Establishing a global baseline  y  (  )  g  g  standard for sustainability reporting – starting with climate – is important for promoting  convergence of approaches, as well as consistency and comparability of firms’ disclosures across the globe. The ISSB has been consulting on its two draft standards, respectively on general sustainability-related financial information and on climate-related disclosures.
Both are “global” issues, but they will have to be managed at the national, as well as the international, level. As such, they are at the core of ongoing G20 discussions, including those taking place this week in Toronto. I’ll start by taking a very brief look at the Canadian economy – where we are now, and where we appear to be headed.