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The Global Reporting Initiative proposed two standards Tuesday for how companies should report the effects of climate change and energy use on operations and the broader public.
The climate change standard incorporates principles of a “just transition” and includes disclosures for climate change transition plans and annual progress on emissions reduction targets. The energy standard would create disclosures for energy management, consumption and generation as part of its framework.
The organization timed the standards release with the United Nations’ COP28 climate change forum beginning Nov. 30 in the United Arab Emirates. GRI is seeking public input on both documents until Feb. 29, 2024.
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