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ESMA specifies obligations on environmentally sustainable activities

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published its Consultation Paper containing ESMA’s draft advice to the European Commission on Article 8 of the Taxonomy Regulation. This specifies the content, methodology and presentation of the key performance indicators (KPIs) that non-financial undertakings and asset managers are required to disclose. ESMA’s proposals

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Sustainability Reporting is Becoming More Streamlined

More companies are buying into sustainability reporting, but one common complaint is that with all the various frameworks, deciding on which one to use — or for many companies, which ones — can be bewildering. Although sustainability leaders including the outgoing head of the Global Reporting Initiative (GRI), Tim Mohin, have insisted that the «perception» of issuing sustainability reports is more

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Over three quarters of world’s largest companies do not report risks from biodiversity loss: KPMG survey

Businesses worldwide have a critical role to play in addressing the inherent, existential risks of biodiversity loss. Yet, less than one-quarter (23 percent) of companies worldwide at risk from the loss of biodiversity are currently disclosing that risk in their corporate reporting, according to The Time has Come, KPMG International’s Survey of Sustainability Reporting 2020. With

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Progress report published for project on preparatory work for the elaboration of possible eu non-financial reporting standards

​​On 25 June 2020, the European Commission (EC) issued a request for technical advice mandating EFRAG to undertake preparatory work for the elaboration of possible EU non-financial reporting standards in a revised Non-Financial Reporting Directive (NFRD), the ultimate objective being to allow for the swift development, adoption and implementation of European standards, should that be the choice

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Consultation: The CDSB Framework application guidance for water-related disclosures

CDSB invites comments from multi-stakeholders on the CDSB Application guidance for water-related disclosures and how it can support the integration of material water-related information in corporate mainstream reports. About the guidance The CDSB Framework application guidance for water-related disclosure (Water Guidance) has been produced by the Climate Disclosure Standards Board (CDSB) to assist companies in the disclosure of material

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Do Professional Standards Account for Pandemic Risks?

COSO’s Enterprise Risk Management Framework. The GRI Standards. The SASB Standards. The Integrated Reporting Framework. The Sustainable Development Goals. These are the models and metrics that have been introduced (or modified) during the past few years to help organizations and societies account for environmental, social, and economic risks. The coronavirus (COVID-19) pandemic, of course, is

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Five Steps to Good Sustainability Reporting

Sustainability reporting is no longer optional—it’s a stakeholder expectation. Most business leaders understand this: 90 percent of S&P 500 companies now issue public sustainability reports. By reporting, they capture a number of external and internal benefits, which include meeting regulatory requirements, improving relationships with stakeholders, enhancing trustworthiness and reputation, clarifying a company’s performance on sustainability issues (which

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55 Leading International Asset Owners and Asset Managers Ask Companies to Use SASB Standards

The Investor Advisory Group (IAG) of the Sustainability Accounting Standards Board (SASB) yesterday issued an updated statement calling on companies to use SASB Standards in disclosures to investors. The IAG’s 55 members represent 12 countries and $41 trillion in assets under management (AUM). Among the updates made to the IAG Statement, when compared with the

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The UK Government announces intention to mandate climate disclosure by large companies and financial institutions across the economy by 2025

CDSB welcomes mandatory implementation of climate risk disclosures using the TCFD recommendations across major sections of the UK economy by 2025 Chancellor of the Exchequer Rishi Sunak last week announced that the UK Government will mandate the implementation of climate risk disclosure using TCFD recommendations, across the UK economy by 2025.   Mardi McBrien, Managing Director,

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79% of Australian ASX200 companies adopt integrated reporting, KPMG study finds

KPMG published their seventh annual survey of corporate reporting trends in Australia yesterday [10 November 2020], which is particularly interesting in light of the impact of Covid-19 and the push from regulators and investors for enhanced reporting disclosures on climate and pre/non-financial risks. The survey reveals that a large proportion of Australia’s largest listed companies on the