The Council of the European Union and the European Parliament have this week reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD), a crucial step towards passage of this law.
The IFRS Foundation Trustees have announced the appointment of four inaugural members of the International Sustainability Standards Board (ISSB), joining the Chair and Vice Chair.
In case you missed it, Accountancy Europe’s third ‘ESEF in Practice’ webinar, held with event partners Toppan Merrill and Workiva, is now available to view in full online, along with a brief event recap.
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.
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 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.
“While there has recently been significant progress towards the development of a global baseline for sustainability reporting in the private sector, public sector sustainability reporting has yet to move forward in the same way,” says the International Public Sector Accounting Standards Board (IPSASB).
Accountancy Europe has released an interesting discussion paper on sustainability assurance under the proposed Corporate Sustainability Reporting Directive (CSRD).
China has issued its first environmental, social and governance (ESG) disclosure standard, to take effect on 1 June 2022.
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