ESG is here and there’s no turning back, says Julie Iskow, Executive Vice President and Chief Operating Officer at Workiva, in a recent Forbes piece sharing her thoughts on the future of environmental, social and governance (ESG) reporting.
China’s Ministry of Ecology and Environment (MEE) has issued new rules introducing mandatory environmental disclosures for domestic enterprises.
We are interested to note a new directive on climate reporting from State Street Global Advisors (SSGA), which is the world’s fourth largest asset manager.
The International Financial Reporting Standards (IFRS) Foundation Trustees have begun the search for up to 11 members of the newly formed International Sustainability Standards Board (ISSB).
The industry-led Impact Taskforce (ITF) – established by the G7 Presidency to examine how private capital can be mobilised at scale in support of key global sustainable development targets – has published its report, with recommendations for urgent action.
Debate on sustainability reporting in Europe continues. On 31 December, the EU Council approved the EU Taxonomy Climate Delegated Act, part of the EU Action Plan on Sustainable Finance, enabling the regulation to take effect as of 1 January this year.
The European Insurance and Occupational Pension Authority (EIOPA) has launched a consultation on draft application guidance on carrying out assessments of climate change materiality and using climate change scenarios in the Own Risk and Solvency Assessment (ORSA).
2021 has in many ways been the “year of ESG” – of environmental, social and governance issues – and has seen several crucially important developments, particularly in terms of sustainability reporting standards and requirements.
The XBRL Standards Board has approved updates to both the Data Type Registry and the Unit Type Registry. This update contains new draft data types and units that provide support for reporting greenhouse gas emissions.
The European Commission has announced, in a letter to the European Parliament and the Council of the EU, that implementation of the second stage of the Sustainable Finance Disclosure Regulation (SFDR) will be pushed back to 1 January 2023.
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