Recent guidance published by the IFRS Foundation seeks to help companies navigating climate-first reporting under the International Sustainability Standards Board (ISSB) Standards.
Big changes are on the horizon for corporate sustainability reporting in Europe with the Omnibus Simplification Package, set to be unveiled on 26 February. To be informed by the EU’s broader Competitiveness Compass, the omnibus aims to streamline regulatory requirements, particularly for small and medium-sized enterprises (SMEs).
The Financial Stability Board (FSB) has released a new analytical framework and toolkit for assessing climate-related vulnerabilities in the financial system. As climate shocks become more frequent, concerns are growing over their potential to destabilise financial institutions and disrupt financial services.
The UK Financial Reporting Council (FRC) has reviewed the first round of mandatory Climate-related Financial Disclosures (CFD) from AIM-listed and large private companies, finding significant variation in quality. While companies have made efforts to comply, many disclosures lacked clarity, consistency, and depth.
The Amman Stock Exchange (ASE) has introduced its Climate-related Disclosures Regulatory Framework, requiring companies listed on the ASE20 index to comply with IFRS S1 and IFRS S2 for climate-related disclosures starting 1 January 2027.
The International Organization of Securities Commissions (IOSCO) has announced a dedicated network to assist its Growth and Emerging Markets Committee (GEMC) members in adopting or using IFRS Sustainability Disclosure Standards (ISSB Standards).
The International Federation of Accountants (IFAC), in partnership with the We Mean Business Coalition and the Global Accounting Alliance, recently published the resource Building Trust in Sustainability Reporting and Preparing for Assurance. This guide provides a comprehensive roadmap for establishing effective governance arrangements and controls to bolster confidence in sustainability disclosures.
An article in Automaatioväylä (that’s the Finnish Society of Automation’s magazine) highlights significant challenges and opportunities in automating sustainability reporting, with a strong focus on the potential of XBRL to address these issues.
The Canadian Sustainability Standards Board (CSSB) has released its first-ever sustainability disclosure standards, CSDS 1 and CSDS 2, providing frameworks for general sustainability disclosures and climate-related financial reporting.
The push for globally harmonised sustainability reporting has gained traction in the past month as regulators in Pakistan, Malaysia, Qatar, the UK, and Hong Kong announce or propose the adoption of ISSB or ISSB-aligned standards.
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