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ISSB proposes new nature-related reporting standards for corporations
The International Sustainability Standards Board (ISSB) has released draft rules aimed at standardizing how multinational companies disclose their impact on biodiversity. The proposed requirements, which are open for consultation until September, would require firms to quantify their dependencies on ecosystem services, such as pollination and water use, and link these factors to financial risks.
In related regulatory developments, the European Securities and Markets Authority (ESMA) is increasing enforcement focus on materiality in sustainability statements to combat greenwashing. This follows recent agreements by Coca-Cola, Nestlé, and Danone to overhaul their recycling and packaging claims following complaints in the European Union.
Other significant corporate and financial activities include Google and McKinsey signing a deal for 320,000 tons of carbon removals from a Brazilian nature restoration project, and Citi structuring an outcome bond where returns are tied to the generation of verified carbon credits.
Entities
Citi · European Securities and Markets Authority · Google · International Sustainability Standards Board · McKinsey
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] The ISSB released proposed nature-related corporate reporting requirements. thefinancialanalyst.net · www.esgtoday.com
- [● 2 SOURCES] Coca-Cola, Nestlé, and Danone agreed to improve their recycling and packaging claims. thefinancialanalyst.net · www.esgtoday.com
- [● 2 SOURCES] Google and McKinsey signed a deal for 320,000 tons of carbon removals from a Brazilian nature restoration project. thefinancialanalyst.net · www.esgtoday.com
- [● 2 SOURCES] ESMA is prioritizing materiality, impacts, risks, and opportunities in sustainability reporting enforcement. thefinancialanalyst.net · www.esgtoday.com
- [● 2 SOURCES] Citi created a bond with returns tied to the generation of verified carbon credits. thefinancialanalyst.net · www.esgtoday.com
- [○ 1 SOURCE] The proposed ISSB rules are open for consultation until September. thefinancialanalyst.net