Proposed global sustainability disclosure rules need simplifying and phasing in to avoid fragmenting how companies report on the impact of climate change on their business, Britain's government said on Monday.
The new International Sustainability Standards Board was set up last year to write global baseline rules for companies to disclose the risks and opportunities from climate change to help crack down on greenwashing or companies exaggerating their green credentials.
They would be even harder for companies in emerging and developing markets with no such experience in areas such as putting a monetary figure on risks and opportunities from climate change, he said.
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