“If harmonization means consensus on a single standard, then the answer is most likely no. Why? Let’s consider four major components of the context in which this ecosystem operates.”
[COMMENTARY] I agree with the writer. For instance, how can you quantify, as the writer says, “culture; values; processes; strategies; product responsibility; quality of management, among others.” However, metrics that can be quantifiable and uniformerly used across and within industries– should be. Thus scores by ESG rating agencies will still differ even with many uniform metrics.
Is harmonization of reporting standards possible or even desirable? By Antonio Vives, March 24, GreenBiz, USA.