The British Approach to the World’s Best Framework for Climate-Related and Sustainability-Related Financial Disclosure
Filippo Amone (Fondazione Eni Enrico Mattei); Stefano Pareglio (Fondazione Eni Enrico Mattei)
Sustainability, and more specifically climate change, are finally playing a larger role in policymaking processes, as their implications and repercussions have an impact that can no longer be ignored. The Paris Agreement at COP21 has played its part, inducing governments to clarify their national commitments (NDCs) towards reducing carbon emissions and making polluters more accountable for their actions. COP21 led not only to government commitments, but also to a rapid increase in public (and thus investor) awareness on this topic. And with awareness comes information, or better, demand for more information, more data. In the aftermath of the financial crisis, investors have become eagerly averse to systemic risks, and are requesting firms to disclose their efforts to tackle climate change in terms of risk mitigation and seizing opportunities.