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EU Commission publishes guidelines to improve how firms report climate-related information

The European Commission has published new guidelines on corporate climate-related information reporting, as part of its Sustainable Finance Action Plan. These guidelines will provide companies with practical recommendations on how to better report the impact that their activities are having on the climate as well as the impact of climate change on their business. The Commission has

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Update to German translation of GRI Standards

Updates to two versions of the GRI Standards – ‘GRI 303: Water and Effluents 2018’ and ‘GRI 403: Occupational Health and Safety 2018’ – have been translated into German. They are now available to any German-speaking organization using the Standards. ​All of the German translations of the Standards can be downloaded free of charge on the

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EU dragging its feet on sustainability reporting, warn auditors

A report published by the European Court of Auditors (ECA) highlighted an alarming lack of action by the European Commission on sustainable development. The review found that the European Commission does not report on or monitor how the EU budget and policies contribute to sustainable development and achieving the SDGs — despite the EU’s commitment to the

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Group of 88 investors target over 700 companies for not reporting environmental information

88 investors with nearly US$10 trillion assets are targeting companies that are not transparent enough about their environmental impact, and pushing them to disclose this information through CDP, the non-profit global environmental disclosure platform. The investors are targeting 707 companies with US$15.3 trillion market capitalisation across 46 counties for not reporting their climate change, water security and deforestation data. This includes Exxon Mobil, Shell,

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Public consultation period on the latest AA1000 Assurance Standard opened

The latest revision of the AA1000 Assurance Standard, the AA1000AS (2019), has been initiated by AccountAbility for public consultation via a globally accessible web platform on Friday 14 June 2019. The AA1000AS (2019) is an internationally accepted, freely available standard that provides the requirements for AccountAbility licensed assurance providers to conduct good-quality sustainability assurance on

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Corporate Reporting Dialogue consultation reveals urgent market call for indicator alignment on climate

Participants of the Corporate Reporting Dialogue – an initiative bringing together the major standard setters and framework providers globally – will announce the findings of their global market consultation on building better alignment via a webinar on Tuesday 25 June 2019. Through an online survey and a series of global roundtables held in 11 countries – Australia, Colombia, France, Germany,

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Second TCFD Status Report Shows Steady Increase in TCFD Adoption

Nearly 800 organizations have now expressed support for the TCFD and its recommendations The Task Force on Climate-related Financial Disclosures (TCFD) published its 2019 Status Report to the Financial Stability Board (FSB) yesterday. The TCFD’s second status report provides an overview of disclosure practices aligned with the Task Force’s recommendations between 2016 and 2018. The

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Integrate SDGs in the company’s full reporting cycle, “not just the contents page” – new UNCTAD/IIRC initiative

The UN’s Sustainable Development Goals (SDGs) can and must be integrated in to corporate reporting, according to a new agreement signed by the United Nations Conference on Trade and Development (UNCTAD) signed this week. UNCTAD and the International Integrated Reporting Council (IIRC) have signed an updatedmemorandum of understanding (MoU), in which the two organizations will enhance

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NASDAQ launches global ESG Reporting Guide for companies

Nasdaq announced recently the launch of its new global environmental, social and governance (ESG) reporting guide to support public and private companies. The 2019 ESG Reporting Guide includes the latest third-party reporting methodologies widely adopted by the industry, and aims to help companies navigate the evolving standards on ESG data disclosure, regardless of geography or market capitalization.

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Sustainability reporting in the digital age

Rebecca Walker Chan, Sustainability Advisor, argues that while new communication tools and channels can give sustainability reports more impact and relevance to their audience, the fundamentals for successful sustainability reporting remain the same. Since 2016, publicly traded companies in Hong Kong have been required to supply a report to The Hong Kong Stock Exchange about