Brussels, 13 July 2016 – Today, the Natural Capital Protocol was launched by the Natural Capital Coalition. In response to the launch, Eurosif’s Executive Director, Flavia Micilotta says “The work of the Natural Capital Coalition has galvanised all those efforts in what we hope to be a valuable set of tools for investors to be able to have a more holistic understanding of company performance.”
Latest Policy Position
The European Commission seeking to collect views on non-binding guidance on methodology for reporting of non-financial information by large companies launched in January a public consultation so as to be able to provide further guidance and help companies implement provisions laid out in several EU, OECD and UN-based frameworks.
Eurosif, the leading European association for the promotion and advancement of sustainable and responsible investment across Europe, representing long-term investors that bring together expertise in reporting of non-financial information, has provided its feedback to the regulator stressing in particular:
- Non-financial information should focus on the material aspects for a company, representing a true and fair account of the way it does business and interacts with different stakeholders.
- The guidelines should determine the main issues that are material for companies and investors, and set specific minimum reporting requirements based on reporting standards that companies are already using.
- Company KPIs and other reporting requirements should be accompanied by disclosure of metrics, targets and objectives both quantitative and qualitative and they should be directly correlated to the triple bottom line.
CDP recently launched their latest study on corporate strategies on adaptation and mitigation at European level – Action towards a low-carbon economy.
In view of the European Commission 2050 low-carbon roadmap, CDP offers with this study an overview of the role that companies in Europe can play in leading towards a low carbon economy. Eurosif interviews Steven Tebbe, CDP Europe’s Managing Director, to find out more.