There has been much discussion and debate around the effectiveness of environmental, social and corporate governance (ESG) scores, with calls for better standardisation and transparency on the procedures around the ranking process.
With sustainability now a critical consideration for governments and businesses worldwide, the European Union recently announced plans for the Corporate Sustainability Reporting Directive (CSRD), a piece of legislation with the potential to redefine the landscape of environmental, social and corporate governance (ESG) reporting.
Aviation holds a controversial position in the debate around climate change. Although the sector accounts for between two and three per cent of total global carbon emissions, flying is subject to far more discussion than, say, the production of cement, which accounts for eight per cent.
The future of the United Kingdom’s position as a leader of the global green transition is uncertain. The UK has historically led the way in key regulatory areas such as corporate disclosure and was the first economy to commit to becoming net zero by 2050.