ESG Standards and Disclosures: The Good, the Bad, and the Ugly
May 16, 2023
As investors clamor for reliable corporate reporting and regulators around the world introduce mandatory climate disclosure requirements, there is still confusion around ESG metrics and disclosures – and their connection to the ratings ecosystem. The International Sustainability Standards Board (ISSB) was established in 2021 to create a comprehensive global baseline of sustainability-related disclosure standards on a range of issues including greenhouse gas emissions, water, and more. Yet many questions remain. What information do global investors actually need and how should they approach ESG ratings? How should data be defined and sourced? Will global standards hasten (perhaps a more just) energy transition or will they increase greenwashing? And what’s next for global transparency and standardization efforts? Ultimately, how is ESG information related to firm performance and value creation? As we look to increased adoption of sustainability reporting by companies around the world, join us for a conversation on what is working, what isn’t, and what could go wrong.
Tom Gosling, Executive Fellow, London Business School/European Corporate Governance Institute
Christian Leuz, Charles F. Pohl Distinguished Service Professor of Accounting and Finance, University of Chicago Booth School of Business
Kenza Bryan, Moral Money Reporter, Financial Times