The European Financial Reporting Advisory Group (EFRAG) has released its first draft sustainability standards, refocusing on the importance of double materiality for both EU-based companies and those doing business in Europe.
Polarised politics and energy security pressure caused by the Ukraine war has raised the question of whether politicians are willing or able to build commitment to net zero. Given rapid increases in energy costs and materials and the knock-on economic effect, it’s important to understand the extent to which net-zero targets can or should be considered inflationary.
The EU has announced a €210 billion plan to accelerate the shift to net zero while decreasing reliance on Russian gas. Driven by both climate and energy security concerns, the bloc’s REPowerEU strategy will see the overall clean energy target increased to 45% by 2030.
Should the UK introduce ESG regulation to help track and monitor ESG standards, criteria, and frameworks for businesses?
As the role of ESG in markets becomes increasingly important, the question arises as to whether ESG regulation should be introduced in the UK and if so how?