The Securities and Exchange Commission’s proposed rule on disclosing climate change risk is just one way that regulators, investors, and society are pressing companies to boost sustainability reporting. At a Fortune conference on Wednesday, three leaders responsible for their organizations’ ESG efforts weighed in on how the landscape is changing—and on how much work lies ahead.
Despite the proliferation of frameworks for reporting and measuring ESG outcomes, there’s still no global standard, noted Brooke Fapohunda, chief sustainability officer with privately held investment giant Lord Abbett. “One of the things that we’ve done is to synthesize various frameworks, but we have not actually adopted them,” Fapohunda said at the Fortune Impact Initiative in Atlanta. “It’s more about thinking about what makes sense for us and giving ourselves the bandwidth to really think through and understand it and apply it the right way over the long-term.”
