It was launched at the United Nations' COP 26 climate summit in November 2021 following a call from world leaders, investors and regulators for a more rigorous approach to company climate disclosures to combat greenwashing, or exaggerating green credentials. It is a sister body of the International Accounting Standards Board, whose accounting rules are used in over 140 countries. It runs alongside the United Nations General Assembly, which this year features a one-day climate summit. This is timely given rising public fears ' and citizen action ' over weather conditions, pollution, ocean health and dwindling wildlife. It also reflects the understanding of the growing business case for action. The UN's Strategic Development Goals and the Paris Agreement provide the architecture for resolving many of these challenges. But to achieve this, we need to change the patterns of production, operation and consumption. The overall aim is for the two-part standards to show investors how...
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