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European Sustainability Reporting Standards Within 18 Months

EFRAG to work with existing standards-setters to develop collaborative framework. With European corporates subject to new disclosure rules from January 2024, it’s a race against the clock to develop European Sustainability Reporting Standards for use by the end of 2022, according to Patrick de Cambourg, Chair of the European Financial Reporting Advisory Group’s (EFRAG) Lab

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Transparency offers the pathway to a more sustainable Earth

Interview with GRI’s Chief of Standards and Chief Development Officer Earth Day is an opportunity to put the spotlight on the pressing needs of our planet, in the face of ever growing impacts by humanity, and galvanize action to change practices and behavior. The corporate contribution to these impacts — by businesses and other organizations around

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New ESG and Gender Diversity Requirements for Listed Companies and IPO Applicants Proposed by Hong Kong Stock Exchange

On 16 April 2021, the Stock Exchange of Hong Kong Limited (SEHK) issued a consultation paper (the «Consultation») seeking public comment on proposed amendments to the SEHK’s Corporate Governance Code and Listing Rules intended to promote good corporate governance practices among listed companies and IPO applicants. Amidst the global surge in interest around environmental, social and governance

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GRI backs mandatory EU reporting on sustainability impacts

New corporate sustainability legislation would expand disclosure GRI has welcomed that the European Commission is maintaining its ambition to achieve progress in corporate transparency on sustainability impacts, following publication of the proposed new Corporate Sustainability Reporting Directive (CSRD). The CSRD would have a significantly extended scope than the current Non-Financial Reporting Directive, applying to all large or

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European Commission adopts proposal for a Corporate Sustainability Reporting Directive (CSRD)

On 22 April, the European Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD), which would amend the existing reporting requirements of the NFRD. This will extend sustainability reporting requirements to all large & listed companies. About 50.000 companies (compared to 11.000 today) would have to report on sustainability pursuant to the CSRD.

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SEC Makes Moves to Step Up ESG Enforcement

As investor demand for socially responsible investing continues to rise, the U.S. Securities and Exchange Commission (SEC) has increased its focus on compliance practices of investment advisors and funds. After the change in the presidential administration, it was anticipated that the SEC would again take up environmental, social, and corporate governance (ESG) reporting. While Commissioner

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Survey of sustainability reporting at tech companies

The Survey of Sustainability Reporting at Technology Companies reveals that much progress has been made in sustainability reporting and assurance. The survey offers insights for technology company leaders, boards, and sustainability professionals. Its aim is to support those who have a responsibility for assessing and preparing their own organization’s sustainability reporting. The survey also serves

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Delivering the GRI Standards in your language

Two significant changes to the world’s most widely used sustainability reporting standards mean that GRI is looking for peer reviewers to assist with the translation process into seven languages. Later this year, a major update to the Universal Standards will publish – the foundation for all reporting through GRI – as well as a first Sector Standard for

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SEC Commissioner Questions Value of Global ESG Standards

As accounting and sustainability standards and regulatory bodies begin work towards establishing a common set of ESG disclosure standards for company reporting, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has suggested taking a step back to consider the value and implications of these initiatives. In a public statement on the SEC website, Peirce

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Sustainability as a competitive advantage: lessons from Peru

Best Practices in Sustainability by Peruvian MSMEs features 33 case studies of businesses that have used sustainability as a competitive advantage. Ranging from improved waste management to savings in energy consumption, the examples share opportunities for MSMEs to incorporate sustainability practices into their core business strategy. Recognizing the crucial role of micro, small, and medium-sized enterprises