Regulatory Alerts2024-02-07
Transparent Net-Zero Targets Require Courage
The Dutch Authority for the Financial Markets (AFM) issued a supervisory report urging large listed companies to enhance transparency regarding their net-zero targets, particularly for the long-term 2050 horizon. The report finds that while companies are making good progress on 2030 goals, they remain vague about the path to 2050, lacking sufficient detail on Scope 3 emissions, data quality, and the uncertainties surrounding technological and financial challenges. To address these gaps and prepare for the Corporate Sustainability Reporting Directive (CSRD), the AFM provides recommendations, good practices, and a self-assessment tool to help firms report more robustly and honestly about their climate transition plans.
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