ESG & Investing
Corporate ESG Claims to Soon Face Audits to Address Greenwashing Fears
- New global audit standards to be finalized by the end of 2024
- Norway’s sovereign wealth fund among investors backing plan
This article is for subscribers only.
The disclosures that companies make about their green credentials will be evaluated by new global audit standards that are expected to be finalized by the end of next year.
The International Auditing and Assurance Standards Board (IAASB) set out its sustainability assurance proposals on Wednesday, with a consultation closing Dec. 1. The move reflects investor and stakeholder concern that corporate disclosures about sustainability aren’t always reliable.