Climate | Article
Reforming ESG : a European and Global South perspective
17 January 2025
BY: Simone Borghesi, CONSTANTINI Valeria, D'AMATO Alessio, Ilaria Dibattista, KOUNDOURI Phoebe, LI Qinci, Matteo Mazzarano, STERNER Thomas, Mira Tiwari, Peter Vis, XEPAPADEAS Anastasios
Environment and development economics, 2025, OnlineFirst
The EU's non-financial reporting (NFR) regulations have significant impacts on Global South stakeholders, firms that must report, actors lower in the value chain, and organisations seeking investment from NFR-compliant firms or institutions. This paper sets forth six proposals to improve the global equity and sustainability implications of the EU's NFR from a Global South perspective. The proposals involve (1) developing regulation cooperatively with the Global South; (2) streamlining reporting to enable the regulations to have real effects and limit incorrect accounting; (3) digitalising reporting through accessible technologies for greater accountability and lower administrative burdens; (4) mandating scope 3 emissions accounting and incentivising related investment; (5) anchoring financial institutions' role in ethical investment and bridging Northern and Southern actors; and (6) strengthening citizen data and sustainability literacy to close the circle of incentives, implementation, and impact.
logo cadmus Read it on Cadmus Download in open access

LATEST FSR PUBLICATIONS

Other
Manufacturing firms in the EU face the double challenge of decarbonisation and (international) competitive pressure. Based on the key findings of the 2024 EIB investment survey and considering the economic [...]
Other
Regulation 1370/2007, as amended by the Fourth Railway Package, set the date of 25 December 2023 for the opening to competition of services subject to public service obligations. As opposed [...]
Other
This policy brief contends that a new approach to Long Term Contracts (LTCs) in European competition policy based on new facts, new realities and a revised reasoning must be urgently [...]
Other
In the North Seas region, a coalition of 9 countries expressed the ambition to quadruple their offshore wind capacity from 30 GW to 120 GW by 2030, and to then [...]
Technical Report
Innovation is closely linked to air transport, from the development of aircraft technologies to the creation of computer reservation systems. T he latter led to the development of global distribution [...]
Other
Since October 2022, Russia’s escalated attacks on Ukraine’s energy infrastructure have caused widespread damage, severely impacting energy security and economic stability. Despite these challenges, Ukraine has demonstrated remarkable resilience, restoring [...]

Join our community

To meet, discuss and learn in the channel that suits you best.

scroll

top