Single, global sustainability standard for companies backed by G7

Huw Jones, Reuters, 08 June 2021

Former European Central Bank President Jean-Claude Trichet will head an advisory group on establishing a global board for sustainability-related company disclosures. The new International Sustainability Standards Board (ISSB), due to be unveiled ahead of this November’s COP26 UN climate change conference in Glasgow, will replace a patchwork of voluntary guidance with one set of global norms for firms reporting the impact of climate change on their business. Finance ministers from the G7 group of nations support a "baseline global reporting standard" for sustainability and said they encouraged…

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