News

PRI and WBCSD join forces to drive corporate-investor action on sustainable development

The Principles for Responsible Investment (PRI) and the World Business Council for Sustainable Development (WBCSD) – together representing asset owners, investment managers, service providers and businesses – have forged a new collaboration to create the enabling conditions for a sustainable financial system. In the landmark collaboration, the PRI and WBCSD will work to put sustainability

News

Corporate sustainability reporting is growing up

Sustainability reporting is quickly going mainstream. While companies aren’t always required by regulators to report their greenhouse gas emissions, human rights records and wastewater management, investors are pushing them for this information at a faster clip. Part of the issue is that global investors are under pressure from governments and asset owners themselves to report their impact

News

The Universal Standards: what’s changing and why?

In June, GRI announced a major update to the reporting at the heart of the GRI Standards. The planned revisions to the Universal Standards are significant because they will affect every organization that uses the GRI Standards, supporting them to more effectively report their most significant impacts on the economy, environment and people. To help put the

News

A cohesive and connected future for reporting in Europe

In 2014, the European Commission identified integrated reporting as ‘one step ahead’ of the Non-Financial Reporting Directive. Hundreds of businesses across Europe should be commended for taking this step in the intervening years, with many of Europe’s largest businesses successfully embedding integrated thinking and reporting into the way they do business. Driven by the desire

News

GRI and SASB are collaborating. Is that good news for companies?

For years, corporate reporters — those inside companies responsible for creating sustainability reports and reporting environmental, social and governance data to various other organizations — have been frustrated by what many refer to as an alphabet soup of standards and frameworks: CDP, GRI, IIRC, PRI, SASB, TCFD, UNGC and more. And while they grumbled at how those various organizations’ requests weren’t harmonized,

News

How can sustainability reporting change the way companies work?

The case for sustainable business practice is arguably more important than ever in light of the global pandemic, but discussion on how to proceed continues to exercise minds. We asked five experts for their view. Veronica Poole Partner, Deloitte, Global IFRS Leader, and Head of Accounting and Corporate Reporting We have reached a tipping point.

News

CDSB’s Climate Guidance marks the launch of application series

Climate Disclosure Standards Board (CDSB) released the CDSB Framework application guidance for climate-related disclosure (Climate Guidance). The release is the first in a series of guides on nature-related financial disclosure, with Water Guidance to follow early next year. Published today, the Climate Guidance is designed to provide additional “how to”assistance to companies to disclose material climate-related information in mainstream corporate reports. The

News

US Government Accountability Office: ESG Disclosure Is Prevalent but Problematic

A new report from the US Government Accountability Office (GAO) substantiates what capital markets have been telling us at the Sustainability Accounting Standards Board (SASB) for years: Investors don’t need more information about the environmental, social, and governance (ESG) challenges companies face. Rather, they need better information. The GAO report is fact-based, drawing on extensive analysis of existing corporate disclosure and

News

Upward trajectory for ESG disclosure requirements

Substantial increase in sustainability reporting regulations around the world​ A new report assessing the regulatory landscape for sustainability reporting has found that environmental, social and governance (ESG) disclosure has never been more pervasive globally – and is now firmly in the mainstream of disclosure on organizational performance. As the market implications of certain ESG topics

News

The World Federation Of Exchanges releases sixth annual sustainability survey

The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, published the results of its sixth annual Sustainability Survey. The WFE sustainability survey captures the nature and extent of member engagement with Environment, Social and Governance (ESG) issues in both developed and emerging markets. By carrying out this survey on an