What motivates industries to reduce their environmental impact? In order for businesses to be transparent with their investors, they need to have consistent, reliable data on all possible sources of pollution. Rather than focusing exclusively on the benefits their products offer, industries should maintain straightforward reporting standards to be cooperative with all parties involved. With clear emissions data disclosed up and down the value chain, the scope of its environmental impact can lead to effective climate action.
The lack of corporate transparency in self reporting emissions target milestones is one of the major stalling points when it comes to action against global climate change. With proper reporting practices aligned with SEC standards, increased transparency can encourage all parties involved to be more honest about their environmental impact and how mitigating the effects of climate change would retain the value of their investments. That way, a financial incentive to disclose emissions data opens up.