Corporates Ordered to Report on Climate, ESG as World Heats Up

May 28, 2024, 12:15 PM UTC

Companies across jurisdictions are about to face the same requirements for reporting the impact on their operations of climate change and environmental degradation.

A year after their creation, minimum reporting rules set by the International Sustainability Standards Board have been — or are being — implemented in countries whose combined markets represent around 75% of global capitalization. The figures, which exclude the US, were published on Tuesday by the IFRS Foundation, which oversees ISSB.

Adoption of ISSB standards now covers more than half of global emissions, according to the statement.

The development has the potential to reshape financial analysis and ...

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