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Navigating the European ESG Disclosure Regime in a Post-Brexit World

Following increased public attention to the global sustainability agenda, investors, public institutions, and companies around the world are increasingly prioritizing environmental, social, and governance (ESG) measures as part of their investment criteria. With this growing demand for sustainable investment strategies, it is unsurprising that the global regulatory landscape has been rapidly developing to accommodate this

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Patchy corporate climate disclosure prompts G20 watchdog to act

G20 companies will face common disclosure requirements on climate change risks under plans by the Financial Stability Board, which coordinates financial rules for the group. In the latest sign of how policymakers want faster action to replace the patchy progress seen so far, the FSB said on Tuesday that said it will set out in

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A Central Bank’s Guide to International Financial Reporting Standards

About one-quarter of the world’s central banks apply IFRS with approximately a quarter more looking to IFRS for further guidance where their local standards do not provide enough guidance. Given the varied mandates and types of policy operations undertaken by central banks, there also exists significant variation in practice, style, and the extent of the

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Embracing a new operating reality for corporate reporting

In the face of COVID-19, finance leaders find themselves having to strike a difficult balance in delivering corporate reporting. On one hand, they must respond to the pandemic with resilience and transparency; on the other hand, they must also generate long-term, sustainable value for stakeholders that focuses not only on financial outcomes but also on

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What is the Impact of the EU Sustainable Finance Disclosure Regulation (SFDR)?

How do my investment choices impact the planet? This is the simple question at the heart of the complex Sustainable Finance Disclosure Regulation (SFDR). There is no escaping the truth: the SFDR is complicated. It is multifaceted. It is – at times – slightly enigmatic. The goal of this article is to untangle the intricate

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The Future of Reporting

In the last few years, sustainability reporting has accelerated into mainstream business practice. Once a voluntary exercise, done by a few leading companies as a show of accountability and transparency to stakeholders, reporting on sustainability today is driven by growing regulation and demands from investors who are increasingly interested in the connectivity between ESG factors

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IASB seeks comments to help shape its five-year plan

The International Accounting Standards Board (Board) has published a consultation document to seek views on what the Board’s priorities should be over the next five years. This is the third time the Board has consulted the public via an agenda consultation to help create its five-year plan. The Board is asking for views on the strategic direction

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Corporate reporting reviews: a new approach for the FRC

The UK’s Financial Reporting Council (FRC) has, for the first time, published summaries of its corporate reporting reviews. The regulator conducts over 200 corporate reporting reviews to assess whether company reports and accounts comply with relevant reporting requirements. The increased transparency is aligned with the recommendation in the Kingman review that reviews should be made

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Another step towards more accurate sustainability reporting: new model to estimate carbon capture by trees

Researchers have come up with a new model to estimate carbon capture by trees enabling more accurate sustainability reporting. Sustainability reporting is becoming increasingly important. Most of the world’s largest 250 companies now periodically produce sustainability reports on which auditors provide assurance. As much as 45 per cent of the world’s carbon is stored by

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Cheap alternate data will eventually give disclosure regulators a run for their money

The investment community has been petitioning the FASB and the SEC for years with a series of asks: Consider this 2007 request from the CFA Institute for more granular data on company’s segments, for the direct method of reporting operating cash flows instead of the opaque indirect method, for greater transparency around off-balance sheet commitments, contingencies, for