Big Four, World Economic Forum Draft Sustainability Standards

The Big Four accounting firms are teaming up to help the World Economic Forum draft a common set of sustainability reporting metrics.

The forum released a draft Wednesday during its annual meeting in Davos, Switzerland, that lays out four reporting areas and the types of disclosures companies should provide concerning governance, the planet, people, and prosperity.

• The goal is to rally companies around a single set of universal metrics—replacing the myriad of competing, and voluntary, standards that exist today.
• Staff from Deloitte LLP, PwC LLP, Ernst & Young LLP, and KPMG LLP worked with a task force that included the ...