MAS publishes Climate Risk Guidance
The Monetary Authority of Singapore (MAS) has issued finalised Environmental Risk Management Guidelines for banks.
The Monetary Authority of Singapore (MAS) has issued finalised Environmental Risk Management Guidelines for banks.
This week the European Securities and Markets Authority (ESMA) published a supportive response to the IFRS Foundation’s consultation on establishing a new Sustainability Standards Board (SSB).
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.
In other sustainability standards news, the US Securities and Exchange Commission’s (SEC’s) Asset Management Advisory Committee recently published its recommendations on Environmental, Social and Governance (ESG) disclosure.
Want to know more about how machine-readable sustainability data will be prepared, reported and analysed in practice? As demand for Environmental, Social and Governance (ESG) data continues to grow amongst investors globally the Sustainability Accounting Standards Board (SASB) has begun work on an XBRL taxonomy designed to represent its set of 77 industry standards. Sign […]
Sustainability Accounting Standards Board (SASB) CEO, Janine Guillot, believes that the IFRS Foundation’s Consultation Paper on Sustainability Reporting is the most significant development in accounting standard-setting since the creation the IASB in 2001. And, with the stakes this high, she argues that it’s crucial to get it right.
This week has seen a flurry of new developments in the UK’s sustainability reporting space, taking the country another step closer to the useful, comparable, environmental data investors and regulators need.
This week the Task Force on Climate-related Financial Disclosures (TCFD) published its annual Status Report, showing significant growth in the number of supporting organisations and amount of investor demand.
Banks’ ability to carry out climate change related stress tests could be vastly improved by standardisation of corporate ESG risk disclosures, according to a new report published by Fitch Ratings.
To achieve the world’s current carbon-neutral goals, we need high-quality non-financial data in order to assess businesses’ impact on environmental and social matters.