As the investing world increasingly focuses on sustainability and climate matters, establishing common standards for disclosing sustainability information has become critically important. This paper looks at how 20 asset managers have responded to the International Sustainability Standards Board's (ISSB) new draft standards for climate and sustainability disclosures. Overall, asset managers agree that there needs to be international convergence on sustainability reporting standards. The paper highlights the key areas of disagreement among asset managers including materiality, greenhouse gas emissions disclosures, and international alignment.

This report explores whether the International Sustainability Standards Board’s new draft standards will be able to achieve its goal of setting a global baseline for sustainability reporting and the challenges facing this goal.