The European Sustainable Investment Forum (Eurosif) and the UN Principles for Responsible Investment (PRI) have written to EU institutions calling for the inclusion of mandatory disclosures on company transition plans and net-zero commitments in the Corporate Sustainable Reporting Directive (CSRD).
“While the market continues to demand transparency, more than half of senior executives (57% of survey respondents) indicated that data availability (access) and data quality (accuracy/completeness) remain their greatest challenges with respect to environmental, social, and governance (ESG) data for disclosure,” says Deloitte.
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a public consultation on retail investor protection, with an interesting discussion on enhancing investor engagement with disclosures, and in particular the benefits of digital disclosures.
The SPACs saga continues, reports Bloomberg Tax, with the US Securities and Exchange Commission (SEC) warning that companies are going too far in catch-all warnings to investors.
The European Banking Authority (EBA) has announced that COVID-19-related reporting and disclosure guidelines will continue to apply until further notice.
ESG is here and there’s no turning back, says Julie Iskow, Executive Vice President and Chief Operating Officer at Workiva, in a recent Forbes piece sharing her thoughts on the future of environmental, social and governance (ESG) reporting.
China’s Ministry of Ecology and Environment (MEE) has issued new rules introducing mandatory environmental disclosures for domestic enterprises.
We are interested to note a new directive on climate reporting from State Street Global Advisors (SSGA), which is the world’s fourth largest asset manager.
Recent announcements by the Basel Committee on Banking Supervision will be of note for those interested in disclosures within the Basel Framework for prudential regulation of banks.
At the same time as it announced the creation of the International Sustainability Standards Board (ISSB) at COP26, the International Financial Reporting Standards (IFRS) Foundation also published prototype climate and general sustainability disclosure requirements.
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