ESG Investors Get First-Ever Set of Global Reporting Standards

ESG investing passed a milestone on Monday as the first ever set of global reporting standards was unveiled, paving the way for companies across jurisdictions to disclose uniform climate and sustainability information.

The voluntary framework, published by the International Sustainability Standards Board, is intended to reshape ESG reporting norms in much the same way as the International Financial Reporting Standards did two decades ago. The ISSB framework will also affect the information companies include in their financial reports, so that these better reflect environmental, social and governance risks.

The absence to date of a global ESG reporting framework ...