At the midpoint in the 2030 Agenda for Sustainable Development, greater multi-stakeholder action is essential to achieve the Global Goals. To help organizations report on progress, a new publication offers the most comprehensive inventory yet for the disclosures that relate >>> read more
Launch of GRI Agriculture, Aquaculture and Fishing Sector Standard
Source: Global Reporting Initiative (GRI), 28 June 2022Three sectors that produce the food and materials that are fundamental to humanity’s survival are being supported to take accountability for their impacts, following the publication today of a new GRI Standard. While the essential role of the agriculture, aquaculture >>> read more
Provisional political agreement between the Council and the European Parliament about the CSRD
Source: EU Council, 22 June 2022The EU Council and European Parliament yesterday (21 June) reached a provisional political agreement on the corporate sustainability reporting directive (CSRD). The proposal aims to address shortcomings in the existing rules on disclosure of non-financial information, which was of insufficient >>> read more
New report helps companies and investors make sense of proposed climate disclosure standards
Source: Sustainability Institute by ERM, 9 June 2022A new report “The Evolution of Sustainability Disclosure” released today by the Sustainability Institute by ERM (ERM) and Persefoni reveals that there is substantial convergence among new climate-related disclosure frameworks, namely the proposed rules developed by the Securities and Exchange Commission (SEC) in >>> read more
Leading financial market participants call for stronger alignment of regulatory and standard setting efforts around sustainability disclosure
Source: WBCSD, 2 June 2022Clear, comprehensive and comparable disclosure of sustainability-related information is one of the foundational building blocks of a well-functioning global financial system. Financial market regulators should seize this historical and fast-closing window of opportunity to get it right by ensuring compatible >>> read more
Integrated Reporting—articulating a future path
Source: IFRS, 25 May 2022As we are progressing with the Value Reporting Foundation (VRF) consolidation process, and after the IFRS Foundation clarified its plans for the SASB Standards, the International Accounting Standards Board (IASB) Chair Andreas Barckow and International Sustainability Standards Board (ISSB) Chair Emmanuel >>> read more
Business Leaders Call for a Common Standard on ‘Onerous ESG Frameworks’
Source: World Economic Forum, 24 May 2022As regulators in North America, Europe and Asia grapple with how to ensure companies report accurately on their environmental, social and governance (ESG) performance, the chief executive of one of the world’s largest consumer goods companies warned of the danger >>> read more
TNFD expands engagement activities to support nature-risk framework development
Source: Taskforce on Nature-related Financial Disclosures (TNFD), 24 May 2022Today, at the World Economic Forum in Davos, Switzerland, the Taskforce on Nature-related Financial Disclosures (TNFD) announced three initiatives to expand consultation with market participants and other stakeholders on the design and development of the TNFD’s recommendations on nature-related risk and opportunity management. The >>> read more
ISSB outlines actions required to deliver global baseline of sustainability disclosures
Source: IFRS Foundation, 19 May 2022The IFRS Foundation’s International Sustainability Standards Board (ISSB) today outlined the necessary steps required to establish a comprehensive global baseline of sustainability disclosures. The ISSB’s global baseline presents a unique opportunity to reduce the existing and further fragmentation of sustainability >>> read more
Consultation out on sustainability reporting for public sector
Source: The International Public Sector Accounting Standards Board (IPSASB), 17 May 2022While there has recently been significant progress towards the development of a global baseline for sustainability reporting in the private sector, public sector sustainability reporting has yet to move forward in the same way. Governments are significant in expenditure and >>> read more
EFRAG launches a public consultation on the Draft ESRS EDs
Source: EFRAG, 30 April 2022EFRAG announces its public consultation on the EDs of the Draft ESRS with a deadline of 8 August and invites all stakeholders to provide comments on the Draft ESRS through the consultation survey. The proposal for a Corporate Sustainability Reporting >>> read more
Only half of banks worldwide will be ready for regulatory sustainability reporting in the next six months
Source: Avenade, 22 April 2022A new report from Avanade, a leading Microsoft solutions provider, and Efma, a global, non-profit organization created by leading banks and insurers, has found that many banks are not on course to meet their environmental, social and governance (ESG) goals. The report, >>> read more