The UK Department for Business and Trade (DBT), in collaboration with the Financial Reporting Council (FRC), has issued a call for evidence to support the review of the UK’s non-financial reporting requirements.
XBRL EU urges digital for sustainability disclosures at a meeting in Rome this week. At the very successful XBRL-EU conference in Rome earlier this week, the attendees heard a range of details about the upcoming implementation of the European Sustainability Reporting Standards (or ESRSs) via the CSRD, or Corporate Sustainability Reporting Directive.
In a speech at the RI Australia 2023 conference, ASIC Deputy Chair Karen Chester emphasised the regulator’s focus on sustainable finance and the need to tackle greenwashing with sustainability disclosures.
ESG reporting is rapidly becoming the “new gold standard” of disclosure practices, with 94% of European and UK public companies intending to comply with the Corporate Sustainable Reporting Directive (CSRD), according to a survey of over 500 finance leaders by Workiva.
The International Sustainability Standards Board (ISSB) is calling for comments on its proposed methodology to enhance the international applicability of the Sustainability Accounting Standards Board (SASB) Standards. The consultation period is now open and will remain open for comments, preferably by online survey, until 9 August 2023.
A report by Sustainable Fitch highlights the difficulties that retailers face due to their complex logistics and supply chains, which make it harder for them to report their environmental impact accurately.
The Australian government is set to establish a new authority aimed at ensuring that workers, industries and communities can take advantage of the opportunities presented by Australia’s net zero transition.
The US Securities and Exchange Commission (SEC) has recently pursued several high-profile enforcement actions, accusing companies of fraudulently misleading investors about ESG-related issues.
While sustainability reporting has entered the mainstream in business reporting, public sector reporting lags behind. The International Public Sector Accounting Standards Board (IPSASB) is aiming to change that, exploring the need for an international public sector reporting framework to help governments measure and report how they are addressing the global climate crisis.
The International Auditing and Assurance Standards Board (IAASB) has confirmed that it will bring forward the consultation on its proposed new sustainability assurance standard, the International Standard on Sustainability Assurance™ (ISSA) 5000.
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