As nature faces unprecedented pressures, with human activity the leading cause for one million animal and plant species being pushed to the brink of extinction, GRI has today published a major update to its Biodiversity Standard. Setting a new global >>> read more

Members of the European Parlement (MEPs) approved two-year delay in developing sector-specific sustainability reporting standards and those for companies from outside the EU but they want them published when ready. Less red tape The Commission proposal aims to rationalise reporting >>> read more

EFRAG is pleased to announce its public consultation on the two Exposure Drafts on sustainability reporting standards for SMEs. The consultation period will run until 21 May 2024, and EFRAG invites all stakeholders to provide comments through the online consultation >>> read more

The Taskforce on Nature-related Financial Disclosures (TNFD) is delighted to announce that 320 organisations from over 46 countries have committed to start making nature-related disclosures based on the TNFD Recommendations published in September last year.   This first cohort of adopters >>> read more

EFRAG has published its first three draft ESRS Implementation Guidance documents for public feedback. Draft EFRAG IG 1 deals with the requirements on the materiality assessment in ESRS and Draft EFRAG IG 2 with the value chain aspects in ESRS. Draft EFRAG IG 3 contains the >>> read more

Following the publication of the International Sustainability Standards Board’s (ISSB) inaugural Standards – IFRS S1 and IFRS S2 – the IFRS Foundation and the International Organization for Standardization (ISO) have confirmed their shared commitment to cooperate to support efficient and >>> read more

Following a successful partnership between EFRAG and GRI over the past three years, a new Memorandum of Understanding has been signed, which substantiates the benefits of the alignment achieved between the European Sustainability Reporting Standards (ESRS) and the GRI Standards >>> read more

Businesses are facing increasing demands for sustainability information from customers, suppliers, lenders, potential new recruits and regulators. Businesses and professionals are asking for more support and guidance to prepare this information. Those that interconnect sustainability and financial information are more >>> read more

On the eve of the UN COP28 climate change summit, GRI has published draft versions of two standards that will be central to how organizations around the world commit to greater accountability for their climate change impacts. A public comment period is >>> read more

Global Reporting Initiative (GRI) has announced the upcoming launch of the Sustainability Innovation Lab (SIL), in partnership with the IFRS Foundation as its Convening Partner. The SIL is being established to enable companies to meet their evolving sustainability disclosure requirements, >>> read more

EFRAG and CDP have today announced a collaboration to accelerate the market uptake of the European Sustainability Reporting Standards (ESRS), adopted by the European Commission on 31 July 2023. Under the agreement, CDP will explore and implement alignment of its disclosure system with the ESRS >>> read more

The Financial Stability Board (FSB) published its annual progress report on climate-related disclosures. The report has been delivered to G20 Finance Ministers and Central Bank Governors for their 11-12 October 2023 meeting. The FSB welcomes the publication of the ISSB >>> read more