New climate disclosure rules to be set by global accounting body

IFRS standards will allow investors to make clearer comparisons between companies

At COP26 in Glasgow on Wednesday, plans for a new framework for companies' disclosure of their impact on the climate is expected to be announced by the International Financial Reporting Standards Foundation. © Reuters

YUKO MATSUMOTO and SHIKO UEDA, Nikkei staff writers

November 3, 2021 19:02 JST

Updated on November 3, 2021 21:34 JST

TOKYO -- The corporate sector's impact on the climate will come under greater scrutiny as the International Financial Reporting Standards Foundation is set to establish a global standard for companies' disclosure of such risks by June.