International Corporate Governance Network reposted this
It was a pleasure to be part of such an important initiative from International Corporate Governance Network, preventing #greenwashing and bridging investors and ethics standards aimed at supporting them. #corporategovernace #investors #standards #ethics #greenwashing
Gabriela Figueiredo Dias emphasises the need to produce ethics and independence standards fit for purpose for the "risks and threats and problems" that affect sustainability reporting, which aren't identical to financial reporting. In terms of the importance of regulation, to provide consistency between companies, "How do you think about the role of regulators?" David Madon he asks Akira Nozaki. "It's essential for a national regulator like us to take a flexible and dynamic approach" that meets stakeholders' needs, Akira says, and "we will continue to contribute to the establishment of an international disclosure framework". He says that educational materials on standards (eg from ISSB) will be very valuable. "Limited versus reasonable" assurance is key to understand, alongside what the early assurance reports will look like, says David Madon. Tom Seidenstein says the goal of "trying to get the same amount of trust engendered" on sustainability reporting as on financial reporting should drive outcomes. "Limited assurance is a pragmatic approach" given that there's only a certain amount of capacity at the moment, both among preparers and assurance providers, but "investor demands will play a big role" in the future of this, he says. Tom describes the assurance report as a means to convey information about the maturity of this process and so there should be a degree of comfort - "what does good look like across the maturity curve?" will be an ongoing discussion. https://lnkd.in/djgjGzrH #ICGN2024 #conference #governance #corpgov #stewardship #sustainability #investors #assetmanagers #assetowners #sustainability #sustainabilityreporting #assurance
Thank you so much for participating, Gabriela Figueiredo Dias! Great to have such a distinguished panel of international standard-setters.
Global Policy Director - Sustainability, Governance and Stewardship @ ICGN
1moThank you again Gabriela for speaking at our conference!