Companies Reporting Emissions Gain Flexibility From Global Board

Companies reporting their greenhouse gas emissions under national regimes have gained more flexibility to align with a global board’s standards for disclosing climate-related risks that could hit financial results.

The International Sustainability Standards Board is letting companies that follow national emissions reporting requirements count their disclosures as complying with its standards, even if they use different measurements.

More than 30 countries are looking at making it mandatory for businesses to report in alignment with ISSB’s climate disclosure standards published in 2023. The UK, for example, already requires some big companies to report on emissions, though the country has yet to ...