ISO markets ESG performance and reporting principles

The International Organization for Standardization (ISO) has announced the launch of the ISO ESG Implementation Principles, a new set of guidelines designed to enable companies worldwide to improve ESG integration, performance, measurement and reporting.

According to ISO, the new principles are being published as companies face increasing ESG scrutiny and a substantial increase in ESG regulations, including the EU's CSRD, the UK's Modern Slavery Act and ISSB's IFRS S1 and S2 disclosure requirements, while sustainability reporting continues. suffer from inconsistencies and variations across jurisdictions, company sizes and sectors, with the guidance aimed at enabling more consistent reporting. ISO said the principles are applicable to organizations from small businesses to multinational corporations, as well as ESG consultants, academia, research institutions and NGOs. (Mark Segal, more at esgtoday.com)