The 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
A 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
A 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
The 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
As 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
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
EFRAG 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
The 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
EFRAG 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
Following 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
Following 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
Businesses 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