It's not clear to me what the goal of disclosures is to begin with. It's like saying that the best way to lose weight is to have more accurate scales. No; it's actually to take real action here. It seems we're all about disclosures and taxonomy, but this can lead to taking action in order to beat whatever taxonomy there is in place. It's not clear that it will have any positive impact, and yet you're going to have to put a lot of effort into disclosing.
For example, Unilever, I believe, has to hire 10 people for the next five years to just disclose information—not actually to do anything, but to disclose what they're doing. Here there's a direct cost of disclosure, and then the indirect cost might be that you focus on the measures that are being disclosed rather than actually creating value, as I mentioned in my diversity comment earlier.