The European Central Bank (ECB) has decided to set up a climate change centre to strengthen and bring together the bank’s work on climate issues, currently being carried out across different parts of the organisation.
As head of the world’s largest asset management firm, Larry Fink commands attention. Coming on the heels of the latest stewardship guidelines from BlackRock, his latest annual letter focuses on climate disclosure.
The Biden administration has nominated Gary Gensler to chair the US Securities and Exchange Commission (SEC), signalling a return to tougher regulation and enforcement for the agency.
Five global organisations in sustainability and integrated reporting have together published a paper addressing standards for reporting on enterprise value, illustrated with a prototype climate-related financial disclosure.
On 12 January, Switzerland officially became a supporter of the Task Force on Climate-related Financial Disclosures (TCFD), demonstrating the government’s support for greater disclosure of and transparency around climate-related financial risks.
It may only be mid-January, but the signs are stacking up that 2021 will without a doubt be a year of change in the Environmental, Social and Governance (ESG) arena. In early January, asset management giant BlackRock announced its expanded stewardship expectations and proxy voting guidelines for 2021. The updates send a strong signal to […]
Investors need high-quality, comparable environmental data that captures intangibles and is aligned with financial reporting. That’s the conclusion of Christian Dreyer, a leading analyst and independent investor and until recently the CEO of CFA Society Switzerland.
2020 saw significant momentum build for non-financial (sustainability) standards. The year kicked off with a paper from Accountancy Europe proposing that a new sustainability standards board be launched under the auspices of the IFRS Foundation, and ended with the IFRS consulting on just that.
Following the recent announcement that the Sustainability Accounting Standards Board (SASB) is converting its 77 standards into an XBRL taxonomy, XBRL US and SASB held a webinar this week to dive into the practicalities of digital sustainability reporting.
The past year has seen growing consensus on the need for non-financial reporting standards in order to mitigate climate-related financial risks and help investors divert capital towards more sustainable ends. However, sustainability reporting is a complicated task, and a number of difficult questions need to be answered before effective standards can be established.
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