Europe’s ESG Rulemaker Sees ‘Inevitable’ Need to Merge

The body that sets the rules underpinning EU sustainability reporting has accepted that it could eventually be merged into the International Sustainability Standards Board, saying Tuesday that it recognized the need for a coherent set of reporting standards.

The Global Reporting Initiative said in a statement that—while it has no immediate plans to merge with another environmental, social and governance standard setter—there needed to be a “seamless” fit with other rulemakers. It was responding to comments made by its CEO, Eelco van der Enden, to ESG Investor, a news website, that consolidation with the ISSB could be “inevitable.”

• “Future ...