"Common standards unveiled Monday for companies to report their greenhouse gas emissions could curb misleading climate claims in the corporate world, the chair of the body that wrote the norms told AFP.
Currently, most large companies report how many tons of carbon they emit into the atmosphere each year, but the data is often not reliable.
The poor quality of data and lack of common standards allows companies to overstate their climate credentials—the practice of "greenwashing".
The new standards issued by the International Sustainability Standards Board (ISSB) on Monday will set uniform sustainability and climate standards for companies to follow worldwide from 2024. "
Source: AFP, 06/27/2023
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