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Plans afoot for global sustainability standards

IFRS Foundation aims to unify ESG reporting, rationalize fragmented ecosystem The International Financial Reporting Standards (IFRS) Foundation plans to propose a new set of sustainability standards by the end of September with the goal of establishing a sustainability standards board at the UN Climate Change Conference COP26 in November. As the current practice of sustainability

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Investors want more standardized sustainability disclosures

According to this recent study from consulting firm McKinsey, investors want to see a different kind of sustainability reporting. The authors observe that, in light of mounting evidence “that the financial performance of companies corresponds to how well they contend with environmental, social, governance (ESG), and other non-financial matters, more investors are seeking to determine whether executives

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Abu Dhabi’s stock exchange sets out new disclosure guidelines

Listed companies will release reports on environmental, social and governance by the end of 2019 Abu Dhabi Securities Exchange (ADX) has issued new guidelines for listed companies on environmental, social and governance disclosure, as part of its strategy to promote sustainability in the financial markets. The set of 31 key performance indicators is in line