Politics
Macron Urges G-20, Big Companies to Boost Climate Reporting
- Companies on France’s index commit to disclosing climate risk
- Disclosures requirements will be non-binding, Macron aide says
Emmanuel Macron during the Climate Ambition Summit 2020 video conference on Dec. 12.
Photographer: Yoan Valat/AFP/Getty Images
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French President Emmanuel Macron is spearheading a pledge by the country’s largest companies to be more transparent about their efforts to cut greenhouse gas emissions and address climate change, a step he says should eventually lead to similar commitments by G-20 countries.
On Saturday, leaders of companies on France’s top stock index -- the CAC40 -- joined Macron in saying they’d abide by guidelines to report climate risks in their strategy and governance. The move is in line with a key target of the 2015 Paris Agreement to mobilizing private capital to support a pivot away from fossil fuel dependency.