ESG disclosure regulations in the United States and European Union may prove to be a challenge for investors, corporations, and global markets. The expansion of the EU’s disclosure requirements through its Corporate Sustainability Reporting Directive (CSRD) last year introduced mandated third-party verifications and a phased implementation timeline for non-EU entities operating in the EU. The US Securities and Exchange Commission has taken similar actions, requiring publicly listed companies to report climate-related risks to their businesses along with Scope 1 and Scope 2 emissions for larger companies. How will divergences in ESG reporting standards affect international investment activity and the competitive landscape for companies with a global presence? What are the potential challenges and solutions to standardizing third-party verifications across regions? How can investors leverage ESG disclosures to identify new investment opportunities and achieve higher returns, particularly within industries with significant long-term ESG risks and impact? 

Moderator

Wendy Cromwell

Vice Chair; Director, Sustainable Investment, Wellington Management

Speakers

Daniel Fibiger

Head of Global Sustainability and President, Gap Foundation

Jingdong Hua

Vice-Chair, International Sustainability Standards Board (ISSB)

Linda-Eling Lee

Founding Director and Head, MSCI Sustainability Institute

Mark Uyeda

Commissioner, US Securities and Exchange Commission