Businesses Call for Global ESG Disclosure Rules to Jibe With EU

Businesses and other stakeholders are pushing the International Sustainability Standards Board to make sure corporate reporting under its rules works alongside other international initiatives, including the European Union’s disclosure requirements.

The global rulemaker had asked for feedback in July on its proposed Sustainability Disclosure Taxonomy, which concerns how digital tagging could make it easier for investors to access information such as greenhouse gas emissions tallies that companies report. The board plans to issue a revised version of the taxonomy in December, incorporating the feedback.

Responses from preparers of sustainability reports, investors, regulators, and other standard-setters emphasized “the importance of interoperability,” ...