Financial, ESG Rulemakers Urged to Improve Collaboration

International Accounting Standards Board chair Andreas Barckow is encouraging standard-setters to collaborate more and avoid artificial distinctions between financial and sustainability reporting.

Rulemakers should develop some standards together, he said said Friday at a meeting of the International Sustainability Standards Board, picking out climate, intangibles and management commentary reporting. The ISSB was set up in November 2021 as a sister body to the IASB.

• “We don’t want to see conflicts between financial and sustainability rules,” Barckow said. “That would be awful.”
• The accounting standards board had put on hold a project to redraft its management commentary guidelines, Barckow said. ...