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Asia must join effort to develop sustainability disclosure standards

Tackling corporate greenwashing requires global participation

| Europe
Demonstrators protest during COP26 in Glasgow on Nov. 3: the alphabet soup of standards and information opens the door to greenwashing.   © Reuters

Erkki Liikanen, a former governor of the Bank of Finland, is chair of the IFRS Foundation Trustees. Ashley Alder is CEO of the Hong Kong Securities and Futures Commission, and board chair of the International Organization of Securities Commissions.

It is now well understood that ambitions to tackle the climate crisis cannot be met through public funds alone; private capital will need to be mobilized at an unprecedented scale.

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