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The Value Reporting Foundation Publishes Updated SASB Standard for the Apparel, Accessories & Footwear Industry Ahead of Transition to the ISSB

Following a rigorous due process involving industry consultation, public comment period and approval by the SASB Standards Board, updates to the Apparel, Accessories & Footwear Standard have been published by the Value Reporting Foundation. The thinking behind is to revise and clarify two metrics and technical protocols connected to the Raw Materials Sourcing disclosure topic.

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SEC Extends Comment Period for Proposed Rules on Climate-Related Disclosures, Reopens Comment Periods for Proposed Rules Regarding Private Fund Advisers and Regulation ATS

The public comment period on the proposed rulemaking to enhance and standardize climate-related disclosures for investors has been extended until June 17, 2022 by the Securities and Exchange Commission. The SEC additionally declared that it will reopen the comment periods on the proposed rulemaking to strengthen private fund investor protection, including the proposed rulemaking to

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Human rights is at the heart of corporate transparency

Growing investor-led pressure for consistent disclosure on human rights impacts The GRI Perspective, the regular series exploring topical themes in the world of sustainability reporting has concluded that Stakeholder demands are reaffirming disclosures on human rights related impacts are central to how companies demonstrate accountability. Better human rights reporting — needed now, but how? clearly highlights the

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Progress on corporate transparency in EU

GRI remains committed to alignment as draft European Sustainability Reporting Standards unveiled GRI, the world’s leading provider of standards on sustainability impacts, has welcomed the publication of the exposure drafts for the new European Sustainability Reporting Standards (ESRS). Since July 2021, GRI has been collaborating with the European Financial Reporting Advisory Group (EFRAG) to provide technical input

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Only half of banks worldwide will be ready for regulatory sustainability reporting in the next six months

Avanade, a leading Microsoft solutions provider, and Efma, a global, non-profit organization created by leading banks and insurers has written their latest report – stating that many banks are well short to meet their environmental, social and governance (ESG) goals. Depicting how banks and financial institutions are currently claiming they are under increasing regulatory pressure to

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Canada Introduces Mandatory Climate Disclosures for Banks, Insurance Companies Beginning 2024

According to the federal government’s newly released Budget 2022, Canada will require banks and insurance companies to provide disclosures on their climate-related risks and exposures – starting 2024. The budget additionally sets out over $9 billion in funding to address climate change, and plans for a new green bond offering next year. Last year, Prime

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ISSB delivers proposals that create comprehensive global baseline of sustainability disclosures

Founded at COP26, the International Sustainability Standards Board (ISSB) has launched a consultation on its initial two proposed standards to develop a full, international baseline of sustainability disclosures for capital markets. One sets out general sustainability-related disclosure requirements and the other focuses on climate-related disclosure requirements. The proposals―exposure drafts—build upon the recommendations of the Task Force on Climate-Related

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How taxes demonstrate impact and accountability

New edition of The GRI Perspective explores tax as a sustainability topic Taxation — What does the level say about how much companies contribute in operating communities and societies and why is full tax transparency momentum gathering pace, in markets around the world? The GRI Perspective: We need to talk about tax addresses these key questions, charting

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Companies to be more accountable for their social and environmental impact

The European Parliament’s Committee on Legal Affairs (JURI) has elucidated its stance regarding the Corporate Sustainability Reporting Directive (CSRD) with 22 votes in favour and one against. This means that large companies will shortly be obliged to publicly disclose detailed findings on the way they operate and manage social and environmental risks. If EU governments concur,

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IFRS Foundation and GRI to align capital market and multi-stakeholder standards

Agreement to create an interconnected approach for sustainability disclosures The International Sustainability Standards Board (ISSB) and the Global Sustainability Standards Board (GSSB), will be jointly worked on by the IFRS Foundation and Global Reporting Initiative (GRI). Both have announced a collaboration agreement under which they will seek to coordinate their work programmes and standard-setting activities. At COP26, both made