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Grant Thornton champions Global Climate Reporting Standard, unlocking sustainable futures.

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Grant Thornton, a global consulting and accountancy firm, has expressed its support for a global standard for climate reporting. The firm is backing the International Sustainability Standards Board’s (ISSB) Climate Standard, stating that climate risks are having a significant impact on companies and capital. The statement of support was issued during Finance Day at COP28 and has been signed by almost 400 organizations from 64 jurisdictions, including companies, investors, stock exchanges, and NGOs. The ISSB’s Climate Standard aims to provide companies with a framework for disclosing comprehensive information about their climate resilience strategies. Grant Thornton believes that consistent and comparable climate-related disclosures at a global level are essential to address the urgent need for better information about climate risks. The firm joins a growing movement of stakeholders that are calling for global sustainability disclosure standards that are proportionate and scalable. Market participants have argued that such standards will provide clarity for companies, investors, and society as a whole. Grant Thornton’s declaration of support for the ISSB’s Climate Standard reflects the industry-wide recognition that coordinated efforts are needed to effectively address climate change and its associated risks. By embracing common standards, stakeholders can work together to build a market infrastructure and capacity necessary to implement the standards worldwide.

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