Standardise transition plans globally to avoid greenwashing, non-profit urges

Ensuring that companies deliver on their claimed emissions reductions is impossible without an agreed international standard, says Reclaim Finance

International jurisdictions should agree a mandatory standard that all transition plans must follow, and set up supervisors or specific regulatory agencies to ensure that plans deliver on decarbonisation promises, says Paul Schreiber, senior policy adviser at French non-profit Reclaim Finance and author of its report on transition plans.