Investment - Articles - New ISSB standards are a welcome step forward

 “The ISSB’s inaugural standards are a welcome step towards a standardised disclosure framework, which we hope will bring more comparability in the market. At Aegon UK we support increasing climate disclosures and adopting a green taxonomy. Given the present complexity of different reporting frameworks, we believe that sustainability reporting standardisation will drive accountability and transparency.

 “We’re encouraged by the amount of new information made available by companies and financial institutions especially on the impacts and risks presented by climate change, human rights issues and biodiversity loss. Although sustainability reporting can be resource-intensive, we believe that investors need accurate and up-to-date information to unlock better management of the sustainability risks and opportunities they face.

 “We welcome the progress ISSB is making to develop a global reporting standard, and are encouraged that they are leveraging the Task Force on Climate-Related Financial Disclosures and Taskforce on Nature-Related Financial Disclosure recommendations. We hope that these disclosures ultimately support financial markets in taking action on systemic risks such as climate change. We urge companies, investors, regulators and standard setters to continue to build out sustainable disclosures that are aligned with science and focused on outcomes.”