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.

Image: Michael Vi/Shutterstock
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
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda