It Will Take More than Global Standards to Build the Data, Disclosure and Decision-making Capacity for Climate Action

Emerging markets financial institutions are working hard to keep up with investor expectations as well as emerging regulations in their home countries. It will take more than a global standard to accelerate action at the pace that’s needed, and this should be done without overwhelming financial institutions’ capacity for data, disclosures & decision-making in the interim.

Comments received by the ISSB from its draft global sustainability and climate disclosure standards suggest a long path for emerging market financial institutions to build comprehensive & comparable climate dataIn the interim, the efforts they are taking should be supported as much as possible with a ‘dashboard’ approach that recognises the limitations of lookin...