Evidence | Will firms soon have to evidence 'green' credentials?

With COP26 and environmentalism taking up much of the current news cycle, it’s likely that leaders have turned their attention inward to consider how they can improve their own ESG initiatives.

Yet according to the latest proposed rules from the Treasury, many may no longer have a choice.

The proposed legislation would mean that most large UK-based firms and financial institutions would be forced to evidence how they intend to hit their climate change targets. The new rules, which look to be set by an expert panel, would include detailed public plans for a roadmap to a low-carbon future in line with the UK's 2050 net-zero target.

Whilst this reporting looks set to be non-optional, firms will reportedly be left to decide how their businesses adapt to this transition, including how they intend to decarbonise, according to BBC reports.