The World Business Council for Sustainable Development (WBCSD) has tightened its rules of its membership, meaning that new and existing members will need to have set an ambition to reach net zero no later than 2050 and have a science-informed plan to achieve it.

In addition, members will need science-informed, short and mid-term environmental goals that contribute to nature/biodiversity recovery, declare support for the UN Guiding Principles on Business and Human Rights and support for inclusion, equality, diversity and the elimination of any form of discrimination.

In order to keep these aims in view, and for good governance overall, members will be expected to maintain good transparency by disclosing material sustainability information in line with the Task Force on Climate-related Financial Disclosures (TCFD) and align Enterprise Risk Management (ERM) with environmental, social and governance-related (ESG) risks.

The new rules were accepted by a strong majority of members during the 2020 Annual General Meeting based on the unanimous recommendation by the executive committee.

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