December 14, 2020
The world of socially responsible investments that track environmental, social, and governance principles is disparate and varied, but the world is working toward a greater standardization to keep the ESG theme in line.
Janine Guillot, head of the Sustainability Accounting Standards Board, argued that reporting standards in ESG investing could converge within 12 to 24 months, Barron’s reports.
In a joint interview with Brian Moynihan, CEO of Bank of America, he backed the work of SASB, which provided a leading framework to report sustainable metrics. While there are competing efforts by the International Business Council of the World Economic Forum, which he leads, and the Big Four Accounting Firms, their intentions should not be misconstrued.