get a head start on your sustainability, FutureTrack can help.
Emissions measurement sets the foundation for your sustainability journey, so it is vital that it is done right. FutureTrack’s fully guided measurement tool allows you to accurately calculate emissions from sources in Scopes 1, 2, and 3, with no prior knowledge or experience needed.
Heightened environmental disclosure and reporting requirements are being legislated around the world and across a broad scope of businesses and sectors. Current and proposed regulations differ from country to country and sector to sector, but usually involve one or more of the following:
Disclosure of carbon footprint across Scopes 1, 2, and some of Scope 3 annually.
Disclosure of emissions reduction pathways, aiming for net-zero by 2050.
Disclosure of climate-risks, often in accordance with the TCFD.
Developed economies are on an unsustainable trajectory with regards to the climate and there is a growing realisation that profit over planet is no longer acceptable. That’s why pressure is growing on companies, especially financial services companies, to be part of the solution. They are the key engine to the whole economy, and therefore are vital in tackling the challenges.
UK lawmakers are drawing up the new rules and the legislation is expected to come into force in 2023. There are already existing requirements for large companies to publish information about the climate risks of their business operations and investments. It is anticipated that TCFD-aligned disclosures will be fully mandatory across the UK economy by 2025.
The direction of travel is clear – sweeping rule changes are on the way across the globe.