Sustainability Pledges By Business Are Outshining Those By Government

if a business is truly serious about its commitments to incorporate sustainability throughout its operations.and bring on new directors who can give more than just lip service to businesses’ commitments to sustainability on a companywide basis.

Much like the IASB, the ISSB, drawing on the advice of a stable of independent global experts on corporate sustainability, is to develop a universal set of standards upon which businesses’ disclosures on sustainability would be required to adhere to. The establishment of the ISSB is important innovation. But how quickly it can become effective—and widely accepted—will be a challenge unless credible progress can be achieved in the near term.

Placing a monetary value on that gap can be a powerful tool to help bring market prices in line with social costs.

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Source: TheEconomist - 🏆 6. / 92 Read more »