Climate change

The group is urging CFOs and other finance leaders to improve the quality of sustainability information and processes by championing an “integrated mindset.”

The International Sustainability Standards Board is reaching quorum strength with the latest appointments.

The Sustainability Accounting Standards Board held its final public meeting Wednesday ahead of the consolidation of its parent organization, the Value Reporting Foundation, into the International Sustainability Standards Board by the end of June.

A new analysis finds that when renewable energy credits — which have come under heavy scrutiny — are removed from companies’ carbon accounting, many businesses are no longer on track for meeting climate goals pegged to the Paris Agreement’s aims of limiting global warming to 1.5° or 2° Celsius.

Companies with plans to eliminate greenhouse gas emissions have so far not managed to meet the most basic criteria, according to a new analysis.

The Top 100 Firm aims to recognize U.S.-based businesses that are “changing the game” with their commitment to environmental, social and governance practices.

The foundation laid out how it will be using the standards and the integrated reporting framework it is inheriting from the Value Reporting Foundation.

Climate change could cost the global economy $178 trillion over the next 50 years, a 7.6% cut to global GDP in 2070 alone, according to estimates from the Big Four firm.

Finance ministers and central bank governors are asking the new board to go beyond climate change disclosures to set standards in other areas related to nature and social issues.

The board described some broad steps Wednesday to achieve the baseline by the end of the year.