A company that does not have a credible 2-degree plan will be considered as a risk.
This is what is going to happen with the #greendeal.
That is why we believe the radical transformation of our economy will happen no matter what.
Europe knows the importance of this transformation and is ensuring its acceleration with the #greendeal: 54 laws that are going to lead us to a sustainable economy.
Finance is no exception, the European Central Bank is already acting to ensure that banks take into account the climate crisis as a systemic risk to the economy. The new European regulation makes it mandatory for the most polluting companies to sign up to a 2-degree transition plan and at the same time, Europe is negotiating prudential rules for banks and insurers.
In a way, we are going to put on the same level financial and extra-financial reporting.
As Pascal Canfin told us: “It is absolutely transformational”.
To learn more about the impact of the #greendeal on finance, here is a replay of the event we organized with Pascal Canfin.
We don’t need blablabla, we do need bold moves.