Companies failing to disclose indirect emissions under new European Corporate Sustainability Reporting Directive will face potential fines. 7Bridges polled 801 UK-based businesses to assess their readiness for enhanced Scope 3 disclosures under the CSRD, revealing only 40% of businesses will certainly be ready to comply. The article highlights key challenges companies face and their concerns regarding their new responsibility for reporting emissions. The penalties for misreporting are substantial with the potential for reputational damage.
Introducing policies that go beyond net-zero could deliver £70bn in annual benefits, more than doubling the £36bn under the net-zero transition, according to a new report. This would create 279,000 UK jobs and £17bn in annual exports, turning the UK from net importer to exporter of clean energy.
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