G20-backed standards body approves first sustainability rules for global firms

G20-backed standards body approves first sustainability rules for global firms

FILE PHOTO: Drone view of the financial district in London, Britain July 3, 2022. REUTERS/Yann Tessier

The G20-backed International Sustainability Standards Board on Thursday approved “global baseline” rules for firms disclosing how climate change affects their business, after calls to curb greenwashing in a “pivotal” year for climate reporting.