News

CDSB welcomes UK’s leadership in mandatory TCFD implementation

The UK’s consultation to implement the TCFD in its mandatory requirements means that it could be the first G20 country to implement the Task Force’s recommendations. The draft requirements issued by the UK Department for Business, Energy & Industrial Strategy (BEIS) cover: All UK companies that are currently required to produce a non-financial information statement,

News

Euronext launches new CAC 40® ESG Index to meet financial community’s sustainable investment needs

Euronext on 22 March announced the launch of the CAC 40® ESG index1 (gross return Bloomberg  code: CACESGGR), designed to identify the 40 companies within the CAC® Large 60 Index that demonstrate the best Environmental, Social and Governance (ESG) practices. Responding to the growing demand for sustainable investment tools from investors and from the market, the

News

IFRS Foundation Trustees announce working group to accelerate convergence in global sustainability reporting standards focused on enterprise value

The Trustees of the IFRS Foundation today announced the formation of a working group to accelerate convergence in global sustainability reporting standards focused on enterprise value and to undertake technical preparation for a potential international sustainability reporting standards board under the governance of the IFRS Foundation. The working group will provide a forum for structured

News

New and revised human rights standards to be explored

A survey on updating GRI Topic Standards to improve human rights reporting has launched to seek views on the priority human rights issues that could be included in future in revised or new GRI Standards. The Universal Standards – which apply to all organizations using the Standards – are being updated by the Global Sustainability

News

SASB XBRL taxonomy now available for public comment

Today we are pleased to announce that SASB XBRL taxonomy is now available for public comment.  The public comment period will be open for a period of 60 days. It ends on May 3rd, 2021. What are the key aspects of the taxonomy? Reporting Format Agnostic – The SASB Taxonomy is, by design, agnostic to the reporting

News

CDSB will collaborate on preparation of Sustainability Standards Board

Today the IFRS Foundation has invited CDSB to join a working group to accelerate convergence in global sustainability reporting. The working group will provide technical recommendations, including further development of the climate prototype released in December by the Group of 5 reporting standard setters, as a potential basis for the new board to build on existing initiatives

News

How policymakers can drive sustainability reporting

With rising policy measures across global markets in support of responsible business conduct, GRI has launched a new publication to set out how policymakers can use the power of transparency to affect positive change. The GRI Standards: A Guide for Policymakers is an introduction for anyone in a public policy role to understand why and how

News

IFAC Convenes Leadership of Global Accountancy Profession to Progress Sustainability Agenda

The International Federation of Accountants (IFAC) last week convened over 150 chief executives and senior leaders of professional accountancy organizations around the world, together with its Board of Directors, to discuss critical issues relevant to the future of the accountancy profession. A key focus of the meetings was hearing from key stakeholders on the future

News

TISA publishes first ‘Good Practice Guide’ on ESG reporting

The Investing and Saving Alliance (TISA) has published a Responsible and Sustainable Investing Good Practice Guide to help financial services firms report in a «clear and consistent manner» under the Sustainable Finance Disclosure Regulations (SFDR). The guide is the first of its kind launched by the cross-industry financial services membership body, which said it is

News

Sustainable Finance Disclosure Regulation (SFDR): What to Expect

As recently confirmed, the EU Sustainable Finance Disclosure Regulation (SFDR), becomes effective on 10 March 2021. The SFDR imposes sustainability-related disclosure requirements on financial services institutions such as banks, insurance companies, pension funds, and investment firms.[1] However, its implications go beyond the financial sector. This summary discusses how the SFDR will impact the real economy. Key takeaways