The post-SDG era saw a huge growth in voluntary sustainability disclosure policies: mandatory ones constituted 55.2% pre-2015, whereas post-2015, 64% of global policies are voluntary. According to the 2023 Carrots & Sticks (C&S) report, this global trend is part of a >>> read more
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What Companies Should Know About the SEC Climate Disclosure Rule
Source: Nasdaq, 13 March 2024After nearly two years and over 24,000 comments from a multitude of stakeholders, the SEC released its long-awaited ruling, The Enhancement and Standardization of Climate-Related Disclosures for Investors. The rules require public companies to include additional climate-related disclosures in their annual >>> read more
Sustainability Reporting and Assurance Practices of Largest Global Companies Continue to Mature
Source: IFAC, 28 February 2024The largest global companies are providing more detail and breadth in their sustainability reporting, and also are obtaining a greater scope of assurance on those disclosures, according to an updated report from the International Federation of Accountants (IFAC) and AICPA >>> read more
CEN, CENELEC and EFRAG join forces to foster synergies in sustainability reporting
Source: EFRAG, 28 February 2024A Memorandum of Understanding enhances the commitment to develop maximum synergies between the different European Standards developed by EFRAG and by CEN and CENELEC in the field of sustainability reporting. The aim is to facilitate the implementation of sustainability reporting >>> read more
Sustainability Reporting and Assurance Practices of Largest Global Companies Continue to Mature, IFAC, AICPA & CIMA Study Shows
Source: IFAC, 23 February 2024The largest global companies are providing more detail and breadth in their sustainability reporting, and also are obtaining a greater scope of assurance on those disclosures, according to an updated report from the International Federation of Accountants (IFAC) and AICPA >>> read more
Council and Parliament agree to delay sustainability reporting for certain sectors and third-country companies by two years
Source: European Parlement, 7 February 2024The European Council and the European Parliament today reached a provisional deal on a directive on the time limits for the adoption of sustainability reporting standards for certain sectors and for certain third-country undertakings amending the Corporate Sustainability Reporting Directive >>> read more
Sustainability standard to accelerate accountability in the mining sector
Source: Global Reporting Initiative (GRI), 5 February 2024A first global standard to holistically address the sustainability impacts of the mining sector is now available. The new GRI Standard reflects broad stakeholder demands for transparency and enables any mining company to use a common set of metrics to >>> read more
New UNEP-FI report reviews 7 nature-related assessment and disclosure approaches
Source: UNEP FI, 29 January 2024A new report, co-authored by the United Nations Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) and the United Nations Environment Programme Finance Initiative (UNEP FI), provides an overview of the key methodological and conceptual trends among the private sector assessment >>> read more
IESBA launches public consultation on new ethical benchmark for sustainability reporting and assurance
Source: IESBA , 29 January 2024The International Ethics Standards Board for Accountants (“IESBA”) today announced the launch of two Exposure Drafts (EDs): International Ethics Standards for Sustainability Assurance ED, which includes revisions to the existing Code related to sustainability reporting; Using the Work of an External >>> read more
Transparency standard to inform global response to biodiversity crisis
Source: Global Reporting Initiative (GRI), 25 January 2024As 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
Sustainability reporting: MEPs agree with later adoption of standards
Source: European Parlement, 24 January 2024Members 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
EFRAGs public consultation on two Exposure Drafts on sustainability reporting standards for SMEs
Source: EFRAG, 23 January 2024EFRAG 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