EU s ESG Reporting Standards Move Ahead While Global Rules Lag
International companies must follow the rules if they operate in Europe, Peter Paul van de Wijs, the Global Reporting Initiative s chief policy officer, said in a recent phone interview. That s feeding global impetus towards impact reporting, he said, drawing a contrast between the approach used by GRI and the EU, which emphasizes a company s impact on the world, and the ISSB s, which concentrates on how a company s value could be damaged by ESG issues.
By ‘explosion’ I thought they meant civil unrest. I guess that will come later.