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GRI establishes Sustainability Innovation Lab in coordination with the IFRS Foundation

Source: Global Reporting Initiative (GRI), 9 November 2023

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 announce cooperation to drive market uptake of European Sustainability Reporting Standards

Source: CDP , 8 November 2023

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

FSB publishes annual progress report on climate-related disclosures

Source: TCFD, 20 October 2023

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

Reporting matters 2023 (WBCSD) launches with a focus on impact amidst complexity

Source: WBCSD, 19 October 2023

Reporting 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

Nearly 90% of European market capitalization disclosing environmental impact ahead of mandatory reporting

Source: CDP, 18 October 2023

As mandatory environmental reporting comes into force from next year for companies in Europe, and expands globally, businesses are disclosing their environmental data in record numbers. This year more than 23,000 companies worth US$67 trillion disclosed through CDP – including >>> read more

Final adoption of ESRS a ‘game changer’ for mandatory reporting

Source: Global Reporting Initiative (GRI), 18 October 2023

GRI has welcomed the outcome of a vote in the European Parliament in which MEPs reaffirmed the commitment to the European Sustainability Reporting Standards (ESRS), which will now apply to 50,000 companies from January 2024 onwards. As recently confirmed by GRI >>> read more

Public sector finance and audit professionals urged to take the lead on the sustainability reporting and assurance agenda

Source: ACCA Global, 17 October 2023

Across the globe momentum is building for sustainability reporting and assurance in the public sector. The IPSASB decided to move forward with the development of public sector specific sustainability reporting standards beginning with a Climate-Related Disclosures standard. Finance and audit >>> read more

California’s first-in-the-nation climate disclosure legislation sets new standard for corporate transparency

Source: Ceres, 13 September 2023

Ceres applauds the California State Assembly for voting to approve first-in-the-nation transparency into the climate impacts of the largest corporations for investors, consumers, employees, and communities. The Assembly today passed the first of two proposed bills related to corporate climate >>> read more

EFRAG-GRI joint statement of interoperability

Source: Global Reporting Initiative (GRI), 5 September 2023

EFRAG and GRI publish today a joint statement on the high level of interoperability achieved between the European Sustainability Reporting Standards (ESRS) and the GRI Standards. Following the requirement of the CSRD to adopt a double materiality approach and to take account >>> read more

WBCSD Launches Of Side-by-side Implementation Guidance For ISSB-ESRS Standards

Source: WBCSD , 1 August 2023

In a significant development toward a global baseline for sustainability-related financial disclosures, IFRS has released the ISSB standards. Companies with operations or subsidiaries in the European Union are preparing for new mandatory sustainability disclosures under the EU’s Corporate Sustainability Reporting Directive >>> read more

EFRAG welcomes the adoption of the Delegated Act on the first set of ESRS standards by the European Commission

Source: , 1 August 2023

EFRAG welcomes the adoption of the Delegated Act on the first set of European Sustainability Reporting Standards (ESRS) by the European Commission on 31 July 2023 and expresses its gratitude to all of those that contributed to this milestone. EFRAG >>> read more

EU Commission adopts the European Sustainability Reporting Standards

Source: European Commission, 31 July 2023

The Commission has today adopted the European Sustainability Reporting Standards (ESRS) for use by all companies subject to the Corporate Sustainability Reporting Directive (CSRD). This marks another step forward in the transition to a sustainable EU economy. Mairead McGuinness, Commissioner for Financial Services, Financial Stability >>> read more

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News

  • New Taxonomy enables easier and more effective GRI-aligned sustainability disclosures that are machine-readable
  • New business survey casts doubt over assumed support for radical simplification of sustainability reporting
  • ‘ESRS simplification must focus on the most significant impacts’
  • EFRAG launches a public call for input on ESRS Set 1 Revision
  • Sustainability and due diligence: MEPs agree to delay application of new rules
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