New Standard-Setting Body For Climate Change Disclosures Announced At Glasgow Climate Change Conference

The International Financial Reporting Standards Foundation, the non-profit foundation that oversees the International Accounting Standards Board, has announced the creation of the "International Sustainability Standards Board," which is intended to "craft climate-disclosure rules for companies as investors push for more standardized information."

Numerous countries--although not the United States--typically incorporate the recommendations and standards devised by these international bodies into their own regulations.  And, even those authorities that do not incorporate these recommendations typically rely on these standards as a reference point when drafting their own regulations.