Question

How do companies address climate change in their annual reports and other corporate documents? Are these sources convincing to stakeholders?

Answer 1

Companies address the climate change in their documents in following ways:

1. A discussion upon the follow up and implementation of the guidelines and regulations dedicated to environmental protection & climate as well as the strict compliances followed by the company.

2. A detailed report upon the sustainability initiatives taken up by the company by themselves as well as across the value chain so that climate change takes place in positive ways.

3. Discussion about the implementation of new technologies (if any) to reduce the pollution and implementation of carbon credit practices.

4. Disclosure of the initiatives taken up to improve the ecosystem, environmental protection and increase in green areas in the world.

5. Reporting on Initiatives towards the community development projects where the people have suffered from the climate change.

Above information is shared with the shareholders as well as other stakeholders to acknowledge them regarding the work done by the company to protect the environment and control the climate change. These disclosures and reporting generate confidence if these information is verified & accredited by third party agencies. If not, then there should be the disclosure of contact details so that stakeholders can verify the details.

If these information are not provided, then it does not create a sufficient degree of confidence among the stakeholders.