International sustainability standard and board: PLSA response to IFRS Foundation consultation
The PLSA welcomes this proposal, which we called for in our recent report, A Changing Climate. An international standard would increase the amount of information available on companies that pension schemes invest in. This would better enable pension funds to invest intelligently for a climate-constrained future.
We believe that the IFRS is the most appropriate body to take this forward, and that the standard should be underpinned by a Sustainability Standards Board.