Efforts by various international organizations to develop common global sustainability reporting standards continue to run into roadblocks, as different groups propose diverging approaches and methodologies to enhance ESG disclosure.
As reported by Responsible Investor (link below in our Top Stories), the G7 Impact Taskforce that was created in July (under the UK’s presidency of the G7), recently commented about reporting standards being developed by the International Sustainability Standards Board (ISSB), an even newer group launched at COP26 in Glasgow.
Our annual in-depth review of corporate sustainability / ESG reporting trends is here and available for your reading. In our 2021 report, you will find detailed analysis of the reporting trends of the S&P 500® Index and Russell 1000® Index companies, which shows that ESG reporting is increasingly being adopted by mid-cap companies.
GLASGOW, Scotland, November 22, 2021 /3BL Media/ - This week the COP26 news reports coming out of this city seem to be everywhere. The Conference of the Parties (“COP”) is the annual gathering sponsored by the United Nations (this is the 26th) of world leaders in public, private and social sectors, coming together to debate and decide on the future path of the global society’s efforts to address climate change challenges.
The gathering of the family of nations in Glasgow, Scotland for COP26 (the annual United Nations Climate Change Conference) is drawing near. There is an increasing flow of news and opinion related to the big event as the UN, almost 200 sovereign governments, NGOs, corporations, and other constituencies announce a widening range of developments related to the coming summit.
The number of ESG disclosure and reporting guidelines, frameworks and standards continues to expand – here comes the GRI Universal Standards, the SASB XRBL Taxonomy, and much more. The range of available transparency tools is making it more challenging for corporate management and investors to navigate.
Collaboration – Cooperation – Collective Action: buzz words that really matter today as the nations of the world come together to address a wide range of climate change challenges. Public sector leaders, asset managers, corporate boards and managements, NGOs, activists, scientists, and civic leaders in many nations (developed and developing) will participate and/or tune in to the Glasgow proceedings, which have the potential to dramatically impact strategies, plans and programs of many organizations.
When corporate managers talk about their company’s ESG and sustainability efforts it is most often now in the context of “our corporate sustainability journey.” The hallmarks of this journey are continuous improvement in the enterprise’s ESG performance indicators and ever-increasing and more robust disclosure to inform investors and other stakeholders.
The European Union is a collaborative effort of 27 sovereign nations on the continent organized to marshal the resources and collective capabilities of these member states to address economic, military, trade, travel, and other important issues. The EU grew out of early post-WWII efforts to create a “common market” on the continent and to encourage closer peacetime relations among the disparate nations and cultures of western Europe.
Superstorms with drenching downpours. Wildfires consuming vast stretches of western-lands forest. Hurricanes coming ashore with devasting effects, during and after the storm. Once-in-a-hundred-year weather occurrences happening last year and the year before and…
If your company has not yet started your sustainability journey, then here in August 2021 the stakes are getting higher for your Board of Directors and C-suite. Even if your company has already made good progress on ESG and sustainability, the stakes for your company are rising as peers that have already invested time, money and resources in their sustainability journey are steadily upping their game and striving for leadership.