17 February 2020

[A] study of disclosures from 1,000 firms by the Alliance for Corporate Transparency, a collaborative initiative launched by public interest law firm Frank Bold, showed big gaps between many companies’ words and action.

On climate, for example, the study showed that while 36.2% of firms had set a climate target, only 13.9% of companies had ensured they aligned with the 2015 United Nations-backed Paris climate deal...

Filip Gregor, Head of Responsible Companies at Frank Bold, said it was “alarming” so few companies were in sync with Paris. “The results of the research show that existing EU legislation is not meeting its objectives and it seems that the only way to address the problem is to specify what companies should be reporting..."

Of the companies analyzed, just 23.4% provided specific information allowing readers to understand the risks facing them, the report said, even though 53.8% of companies said they recognized the existence of such risks...

Reprinted in The New York Times