ISO launches global ESG implementation principles

Here’s an “ESG News Survey” article (also see this article):

At COP29, the International Organization for Standardization (ISO) unveiled new ESG Implementation Principles to help organizations navigate the complex Environmental, Social, and Governance (ESG) landscape. These guidelines aim to simplify compliance with disclosure requirements and improve the measurement, reporting, and communication of sustainability efforts.

Why it matters: ESG regulations have surged by 155% globally in the last decade, creating a challenging landscape for consistent reporting across different jurisdictions, company sizes, and sectors.

Key details:

• The ESG Implementation Principles provide a standardized structure for effective and transparent sustainability practices, applicable to all organizations—from small businesses to multinational corporations.
• They facilitate the integration of ESG principles into organizational culture, addressing environmental impacts, social considerations, and governance practices for a holistic approach to sustainability.

Collaborative effort: Developed by national standards bodies including the British Standards Institution (BSI), the Standards Council of Canada (SCC), and the Brazilian Association of Technical Standards (ABNT), the guidelines incorporate input from over 1,900 industry experts across 128 countries.