UK Plans Endorsement Mechanism for Global ESG Reporting Rules

The UK government said Wednesday it will “create a mechanism” to vet and approve ESG reporting standards being written by the new International Sustainability Standards Board.

The government will launch a consultation over the use of sustainability reporting standards later this year, Debbie Crawshawe, accounting expert at the Department for Business, Energy and Industrial Strategy, told an online meeting hosted by the Financial Reporting Council.

• Crawshawe said she wants the UK to signpost the way for other countries by being an early adopter of international standards. She said global standards might be “adapted” to fit in ...