If Sustainable Finance is to grow at a rate required to fund the global transition, internationally agreed sustainability reporting standards will be needed to achieve consistent and comparable reporting on ESG matters.
GFMA has responded to a consultation paper published by the Trustees of the International Financial Reporting Standards (IFRS) Foundation that looks help establish these standards.
We support the establishment of a uniform international standard, but stress that it will be pivotal for the Sustainability Standards Board to work hand in hand with major organizations and authorities involved in sustainability reporting standard setting to leverage on their experience and work accomplished to date.
