For long markets, companies, and stakeholders have been burdened by the complexity of the ESG alphabet soup and asked for harmonization and comparability. While a single unified standard hasn’t emerged yet, we have never been this close to achieve global standardization.
During COP26 last year, IFRS launched the International Sustainability Standards Board (ISSB), providing ESG standardization with a platform with global reach. The European Union has mandated the EFRAG to build a new set of sustainability reporting standards that will be mandatory under the proposed Corporate Sustainability Reporting Directive (CSRD).
As companies face increasing pressure to demonstrate that they’re able to follow through with their ESG commitments and net-zero pledges, these new developments in ESG standardization are creating a new level playing field in the industry.
Watch our webinar to learn:
- Where standard setters are heading
- How financial markets and organizations are getting prepared
- What are the strategic implications for senior management.
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