Klaas Knot, Chair of the Financial Stability Board (FSB) and President of De Nederlandsche Bank, recently spoke on the role of the financial system in “a smooth and graceful transition” to net zero.
We liked a recent article by Robert G. Eccles in Forbes, offering ‘A comparative analysis of three proposals for climate-related disclosures.’
For those taking a close interest in the development of the European Sustainability Reporting Standards, the European Financial Reporting Advisory Group (EFRAG) has published its ‘Basis for conclusions’ to supplement recent exposure drafts, currently out for consultation.
The three European Supervisory Authorities (ESAs) – the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) – have issued a joint supervisory statement clarifying key aspects of Sustainable Finance Disclosure Regulation (SFDR) disclosures.
We found food for thought in a recent survey of US public companies by EY and the Financial Education & Research Foundation on ‘How finance professionals are helping to advance ESG reporting.’
The Canadian government has set climate-related financial disclosure as the top priority for its Sustainable Finance Action Council, which has been asked to advise ministers on the most effective ways to implement mandatory climate disclosures by the end of the year.
The IFRS Foundation staff has this week issued a request for feedback to help shape the development of the IFRS Sustainability Disclosure Taxonomy – the XBRL taxonomy that will permit digital sustainability reporting under the standards being developed by the ISSB.
The US Securities and Exchange Commission (SEC) has this week published two new rules that include XBRL reporting components, both now open for public comment.
The International Sustainability Standards Board (ISSB) has also this week outlined the steps needed on the path to establishing a comprehensive global baseline for sustainability disclosures.
The Securities and Exchange Board of India (SEBI) has constituted a new advisory committee on environmental, social and governance (ESG) matters in the securities market.
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