This article is sponsored by HP.
For stakeholders to assess and compare the risks and opportunities of companies operating amid intensifying threats of climate change, there must be measures of accountability underpinned by transparent, standardized reporting.
The regulatory regime is quickly evolving around the world as investors, customers, employees and other stakeholders increasingly demand this higher degree of corporate transparency. For example, the EU’s proposed Corporate Sustainability Reporting Directive would give “comparable status” to sustainability and financial reporting. In the U.S., the Securities and Exchange Commission’s (SEC) proposed climate disclosures would require disclosure about material financial risk posed by climate change, assured greenhouse gas (GHG) emissions and more.