Corporate Sustainability Reporting Directive (CSRD)

NEW YORK, NY, USA, August 4, 2021—Today, Deloitte announced that it has begun to roll out a new climate learning program for all 330,000 of its people worldwide.

The entire capitalist system is premised on the privatization of gains and the socialization of losses – not in any nefarious fashion, but with the blessing of the law.

just because ESG is about virtue signalling and risk management, does not mean it is meaningless. On the contrary, the very fact that company executives feel the need to “signal” ESG virtues shows how the interplay of digital transparency and shifting social norms is creating a feedback loop that cannot be ignored. If that encourages companies to change strategy, say by cutting carbon emissions, it is good. If it puts pressure on governments to make crucial reforms, like introducing a carbon price, it is even better, particularly if companies are shamed into demanding such policy actions.

Instead, current AI research on sustainability tends to emphasize the quantifiable effects of environmental pollution and climate change, and focus on solutions of continued measurement, monitoring, and optimizing for efficiency.

Milestone

Yes, signatories are held accountable through their choice of regular, publicly-available reporting, and the public-facing commitments they make when signing The Climate Pledge.