Navigate the complex landscape of ESG implementation
Scrutiny of ESG is increasing rapidly, and interest in incorporating strong practices in business and investment decisions by government and regulatory sectors is growing. To ensure the evolving ESG ecosystem can address our global priorities, objectives, and sustainability needs, we must be equipped with technical guidance to ensure common understanding of management approaches, sustainability information and credible, verifiable systems of measurement and assurance.
In response to this need, IWA 48 Framework for Implementing ESG Principles is being developed. This initiative is a collaborative effort led by the International Organization for Standardization (ISO), the British Standards Institute (BSI), the Brazilian Association of Technical Standards (ABNT) and the Standards Council of Canada (SCC).
Enhance ESG reporting with clear guidelines and best practices
The document will provide a high-level international structure and core principles for implementing and embedding ESG within the culture of an organization. It will support management of ESG performance, as well as measurement and reporting under existing disclosure frameworks to enable consistency, comparability, and reliability of ESG reporting and practices globally.
This framework can be used by all organizations in all sectors but in particular SMEs and organizations in developing countries. It will be complementary and interoperable with existing voluntary and regulatory reporting frameworks to facilitate global harmonization and alignment on ESG principles and approaches. It is not in itself a reporting framework.
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