Unified Approach to ESG Disclosure Aims to Cut Costs, Ease Deals

Two of the world’s most influential ESG standards bodies are working toward a common approach for disclosures, an effort to improve reporting, reduce costs and streamline due diligence for companies.

The International Sustainability Standards Board and Global Reporting Initiative will jointly launch a pilot project in Singapore Monday to create common ground for Asian companies to report on their environmental, social and governance impacts.

The initiative is the first of several planned collaborations between ISSB and GRI. With global ESG assets on track to exceed $53 trillion by 2025, making up more than a third of total assets, investors have ...