ESG Reporting Should Cover Anything Material, Global Chief Says

Materiality is the key issue in determining what companies should have to disclose in sustainability reports, according to the International Sustainability Standards Board chief. Defining sustainability, as some have suggested, is less important, he said.

“Deciding what is material is more important for me,” ISSB chair Emmanuel Faber said at the annual IFRS Foundation Conference Thursday. He said that sustainability could broadly be taken to mean things of material importance to a company and investors but not captured by financial accounts.

The ISSB issued its first two draft standards in March, covering climate ...