UK expects all listed companies and large asset owners to disclose in line with TCFD by 2022

Ambitious goals are underpinned by collaboration with the private sector and initiatives to support implementation. The UK has launched its first Green Finance Strategy, outlining a wide range of actions to support financial system that supports and reaps the opportunities of a low-carbon and environmentally sustainable economy. As part of its strategy, the UK will take


Guidance on improving the quality of ESG information for decision-making

The World Business Council for Sustainable Development (WBCSD) and FSR — Danish Auditors have published a first-of-its-kind guidance on how companies can improve the quality of, and confidence in, their environment, social and governance (ESG) information by considering the basic building blocks of internal controls.  It’s important for companies to pursue investment grade ESG data

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Financial and non-financial reporting frameworks share common founding principles of transparency and accountability

The world’s leading financial and non-financial corporate reporting frameworks have the same common foundations, based on the key objectives of transparency and accountability, according to a position paper published by the framework providers. The position paper sets out the seven key principles report preparers should follow for achieving such transparency and accountability. Participants of the Corporate


Increase in E&S Disclosure from 2018 to 2019 in SEC Filings

In light of the increased spotlight on environmental, social and governance (“ESG”) disclosures, White & Case’s Public Company Advisory Group conducted a survey of environmental and social (“E&S”) disclosures in the Securities and Exchange Commission (“SEC”) filings of the top 50 companies by revenue in the Fortune 100. Our survey focused on 15 categories of common


‘Single all-encompassing framework’ needed for sustainability reporting

Research by the Better Alignment Project highlights confusion over differing sustainability reporting frameworks and the language and taxonomy they use. When it comes to sustainability reporting, corporate accounting departments are confronted with a plethora of choices; a huge number of systems that could be used to report a company’s environmental, social and governance credentials. This


Consultation findings on better alignment announced

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


How CDSB approaches aligning climate disclosure

Michael Zimonyi, policy & external affairs manager at the Climate Disclosure Standards Board (CDSB), explains how the organization helps issuers identify the right ESG reporting standards Can you describe CDSB and its role in ESG reporting?CDSB is an international consortium of business and environmental NGOs committed to aligning the disclosure of environmental information in mainstream


Auditors are key players in sustainability reporting

Auditors play a crucial role in testing and verifying the claims organisations are making about their sustainability, says the European Court of Auditors’ Eva Lindström. This week, the European Court of Auditors hosted the first EU high-level forum on sustainability reporting, entitled ‘Trust, transparency and the role of auditors’.  Together with agenda setters and key


How GRI targets common language for ESG reporting

Tom Whittles, senior media relations manager at the Global Reporting Initiative, tells Debbie Miller how the ESG reporting framework was developed and how it should be used What is your methodology and approach to reporting on ESG matters? The Global Reporting Initiative’s (GRI) methodology is encompassed through the GRI Standards, the most widely used sustainability reporting


Top 5 Reasons Why Sustainability Reporting is Relevant to Every Business

A company’s ability to positively impact social and environmental change has become an increasingly relevant consideration for businesses. Environmental, social and governance (ESG) factors cover a broad range of issues that touch on everything from company culture and employee compensation to climate impact and sourcing standards. While traditionally absent from financial reporting, larger companies recognize