GRI, provider of the world’s leading standards for sustainability reporting, has expressed full support for the European Commission’s plans to revise the Non-Financial Reporting Directive (NFRD), for which a public consultation closed on 11 June. This process sought views from >>> read more
News
CEO SASB: “EU NFR Directive Can Lay the Foundation for a Global ESG Disclosure Solution”
Source: SASB, 12 June 2020Janine Guillot (CEO of the SASB Foundation) states that the EU Non-Financial Reporting Directive (NFRD) can lay the foundation for a Global ESG Disclosure Solution. Companies around the world are increasingly reporting on their sustainability performance. However, we still hear >>> read more
The exposure draft of GRI Universal Standards now available for public comment
Source: Global Reporting Initiative (GRI), 11 June 2020The Global Sustainability Standards Board (GSSB), GRI’s independent standard-setting body, is pleased to announce that a public comment period to gather feedback on the exposure draft of the revised Universal Standards (GRI 101, 102, 103) is now open for feedback. >>> read more
The introduction of the EU Taxonomy is getting closer and the impact will be significant
Source: , 10 June 2020The EU Green Deal, climate neutrality, sustainable economic growth, and inclusion of all countries, a classification system for sustainable activities fulfils a key role, i.e. an EU Taxonomy. In March this year, the Technical Expert Group (TEG) on Sustainable Finance >>> read more
Non-Financial Reporting Directive Review: EBF response
Source: , 10 June 2020The European Banking Federation (EBF) responded to the European Commission consultation on the Review of the Non-Financial Reporting Directive (NFRD). Key Messages General recommendations Regulation instead of Directive Consistency of disclosure requirements across EU legislation (alignment with EU Taxonomy Regulation, Disclosure >>> read more
A centralized register for ESG data in EU: EACB, EBF, EFAMA, ESBG, IE, PE Joint Letter
Source: EBF, 10 June 2020The European Banking Federation, together with five other financial industry associations, is calling for the European Commission to establish a common ESG data register in the European Union to enhance the availability of relevant and reliable ESG data, facilitate disclosure >>> read more
105 investors press for environmental disclosure from 1000+ high-impact firms
Source: CDP, 9 June 2020105 investors from 23 countries, including Legal & General, Nordea Asset Management and the New York State Common Retirement Fund, are pressing for companies with a high impact on the environment to disclose data through CDP, the non-profit global environmental disclosure platform. >>> read more
Proliferation of Frameworks risks ‘sustainability reporting fatigue’
Source: XBRL, 6 June 2020A recent article in the Financial Times neatly pinpoints an underlying problem with sustainability reporting: the proliferation of frameworks that threaten to overwhelm investors and reporters. In the view of XBRL (the business reporting standard), it comes down to the >>> read more
Integrated reporting identified as key method to help firms tackle future risks they face
Source: ACCA Global, 27 May 2020The Association of Chartered Certified Accountants’ (ACCA) latest report Insights into Integrated Reporting 4.0, covers 48 companies – each are members of the International Integrated Reporting Council (IIRC) Business Network. As economies and companies around the world prepare for imminent recession >>> read more
Civil society calls for EU policy reforms & standards on corporate sustainability reporting
Source: Business & Human Rights, 26 May 2020The EU Commission initiated the reform of the EU Non-Financial Reporting Directive (NFRD). The severity of COVID-19 and its economic and social consequences have underlined the need to further and strengthen our efforts. The undersigned civil society organisations welcome this >>> read more
IIRC announces new Chair of Council to drive consensus towards a global reporting system
Source: IIRC, 26 May 2020Conor Kehoe, former McKinsey & Company senior partner, has been appointed Chair of the International Integrated Reporting Council (IIRC) and will work with the IIRC Board and executive to achieve a global consensus on the structure and implementation of a >>> read more
GRI announced the Agriculture and fishing standard – project group
Source: Global Reporting Initiative (GRI), 25 May 2020Global Reporting Initiative (GRI) have announced the members of the project working group leading the work to create a new sustainability reporting standard for agriculture and fishing. The multi-stakeholder group, which includes diverse representatives from around the world, has met virtually >>> read more