Asian companies face reputation risk as tougher EU sustainability rules kick in

Quick Summary:

New EU rules take sustainability reporting to unprecedented levels, Deloitte says, allowing well-prepared companies to build an advantage.

It is part of the EU campaign to slash greenhouse gas emissions by 55 per cent by 2030 from the levels in 1990, and achieve carbon neutrality by 2050.

The EU introduced the CSRD to require companies to disclose their carbon footprint to investors.

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Article Details

Author / Journalist: Eric Ng

Category: Business

Markets: Hong KongChina

Topics: Directive Disclosure Sustainability Face Rheinland Listed Firms Non-eu Companies Chinese According

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 11:00:08 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 230 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22844865

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Official Website: scmp.com

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