Listen to Richard Gardiner, EU Public Policy Lead of the World Benchmarking Alliance.
In the week of the 27th UN Climate Conference, Frankly Speaking, welcomes Richard Gardiner, EU Public Policy Lead of the World Benchmarking Alliance which has launched its new financial system benchmark, assessing 400 of the world's major banks, asset owners, asset managers and insurers on their sustainability performance. We talk about the role of finance in Europe's proposed Corporate Sustainability Due Diligence Directive, the need for concrete pathways to achieve 2050 climate targets, the missing peer pressure, and the interaction of disclosure and due diligence requirements. Listen in and share our conversation!
We talk about the role of finance in Europe's proposed Corporate Sustainability Due Diligence Directive, the need for concrete pathways to achieve 2050 climate targets, the missing peer pressure, and the interaction of disclosure and due diligence requirements.
Listen in and share our conversation!
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2022 Financial System Benchmark by World Benchmarking Alliance → bit.ly/FinancialSB22
“If investors and financiers are empowered to go to the companies they invest in to say, I want to stay invested in you, but I can only do so if you change some of your practices. Then it will allow them to explain to their clients that they're looking for long-term returns. It's part of their legal mandate and ultimately, in the long term, they will benefit from this. Investors should think of the regulation as a long-term tool as well, and one that is meant to help them achieve their goals.”
There's very little pressure being applied to companies by investors looking at how they're actually behaving and treating human rights as a core business priority. This needs to change.
Investors shouldn't just take companies' word for what they're doing; they should investigate what the companies are actually doing regarding human rights.
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.
