The International Ethics Standards Board for Accountants (IESBA) has announced the release of its new proposed standards for ethical considerations in sustainability reporting and assurance, aimed at mitigating greenwashing and elevating the quality of reported sustainability information.
The new proposed standards come as companies globally gear up to begin reporting on sustainability and climate-related risks, opportunities and impacts, with the emergence of a series of new sustainability disclosure standards and regulatory requirements, including the EU’s Corporate Sustainability Reporting Directive (CSRD), the U.S. SEC’s upcoming climate disclosure rules, the recently launched IFRS climate and sustainability reporting standards by the International Sustainability Standards Board.