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
News
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
320 companies and financial institutions to start TNFD nature-related corporate reporting
Source: TNFD, 17 January 2024The 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
Publication of the 3 Draft EFRAG ESRS IG documents (EFRAG-IG-1-to-3)
Source: EFRAG, 23 December 2023EFRAG 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
IFRS Foundation and ISO commit to future cooperation towards effective communication of information about sustainability-related risks and opportunities
Source: ISO, 4 December 2023Following 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
EFRAG and GRI enhance collaboration with deeper ties
Source: Global Reporting Initiative (GRI), 1 December 2023Following 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
Sustainability reporting key to profitability and success, says new guide from ACCA
Source: ACCA Global, 24 November 2023Businesses 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
Transparency on climate change – consultation on new reporting standard
Source: Global Reporting Initiative (GRI), 21 November 2023On 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
GRI establishes Sustainability Innovation Lab in coordination with the IFRS Foundation
Source: Global Reporting Initiative (GRI), 9 November 2023Global 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 announce cooperation to drive market uptake of European Sustainability Reporting Standards
Source: CDP , 8 November 2023EFRAG 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
FSB publishes annual progress report on climate-related disclosures
Source: TCFD, 20 October 2023The 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
Reporting matters 2023 (WBCSD) launches with a focus on impact amidst complexity
Source: WBCSD, 19 October 2023Reporting matters, the acclaimed initiative dedicated to advancing corporate sustainability reporting, is proud to announce the release of its highly anticipated 2023 edition. This year’s annual review of WBCSD’s member companies’ sustainability and integrated reports in partnership with Radley Yeldar (RY) is titled “Delivering >>> read more