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Standards Board Seeks Tougher ESG Accounting Rules for Companies

May 20, 2022, 9:21 AM

Corporate ESG reports should no longer just focus on the financial risk facing an organization, but also reflect the impact a business has on the people and environment in which it operates, according to the organization now writing new global guidelines.

“Investors need this information to understand the risks they are taking on,” Sue Lloyd, vice-chair of the International Sustainability Standards Board, said in an interview.

Lloyd spoke after holding talks with authorities in the US, EU, China, Japan and the UK, as part of efforts to create new rulebooks for environmental, social and governance reporting akin to ...