EFRAG Call for ESG Task Force Members
Europe are seeking expert input as they take the next step in the all-important process of building data standards for non-financial reporting.
Items tagged with "ESG"
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ESMA emphasises need for ESG Standards and Access to Data
The European Securities and Markets Authority (ESMA) has emphasised the need for standardised Environmental, Social and Governance (ESG) disclosures in its response to the European Commission’s (EC’s) consultation on the renewed sustainable finance strategy.
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GRI and SASB collaborate for Sustainability Reporting clarity
As repeat readers of this newsletter will know, sustainability reporting has long been troubled by a confusing proliferation of competing and complementary standards and frameworks that reduce usability and comparability.
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EFRAG tasked with proposing Non-financial Reporting Standards
The European Commission (EC) continued making headway on non-financial reporting this week with an announcement that the European Financial Reporting Advisory Group (EFRAG) is to develop recommendations for non-financial reporting standards.
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ESG Information: Mark up to reduce risk
An article by Romane Maguet and Thomas Verdin, of XBRL Europe, in Revue Banque this week calls for ESEF-style tagging to be extended to non-financial information.
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Accountancy Europe publishes findings from NFI Reporting Paper response
Non-financial (or environmental, social and governance – ESG) reporting is very much on the radar right now, especially in Europe. This week Accountancy Europe added to the debate with a number of new reports, including a follow up to their recent paper, Interconnected Standard Setting for Corporate Reporting.
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Single Data Access Point to boost ESG Information
A collection of European financial associations have called on the European commission to establish a common Environmental Social and Governance (ESG) data register and facilitate disclosure to enhance the quality and usability of ESG data.
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ESAs call for mandatory standardised ESG Disclosure in NFRD response
The European Securities and Markets Authority (ESMA), European Insurance and Occupational Pensions Authority (EIOPA), and European Banking Authority (EBA), or ESAs, have provided a joint letter to the European Commission highlighting key messages in their response to the review of the Non-Financial Reporting Directive (NFRD). The ESAs agree that the NFRD needs revising to meet […]
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ESAs announce public hearing on ESG Disclosures
The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) are holding a public hearing to explain and discuss their current consultation on sustainability-related disclosures. The consultation explores requiring certain sustainability metrics for financial service providers and products to be disclosed. The aim is to reduce greenwashing by standardising the metrics that are used to classify financial […]
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Addressing Climate Risk Down Under
Adrian Orr, Governor of the Reserve Bank of New Zealand, underlined why the Bank believes mandatory disclosure of climate risk is essential for preserving financial stability at a recent virtual roundtable. Financial stability requires all relevant risks to be adequately identified and priced. Climate change presents a direct and material risk to financial stability – […]
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