Sustainability reporting is something that both financial statement preparers and investors have been discussing for years, and it’s expected to become even more of a hot button issue in the US as a new administration focused on climate change takes charge of capital markets oversight.
It’s fair to say that in Europe, the debate regarding ESG reporting practices is more evolved. There is already a movement to adopt a practice known as “extinction accounting” where companies report on the impact they have in biodiversity.
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