by Carol A Adams Main points: A proliferation of bodies setting standards and frameworks has led to a proliferation of bodies claiming to ‘harmonise’ them. Five myths are prevailing to support claims to move the authority base for standards and reduce reporting requirements. Recommendations regarding the role of key players are proposed. COVID-19 has intensified focus on sustainable finance and sustainability reporting. The stream of social media posts, articles in the FT and press releases by connected organisations have increased.