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Items tagged with "ESG"

ESG disclosure momentum builds, despite remaining inconsistencies

A new report from the International Federation of Accountants (IFAC) and the Association of International Certified Professional Accountants (AICPA & CIMA) finds that the largest global companies show momentum on sustainability reporting. However, barriers remain surrounding the provision of comparable, useful, high-quality information to investors.

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EFRAG TEG gets new acting chair

The European Financial Reporting Advisory Group Financial Reporting Technical Expert Group (EFRAG FR TEG) has renewed the mandate of six of its members, and welcomed Jens Berger as Acting Chair.

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ISSB standards move to final drafting stage

Last week The International Sustainability Standards Board (ISSB) voted on the technical substance of its sustainability standards. With the content of the standards fully agreed, the ISSB can now move onto the final stage in preparation: drafting. A January 2024 implementation date for Sustainability Disclosure Standards S1 and S2 was also agreed during the meeting.

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IOSCO welcomes ISSB move to final stage of sustainability standards

The International Organization of Securities Commissions (IOSCO) published a statement welcoming the International Sustainability Standards Board (ISSB)’s progress into the final stage of developing its first sustainability disclosure standards (above).

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Estonia reacts to ESG reporting requirements

With Estonian reporting requirements expanding to include sustainability information in line with the EU’s Corporate Sustainability Reporting Directive (CSRD), this week an article weighs up the pros and cons for Estonian corporates.

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FCA explores ESG strategy in paper on finance for positive change

While some regulators and stakeholders within the disclosures world see the increase in sustainability reporting as something that should solely reflect financial risk and opportunity, others see additional Environmental, Social, and Governance (ESG) reporting requirements as an opportunity to nudge behaviour.

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Support for XBRL in UK sustainability investment disclosures and labels

Innovate Finance recently shared a useful comment response to the UK Financial Conduct Authority (FCA) consultation paper Sustainability Disclosure Requirements and investment labels.

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ESAs welcome draft sustainability standards

The EU’s three European Supervisory Authorities (ESAs) published positive statements supporting the current draft of the European Sustainability Reporting Standards (ESRS) this week.

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FRC update ESG intentions

The UK’s Financial Reporting Council (FRC), which published its first Statement of Intent on Environmental, Social and Governance (ESG) in 2021, has updated its earlier statement setting out the areas that remain challenging in ESG reporting.

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The other side of ESG information

While the general direction of most major jurisdictions is towards improving, increasing, and mandating sustainability reporting, not everyone agrees that more needs to be done to support environmental, social and governance (ESG) disclosure.

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