Full disclosure returns

As governments in many advanced economies push back on introducing mandatory climate reporting, not all jurisdictions are falling into line. There are a few notable exceptions - in North America, Europe, and Asia - seeking to pushback on the narrative that climate disclosures are damaging business competitiveness.

Indeed, some governments are realising what many companies already understand; disclosing your emissions data and other climate risks is a source of competitive advantage, one that helps to attract investment, and often on more favourable terms.

While climate disclosures start with Scope 1 and 2 emissions, the inclusion of Scope 3 reporting is fundamental - the latter may actually represent the most acute and most expensive source of carbon risk.

Despite their competitors believing they have dodged a bullet by evading mandatory reporting of supply chain emissions, firms may actually find that there is no escape from the scrutiny of their customers, their suppliers, and financial institutions eager to manage and reduce their exposure.

Lets dive in.