Current approach may result in less decision-useful information to investors, standards setter warns.
Double materiality-based standards designed to underpin Corporate Sustainability Reporting Directive.
New framework aims to broaden sustainability reporting and embrace double materiality but faces long path to law.
Launched at COP26, the success of the International Sustainability Standards Board’s climate-first approach may depend on extending beyond enterprise value.
The new guide is the first publication of a new working group formed by five securities lending associations, including ISLA and PASLA.
Focus on enterprise value means continued divergence from European standards.
It’s hard to demonstrate climate leadership if you fill in the gaps at the last minute.
Policymakers and voluntary frameworks view sustainability reporting through different lenses, but asset owners are pursuing greater visibility.
Adoption of reporting framework bolstered by regulation and national commitments to mitigating climate risk, says status report.
Sustainability reporting body provides greater clarity on materiality, launches sector-specific standards, strengthens the governance disclosures.
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