The latest report by the IPCC (Intergovernmental Panel on Climate Change) report of August 9 reminded us (if it were necessary) of the imperative of greening and carbon neutrality. So how should companies approach this imperative of carbon neutrality? Today's managers face two major challenges:
- Understand and integrate a French and European regulatory framework that has been in full swing and accelerating since 2020, in order to define a common framework and vocabulary shared by companies, investors, customers and their employees. For companies, the challenge is to anticipate these new requirements in order to deal with them effectively.
- Produce results on a daily basis and provide proof of the transformation. Indeed, the majority of companies, spurred on by the regulator and consumer demand, have now made commitments, with a commitment to neutrality by 2050 and intermediate targets of a 25-50% reduction in emissions by 2030. We are now entering a new phase: ensuring that the neutrality objective is achieved over the long term, and providing evidence to combat greenwashing (as we pointed out in our previous article: The growing risks of greenwashing and purpose washing?).
Will the application of a normative framework, as well as governance, suffice to produce the expected
expected results and enable us to avoid harm and create a positive impact
on the environment, society and local communities?
How, then, can we initiate the societal transformation of companies and pivot our business model in line with our raison d'être and corporate strategy?
These questions are all the more crucial as the scope of the legislative and regulatory framework continues to expand, both with the European taxonomy tool, which provides a common understanding of what can be considered a green or sustainable activity, and with new sustainability reporting obligations (environmental, social, governance) that extend beyond large listed companies, with almost 50,000 companies to be concerned, compared with 11,000 to date.
We spoke to you about it in Finance at the heart of "Positive Impact Business" approaches.
A race against time has therefore begun to integrate these standards and provide proof of sustainable performance, by addressing these issues from the right angle.
iQo and Emeriane Avocats share their expertise Emeriane Avocats
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