Pace of new climate, sustainable business rules will not let up

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The past year was the busiest ever for climate and sustainability rulemaking, with no let up expected in 2023 as policymakers tighten the net around flaky or fraudulent corporate behaviour.

set out climate-related disclosure rules for companies to be finalised in 2023, meaning corporations can no longer hide behind an unregulated patchwork of voluntary norms.

ESG rules will also fast become mandatory rather than optional in 2023 - with the EU expected to push out 200 pages ofin January alone to help market participants use its green taxonomy, a list of environmentally friendly activities, and other ESG rules. With so many rules popping up, a key task of regulators globally will be how they all sync together, making it easier for businesses to manage and ensuring bad practice in one area is not displaced to another.

The work of ISSB will also be key in pushing forward a global baseline for the climate-related information shared by companies with investors, making it easier to compare corporate efforts across the world. However, this is only likely to happen in stages from 2023 given there are no global taxonomies or rules on what constitute sustainable investments.

 

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Stop it, corruption is what will bring this country down.

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