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.
With a lot of discussion on the how and when of sustainability disclosures, it can be easy to forget some of the motivations behind the changes. This week the Financial Stability Board (FSB) published a report taking a deep dive into climate-related risk in compensation frameworks – an area that relies on quality, reliable, climate-related […]
Last week the Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) announced the launch of the China-Singapore Green Finance Taskforce (GFTF). The GFTF is designed to ease cooperation in green and transition finance in the transition to a low carbon future.
The European Central Bank (ECB) has published its third assessment of European banks’ progress in disclosing climate and environmental risks. While most banks have increased their disclosures in the past year, the quality of information still falls short of upcoming supervisory standards.
The Hong Kong Stock Exchange (HKEX) has proposed making climate related disclosures mandatory for all issuers, requiring reporting using the International Sustainability Standards Board (ISSB) standards, from 1 January 2024.
At the recent G7 Ministers’ Meeting on Climate, Energy and the Environment in Sapporo, Japan, the G7 climate and environment ministers called for the implementation of mandatory climate-related financial disclosures. The move is seen as necessary to help achieve global climate goals and accelerate sustainable finance.
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