Corporate sustainability reporting is crucial in enabling better-informed decision-making from companies and financial institutions, and providing transparency for consumers, workers, local communities and policymakers. It is also essential for companies and investors to successfully steer the transformation towards net-zero by 2050 and nature-positive beyond 2030 while tackling the systemic risks from inequality across their operations, value chains and portfolios.

Global collaboration around on compatibility of standards is extremely important, and as part of this we are advocating for a high level of ambition. That’s why we call on the International Sustainability Standards Board to develop standards that sufficiently recognise and reflect the relationship between impacts and risks, adequately include impact data, provide critical forward-looking information and approach sustainability holistically.

Read the full civil society statement on the International Sustainability Standards Board here.