ESG Reporting: Unified Approach and Challenges

Collaboration between International Sustainability Standards Board (ISSB) and Global Reporting Initiative (GRI) aims to create a common approach for companies to report environmental, social, and governance impacts in Asia, reducing costs and streamlining due diligence. The International Sustainability Standards Board (ISSB) has developed reporting standards for sustainability information in financial statements, emphasizing quantifiable metrics and aligning with existing guidelines. However, existing emissions reporting rules are unlikely to provide clear answers for investors, with significant variation in reporting and estimation methodologies, leaving smaller investors at a disadvantage.