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Encouraging progress on EU standards – with deeper alignment the next step

Mapping the new European Sustainability Reporting Standards with the GRI Standards An analysis of the ESRS against the widely used GRI Standards is now available. This follows the publication of the exposure drafts of the European Sustainability Reporting Standards (ESRS) in April – claimed by GRI to a crucial element in achieving the EU Green

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New report helps companies and investors make sense of proposed climate disclosure standards

The Sustainability Institute by ERM (ERM) and Persefoni have made public a new report “The Evolution of Sustainability Disclosure” which reveals that there is substantial convergence among new climate-related disclosure frameworks. Namely the proposed rules developed by the Securities and Exchange Commission (SEC) in the U.S., the European Financial Reporting Advisory Group (EFRAG) in the EU, and

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Connecting internal assurance and governance to support effective oversight of integrated reporting

The IFAC has announced the publication of a related resource for boards of directors following the IFRS Foundation’s announcement about the future of both the integrated reporting and International Integrated Reporting Framework. The IFAC has successfully collaborated with the Institute of Internal Auditors (IIA) to enhance Executing the Board’s Governance Responsibility for Integrated Reporting—the second installment in IFAC’s

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Leading financial market participants call for stronger alignment of regulatory and standard setting efforts around sustainability disclosure

Financial market regulators should seize the opportunity to get it clear, comprehensive and comparable disclosure of sustainability-related information right by ensuring compatible standards. These are some of foundational building blocks of a well-functioning global financial system. The International Sustainability Standards Board (ISSB), in addition to the US Securities and Exchange Commission (SEC), the European Commission

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Integrated Reporting—articulating a future path

The International Accounting Standards Board (IASB) Chair Andreas Barckow and International Sustainability Standards Board (ISSB) Chair Emmanuel Faber have communicated plans for the future role, governance and development of the VRF’s Integrated Reporting Framework and Integrated Thinking Principles. This follows progress accomplished with the Value Reporting Foundation (VRF) consolidation process, and after the IFRS Foundation clarified its plans for

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Business Leaders Call for a Common Standard on ‘Onerous ESG Frameworks’

The chief executive of one of the world’s largest consumer goods companies warned of the danger of jurisdictions setting varied, onerous ESG standards that will impede thousands of small and medium enterprises (SMEs) from sustainability reporting. This comes on the back of regulators in North America, Europe and Asia trying to tackle how to ensure companies

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TNFD expands engagement activities to support nature-risk framework development

Today, at the World Economic Forum in Davos, Switzerland, the Taskforce on Nature-related Financial Disclosures (TNFD) announced three initiatives to expand consultation with market participants and other stakeholders on the design and development of the TNFD’s recommendations on nature-related risk and opportunity management. The TNFD framework, now in prototype format, will enable corporates and financial institutions to

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An enabler for more integrated reporting on the SDGs

A revised document guiding companies to link Sustainable Development Goals with the GRI Standards has been launched. The latest GRI resource assists companies to raise focus on how they are contributing to the UN Sustainable Development Goals (SDGs), by using the GRI Standards – the world’s most widely used sustainability reporting standards.  Organizations of all

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Leading global investors commend direction of IFRS Sustainability Exposure Drafts

A group of global investors have commended the direction of the IFRS Sustainability Disclosure Standards Exposure Drafts. Their total assets represent over US$53 trillion. In a letter, the group praised the ISSB’s responsiveness to meeting investor needs for improved sustainability-related disclosures. The two ISSB’s proposals — IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Disclosure and IFRS S2 Climate-related Disclosures —

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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.