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Opinion / #reporting
China has provided a clear regulatory signal. The opportunity now lies in translating that ambition into reporting that genuinely informs sustainable outcomes and drives climate action, in China and across global markets.
Sustainability standards and ratings do not generate enough information for businesses to understand their environmental impacts across scales and create mitigation plans to avoid further transgression of planetary boundaries.
Given that China is the world’s largest emitter and has a high carbon intensity, some assume that its trade war with the United States, which has shifted production to third countries, would have environmental benefits. In fact, the conflict has increased carbon dioxide emissions in developing and advanced economies alike.
Businesses must develop nature strategies and implement them swiftly to mitigate risks and build resilience in a changing world.
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