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No ‘Green’ Accounting Standards on Horizon for U.S. Rulemaker

Nov. 4, 2020, 6:55 PM

U.S. accounting rulemakers don’t plan to tackle questions about whether companies need to report so-called environmental, social, and governance issues like how climate change affects their business or how they treat employees.

“Right now, that’s not in our charge,” Richard Jones, the Financial Accounting Standards Board chair, said Wednesday at a virtual Financial Executives International conference.

If there’s a journal entry for an item, “that falls within our scope,” he said. Anything broader is “not within our scope,” he said.

  • Companies voluntarily report information about details like their carbon footprints in separate sustainability reports and sometimes in their securities ...