Thousands of companies worldwide will be pushed to report on their environmental strategies and performance under proposals to be finalised at a UN summit in Rio de Janeiro this week.
The move is being resisted by some countries, including the US, Canada and India, according to people close to the summit negotiations, because of fears it will add to companies’ regulatory burdens.
But it is being backed by many European countries, including the UK, which has included a leading campaigner for the measure, British insurer Aviva, in its official delegation.
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