By Jad Malaeb, Benzinga
Industrial growth is acknowledged globally to be necessary for human progress, but the recent rise in greenhouse gas emissions, pollution and resource depletion has forced leaders to think deeply about the reward-risk trade-off.
Products of this line of thinking include the Green Industrial Policy, which refers to a set of policies and strategies set by the United Nations Environment Programme that promotes sustainable and environmentally-friendly industrial development. It focuses on integrating environmental considerations into industrial activities, fostering the transition to a low-carbon economy and encouraging the adoption of clean and resource-efficient technologies.
World leaders have adopted the Green Industrial Policy’s vision into region-specific protocols. The EU Green Deal, for example, is a comprehensive set of policies and initiatives proposed by the European Commission aimed at transforming Europe into the world’s first climate-neutral continent by 2050. Likewise, the Inflation Reduction Act (IRA), an American policy that was passed into law in 2022, grants investment and production tax credits for businesses and eligible persons who invest in renewable energy systems. The U.S. government has labeled the IRA the “most significant climate legislation in U.S. history.”
Aware of the rising importance for businesses to adhere to the Environmental, Social and Governance (ESG) framework, FiscalNote (NYSE: NOTE) recently hosted a webinar discussing ESG global trends, the impact of the IRA and EU Green Deals on businesses and how these changes may affect specific industries and organizations.
“I think an important, maybe, role that the industry needs to play more and more is explaining exactly a lot of the business models. I think in this conversation we’re mixing a lot of issues, and so for trying to explain how we’re going to get to clean technology, I think … we need to explain the intricacies,” said Thibaut L’Oryte, the Director of Public Affairs at AmCham EU.
Since its acquisition of the SaaS product Equilibrium, FiscalNote has taken its ESG compliance services to unprecedented levels, helping businesses easily manage their ESG goals and activities. Winner of the Best SaaS Product for CSR or Sustainability award at the 2022 SaaS awards, Equilibrium is an artificial intelligence platform that helps organizations unify, manage and benchmark carbon, climate and ESG data management across their operations.
Equilibrium is now part of a collection of ESG Solutions that FiscalNote offers customers. With Oxford Analytica, the FiscalNote Core Platform and the ESG & CSR Board, FiscalNote’s ESG compliance portfolio has any potential ESG solution a company could be looking for. Their portfolio covers global ESG research and analysis, ESG policy monitoring, a confidential vendor-free peer organization and Equilibrium’s unique ESG AI solution.
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