Environmental, social, and governance (ESG) scoring and disclosures have widespread support as the means to achieve zero greenhouse gas (GHG) emissions—the Global Net Zero Economy transformation. However, sustained economic and societal progress have always been driven primarily by innovation, not by keeping score. The recent SEC proposal for detailed and mandatory environmental reporting may have an unintended consequence of creating a blind eye for the kind of innovations that would actually deliver significant emission reductions.
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