Eight out of 20 assessed asset manager responses to the International Sustainability Standards Board’s (ISSB) consultation called for the proposed climate and general sustainability standards to incorporate double materiality, according to Morningstar. The research provider further noted that six of the 20 asset managers supported the enterprise value lens that the draft standards have adopted. The eight managers in support of double materiality – including Amundi and DWS – are largely Europe-based, where the sustainability reporting standards being developed will incorporate double materiality. In contrast, asset managers supporting enterprise value, such as Vanguard, as US-based. Despite this division, the majority of these asset managers agreed with the ISSB’s proposal for mandatory Scope 1 and 2 emissions disclosures for all companies, Morningstar said.
