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Tell Companies How To Measure Green Issues, Standard Setter Says

Oct. 29, 2020, 2:18 PM

Management commentaries should provide concrete measures of sustainability issues such as climate change, the head of the International Accounting Standards Board said Thursday.

IASB chairman Hans Hoogervorst made the comments at the standard setter’s October meeting while discussing changes to the guidance for management commentaries, to ensure they cover things of long-term significance to companies, including sustainability. He said the proposals were too abstract and should instead include references to specific outside guidelines for sustainability reporting. Doing so would show companies how to provide concrete measurements in areas such as carbon emissions and employee retention rates, which aren’t covered ...