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
News
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
Nearly 90% of European market capitalization disclosing environmental impact ahead of mandatory reporting
Source: CDP, 18 October 2023As 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 2023GRI 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 2023Across 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 2023Ceres 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 2023EFRAG 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 2023In 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 2023EFRAG 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 2023The 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
ISSB issues inaugural global sustainability disclosure standards
Source: IFRS, 26 June 2023The International Sustainability Standards Board (ISSB) has today issued its inaugural standards—IFRS S1 and IFRS S2 —ushering in a new era of sustainability-related disclosures in capital markets worldwide. The Standards will help to improve trust and confidence in company disclosures about >>> read more
EFRAG welcomes next step towards the first set of ESRS
Source: EFRAG , 13 June 2023The European Commission launched on 9 June 2023 the 4-week period of public feedback on the draft Delegated Act for the first set of European Sustainability Reporting Standards (ESRS). EFRAG as technical advisor to the European Commission under the Corporate Sustainability Reporting >>> read more