We are at a pivotal moment in our civilization’s history, as we are at the tipping point of turning the ship towards a prosperous future for humanity on Earth or facing existential consequences from our irresponsible behavior for decades, even centuries.
The shift is only possible if we act with a heightened sense of urgency and collaboration across all market participants, redesign how the systems operate and fundamentally change our lifestyle and expectations. This change cannot be scary; we all should be running to it. Absence of change should be frightening!
The good news is that there are many examples emerging across the world of change leadership and innovation that are truly inspirational. These include small entrepreneurial businesses targeting the Sustainable Development Goals, large mega corporations redesigning their whole business model towards a low-carbon economy, to the most comprehensive effort thus far introduced by the European Commission to shift all capital market participants towards sustainability.
Human nature is one of care and responsibility, but to act, we require information. This is where we see the most critical role for Refinitiv to play in responding to the climate crisis. We advocate for data transparency and standardization to inform investors and redirect capital towards the winning sectors, companies and asset classes of the sustainable future.
Refinitiv has created a report which explores the trend in corporate emissions and progress on recycling, supply chain risk and water efficiency.
Highlights from the report include:
- 63% of companies, in our ESG database, have a policy to reduce emissions, but only 35% have specific reduction targets.
- The average company has a recycling ratio of 63%, but only 29% of companies actually report on this metric.
- Between 2014 and 2019, we have seen a 25% increase in companies with water efficiency policies and 34% more companies setting specific water efficiency targets.