Researchers have come up with a new model to estimate carbon capture by trees enabling more accurate sustainability reporting. Sustainability reporting is becoming increasingly important. Most of the world’s largest 250 companies now periodically produce sustainability reports on which auditors >>> read more
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EFRAG meets with international sustainability reporting standard setters and other related initiatives
Source: EFRAG , 26 March 2021EFRAG and the European Commission met for a second time with leading international sustainability reporting standard setters and other related initiatives to present recommendations for the development of EU sustainability reporting standards and explore possible cooperation in a co-constructive spirit, promoting convergence and maintaining >>> read more
IFRS Foundation Trustees announce working group to accelerate convergence in global sustainability reporting standards focused on enterprise value
Source: IFRS Foundation, 23 March 2021The Trustees of the IFRS Foundation yesterday announced the formation of a working group to accelerate convergence in global sustainability reporting standards focused on enterprise value and to undertake technical preparation for a potential international sustainability reporting standards board under >>> read more
Launch of new GRI guide on using policy to enable transparency
Source: Global Reporting Initiative (GRI), 22 March 2021With rising policy measures across global markets in support of responsible business conduct, GRI has launched a new publication to set out how policymakers can use the power of transparency to affect positive change. The GRI Standards: A Guide for >>> read more
IFAC Convenes Leadership of Global Accountancy Profession to Progress Sustainability Agenda
Source: IFAC, 15 March 2021The International Federation of Accountants (IFAC) last week convened over 150 chief executives and senior leaders of professional accountancy organizations around the world, together with its Board of Directors, to discuss critical issues relevant to the future of the accountancy >>> read more
The Tipping Point Fund on Impact Investing provides grants to support IIRC, SASB merger
Source: The Tipping Point Fund, 12 March 2021The Tipping Point Fund on Impact Investing (TPF), a donor collaborative vehicle with a mission of scaling the practice of impact investing, today announced that it would award a combined $500,000 in two grants to the International Integrating Reporting Council >>> read more
GRI: IFRS proposals on corporate sustainability are a step in right direction
Source: Global Reporting Initiative (GRI), 9 March 2021An update on the IFRS sustainability standards consultation process offers encouraging signs that their changes can strengthen financial reporting by companies, which alongside sustainability reporting with both on an equal footing, would improve transparency on sustainability risks and opportunities – >>> read more
WWF welcomes the European Financial Reporting Advisory Group Task Force’s ambitious recommendations on sustainability reporting standards
Source: WWF, 9 March 2021Yesterday, the Task Force on Non-Financial Reporting Standards, of which WWF was a member, published its recommendations to the European Commission on what a robust sustainability disclosure standard should look like. The aim of the standards is to guide companies on >>> read more
EFRAG publishes two reports on development of EU sustainability reporting standards
Source: EFRAG, 8 March 2021EFRAG published today two reports submitted to the European Commission setting out recommendations on the development of EU sustainability reporting standards. The reports were prepared in line with European Commission mandates received by EFRAG and EFRAG Board President Jean-Paul Gauzès >>> read more
IFRS Foundation Trustees announce strategic direction and further steps based on feedback to sustainability reporting consultation
Source: IFRS Foundation, 8 March 2021The Trustees of the IFRS Foundation met 2-4 March 2021 to continue their analysis and discussions of the feedback received to their Consultation Paper on Sustainability Reporting (2020 Consultation). Feedback to the 2020 Consultation confirmed an urgent need for global sustainability reporting standards >>> read more
Study: Global Corporate Leaders Leave Investors Blind on ESG
Source: Global ESG Monitor (GEM, 3 March 2021The state of transparency in corporate sustainability reporting leaves big blind spots for investors. This is revealed by the Global ESG Monitor (GEM) – a study of ESG reports from the largest listed companies in Europe, the United States and >>> read more
IOSCO calls for globally consistent, comparable, and reliable sustainability standards
Source: IOSCO, 2 March 2021The International Organization of Securities Commissions (IOSCO) has released a statement noting the urgent need for global sustainability standards and supporting a Sustainability Standards Board (SSB) under the IFRS Foundation. The IOSCO Board has reviewed the progress made over the >>> read more