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Navigating the Complexities of Sustainable Finance Reporting Standards
This chapter explores the challenges faced by sustainability professionals in reconciling multiple reporting standards like TCFD, CDP, GRI, and SASB, emphasizing the need for a unified standard for ease of comparison. It discusses the evolution from voluntary to mandatory reporting frameworks with a focus on CSRD and ISSB standards, highlighting the friction between them and the reasons behind the shift. The chapter also examines the global adoption of ISSB, the diplomatic considerations driving framework preferences in different regions, and the significance of investor response to companies’ sustainability efforts.