Stockhead: ESG Investing – As carbon reporting becomes mandatory, ASX-listed Simble is ready to cash in
They say if you can’t measure it, you can’t manage it – and that holds particularly true when it comes to sustainability.
While all the talk has been on achieving net zero by 2050, little has been done to address the lack of mandatory reporting on our carbon footprints.
In Australia and the US, public companies must disclose relevant information such as ESG risks and opportunities, but detailed reporting on carbon emmissions isn’t mandatory.
Europe is a bit more ahead in the game. The UK, for instance, has recently held consultations with the TCFD (Task Force on Climate-Related Financial Disclosures), and is now set to become one of the first countries to implement compulsory carbon reporting.
Experts believe it’s only a matter of time before mandatory reporting is legislated across the world, possibly even on a consistent set of global standards.
One company that’s already ahead of the curve is ASX-listed Simble Solutions (ASX:SIS).
Simble’s suite of Software-as-a-Service (SaaS) products allow companies to measure, report and reduce their carbon emissions as well as monitor, control and optimise their energy consumption.
Last week, Simble announced that Dr Daniel Tillett has joined its board to navigate the company through the rapidly evolving ESG landscape.