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Post by account_disabled on Mar 2, 2024 23:37:33 GMT -5
Upcoming move by two of the dominant organizations developing corporate environmental, social and governance (ESG) performance tracking systems could bring sustainability reporting one step closer to the financial mainstream. The Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) announced ahead of the Global Climate Action Summit (GCAS) last week that they will move forward soon with a Bloomberg-funded effort to bring their standards in line with each other wherever possible. Reporting standards to align with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), a global group established by BTC Number Data the Financial Standards Board after the G summit in The TCFD’s recommendations, released in June , offer a disclosure framework built around getting financial markets participants the information they need about how climate-related issues may affect their companies or investments. Asset owners in the last months have increasingly been interested in this set of issues," said Brian Deese, global head of sustainable investing at BlackRock, the world’s largest investment management company, during a panel discussion at GCAS. Asset owners in the last months have increasingly been interested in this set of issues. Since the United Nations launched the Principles for Responsible Investment in , the number of investors that have signed on to the voluntary agreement to promote ESG issues and incorporate them into investment analysis and decision-making processes has grown from fewer than to more than.
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