Germany's NewClimate Institute has produced the Corporate Climate Responsibility Monitor report, evaluating the transparency and integrity of climate pledges of 51 major companies across different sectors and geographies.
Richard Howitt welcomes Frederic Hans and Thomas Day, co-authors of the report to discuss their findings and key recommendations to companies on their journey to net-zero.
In this episode, you’ll find more about:
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“There are three things to what makes a good leader. The first one is having a holistic and credible transition plan. An example of that is the Volvo Group, they set very credible targets in the short term towards 2030, what they want to achieve in terms of selling zero emission vehicles. They also set very specific actions and measures on what they want to achieve in terms of procurement of low carbon steel. Besides the transition plan, there are different other aspects of being a leader. For example, being transparent and proactive in communicating what our progress really looks like. How do we influence the relevant processes at the regulatory level, at the voluntary initiative level, in order to improve the system? Lastly, there is the forward looking planning for a just transition: How do our transition plans affect communities, employees, suppliers, etc.”
What’s the verdict on how well first-wave companies have been reporting according to the Corporate Sustainability Reporting Directive? Listen to Frank Bold’s own Lorena Bisignano and Louis Establet
What will Omnibus 1 mean for the future of sustainability reporting in the EU and beyond? Listen to Julia Otten, Senior Policy Officer at Frank Bold and Andreas Rasche, Assistant Dean and Professor of Business in Society at Copenhagen Business School
Is this the start of a B Corps revolution? Listen to Bernard Gouw, Senior Social Standards Manager at B Lab Global, and founder of the natural skincare brand Beauty Kitchen, Jo Chidley
