Jumble of ESG standards groups begins to clear as two merge

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By Jon Hay
26 Nov 2020

The first move has been made to consolidate the alphabet soup of industry bodies that try to raise standards in corporate reporting on environmental, social and governance issues — an essential feedstock for responsible investing. More mergers are likely as the private sector races to strengthen its influence before regulators take control.

The Sustainability Accounting Standards Board, headquartered in San Francisco, is combining with the International Integrated Reporting Council, based in London, to form the Value Reporting Foundation.

“The market wants consolidation,” said Jonathan Labrey, chief strategy officer at the IIRC in London. “There are too many standards and frameworks ...

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