The guidance, has been developed in response to investor demand for a more consistent approach to ESG reporting.  It builds upon the Financial Stability Board’s (FSB’s) Task Force on Climate-Related Financial Disclosures and the UN Sustainable Development Goals. 

The intention of the guidance is “to help companies gain a clear understanding of what ESG information investors would like to see provided by companies”.  The guidance aims to (taken directly from the guidance):

• make companies more aware of the importance of providing high quality ESG information, and engaging investors on sustainability-related issues;
• stimulate interest in the innovation opportunities opened by this new economic paradigm;
• help issuers and investors to navigate the complex landscape of ESG reporting;
• enable richer data flows and dialogue on ESG between issuers and investors;
• support the consolidation of sound global reporting standards; and
• enable investors to make better informed investment decisions

The press release and guidance are available on the LSEG website.