Scrutiny of ESG being tightened by UK accounting watchdog

The accounting watchdog in Britain said it would keep an eye on auditors’ compliance with environmental, social, and governance (ESG) reporting standards during company audits. Regulators are actively working to stop “greenwashing,” or inflated sustainability claims made by businesses to draw in investors.

  • ESG reporting requirements are being tightened to:
  • Improve transparency on ESG risks
  • Consider risks associated with climate and ESG reporting

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