Current industry climate commitments are like speed limits with no speed cameras

The devastating impact of climate change has been firmly in the public eye over the last few weeks, especially with torrential flooding across China, Australia, and much of Europe.

From a business perspective, these consequences of uncontrolled global warming have emphasised the need for better transparency and control over industry's climate impact. Let us not forget that the world's 100 biggest companies generate 70% of global greenhouse gases. Understanding the real-world impact of corporate emissions will be crucial in the next few years as climate action begins to overtake commitments. Unfortunately, current efforts to measure the corporate world's environmental footprint are failing. This means that more than five years after the introduction of the Par...