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From our previous blogs you now know what the Swiss Climate Ordinance is and what it means for companies in Switzerland. We have learnt about some challenges, actions, and opportunities in sustainability accounting and reporting when it comes to the topics of data, people and skills, and finally resources.
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Don’t feel like you have the resources to tackle climate reporting properly in your company? Here are some challenges, actions and opportunities you should know about.
There is an increasing demand for skills and people with experience in Sustainability and Climate Reporting. As a relatively young but complex field that has received little attention in the past, the market still needs to develop the talent and skill pool required for a Sustainability Reporting transition at scale.
The scarcity of clean data has emerged as a prominent challenge in Climate Reporting, but it should not prevent a company from starting with its Climate Reporting. We recommend companies must take action and enhance their Climate Reporting by investing in digital technologies, establishing clear data collection processes, and collaborating with stakeholders.
Although evolving regulation, diverse standards, and complexity are challenging, companies must act today by starting with simple, decision-useful reporting, even if the data is not yet fully available.
The following Climate Reporting Canvas guides companies in drafting a sustainability and climate strategy. It starts with a broader vision, then outlines challenges for achieving the vision, and suggests not only actions to address the challenges but also opportunities that arise in the process.
Climate Reporting is a foundational element addressing the urgent need to combat and adapt to climate change and transition to a low-carbon economy. It enables stakeholders, including investors, regulators, and the public, to assess an organisation's climate-related performance and efforts to mitigate environmental impacts...
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