Atlantic currents redistribute heat and cold. If it stops working, the results could be catastrophic. Source: Woods Hole Oceanographic Institution New research suggests the risk of a breakdown in North Atlantic currents to be nearly four times higher than previously thought. The most recent IPCC report said that the collapse of the AMOC was less […]
Artist rendition of the Orbiting Carbon Observatory satellite OCO-2. Image by John Howard / JPL. The United States is probably the world’s largest contributor to global climate change science and research. It provides a big chunk of ground-based data and is the largest single provider of satellite data. About a fifth of climate modelling and […]
EFRAG is working to make corporate sustainability reporting simpler and, in some cases, clearer and more relevant. I’ve had the opportunity to go through the proposed new ESRS 2 and ESG standards. Again, this is not a comprehensive overview but some points which I found interesting. Less granular approach to narrative disclosures I like this […]
The proposed changes aren’t exactly cutting the Gordian Knot, but they are welcome improvements. EFRAG has released their proposed simplification of ESRS. Here are my initial thoughts of the proposed ESRS 1 amendments. EFRAG has boasted that their revision has: This will not be a comprehensive examination of the changes, but what I find interesting. […]
I used the SBTi dashboard to see how companies in the Nordics compare. It is probably no surprise that Sweden leads the way, but I didn’t expect Norway to be in last place. In fact, Swedish companies make up for 42% of all 1,148 Nordics who have set targets or commitments. If we compare these […]
Don’t make an environmental claim about your product or company unless it can pass the Greta Test. Photo by Kushal Das via Wikipedia. Companies have been keeping an eye on two greenwashing proposals coming out of Brussels this year. One has passed and one has not. Here is what is happening with the Green Claims […]
A Green MEP is denounced in the European Parliament for suggesting the CSRD remain unchanged (dramatised). In my career I have read (and contributed to) thousands of annual financial reports. I think I have become quite good at efficiently getting the information I want out of them. I could not be as quick and efficient […]
The Science Based Targets Network can help uncover hidden risks, as well as price them. Source: SBTN Warren Buffett made his fortune by understanding and properly pricing risks. When Berkshire Hathaway takes a financial hit, Buffett almost always acknowledges the problem was not missing a risk; it was mispricing it. In 1997 he wrote: “A […]
You have more arrows. If you miss your mark then try again. Christoffer Wilhelm Eckersberg – Three Spartan boys practicing archery (1812) What happens when you realise you aren’t going to reach your climate goals? This uncomfortable question is becoming more urgent for companies and countries. Falling short on net zero promises is an embarrassment, […]
Andries Scheerboom – Leadenhall Market, London (1865) Small European companies are not required to complete corporate sustainability reports, unless they are in specific regulated industries. However, there are good reasons to develop such reports, even if they are not legally bound to do so. The European Financial Reporting Advisory Group (EFRAG) created a voluntary standard […]