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Accounting rule-setter consults on a sustainability standards body

Wed, 30th Sep 2020 10:34

LONDON, Sept 30 (Reuters) - Setting up a new standards board
for sustainability could make it easier for investors to compare
climate-friendly companies, a global accounting body said on
Wednesday.

The International Financial Reporting Standards (IFRS)
Foundation, which sets accounting rules used in over 100
countries, published a consultation paper on sustainability
standards.

"Calls for standardisation and comparability of reporting on
sustainability and climate-change issues continue to grow as
these matters become increasingly important to capital markets,"
said Erkki Liikanen, chair of the IFRS Foundation Trust.

"We therefore seek to assess whether there is demand for
global sustainability standards and whether the IFRS Foundation
should play a role in developing such standards."
(Reporting by Huw Jones; editing by Maiya Keidan)

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