The Covid-19 crisis made people pay more attention—not less—to burning environmental issues such as climate change. The call for global climate action today is urgent, and companies are starting to recognise the need to reduce their greenhouse gas emissions—not just for the planet, but for the benefit of their own business.
However, in a survey carried out by the Boston Consulting Group in October 2022, only 10 per cent of 1,600 companies with 1,000 employees or more and revenues ranging from approximately 100 million to over 10 billion US dollars, across 14 major industries and 18 countries, said that they measure their emissions comprehensively (scope 1, 2, and 3), a one per cent increase compared to 2021. In the survey, respondents also estimated a 25 per cent to 30 per cent average error rate in their emissions measurements.
Linda Zeilina, CEO at the International Sustainable Finance Centre (ISFC) and a member of the EU Platform on Sustainable Finance, speaks with Andrew Wrobel about the EU taxonomy of sustainable economic activities, a tool helping investors understand whether an economic activity is environmentally sustainable and navigate the transition to a low-carbon economy.
They also talk about sustainability education and finally about the CEE Sustainable Finance Summit, taking place on May 15-19, 2023, in Prague, Czechia, which is a specialised event focused on sustainability in finance and business in the emerging Europe region.
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