NGOs call for heightened standards on corporate sustainability reporting

, NGOs call for heightened standards on corporate sustainability reporting, The Circular EconomyAn alliance of NGOs has called for the European Union’s Non-Financial Reporting Directive (NFRD) to be reformed to ensure that more corporates are disclosing relevant climate-related information.  The EU NFRD reporting mechanism was created to ensure that the impacts of sustainability are considered more broadly throughout the whole business.  The Climate Disclosure Standard Board’s (CDSB) “Falling short?” report, for example, states that 78% Europe’s 50 largest listed companies, which have a combined market capitalisation of $4.3trn, are failing to report climate-related risks, despite both NFRD and the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) calling for such data to be included. 

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