This is required by the European legislation, but it is also in line with sound business practice. Sustainability initiatives by authorities and individuals encounter many obstacles. International standard setters – the ISSB, EFRAG – are still working on non-financial reporting models, so reliable data are not yet available.
While among the most advanced in the world, the environmental regulation in Europe is still in the making; it will mainly concern large and listed companies only, leaving the others out of the spotlight. The very concept of overall emissions is still uncertain due to considerable difficulties in the definition and measurement of scope 3 (those connected to the entire production process).