ESG: Regulations Summary

The British Standards Institute (BSI), in collaboration with the International Organization for Standardisation (ISO), launched a new sustainable finance standard this week.
Where it recommends the adoption of a governing body approved sustainability policy or similar statement, BS ISO 32210 contains advice for embedding sustainability into governance and culture, as well as strategy alignment and objectives.

Impact assessment, stakeholder engagement, monitoring, measuring, and metrics, as well as reporting, transparency, and assurance, are all covered by the standard.

The new BSI standard for sustainable finance joins a growing list of sustainability-related principles, labels, and standards. Townsend stated that BSI's standard was unique in that it focused on the "how," and that it would be compatible with other tools and regulations on the market.