The head of the international securities watchdog is warning against arguments erupting over separate sustainability reporting standards being developed by European and global bodies.
“I am not sympathetic to the polarization instinct that would set the EU and the ISSB against each other and turn this moment into some sort of macho test as to who wins and who loses,” Martin Moloney, secretary general of the International Organization of Securities Commissions, said in an email Thursday, referring to the International Sustainability Standards Board.
The ISSB is consulting over the first two reporting standards it is writing—covering companies’ investor-directed ...
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