30 August 2022
Sixty-five companies, investors, and professional accounting firms from across the world signed a joint statement to call for a stronger alignment between regulatory requirement and standard-setting efforts around sustainability disclosure.
Financial market regulators are asked to avoid regulatory and standard setting fragmentation by aligning on key concepts, terminologies, and metrics on which disclosure requirements are built.
What are they asking for?
A comprehensive global baseline of sustainability disclosures is required for reporting entities to avoid undue burden and for investors to make investment decisions that truly contribute to sustainable outcomes.
A globally consistent, comparable, reliable, and assurable corporate reporting system is indispensable in providing all stakeholders with a clear and accurate picture of an organization’s ability to create sustainable value over time.
You can read the full article here.