As 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
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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
ISSB delivers proposals that create comprehensive global baseline of sustainability disclosures
Source: IFRS Foundation, 31 March 2022The International Sustainability Standards Board (ISSB), established at COP26 to develop a comprehensive global baseline of sustainability disclosures for the capital markets, today launched a consultation on its first two proposed standards. One sets out general sustainability-related disclosure requirements and the >>> read more
IFRS Foundation and GRI to align capital market and multi-stakeholder standards to create an interconnected approach for sustainability disclosures
Source: Global Reporting Initiative (GRI), 24 March 2022The IFRS Foundation and Global Reporting Initiative (GRI) have announced today a collaboration agreement under which their respective standard setting boards, the International Sustainability Standards Board (ISSB) and the Global Sustainability Standards Board (GSSB), will seek to coordinate their work programmes and standard-setting activities. The IFRS Foundation, >>> read more
Companies to be more accountable for their social and environmental impact
Source: European Parlement, 16 March 2022Large companies will soon need to publicly disclose detailed information on the way they operate and manage social and environmental risks. On Tuesday, The European Parliament’s Committee on Legal Affairs (JURI) adopted its position on the Corporate Sustainability Reporting Directive (CSRD) >>> read more
GRI launches new standard to address sustainability challenges facing coal companies
Source: Global Reporting Initiative (GRI), 15 March 2022How can a sector that is responsible for 30% of global carbon emissions be held to account for its impacts, including ensuring that coal companies meet growing stakeholder demands for transparency in how they align with the low-carbon transition? Published >>> read more
EFRAG welcomes its new Sustainability Reporting Board
Source: EFRAG, 11 March 2022The EFRAG General Assembly has appointed the members of the EFRAG Sustainability Reporting Board and admitted GE as Friend of EFRAG – Sustainability Reporting. EFRAG is pleased to inform on the next steps to complete its governance reform to integrate >>> read more