Analysis of best practices in environmental disclosure policies

Here’s this post by Zsuzsanna Tajti about IFC/CDP UN SSE’s latest report entitled “Analysis of Best Practices in Environmental Disclosure Policies“:

𝐏𝐑𝐄𝐒𝐄𝐍𝐓 𝐀𝐍𝐃 𝐅𝐔𝐓𝐔𝐑𝐄 𝐄𝐍𝐕𝐈𝐑𝐎𝐍𝐌𝐄𝐍𝐓𝐀𝐋 𝐃𝐈𝐒𝐂𝐋𝐎𝐒𝐔𝐑𝐄 𝐏𝐎𝐋𝐈𝐂𝐈𝐄𝐒: 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐛𝐞𝐬𝐭 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐜𝐨𝐫𝐫𝐞𝐬𝐩𝐨𝐧𝐝𝐢𝐧𝐠 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬?

To learn from past mistakes & deficiencies, and to prepare for the future environmental disclosures by integrating the lessons learned, it is worthwhile to take a look at the findings of the “𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐁𝐞𝐬𝐭 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬 𝐢𝐧 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐏𝐨𝐥𝐢𝐜𝐢𝐞𝐬 – A review of 101 policies worldwide based on Five criteria for high-quality disclosure” report, based on:

✅ analyzing the current state of best practices in #environmental disclosure 📂, and
✅ examining more than 100 disclosure practices across developed and developing economies.

𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐜𝐨-𝐜𝐫𝐞𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐬𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐟𝐥𝐚𝐠𝐬𝐡𝐢𝐩 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐝𝐨𝐦𝐚𝐢𝐧:
➡️ International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets, a member of the World Bank Group (WBG) and
➡️ CDP (a not-for-profit which runs the global environmental disclosure & #reporting system), in consultation with
➡️ the UN SSE (United Nations Sustainable Stock Exchanges Initiative).

𝐓𝐡𝐞 𝐚𝐮𝐭𝐡𝐨𝐫𝐬 𝐮𝐬𝐞𝐝 𝐚 𝐬𝐞𝐭 𝐨𝐟 𝐜𝐫𝐢𝐭𝐞𝐫𝐢𝐚 𝐚𝐬 𝐤𝐞𝐲 𝐚𝐝𝐞𝐪𝐮𝐚𝐜𝐲 𝐩𝐢𝐥𝐥𝐚𝐫𝐬 𝐨𝐟 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐝𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐩𝐨𝐥𝐢𝐜𝐢𝐞𝐬, taking due consideration of the practices and needs of both developed and developing activities:
1️⃣ Environmental 🌱 integrity, addressing #sustainability-related financial disclosures as well as impact on people 👨‍👩‍👧‍👦 and the planet 🌐, with a holistic environmental approach,
2️⃣ Ensure compatibility of disclosure 🔎 standards required or recommended,
3️⃣ Provide and enforcement system,
4️⃣ Adhere to technical quality💡and content of the reporting process, and
5️⃣ Allow space for innovation and more mature disclosure.

𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐢𝐧 𝐨𝐫𝐝𝐞𝐫 𝐭𝐨 𝐟𝐚𝐜𝐢𝐥𝐢𝐭𝐚𝐭𝐞 𝐩𝐫𝐨𝐠𝐫𝐞𝐬𝐬 𝐢𝐧 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐝𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞𝐬?
➡️ The report highlights practical examples for developing high-quality #regulatory requirements that addresses #capitalmarkets’ needs and #investors’ demands, helping to mobilize private capital flows towards #sustainable solutions by allowing all stakeholders to assess which companies, activities or financial products are truly sustainable ✅️.
➡️ In order to reach this goal, the report also presents concrete recommendations for the policy development process.🤝