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Tuesday May 24 2022

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    "At SCOOP we don’t demand exclusivity and actively encourage farmers to find new and better markets for themselves." Pic: Cotswolds farmer by David George

    Paying farmers 75p for each £1 consumers spend on their produce

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    Grains of wheat pictured at a mill in Beirut, Lebanon, March 1, 2022. REUTERS/Mohamed Azakir

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    "At SCOOP we don’t demand exclusivity and actively encourage farmers to find new and better markets for themselves." Pic: Cotswolds farmer by David George

    Paying farmers 75p for each £1 consumers spend on their produce

    A worker handles wheat delivered to a milling facility in Chouf, Lebanon. Pic: Hasan Shaaban/Bloomberg

    Bank of America: Food shocks will destabilise ESG

    "World leaders should see hunger as a global problem urgently requiring a global solution"

    The Economist: The coming food catastrophe

    Pollutants cited by the researchers as increasing obesity include BPA, which is widely added to plastics. Photograph: Jonathan Brady/PA

    Environmental toxins worsen obesity pandemic

    President Joe Biden has called for ideas to help end hunger

    Call for ideas: White House seeks to end hunger in the US by 2030

    Signing ceremony of PAGES, in Brazil’s state with the highest poverty and food insecurity rates. Pic: IFAD/Tayna Abreu

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    A pre-school age girl helps her parents pick out veggies in the produce section at the grocery store. She is reaching for a red pepper.

    Exploding the five fat myths of ethical food

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    "At SCOOP we don’t demand exclusivity and actively encourage farmers to find new and better markets for themselves." Pic: Cotswolds farmer by David George

    Paying farmers 75p for each £1 consumers spend on their produce

    A worker handles wheat delivered to a milling facility in Chouf, Lebanon. Pic: Hasan Shaaban/Bloomberg

    Bank of America: Food shocks will destabilise ESG

    "World leaders should see hunger as a global problem urgently requiring a global solution"

    The Economist: The coming food catastrophe

    Pollutants cited by the researchers as increasing obesity include BPA, which is widely added to plastics. Photograph: Jonathan Brady/PA

    Environmental toxins worsen obesity pandemic

    President Joe Biden has called for ideas to help end hunger

    Call for ideas: White House seeks to end hunger in the US by 2030

    "People need time at point of sale to learn to eat in a way that protects the planet"

    Shifting to care – the benefits of being the most inconvenient supermarket

    A pre-school age girl helps her parents pick out veggies in the produce section at the grocery store. She is reaching for a red pepper.

    Exploding the five fat myths of ethical food

    if it seems too cheap, it is too cheap. There’s something wrong somewhere along the way.”

    ‘Why’s chocolate so cheap?’: Aussies call for transparency

    Ukraine could lack seeds for grain crops for years

    Ukraine could lack seeds for grain crops for years

    Grains of wheat pictured at a mill in Beirut, Lebanon, March 1, 2022. REUTERS/Mohamed Azakir

    IMF, World Bank, WFP and WTO urge coordinated action on food security

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    "At SCOOP we don’t demand exclusivity and actively encourage farmers to find new and better markets for themselves." Pic: Cotswolds farmer by David George

    Paying farmers 75p for each £1 consumers spend on their produce

    A worker handles wheat delivered to a milling facility in Chouf, Lebanon. Pic: Hasan Shaaban/Bloomberg

    Bank of America: Food shocks will destabilise ESG

    "World leaders should see hunger as a global problem urgently requiring a global solution"

    The Economist: The coming food catastrophe

    Pollutants cited by the researchers as increasing obesity include BPA, which is widely added to plastics. Photograph: Jonathan Brady/PA

    Environmental toxins worsen obesity pandemic

    President Joe Biden has called for ideas to help end hunger

    Call for ideas: White House seeks to end hunger in the US by 2030

    Signing ceremony of PAGES, in Brazil’s state with the highest poverty and food insecurity rates. Pic: IFAD/Tayna Abreu

    Food security meets Amazon protection in new UN project

    Man holding his chin facing laptop

    Companies urge convergence on climate reporting standards

    The G7 announced no action to protect children from trafficking and forced labour. Children working in Benin. Pic: Degan Gabin

    OECD to help G7 nations achieve sustainable agrifood

    A pre-school age girl helps her parents pick out veggies in the produce section at the grocery store. She is reaching for a red pepper.

    Exploding the five fat myths of ethical food

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Home Topics Economy

Schroders joins WWF in calling for swift EU anti-greenwashing laws

Big business will have to report on how they impact society and the environment

by May Davies
January 28, 2022
in Data, Business, Governance, Sustainability, Rights
Reading Time: 2 mins read
0
Businesses will have to report eco impacts under Europe’s proposed Corporate Sustainability Reporting Directive Pic: Towfiqu Barbhuiya

Businesses will have to report eco impacts under Europe’s proposed Corporate Sustainability Reporting Directive Pic: Towfiqu Barbhuiya

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A coalition has warned against delays to Europe’s proposed Corporate Sustainability Reporting Directive.

Asset manager Schroders joined ShareAction, the UN-convened Principles for Responsible Investment (PRI), World Benchmarking Alliance and others in supporting continued momentum for the directive.

They say the reform would enter into effect next year, with companies having to start collecting data from January 1st on indicators including greenhouse gas emissions and energy use.

The directive is designed to help the EU switch capital flows toward a more sustainable economy and to avoid greenwashing.

It will allow investors to consider Environmental, Social, and Governance (ESG) factors in their investment decisions and help civil society assess companies’ impacts.

The signatories said new mandatory reporting will reduce costs to business in the medium to long term by reducing the number of requests for sustainability information they receive.

“Double materiality shows EU leaders consider impact globally”

“Implementing the EU standards is instrumental to help companies provide relevant information that is needed by… investors, financial market participants and civil society… and in line with commitments on climate, environment and human rights,” the letter says.

It urges the EU to reach agreement promptly “in order to support swift implementation.”

The letter says the proposed directive provides certainty to companies, as well as to investors.

“Any delay will have a negative impact on the ability of companies and financial market participants to support the sustainability transition of our economy.

“Moreover, it will put at risk the EU Green Deal and hinder the implementation of the Renewed Sustainable Finance Strategy,” it says.

There has been some resistance to the double materiality proposed, which means businesses will start to report on how they impact society and the environment. This is in addition to reporting on how sustainability issues might affect their company’s fortunes.

The letter calls for maintaining the double materiality concept, for reasons including “demonstrating EU leadership to promote the consideration of impact globally.”

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Tags: Green DealESGWorld Benchmarking AllianceEuropean UnionSchrodersInvestmentWWFSustainability
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May Davies

May Davies

May Davies is a founding contributor to Quota. She is a freelance writer specialising in food systems delivered by the business and policy sectors. Contact MayDavies@quota.media.

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An employee harvests tomatoes at a Cofco infoor farm near Beijing.Photographer: Qilai Shen/Bloomberg

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