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SEC’s Lee Eyes International Green Accounting Rules as Baseline

May 24, 2021, 8:45 PM

SEC Commissioner Allison Lee said Monday that she’s hopeful international efforts to form a green accounting standards board will provide a disclosure model that could be adopted worldwide.

Such a sustainability standards board could “stand up a regime that we can all buy into,” Lee said in remarks to a webinar hosted by the American Institute of CPAs. She said the board could offer a global baseline for disclosures that could be adjusted to meet the needs of different countries.

  • The International Financial Reporting Standards Foundation has pledged to create the green standards board by the end of the ...