The sheer volume of capital flows into sustainable, or ESG-focused, funds and products over recent months reflects the rapidly increasing number of investors with ESG-related preferences, or demands, when selecting those investments.  Evaluating, and comparing, the ESG credentials of different investment products presents significant difficulties, however, in circumstances where information and disclosures about those products – and even the terminology used – are, at best, inconsistent, and often incomplete; and, at worst, may attract accusations of “greenwashing”, by using marketing materials to mislead investors about the ESG approaches used in their products.

Continue Reading The CFA Institute releases Global ESG Disclosure Standards for Investment Products

On June 28, 2021, the Accounting Standards Advisory Forum (ASAF), a consultative and advisory group to the Trustees of the IFRS Foundation (Foundation), will meet to update its members on the status of the Foundation’s sustainability reporting project.

The ASAF update reported on (1) the April 2021 Feedback Statement (Feedback Statement) to the earlier September 2020 Consultation Paper and (2) the Exposure Draft (Exposure Draft) of proposed targeted amendments to the Foundation’s Constitution (Constitution) to accommodate a new International Sustainability Standards Board (ISSB) that would set proposed IFRS Sustainability Standards, comments on which are due by July 29, 2021.

Continue Reading Setting Standards for the Standard-Setters: Recent Developments in the IFRS Foundation’s Sustainability Reporting Project