Standard Setters Want Global ESG, Financial Reports to Be Linked

Environmental, social and governance reporting should be more closely integrated with financial reporting, five national standard setters wrote in a letter to the bosses of the international sustainability and accounting boards.

Accounting rulemakers from the UK, Canada, Malaysia, Australia, and New Zealand asked International Sustainability Standards Board Chair Emmanuel Faber and his counterpart at the International Accounting Standards Board, Andreas Barckow, to strengthen the links in reporting and share how the boards’ longer-term plans mesh. The rulemakers also demanded a focus on implementing the ISSB’s first two standards ...