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Define Terms Better for ESG Reporting, UK Accountant Group Says

June 16, 2022, 5:01 PM

A major UK accounting group is critical of draft sustainability reporting rules for failing to define two terms central to the global project: “significant” and “sustainability-related.”

The draft rules are “a big step in the right direction—but improvements are needed,” the Institute of Chartered Accountants in England and Wales said on its website, urging members to express their views to inform ICAEW’s comments to the International Sustainability Standards Board. The ISSB published a draft standard on general sustainability and climate reporting requirements in March.

  • “You have to remember that the proposals are not just talking about climate-related issues—they ...