IOSCO and IFRS aim to present their ESG standard prototype at COP26

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Fernando Rodríguez | Ahead of the COP26, IOSCO, the international forum which encompasses 95% of global stock market regulators, is collaborating with IFRS, dedicated to developing standards for financial and non-financial information. The two organisations are working flat out to be able to present an ESG standard prototype, and its corresponding recommendations, to financial intermediaries at the conference on climate change to be held in Glasgow, Scotland, October 31-November 12.

IOSCO and IFRS’ Sustainability Task Force (STF) have been working since spring 2020 on a global framework which will serve to unify the information on this area which share issuers and asset managers have to provide. In addition, they are looking to define the role that providers of data and ESG risk qualifications should play. The objective is to homogenize reporting criteria, prevent greenwashing and ensure investors’ interests are protected.

The standard “platform” which the two organisations in question are working on would be compatible with the diverse reporting metrics and models currently operative in the market.

About the Author

Fernando Rodríguez
Fernando Rodriguez is in charge of PR and Development at The Corner. He has worked for over 30 years for financial publications like Expansion, El Economista, Dossier Empresarial, Ciudadano and Afa Press-Worldfolio and has been a contributor to El Pais-Negocios, Emprendedores, Época, Sector Ejecutivo and Consejeros. Fernando holds a degree in Journalism from CEU-San Pablo (Complutense University) and a master’s degree in Strategic Communication from CESMA business school. As a communication consultant, he has developed PR projects for firms like Grupo Bancaja, JP Morgan, GBS, Corpfin, QBE, Howden, Asociación Española de Leasing y Renting (AELR) or Asociación Española de Accionistas Minoritarios de Empresas Cotizadas (AEMEC).