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Sustainability reporting - Coggle Diagram

- - - - that would operate under its existing governance structure
      - Because of the International Accounting Standards Board’s (IASB®) relationships with global governance bodies and industries, and its expertise in international standard-setting
        
        play an important role in global sustainability reporting
    - - the new board would focus on information that is material to the decisions of investors and other participants in the world’s capital markets
      - the new board would initially focus on climate-related reporting while also moving quickly to work towards meeting the information needs of investors on other environmental, social and governance (ESG) matters
      - the new board would build on the well-established work of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD), as well as work by the alliance of leading standard-setters in sustainability and integrated reporting focused on enterprise value
      - by working with standard-setters from key jurisdictions, standards issued by the new board would provide a globally consistent and comparable sustainability reporting framework
- - - - promote comparable reporting and
        
        A set of comparable and consistent standards would allow companies
        
        to create public trust through greater transparency of their sustainability initiatives
        
        which would be helpful to investors. Investors require better disclosure of such information as climate risks and sustainability indicators
      - reduce the complexity in approaches and objectives