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High quality disclosures vital for investors ahead of 2021 interim reporting season

Ahead of the 2021 interim reporting season, a review by the Financial Reporting Council (FRC) has highlighted examples of good practice in company’s interim reporting and areas where further improvements are required. The FRC reviewed the reports of 20 quoted companies across a range of industries to assess the quality of interim reporting. Timely and reliable interim

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New ISO standard for assessing and reporting green finance activities

Climate change is upon us, and it isn’t cheap. Not only does managing the effects of global warming require funding, but more money is needed to bring greenhouse gas (GHG) emissions down. It is estimated that many trillions of dollars of investment are required if we are to meet the world’s net-zero carbon goals.  Green finance, or investing

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Strengthening environmental and climate protection in corporate reporting obligations

Analysis of mandatory corporate sustainability reports shows deficits Certain large enterprises in the European Union are required to publicly disclose sustainability information. In this way, especially financial market participants shall obtain a more comprehensive picture of the sustainability risks enterprises are exposed to and of the impacts they have on environment and society. A recent

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New guide to help companies understanding the benefits of TCFD climate reporting

Bloomberg has created a guide to help you better understand the benefits of implementing the TCFD recommendations. The casualties of the climate crisis could include financial stability, the global economy, and the value of investments. As governments catch up to the realities of climate change and the policy response continues to gather pace, global markets

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IFRS Foundation Trustees publish institutional arrangements for proposed new sustainability standards board

The Trustees of the IFRS Foundation (Foundation) published on 30 april the proposed amendments to the Constitution of the Foundation to accommodate the potential formation of a new International Sustainability Standards Board (ISSB) within the governance structure of the organisation. In addition, the Trustees have published a Feedback Statement that summarises feedback received to their consultation on sustainability reporting. All

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ESG and Human Capital Reporting: Contemplating Diversity Disclosures

Institutional investors and other stakeholders are seeking better information from public companies on workforce diversity. Company executives and boards are discussing how and what to disclose, and many observers believe the SEC will mandate further disclosures. But when it comes to disclosing Human Capital information, straightforward and satisfactory answers are elusive. For SEC-reporting companies there

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Brazil’s Central Bank Continues To Advance On Its ESG Agenda

On April 26, 2021, the Central Bank of Brazil (BCB) launched a new public consultation (No. 86/2021, the “Consultation”) on a proposed regulation for mandatory disclosure of social, environmental, and climate risks by financial institutions. Climate-related risks must be disclosed in accordance with the TCFD Recommendations (“Recommendations”), including both physical and transition risks. As for

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Companies commit to SDGs collaboration

Businesses sign up to GRI forum on reporting for the SDGs A new GRI program to enhance corporate reporting on the Sustainable Development Goals (SDGs) by making it more relevant to stakeholders has commenced, bringing together senior representatives from multiple international companies.  The Business Leadership Forum on Corporate Reporting as a Driver for Achieving the SDGs will help companies use transparency to increase their contributions to national and

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Reformulating the alphabet soup of ESG reporting

Tangible progress is, at last, being made towards establishing global standards for sustainability reporting, with implications for food manufacturers that have led the way on sustainability and those that have dragged their feet. Ben Cooper reports. As more attention returns to the climate emergency and companies face increasing investor scrutiny in relation to climate-related risk

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Gartner Says CFOs Must Embed Corporate Sustainability in Their Firms’ Investment Proposition

CFOs who improve their organization’s environmental, social and governance (ESG) reporting to investors will enjoy improved access to capital, stock performance, and customer loyalty, according to Gartner, Inc. “Approximately one in 10 investors find the ESG information they are looking for in corporate disclosures,” said Stephen Adams, director in the Gartner Finance practice. “There is