The current and rising themes in the ESG space
- Net Zero declarations not supported by company decarbonisation plans
- Treatment of workers are impacting corporate bottom lines
- ESG issues reach the C-Suite and Boardroom
The UK Chancellor Rishi Sunak announced plans “to finance the green industrial revolution” as part of the response to fix public finances after the pandemic, heralding a potential blueprint for other governments. Sunak announced the creation of a UK Infrastructure Bank that will contribute at least £40 billion of investments in public and private projects – with a focus on the offshore wind industry. Sunak intends “to position the City as the global leader for voluntary, high quality carbon offset markets.” This comes as companies and governments that have committed to Net Zero pledges face increasing scrutiny. In the run-up to COP 26, expect to see significant improvements and growth in the markets for carbon pricing and offsetting as a means of achieving Net Zero pledges.
Reporting has been described as cracking the code towards shifting the dial from activity to impact. But as reporting requirements continue to grow and become more complex and technical, the code for many is feeling harder to crack.
15 December 2022