FCLTGlobal supports the creation of a new International Sustainability Standards Board (ISSB), and congratulates the IFRS Foundation, Climate Disclosure Standards Board, and Value Reporting Foundation on their new partnership to develop a comprehensive global baseline of high-quality sustainability disclosure standards.
FCLTGlobal’s mission is to focus capital on the long term to support a sustainable and prosperous economy. A key lever to achieve that mission is alignment on quantitative, assurable, and comparable metrics around what really drives sustainable businesses. Yet research indicates that there is still a disconnect between what investors need and what companies are disclosing. While there are many interested parties, to be on a similar footing with traditional financial disclosures, sustainability disclosure must be material to both a company and to investment decision-makers.
Over the past year, FCLTGlobal and the World Economic Forum (WEF) convened leading data and analytics providers to share insights on how they may ensure the consistent flow of information to support the global economy’s sustainable transition to a more sustainable path. In May 2021, the group endorsed the establishment of a Sustainability Standards Board.
Both the corporate and investment community will benefit from the consolidation of sustainability disclosures, and we are thrilled that the IFRS Foundation will lead that consolidation moving forward. FCLTGlobal looks forward to the advancement of this important work with ISSB at the helm, with a specific eye toward ensuring corporate disclosures include metrics that are materially linked to a business’s sustainable long-term value creation.
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7 December 2020 - To the IFRS Foundation: FCLTGlobal is a 501(c)3 not-for-profit research organization that develops research and tools that encourage long-term business and investment decision-making across the global investment value chain. Focusing Capital on the Long Term began in 2013 as an initiative of CPP Investments and McKinsey & Company, which together with BlackRock, Dow, and Tata Sons founded FCLTGlobal in July 2016. In addition to our Founders, today our 50+ Member organizations span the investment value chain, including asset owners, asset managers and corporations, and are committed...
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18 June 2021 - In light of demand for climate change information and questions about whether current disclosures adequately inform investors, the SEC recently requested public input on climate change disclosure.