“A group of five global sustainability leaders that set environmental, social, and governance (ESG) standards will work together to develop a common framework for corporate reporting, the firms said Friday.
The lack of consistent sustainability disclosures has made assessing companies confusing and difficult, according to a joint report released Friday from the environmental nonprofit CDP (formerly the Carbon Disclosure Project), the Climate Disclosure Standards Board (CDSB), the Global Reporting Initiative (GRI), the International Integrated Reporting Council (IIRC), and the Sustainability Accounting Standards Board (SASB). Together, the organizations set the majority of ESG reporting in the industry.”
[COMMENTARY] This is great news for ethical and sustainable investors. Such common standards have been sought for decades! I hope it also includes the independent auditing of what company’s report.
Sustainability Leaders to Work on Common Corporate Reporting Standard, by Sarah Min, September 14, 2020, Chief Investment Officer, USA.