Investment Association Calls on G7 Summit to Escalate Commitment to Climate Change

The Investment Association (IA) is calling on this year’s G7 Summit to do more to tackle climate change by committing to improve companies’ reporting on climate-related risks. It proposes actions including support for the IFRS Sustainability Standards Board to develop sustainability reporting standards and increased cooperation between national regulators to implement the standards. The IA states: “Investment managers have a vital role to play in the shift to a more sustainable global economy. Ensuring high-quality and comparable data on the risks that companies face from climate change is key to achieving this and meeting net zero targets.”