ISSB Takes the Lead on Global Sustainability Disclosure Standards – Will the U.S. Follow?

One of the more vexing issues limiting the adoption of and reliance on mandatory environmental, social and governance (ESG) disclosures has been the lack of common standards or consistent methodologies for collecting and reporting verifiable and reliable data, measuring performance, or comparing performance within or across sectors. The absence of such a consistent framework – indeed the proliferation of literally hundreds of widely varying approaches – has led to widespread confusion with companies gravitating toward the framework that puts them in the best light.