I know!! It’s been a toouughh week 😩
I’m not even going to go there.
Instead, I’m going to share some good news! 🌟🎉
A new study delving into 100 companies’ disclosure finds that sustainability reporting works! ✅ Reporting drives internal understanding of the issues that matter, and reflection on what to do about them. In other words: good reporting expectations do drive good internal due diligence practices 💪💡 And double materiality is now mainstream 🌱 (Thanks Frank Bold, study here 🙌).
We have made progress since the Paris Agreement 🌍. Projected warming has fallen (from 3.9°C to 2.6°C) 📉. Net-zero targets are a thing (over 100 countries have them) 🎯. Investments in clean energy have risen (to double those of fossil fuels) ⚡️
Saudi Arabia 🇸🇦 has announced that it will abolish its kafala system and replace it with a contractual model 🤝. This is huge for the hundreds of thousands of migrant workers involved in building stadiums for the 2034 World Cup 🏟️⚽️
And the Paris Court of first instance (tribunal judiciaire) 🇫🇷 has just pronounced itself on net-zero greenwashing 🌬️ The court found that TotalEnergies misled consumers into believing that it could achieve carbon neutrality by 2050 while increasing oil and gas production 🛢️
So, while we're grappling with the headwinds of politics, let’s remember this week that there are steps forward 👣💚
These are Jane Goodall’s words that you will have heard me reference if we chatted this week:
Anna 🌍💫
