On the 9th of November, the UK Government announced its intention to mandate climate disclosure by large companies and financial institutions across the economy by 2025.
Mandatory implementation of climate risk disclosures using the TCFD recommendations across major sections of the UK economy by 2025 will improve business resilience, level the playing field for companies and investors reporting on climate, and drive investment to finance the UK’s transition to a net-zero future.
It also means that now companies will need to focus on the impact they’d be leaving and that in turn would increase conscious decision making within the boards of organisations to help offset negative impacts.
I believe this is great news because it feels like this issue is now being treated as a primary one, drawing everyone’s eyeballs to it, which will propel us towards a positive outcome.
Another great thing is that investors are being brought into the picture. If investors start considering that the impact a company has on the environment as a criterion to invest in it, I believe this will only accelerate the momentum.
Nothing brings me more joy than imagining that we have more hands on board now to solve the issue.