top_five_big Voted top five of its week TOP FIVE

Vote 1 for implementing ISSB in all countries now

We learned at COP 26 (Glasgow, in 2023) that the key to unlocking trillions in funding to promote a super fast transition to renewables through private equity was the effective deployment of a scheme for universally accepted standards for determining the eco friendliness of corporations. The International Sustainability Standards Board (ISSB) was established and tasked with creating and administering a system for global standards to certify a corporation as environmentally friendly, or not. As most major pension funds, hedge funds and mega financial institutions are accountable to shareholders and other stakeholders - they say they prefer to support eco friendly businesses where possible - the ISSB was set up urgently to provide an easy, one stop process for telling investors whether a company is good or bad for the environment. The sooner the ISSB was operational, it was said, the sooner the funds will start to flow. The figure given by the economists at Glasgow on private equity funds that would be nudged toward greener investments was a gargantuan US$130 trillion. Following Glasgow, and given the urgency of the world's needs, the ISSB was established at breakneck speed and the scheme has been up and running since mid 2024. At this point - February 2025 - all countries in the world have said they will seriously consider legislating to give legal effect to ISSB. Some have committed to it, including Brazil, Japan and Costa Rica. But in most countries, right now the proposed legislation to give legal effect to ISSB is languishing in limbo somewhere between the bottom of the government in-tray and the too hard basket. The whole scheme is at risk of being forgotten. This idea is that the people of the world get together and demand all governments pass the legislation needed to give effect to the ISSB processes. Legislate ISSB everywhere now!
Vote
Views
77
GD Views
16
Vote Score
31.25 %
Comments