Global Body Moves Toward Mandatory Green Accounting Rules

The body responsible for international accounting standards is teaming up with the leading organizations setting voluntary green reporting standards to start developing mandatory rules.

The International Financial Reporting Standards Foundation, parent body of the International Accounting Standards Board, said Monday that it was forming a working group with leading sustainability reporting bodies including the Value Reporting Foundation and the Global Reporting Initiative.

The working group will try to speed up uniform sustainability reporting standards and help with preparations for an international board under the IFRS Foundation to oversee them.

• The IFRS Foundation will head the working group, which ...