EU weighs new requirements for firms against biodiversity, pandemic risks

Financial Post | Apr 7, 2020 at 4:30 PM
  • The European Commission is considering whether to impose new reporting requirements on firms to shield them from growing risks of biodiversity loss and pandemics, a draft document shows, as the EU grapples with the COVID-19 outbreak.
  • Among the issues on which Commission officials are seeking advice is linking managers’ bonuses with carbon reduction results and green capital requirements.
  • Among options under consideration are more stringent reporting requirements for listed companies, banks and insurance firms about their exposure to biodiversity loss and pandemic risks.