Participants:

• CDP
• Ecovadis
• Intuit
• Nordea
• Oxford
• WBCSD

Businesses are experiencing increasing demands – and incentives – to disclose their greenhouse gas emissions.

Many businesses are already mandated by law to report their climate impact, and many more will be in the near future, as reporting legislation expands in scope.

However, even businesses that are not legally mandated to disclose emissions still choose to do so. These disclosures enable businesses to meet the requirements of stakeholders like investors, or to validate their sustainability efforts to consumers.

Despite the growing importance of emissions reporting, businesses currently report in a myriad of different formats, making it difficult to compare climate performance across businesses. When coupled with the lack of transparency in ESG and sustainability metrics, this can allow companies to appear committed to net zero without making meaningful progress towards that goal – eroding trust in the concept of net-zero as a whole and stalling progress toward global climate targets.