An automated portfolio set up in order to report capabilities to its EU Regulatory Solutions suite has been announced by the Institutional Shareholder Services’ (ISS) responsible investment arm, ISS ESG. The announcement took place on the 1st of September. The objective is to facilitate compliance with the EU Taxonomy reporting obligations and Sustainable Finance Disclosure Requirements
New podcast series uncovers the true facts in SDG reporting Despite the fact that the so-called ‘Decade of Action’ for the Sustainable Development Goals (SDGs) is currently in operation, we ask ourselves how can companies look beyond the processes and paperwork, to grasp in detail the ways their impacts and actions can assist or hinder
Guidance and online course launched by CDSB to help companies disclose water-related financial information to investors
A new guidance and an online course to assist the disclosure of financial water-related information by companies has been released by the Climate Disclosure Standards Board (CDSB). Sustainable management of water is paramount to businesses. In 2020, corporates announced water-related risks to total US$301 billion through CDP; while commenting that the investment needed to allay those risks was just US$55 billion.
A planned timeline for mandated climate disclosure for major companies has been announced by the Swiss government. The idea behind this is to join the ranks of nations in order to boost the requirements of sustainability reporting. Public companies, banks and insurance companies with greater than 500 employees, more than CHF 20 million in total
“With a clear global trend towards mandatory sustainability reporting, the expectations of finance professionals are changing. A4S and its ABN Network have produced guidance to help accountants navigate the rapidly changing corporate reporting landscape, and make sustainable business, business as usual.” Jessica Fries, Executive Chairman, A4S Historically, financial terms have always been the measurement for business
More than half (56%) of public sector organisations do not currently report on their climate impact as revealed by a recent international survey of public sector professionals by CIPFA, the Chartered Institute of Public Finance and Accountancy. This research sets out a baseline from which the evolution of sustainability reporting in the public sector may
The Global Reporting Initiative (GRI) and the European Financial Reporting Advisory Group (EFRAG) announced a new cooperation agreement for the development of EU sustainability reporting standards and supporting convergence with global standards. The EU and GRI are both committed to standards that are multi-stakeholder inclusive and address the impacts organizations have on the environment, society
IOSCO elaborates on its vision and expectations for the IFRS Foundation’s work towards a global baseline of investor-focussed sustainability standards to improve the global consistency, comparability and reliability of sustainability reporting
The Board of the International Organization of Securities Commissions (IOSCO) has yesterday published a report on issuers’ sustainability-related disclosures. The report, developed by IOSCO’s Sustainable Finance Taskforce (STF), reiterates the urgent need to improve the consistency, comparability and reliability of sustainability reporting for investors. Over the year since the STF was established, global momentum has
Following the release of the industry’s Climate Action Framework this spring, the American Petroleum Institute (API) last week unveiled the next step in its efforts to accelerate climate solutions – a new template for individual companies in the natural gas and oil industry to more consistently report and track greenhouse gas (GHG) indicators. While many companies have reported GHG
IFAC, AICPA & CIMA Global Benchmarking Study Highlights Significant Differences Across Jurisdictions Global practices for sustainability assurance—including the prevalence of assurance, level of assurance, and standard and practitioner used—varies widely by jurisdiction, according to a new study from the International Federation of Accountants (IFAC) and the AICPA & CIMA (representing the Association of International Certified Professional Accountants).