The UK Financial Conduct Authority (FCA) has presented insights into how Authorised Fund Managers (AFMs) are aligning with regulatory expectations in their presentation of Environmental, Social, and Governance (ESG) information. The FCA’s evaluation assesses adherence to Guiding Principles provided in a letter sent to AFMs in July 2021.
The International Sustainability Standards Board (ISSB) recently convened at its newly established office in Beijing, China. The week included a number of updates, culminating in the Beijing International Sustainability Conference on 17 November.
Perhaps unsurprisingly considering stories surrounding greenwashing, a recent survey by PwC reveals rising investor apprehension around corporate sustainability reporting. A shocking 94% of respondents expressed concerns about unsupported claims, up from 87% in the previous survey, highlighting the growing challenge of greenwashing.
In a bid to enhance the clarity of information reported under the Sustainable Finance Disclosure Regulation (SFDR), the Dutch Authority for the Financial Markets (AFM) has proposed some changes.
The Global Reporting Initiative (GRI) is set to launch the Sustainability Innovation Lab (SIL) in partnership with the IFRS Foundation. The SIL aims to enhance sustainability disclosure capabilities globally, acting as a hub for innovation, professional development, and practical solutions.
The Australian government has launched its Sustainable Finance Strategy, a step toward achieving net-zero emissions. This framework aims to dismantle barriers to sustainable investments, aligning with global environmental goals.
Accountancy Europe, ecoDa, and ECIIA have jointly issued a guidance document to assist boards in integrating environmental, social, and governance (ESG) factors into their business models. It comes in response to the growing demand from stakeholders, regulators, and policymakers for enhanced sustainability performance and transparency from companies.
In a “fireside chat” last week, the Securities and Exchange Commission (SEC) Chair, Gary Gensler, refrained from confirming the release date of the pending US climate disclosure rule, indicating further delays, possibly into 2024.
Switzerland’s Federal Department of Finance (FDF) is set to propose rules which will involve regulating the use of labels like ‘sustainable,’ ‘green,’ or ‘ESG’ on financial products.
As we pass key milestones in climate reporting, the Financial Stability Board (FSB) presents its 2023 Progress Report, highlighting substantial advances made since October 2022.
Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.
By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy
XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
