{"id":30743,"date":"2020-12-24T19:06:30","date_gmt":"2020-12-25T00:06:30","guid":{"rendered":"https:\/\/test.greenmoney.com\/2025\/?p=30743"},"modified":"2021-01-29T08:19:51","modified_gmt":"2021-01-29T13:19:51","slug":"esg-moves-towards-a-single-standard","status":"publish","type":"post","link":"https:\/\/test.greenmoney.com\/2025\/esg-moves-towards-a-single-standard\/","title":{"rendered":"ESG Moves Towards a Single Standard"},"content":{"rendered":"
>> Back to January 2021 Issue<\/a><\/div>\n

\"CCMHas the Hydra-headed, variously defined beast known as ESG finally been harnessed into a single, overarching authority for values-driven investment?<\/h3>\n

ESG-driven products have continued to attract billions at a rapid rate during the last year, including a record $36 billion in October alone. The market keeps calling for a common set of rules to guide and govern such investments in a sector with an estimated 600 different ESG rating frameworks. Has that call been answered?<\/p>\n

A newly created organization, The Value Reporting Foundation<\/a>, formed by the merger of the Sustainability Accounting Standards Board (SASB) and the International Integrated Reporting Council (IIRC), looks to have stepped up to try. The foundation\u2019s proposed goal: \u201cproviding investors and corporates with a comprehensive reporting framework across the full range of enterprise value drivers and standards to drive global sustainability performance.\u201d<\/p>\n

Both SASB and IIRC, leaders in their respective areas of operations, had asked for such joint action, along with some other climate-focused groups, including CDP (formerly the Carbon Disclosure Project), the Climate Disclosure Standards Board (CDSB), and the Global Reporting Initiative (GRI). Each of these organizations has distinctive origin stories and specific missions. But they share the common objective of establishing a reporting system that can measure and manage financial factors in business that are affected by climate change. Now, these multiple and overlapping systems look to become aligned (the \u201chow\u201d\u2014the real nitty-gritty of the doing\u2014 is to be determined), creating a simplified reporting framework that will offer guidelines for practices, benchmarks and taxonomic definitions \u2014 in short, a commonly agreed-upon set of rules and regulations by which investors and advisors can confidently operate.<\/p>\n