The International Sustainability Standards Board published its inaugural standards on Monday to help countries regulate companies’ green claims.
By Rebecca Spree-Cole
The UK is considering adopting new rules aimed at clamping down on corporate greenwashing.
The International Sustainability Standards Board (ISSB) – a group set up at Cop27 to set global rules on climate reporting – published its inaugural standards on Monday to help countries regulate companies’ green claims.
Under the rules, firms would face more pressure to publicly disclose their impact on the climate including on their Scope 3 emissions – which covers the products or services that they sell.
The ISSB says the aim is to establish a common global language in which companies report their impact, to improve trust in climate reporting and to help to inform investors about sustainability-related risks and opportunities.
‘We have been really encouraged by the number of jurisdictions that have already indicated they will...
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