Schroders backs CDP’s calls for improved climate change and environmental reporting
Schroders is pleased to announce it is one of the initial signatories backing the CDP's statement calling on policymakers in the European Union (EU) to improve the corporate reporting framework for climate change and environmental information.
CDP’s framework calls on EU policymakers to:
- Align corporate reporting with the recommendations of the Task Force for Climate-related Financial Disclosures (TCFD) to mitigate financial risk;
- Create a level playing field across the EU by implementing consistent corporate reporting requirements like those of financial reporting;
- Standardize sector-specific reporting metrics that increase comparability and consistency and enable tracking progress against public policy targets and clearly defined time horizons, and;
- Address the shortcomings of the European corporate reporting legislative framework by stressing policy coherence between investor duties and corporate reporting.
Schroders recently announced its support for Embankment Project for Inclusive Capitalism’s drivers of sustainable and inclusive growth.
A full copy of the CDP statement can be found here.