S2E7: Navigating the Maze of Global Climate Reporting Standards
In this episode of The Risk Wheelhouse, hosts Ori Wellington and Sam Jones explore the rapidly evolving climate disclosure regulations and their impact on businesses. From California’s strict climate laws to the EU’s Corporate Sustainability Reporting Directive (CSRD), companies must adapt to increasing transparency demands while managing compliance risks.
Key Takeaways:
Climate Regulations Are Here to Stay: The U.S. and EU are enforcing stricter reporting requirements, making compliance a top priority.
IRM Simplifies Compliance: Integrated Risk Management (IRM) helps organizations align sustainability risks with financial and operational goals.
Data Challenges Complicate Reporting: Inconsistent climate data makes compliance difficult—companies need better tools to ensure accuracy.
Technology Eases the Burden: AI and automation streamline reporting, reducing manual effort and errors.
Greenwashing Risks Are Growing: Overstating sustainability efforts can lead to reputational damage and regulatory penalties.
Investors Are Driving Action: ESG-focused investors are influencing corporate climate strategies and demanding accountability.
Balancing Bureaucracy and Impact: Companies must meet regulatory requirements without unnecessary red tape.
Individual Responsibility Matters: Employees and leaders play a crucial role in driving meaningful sustainability change.
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💬 Join the Conversation: How is your company handling climate reporting? Share your thoughts on LinkedIn or X (Twitter) @WheelhouseAdv.
