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The draft rule is based on the globally accepted framework of the Task Force on Climate-related Financial Disclosures (TCFD). The draft rule addresses climate financial risks already in the marketplace, and those that are rapidly emerging. . Myth 1: Climatechange isn’t a financial risk .
The software market is also faring poorly for ‘Scope 2 emissions Intensity’ which captures GHG emissions from consumption of purchased electricity, heat or steam by the company, as categorised by the GreenhouseGasProtocol, divided by the company’s revenue. in 2014 rising to 6.66 Scope 3 reporting.
Their current ESRS draft standards have three central concepts; Governance (topics include risk management and internal controls); Social (covering workforce, value chain, communities and consumers); and Environmental (covering climatechange, pollution, biodiversity and resource use).
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