BlackRock backs global sustainability reporting standards
The fund manager says investors and corporates need common and comparable data, amid IFRS consultation on global sustainability reporting.
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BlackRock, the world’s biggest fund manager, has put its shoulder behind the creation of a single set of global sustainability reporting standards.
The support is timely. If implemented, new standards could unify a raft of reporting schemes promoted in numerous quarters around the globe with a single set of guidelines for disclosing corporate performance on sustainability issues.
Sandy Boss, head of investment stewardship for BlackRock’s $7.8trn in assets, told Reuters in a statement that both investors and corporates need common and comparable data.
Last month, the world’s accounting standards body, the International Financial
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