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CDSB warns a comply or explain approach is not sufficient in reaction to UK FCA’s Proposals to enhance climate-related disclosure by listed issuers and clarification of existing disclosure obligations

CDSB welcomes the UK Financial Conduct Authority’s (FCA) efforts to speed up the uptake of high-quality climate-related financial reporting by premium listed companies, but warns that a comply or explain approach will not result in a timely and adequate response to the climate risks faced by the market. On Friday, 6th March, the FCA published

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Integrated reporting: Accounting goes sustainable

Combining conventional financial reporting with non-financial reporting in a single integrated framework presents challenges Corporate reporting – certainly in Europe – is generally associated with a set of accounts prepared using International Financial Reporting Standards. At the same time, businesses also file supplementary accounts to meet a specific purpose such as dividend payments or tax liabilities.

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Comprehensive ESG backed by world’s largest sovereign wealth fund

Norges Bank press for companies to improve and increase ESG disclosures​ A report from Norges Bank Investment Management – manager of the one trillion Euro Government Pension Fund of Norway – has called for businesses to improve metrics to ensure they disclose ‘relevant, quantitative and comparable information on environmental, social and governance (ESG) issues’. Norges

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4 things you should know about sustainability reporting practices

A new report by The Conference Board reveals the latest trends in sustainability reporting. The analysis examined how nearly 6,000 companies in 26 countries are reporting on more than 90 environmental and social practices, ranging from greenhouse gas (GHG) emissions to boardroom diversity to water consumption. As companies prepare for the sustainability reporting season, here are four

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Banks Must Step Up Climate Risk Disclosures, Lagarde Says

Banks must improve transparency on their exposure to climate- change risk and central banks need to pay closer attention as the entire financial sector is at risk, European Central Bank President Christine Lagarde said on Thursday. Calling the fight against climate change mission-critical, Lagarde began an overarching review of the ECB’s policy framework last month

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The review of the Non-Financial Reporting Directive – why it’s significant and what to watch for?

The European Commission launched the public consultation on the review of the Non-Financial Reporting Directive. Why is this significant?  The Directive currently requires large listed companies, banks and insurance companies with more than 500 employees to disclose non-financial information on their environmental and social impacts. Reporting under the Directive first began in 2018. While the introduction

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Company Reporting of UN Sustainable Development Goals Fails to Align with Highest Levels of Exposure, According to S&P Global’s Trucost

Trucost, part of S&P Global released a research report titled “Sustainable Development Goals (SDGs) – A Misunderstood Market Opportunity?” assessing the SDG impact of companies listed on the S&P 500®. The findings show that the SDGs reported by companies does not align with the goals that have the highest risk exposure to the organization. The analysis found

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CDSB and CDP release handbook to meet challenges of environmental and climate reporting across the EU

With the EU Green Deal aiming to increase environmental and climate disclosure, the Climate Disclosure Standards Board (CDSB) and CDP have released an environmental reporting handbook to help companies improve their disclosure in line with the Non-Financial Reporting Directive (the Directive). The Directive requires around 6,000 companies across Europe to disclose in their management report information on policies,

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How will your corporate reporting change to balance all stakeholders’ needs?

Our changing world is increasing demand on companies to deliver value for a broader stakeholder group – and corporate reporting needs to keep pace. We are living at a time when business failure – be it financial, ethical or societal – is making news headlines. Driven by a number of global megatrends, business is expected

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From Non-Financial Disclosure to Integrated Reporting

The present time is characterized by constant business changes, which have a major impact on the competitiveness, growth, efficiency, and survival of any enterprise. Business entities must respond to the ever-changing market situation and be able to adapt to these changes professionally. The increase of entrepreneurial activities is a major issue on which the sustainability