2020 saw significant momentum build for non-financial (sustainability) standards. The year kicked off with a paper from Accountancy Europe proposing that a new sustainability standards board be launched under the auspices of the IFRS Foundation, and ended with the IFRS consulting on just that. >>> read more
News
Global sustainability and integrated reporting organizations launch prototype climate-related financial disclosure standard
Source: , 18 December 2020Five leading organizations in sustainability and integrated reporting, who published a shared vision for a comprehensive corporate reporting system earlier this year, have taken a next practical step together. Today, coinciding with the fifth anniversary of the Paris Agreement on >>> read more
Finance companies launch digital sustainability reporting tool for SMEs
Source: World Wide Generation (WWG), 18 December 2020finnCap Group, leading adviser and broker to ambitious growth companies, both public and private, is pleased to announce a partnership with leading sustainability fintech company World Wide Generation (WWG) in order to provide businesses with a new digital sustainability monitoring >>> read more
Action Platform succeeds in accelerating business reporting on the SDGs
Source: Global Reporting Initiative (GRI), 17 December 2020A ground-breaking initiative to drive corporate action on the Sustainable Development Goals (SDGs) has significantly advanced reporting practices and identified areas for further improvement. The Action Platform for Reporting on the SDGs leverages the Global Reporting Initiative (GRI) Standards and the Ten Principles >>> read more
What do companies with improved financial results have in common in terms of ESG practices and frameworks?
Source: The Center for Sustainability and Excellence (CSE), 17 December 2020The Center for Sustainability and Excellence (CSE) announces its fourth consecutive 2020 Annual Research into ESG Ratings and Sustainability Reporting Trends in North America, focusing in common ESG practices and frameworks used by companies and organizations with improved financial results (e.g Annual Revenues >>> read more
Towards circular economy: European manufacturers are not sufficiently reporting on their actions
Source: Kaunas University of Technology (KTU), 17 December 2020After analysing the data from 226 large manufacturing companies from the European Union, a team of researchers from Lithuania, Poland and Sweden have drawn a conclusion that organisations almost do not mention circular economy principles in their environmental reporting. In >>> read more
ESMA supports IFRS Foundation’s efforts on international standardisation in sustainability reportingtest
Source: ESMA, 16 December 2020The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its response to the IFRS Foundation’s consultation on sustainability reporting. ESMA recommends establishing high-quality international standards while also catering for the needs of jurisdictions that are at >>> read more
Financial and sustainability reporting must be given equal footing
Source: Global Reporting Initiative (GRI), 14 December 2020GRI has called for strengthened financial reporting that complements sustainability reporting and takes account of the financial risks and opportunities related to a company’s sustainability impacts – with mandatory disclosure to ensure transparency on corporate contributions to global challenges. The >>> read more
IFAC Responds to IFRS Foundation Sustainability Reporting Consultation
Source: IFAC, 14 December 2020The International Federation of Accountants (IFAC) submitted its response to the IFRS Foundation’s Consultation Paper on Sustainability Reporting, issuing a resounding “yes” to the question of whether an international sustainability standards board is needed to lead a coherent global system >>> read more
The state of EU Environmental Disclosure in 2020
Source: CDSB, 7 December 2020In a new report CDSB has taken a deep dive into the environmental disclosures of the largest listed companies in the EU. The third in the series, we pick up where our previous report ‘Falling Short?’ left off. We will compare where >>> read more
ESMA specifies obligations on environmentally sustainable activities
Source: ESMA, 2 December 2020The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published its Consultation Paper containing ESMA’s draft advice to the European Commission on Article 8 of the Taxonomy Regulation. This specifies the content, methodology and presentation of >>> read more
Sustainability reporting is growing, with GRI the global common language
Source: Global Reporting Initiative (GRI), 1 December 2020GRI has welcomed research that shows a record number of companies, spanning sectors and geographic regions, are voluntarily choosing to disclose their sustainability impacts – with the GRI Standards the most widely used for reporting. The 2020 KPMG Survey of Sustainability >>> read more