In my last article, What is ESG and why is it relevant now? I highlighted that central banks and financial regulators worldwide are coming together with the shared goal to ‘counter greenwashing’, the practice of claiming environment, social, governance (ESG) performance in excess of actual performance, and to ensure that ESG data is meaningful.

As part of this effort, more than 40 jurisdictions have already committed to adopting new accounting standards being issued by the International Sustainability Standards Board (ISSB).