There are now 100 different sustainability disclosure requirements in place or under development around the world, according to data and research provider Sustainable Fitch’s ESG Regulations and Reporting Standard Tracker tool. While there has been some progress towards global alignment, such as the publication of the International Sustainability Standards Board sustainability and climate-related disclosure standards, market participants continue to face varying requirements on a jurisdictional and regional basis. Respondents to a recent Sustainable Fitch webinar on ESG regulations said ESG-related regulation is necessary and that it will ultimately be manageable, but the growing number of requirements does represent a challenge.
