'Big Four' accounting firms set out common ESG reporting standards

Leaders of the Big Four accounting firms have joined forces to unveil a reporting framework for ESG standards. In an article in the Financial Times published 22 September, the so-called Big Four - made up of PwC, KPMG, EY and Deloitte - have all backed the framework, which has been headed up by the International Business School (IBS), run by Bank of America chief executive Brian Moynihan. The Big Four and the World Economic Forum were invited to identify a set of universal ESG metrics and recommended disclosures that could be reflected in the mainstream annual reports of companies. Th...