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March 2022 is providing us with a glorious snapshot of another “new normal” and ability to change (the pandemic doesn’t seem to have been a significant enough example). Russia invade Ukraine despite global pressure not to. Our only response (avoiding a world war) is sanctions and “doing the right thing”. These decisions are complicated because our systems are entwined and some of the decisions have negative consequences, but we do them anyway because the alternative is worse. Global business can change when it needs to. Does the SEC proposal mean that companies will start taking ESG strategy more seriously? How important is climate disclosure to you and your business?
It's been hard to get global agreement on the rules we should follow to stop us making it hard for humans to exist on a planet we have systematically destroyed. Probably because when we look to agree on changing something, we have to agree that we have been doing something wrong. This is counterintuitive for most people. Even when they are forced into agreeing mistakes have been made and we need to change, the actual act of change remains difficult. Our competitive positioning of global business compounds the timing of change. Are you going to lose out by doing the right thing too early? This is the harsh reality of what most of the boards of global companies struggle with. We look to the “people in charge” to make decisions, set rules that make that struggle easier, even the playing field and make sure no one loses for doing the right thing.
“Today, investors representing literally tens of trillions of dollars support climate-related disclosures because they recognize that climate risks can pose significant financial risks to companies, and investors need reliable information about climate risks to make informed investment decisions. Today’s proposal would help issuers more efficiently and effectively disclose these risks and meet investor demand, as many issuers already seek to do. Companies and investors alike would benefit from the clear rules of the road proposed in this release.”
SEC Chair Gary Gensler
March 2022 is providing us with a glorious snapshot of another “new normal” and ability to change (the pandemic doesn’t seem to have been a significant enough example). Russia invade Ukraine despite global pressure not to. Our only response (avoiding a world war) is sanctions and “doing the right thing”. These decisions are complicated because our systems are entwined and some of the decisions have negative consequences, but we do them anyway because the alternative is worse.
Nina changes the tough stuff necessary to keep leaders’ visions and strategies alive and prosperous, planet and people engaged, healthy, smiling and having fun. Coach, Consultant & Trainer. Contact her when you are ready to make your contribution to changing the world at ninadar.com the fisrt 30 mins is free.
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