Sustainable Investment Spotlight - Measuring and improving corporate ESG performance

The last 12 months have seen a plethora of announcements on how companies and
investors can report their ESG performance. The EU has developed a new taxonomy. The SASB has now merged with the IIRC. Countries are beginning to mandate TCFD reporting. All these institutions are promoting a new International Sustainability Standards Board, with plans to announce a new institution before the COP26 talks in November. 

• Perhaps more immediately, the International Accounting Standards Board has made clear that climate must be considered in drawing up company accounts. The IAASB is demanding the same of audit.
• So are we nearly there- in creating a comprehensive framework for ESG reporting? What is the promise of these reforms; will they create a single global recognised methodology. And if they do, what difference will it make?