Over one third of companies that are listed in the Swiss Market Index (SMI) are voluntarily committed to sustainability reporting, according to SIX Exchange Regulation, an autonomous and independent body within SIX that regulates and monitors participants and issuers. Two years ago, in recognition of the growing importance of sustainability reporting, the Regulatory Board passed Art.
Today, through collaboration with the World Business Council for Sustainable Development (WBCSD), eleven leading companies across chemical and electric utility sectors provide an in-depth look at climate-related financial disclosure in two landmark reports. As part of the Task Force on Climate-related Financial Disclosures (TCFD) Preparer Forums for Chemicals and for Electric Utilities, AkzoNobel, BASF, DSM,
GRI’s Chief Executive, Tim Mohin, testified on Wednesday 10 July 2019 before the US House Committee on Financial Services, which is considering new corporate reporting requirements for Environmental, Social and Governance (ESG) information. Addressing members of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets at a hearing in Washington, DC, Tim Mohin set out
A major new report assessing the climate performance of 274 of the world’s highest-emitting publicly-listed companies finds that almost half (46%) do not adequately consider climate risk in operational decision-making. A quarter (25%) do not report their own emissions at all, undermining a key recommendation of the Taskforce for Climate-related Financial Disclosure (TCFD). The report
Despite environmental, social and governance issues rising to the forefront of Fortune 500 companies’ corporate strategies due to growing interest from institutional investors, gaps still exist within the implementation and reporting of these ESG initiatives, according to new data released by Donnelley Financial Solutions (NYSE: DFIN), a leading global risk and compliance company. In recent
Private sector role in achieving progress towards UN climate change goals Policy makers and businesses need to work closer together to ramp up private sector engagement in the climate change commitments made under the Paris Agreement. Nationally Determined Contributions (NDCs) set out the efforts by individual countries to cut emissions and adapt to the impacts
According to a recent report by the KPMG Integrated Reporting Center of Excellence, in 2018 there were 414 self-declared integrated reports by Japanese companies. This is up from 24 in 2010, a compound annual growth rate of 43 percent. For the most part, these are large companies. Of the 2,218 companies in the First Section of the
As ESG initiatives and decision-useful reporting continue to gain importance, many C-suite and boards of directors are truly starting to pay attention. Every issuer is on its own ESG journey, regardless of whether the firm is disclosing ESG and sustainability reports today. As ESG initiatives and decision-useful reporting continue to gain importance, many C-suite and
Ambitious goals are underpinned by collaboration with the private sector and initiatives to support implementation. The UK has launched its first Green Finance Strategy, outlining a wide range of actions to support financial system that supports and reaps the opportunities of a low-carbon and environmentally sustainable economy. As part of its strategy, the UK will take
The World Business Council for Sustainable Development (WBCSD) and FSR — Danish Auditors have published a first-of-its-kind guidance on how companies can improve the quality of, and confidence in, their environment, social and governance (ESG) information by considering the basic building blocks of internal controls. It’s important for companies to pursue investment grade ESG data
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