Collaboration for Standardized Reporting, Challenges for Investors, and Global Climate Reporting Rules

Collaboration between the International Sustainability Standards Board (ISSB) and the Global Reporting Initiative (GRI) aims to create a common approach for companies to report on their environmental, social, and governance impacts in Asia. The initiative aims to improve reporting, reduce costs, and streamline due diligence. The EU and the US are introducing new rules to make carbon disclosures mandatory, but experts say that only big investors have the resources to assess the data, leaving smaller investors at a disadvantage. Stock exchange regulators have endorsed the International Sustainability Standards Board's (ISSB) climate reporting standard, hoping to become a global baseline for reporting sustainability information.