EFRAG Secretariat seeks comments from stakeholders on its Public Consultation Paper: EFRAG Due Process Procedures on EU Sustainability Reporting Standard-Setting. Comments are welcome by 15 September 2021. The European Commission’s proposal for a Corporate Sustainability Reporting Directive (CSRD) envisages the adoption >>> read more
IIRC and SASB form the Value Reporting Foundation, providing comprehensive suite of tools to assess, manage and communicate value
Source: The Value Reporting Foundation, 9 June 2021
The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) today officially announce their merger to form the Value Reporting Foundation. The Value Reporting Foundation supports business and investor decision-making with three key resources: Integrated Thinking Principles, >>> read more
Jean-Claude Trichet will head advisory group on setting up a global board for sustainability-related company disclosures
Source: IFRS Foundation, 7 June 2021
The IFRS Foundation Trustees have today announced the establishment of an Eminent Persons Group, chaired by Jean-Claude Trichet, to provide strategic advice and counsel to the Trustees on the proposed formation of the International Sustainability Standards Board and its connectivity >>> read more
Major financial institutions, corporates and governments endorse launch of Taskforce on Nature-related Financial Disclosures
Source: TNFD, 4 June 2021
Major financial institutions and multinational corporates have endorsed the launch of a new market-led Taskforce on Nature-related Financial Disclosures (TNFD), which will support business in assessing emerging nature-related risks and opportunities. More than half of the world’s economic output – US$44tn >>> read more
GRI Biodiversity Standard: Biodiversity crisis emphasizes need for corporate transparency
Source: Global Reporting Initiative (GRI), 4 June 2021
As the global community marks World Environment Day (5 June), the growing biodiversity crisis emphasizes why businesses need to step up and be accountable for their impacts on the world, with an updated reporting standard for biodiversity required. The Biodiversity >>> read more
Why double-materiality is crucial for reporting organizational impacts
Source: , 31 May 2021
A white paper commissioned by GRI investigates the application of materiality in sustainability reporting – highlighting why disclosing impacts that go beyond those that are financially material benefits organizations while supporting sustainable development. The paper – The double-materiality concept: application and >>> read more
PwC supports GRI Global Standards Fund
Source: , 27 May 2021
An initiative to safeguard the continued development of the GRI Standards has secured a new supporter. Multinational professional services network PwC has joined the GRI Global Standards Fund. The Fund enables the continued independent and multi-stakeholder development of the world’s most >>> read more
BNP Paribas Asset Management and CDP partner to accelerate the development of biodiversity reporting metrics
Source: , 20 May 2021
BNP Paribas Asset Management (‘BNPP AM’) and CDP today announce a partnership to explore and support the development of common biodiversity corporate reporting metrics. With BNPP AM’s backing, CDP will start to develop a common, globally relevant corporate biodiversity reporting >>> read more
Public comment open for two draft GRI Sector Standards – covering agriculture, aquaculture, fishing, and coal
Source: Global Reporting Initiative (GRI), 19 May 2021
A consultation has launched to gather feedback on two proposed new Standards under GRI’s Sector Program, which will increase transparency within sectors by focusing attention on the sustainability issues that matter most. Adding to the Oil and Gas Sector Standard, >>> read more
KPMG releases study of sustainability reporting at technology companies
Source: , 15 May 2021
The Survey of Sustainability Reporting at Technology Companies by KPMG reveals that much progress has been made in sustainability reporting and assurance. The survey offers insights for technology company leaders, boards, and sustainability professionals. Its aim is to support those >>> read more
New guide to help companies understanding the benefits of TCFD climate reporting
Source: Bloomberg, 6 May 2021
Bloomberg has created a guide to help you better understand the benefits of implementing the TCFD recommendations. The casualties of the climate crisis could include financial stability, the global economy, and the value of investments. As governments catch up to >>> read more
IFRS Foundation Trustees publish institutional arrangements for proposed new sustainability standards board
Source: IFRS Foundation, 4 May 2021
The Trustees of the IFRS Foundation (Foundation) published on 30 april the proposed amendments to the Constitution of the Foundation to accommodate the potential formation of a new International Sustainability Standards Board (ISSB) within the governance structure of the organisation. In addition, the >>> read more
