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Global Push Advances to Unify ‘Green’ Accounting Standards

Sept. 3, 2020, 8:46 AM

A decades-long push to make companies uniformly include the impact of climate change and other environmental and social issues in their financial reporting may finally be culminating in unified, international standards.

The European Union and the International Accounting Standards Board are both taking a hard look at what’s known as sustainability accounting, seeking to clear a path through a thicket of competing and conflicting rules.

“There could be a parallel body to the IASB dealing with sustainability reporting,” board vice chair Sue Lloyd said in a recent interview. “The IASB looks at financial reporting, not sustainability, but the two bodies ...