Sustainability disclosures by European companies generally poor - study

(Reuters, 17 Feb 2020) While 36% of firms had set a climate target, only 14% of companies had ensured they aligned with the 2015 UN-backed Paris climate deal

By Simon Jessop

LONDON, Feb 17 (Reuters) - European corporate disclosures on climate change and other sustainability issues are generally poor, a study on Monday showed, as regional policymakers mull toughening up the rules.

The European Union's Non-Financial Reporting Directive came into force in 2018 and requires companies to disclose how they manage a range of social and environmental challenges, but stops short of specifying what companies should report. It is now assessing the rule's effectiveness and what may need to change.

Making sure the directive is fit for purpose is a crucial component of the EU's 1 trillion euro ($1.1 trillion) European Green Deal, which aims to cut carbon emissions to net zero by 2050.

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Reuters, 17 Feb 2020: Sustainability disclosures by European companies generally poor - study