Standards Board . The measures aim to set a single, global baseline for reporting on carbon emissions and other environmental and social issues. They are designed to consolidate the array of existing standards used around the worldThe joint statement lends the considerable influence of the pension plan investors – they collectively manage more than $2-trillion in assets – to the new ISSB standards, giving the rules added credibility.
“To achieve this, we need companies to be transparent,” the joint statement says. “We believe widespread adoption of this new global baseline will spur companies to more closely examine and manage activities that are having an increasingly material impact on long-term value creation.” All of Canada’s eight largest pension fund investors – commonly called the Maple Eight – are signatories to the statement. They are the Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec,
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