A push for ESG standards

The International Organization of Securities Commissions (Iosco), the umbrella body for securities regulators, is seeking to harmonise rules governing how companies disclose sustainability risks in the face of increasing pressure from investors for transparency compatible measures.

As reported in the Financial Times, the organisation is seeking “commonalities” among the current varieties of sustainability standards in order to create a new comprehensive and definitive set, and combat issues of greenwashing.

Iosco is creating a task force to manage the operation that will also reportedly look at the role of credit rating agencies.

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