According to ISO, as companies face increasing ESG scrutiny and a substantial increase in ESG regulations, including the EU’s CSRD, the UK’s Modern Slavery Act, and the ISSB’s IFRS S1 and S2 disclosure requirements, while sustainability reporting continues to suffer from inconsistencies and variations across different jurisdictions, company sizes and sectors, with the guidance aimed at enabling more consistent reporting. ISO said that the principles are applicable to organizations ranging from small businesses to multinational corporations, as well as ESG consultants, academia, research institutions, and NGOs.
“The principles are designed to support effective and transparent sustainability practices through a standardized structure which provides organizations with all the information needed to achieve their ESG ambitions, regardless of where they are on their journey.”, ISO said.
Click here to access the new ISO ESG Implementation Principles (IWA 48:2024
Framework for implementing environmental, social and governance (ESG) principles).
