In a move towards environmental transparency, almost nine in ten companies have stated that they will voluntarily disclose extensive data on their carbon footprints, according to a study by global consulting firm Workiva. This disclosure extends beyond standard requirements, showing a momentum within corporations for further climate consciousness.
A significant 86% of American participants in the survey released plans to comply fully or partially with Europe’s
Corporate Sustainability Reporting Directive, despite this not being a mandatory requirement for them.
Within the European Union, the directive requires companies that have subsidiaries within the bloc to report on their impact within the communities where they operate. This includes extensive details on fair labor practices.
Various factors are driving these disclosures. Particularly notable are competition and investor demand, the latter reflecting a growing trend towards sustainable and responsible investments in the global financial scene.
While this article expanded on the majority of firms that are willing to voluntarily comply with non-mandatory climate rules, more details about this trending environmental transparency amongst corporations can be found in the
full report.