The International Federation of Accountants (IFAC) has submitted feedback on the European Commission’s (EC) European Sustainability Reporting Standards (ESRS), emphasising the importance of transparency and interoperability to support a global reporting system and avoid regulatory fragmentation.
In a public meeting of the European Financial Reporting Advisory Group’s Sustainability Reporting Board (EFRAG SRB) held in early July, Commissioner Mairead McGuinness outlined areas of attention for the EFRAG Sustainability Reporting Pillar.
The European Securities and Markets Authority (ESMA) is initiating a Common Supervisory Action (CSA) with National Competent Authorities (NCAs) to assess the compliance of supervised asset managers with sustainability-related disclosure provisions.
The Australian government has initiated a second consultation seeking input on the implementation of standardised climate-related financial disclosures in the country. The goal is to closely align these requirements with the recently published standards from the International Sustainability Standards Board (ISSB), promoting global comparability.
As you may well have heard, the International Sustainability Standards Board (ISSB) has published the final version of its first-ever standards, IFRS S1 and IFRS S2, marking a significant milestone in sustainability-related disclosures across global capital markets.
The UK’s Financial Reporting Council (FRC) has released a research report exploring the perspectives and approaches of Audit Committee Chairs (ACCs) towards Environmental, Social, and Corporate Governance (ESG) activities and reporting.
Australia’s financial regulator, the Australian Prudential Regulation Authority (APRA), has been mandated by the government to incorporate climate change-related risks into its role.
The International Public Sector Accounting Standards Board (IPSASB) has embarked on a project to develop sustainability reporting standards for the public sector.
The World Economic Forum (WEF) and the International Sustainability Standards Board (ISSB) have joined forces to establish the Forum ISSB Preparers Group. Comprised of experienced sustainability reporting professionals, the group plans to provide practical examples and best practices for adopting ISSB standards.
The European Commission has now published, for a four week consultation period, a set of revisions to the European Sustainability Reporting Standards (ESRSs).
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