We were interested to note that Japan’s Financial Accounting Standards Foundation (FASF) has revised its organisational charter to include sustainability reporting standards in its purpose and business, in addition to accounting standards.
This week in Glasgow, at COP26, the IFRS Foundation announced the formation of the International Sustainability Standards Board (ISSB) to develop comprehensive baseline global standards for sustainability reporting.
“Sustainable finance is crucial for promoting orderly and just transitions towards green and more sustainable economies and inclusive societies,” say the G20 leaders.
Europe is setting new rules on disclosures on financial products that seek to make sustainable investments, contributing to environmental objectives.
With COP26 upon us, it is no surprise that climate and sustainability have been at the forefront of our minds around the world in recent days and weeks. In the UK, a number of announcements are set to have important impacts for reporting into the future.
As we recently reported, the Value Reporting Foundation has released the SASB Standards XBRL Taxonomy, enabling digital tagging of sustainability reporting using the SASB (formerly Sustainability Accounting Standards Board) set of standards, and hence improved comparability and analytical capabilities.
For those interested in the development of the proposed International Sustainability Standards Board (ISSB), a webcast from the International Financial Reporting Standards (IFRS) Foundation is important viewing.
The European Financial Reporting Advisory Group (EFRAG) Project Task Force on the reporting of non-financial risks and opportunities and linkage to the business model (PTF RNFRO) has published a new report, connecting sustainability concerns with financial performance.
The Value Reporting Foundation has officially released the SASB Standards XBRL Taxonomy, in an important step forward for structured sustainability reporting
While new disclosure standards and requirements appear to be on the horizon, we’ve seen different perspectives this week on how environmental, social, and governance (ESG) factors are reflected in current reporting.
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