ESG Standard Writers Jet Set, Spend Big, and Accomplish Little

What is the International Sustainability Standards Board doing?

It was launched to great fanfare in 2021 as part of the global fight against climate change. Its goal is to produce a single, worldwide set of environmental, social and governance reporting standards so investors can compare companies’ performance internationally.

But it hasn’t issued any new standards for well over a year. It’s only covered one of the many areas of ESG. It’s gobbling money at an unsustainable rate—on, among other things, three headquarters. Its 14 board members make as much as $925,000 a year to jet around and ...