New international ESG regulatory proposals, in a nutshell
How legislators worldwide are seeking to make industry more sustainable
National and supranational political and legislative assemblies across the world have been releasing updated regulations to hold local governing bodies, businesses, and investment funds accountable to ESG goals. Examples of regulatory organisations that have recently published updated ESG regulations include the Securities and Exchange Commission (SEC) in the USA, the ‘Fit for 55’ plan by and covering the European Union (EU), and Ping An’s ‘Guidance for Enterprise ESG Disclosure’ in China.
Other ESG regulatory bodies working towards establishing tangible frameworks to measure results organisations achieve against definitions of ESG success include the Australian Sustainable Finance Institution (ASFI), and the Financial Services Agency (FSA) in Japan. These relatively local regulators have been galvanised into action by the International Sustainability Standards Board (ISSB), which has demanded the development and implementation of “common rules for disclosures about climate risk and other environmental, social and governance (ESG) issues”.
Clearer international standards of climate-risk disclosure
The ISSB in March 2022 proposed frameworks for regulators about how organisations should disclose the…
