IOSCO urged issuers to address environmental, social and governance ("ESG") matters in disclosures to investors.
IOSCO stated that investors have become progressively interested in ESG disclosure, and have expressed a desire for improved "reliability and comparability of ESG information and disclosures." IOSCO stated that ESG disclosure practices remain inconsistent across the spectrum of issuers. For example, the type and quality of information disclosed may vary in and between markets depending on the disclosure frameworks and definitions utilized.
When providing disclosure to investors, IOSCO encouraged issuers to take into account the "materiality of ESG matters to their business." Further, IOSCO advised issuers to provide information concerning the governance and oversight of ESG-related risks.
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