First Two Global ESG Reporting Standards Issued Include Climate - Bloomberg Law
First Two Global ESG Reporting Standards Issued Include Climate
The International Sustainability Standards Board issued its first two standards Monday, covering climate and general sustainability reporting requirements.
The two reporting rules will be the first mandatory ESG reporting standards for global companies and are part of a future effort. In time, the ISSB intends to issue reporting rules covering the full range of environmental, social, and governance issues.
- “We know that better information leads to better economic decisions. Today’s publication is just the starting point as we consult on our future priorities, beyond climate,” ISSB chair Emmanuel Faber said in a statement.
- The climate standard is based on ...
Related Knowledge Center: Climate science
What began as a theory in the 1890s — that industrial emissions of carbon dioxide could increase global temperatures — had progressed to a scientific fact a century later. Scientists across a range of disciplines are studying the impact of the still-growing concentration of carbon dioxide and other so-called “greenhouse gases” in the atmosphere as they call for industrial and governmental policies to slow, then halt, the warming of the planet.