The call highlights the challenges in developing alignment between global ESG reporting standards.
By Paul A. Davies, Sarah Fortt, Betty M. Huber, Michael D. Green, and James Bee
The European Central Bank (ECB) and the International Monetary Fund (IMF), two of the world’s leading public financial institutions have stressed the importance of consistency in global ESG-disclosure standards in a public message to one of the pre-eminent global standards setters. The call reflects a key challenge inherent in developing a set of ESG-disclosure standards that satisfy all stakeholders, while regulatory developments in this area continue to evolve rapidly worldwide.
On 27 April 2022, the International Sustainability Standards Board (ISSB) 
As expected, 2021 saw continued emphasis on environmental, social, and governance (ESG) issues on a global scale, by governments, regulators, NGOs, the private sector, and other important stakeholders. Indeed, 2021 has been variously described as “a watershed moment for ESG” and “the year of ESG investing”
Between 31 October and 12 November 2021, Glasgow hosted the 26th annual Conference of Parties (COP26) to the United Nations Framework Convention on Climate Change (UNFCCC), held under the presidency of the UK. Governments, corporations, academics, social groups, and other members of civil society converged with the aim of working together at the international level to tackle climate change.
On 3 November 2021, the International Financial Reporting Standards (IFRS) Foundation Trustees Chair, Erkki Liikanen, announced the long-awaited formation of the International Sustainability Standards Board (ISSB). The ISSB aims to address to one of the key issues that companies and investors have faced in relation to environmental, social, and governance (ESG)-related corporate reporting over recent years — the wide variety of different reporting frameworks and a lack of an authoritative market leader.
On 19 October 2021, the UK government 
Environmental, social, and governance (ESG) was more prominent than ever in 2019, as issues such as climate change and corporate responsibility regularly appeared in news cycles worldwide. This year, observers can expect even more focus on this area, with public awareness of ESG at an all-time high, and major ESG-related events set to take place.