‘Creating long-term value requires both a focus on financial and sustainability performance. This means we need tools for measuring sustainability performance just as we have for financial performance.
“If you can’t measure it, you can’t manage it.” Sustainability reporting standards help companies track and manage how the climate crisis impacts their business. including the risks and opportunities they face. These standards also allow investors to reward the companies taking action to manage climate risk – and avoid those that aren’t. It builds on work we’ve done through the Task Force on Climate-related Financial Disclosures and the Value Reporting Foundation to help businesses respond to climate risk. And it lays the groundwork for a single global organization to coordinate high-quality sustainability reporting standards.