SUSTAINABILITY require detailed plans , measurement and accountability . I think businesses have a huge role to play in helping keep 1.5C alive – they must develop plans with real , measurable targets and transparent roadmaps to meet them . They must also build trust in their commitments and report on their plans every year . Stakeholders won ’ t wait and the planet can ’ t wait for COP27 for answers – business has an unprecedented opportunity right now to lean in and take action . Efforts to protect the natural world have yet to achieve the same high profile as those to limit climate change but I think it ’ s important that business thinks about sustainability in broader terms than just the climate . COP15 is focused on protecting biodiversity and I think it ’ s important that business engages with this too , despite it generating fewer headlines .
“ EY has been on a DE & I journey for decades and we ’ re still on it ”
STEVE VARLEY GLOBAL VICE CHAIR - SUSTAINABILITY , EY
When it comes to measurement and accountability , how do you do that in a way that is fair , universal , and transparent ? Holding companies accountable to the climate commitments they make is critical . However , the frameworks that currently exist for helping companies calculate and report their carbon footprint aren ’ t subject to the same level of rigour as financial reporting
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