From working conditions and human rights, environmental pollution and social well-being, commercial activities have far-reaching consequences, which must be measured – but who will set the standards? Sustainability reporting has grown exponentially in recent years, Hans Hoogervorst, chairman of the International Accounting Standards Board (IASB) has told an accounting event in Brussels. And most of the volume-expansion of annual reports is due to extended environmental, social and governance (ESG) reporting.

Hoogervorst covered several issues in his speech in Brussels, including the future of corporate reporting and the challenges companies face.

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