Global ESG Standard-Writer to Coordinate With National Bodies

The International Sustainability Standards Board will cooperate with several countries to ensure that the reporting standards it develops, aimed at investors, are compatible with those being set at national levels.

The ISSB said Wednesday that it has set up a working group with regulators and sustainability standard-setters from countries including the U.S. and China to make sure that any national disclosure rules don’t clash with international standards. Later this year, the ISSB said, it will set up a new advisory body to ensure compatibility with a wider range of countries for reporting of sustainability, or ESG, matters—environmental, social, and governance. ...