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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

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API Unveils New Climate Reporting Template For Natural Gas And Oil Industry

 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

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New Study Reveals Lack of Standardization in Sustainability Assurance

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).

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EFRAG public consultation Due Process Procedures on EU Sustainability Reporting Standard Setting

EFRAG Secretariat seeks comments from stakeholders on its Public Consultation Paper: EFRAG Due Process Procedures on EU Sustainability Reporting Standard-S​etting. Comments are welcome by 15 September 2021. ​ ​The European Commission’s proposal for a Corporate Sustainability Reporting Directive (CSRD) envisages the adoption of EU sustainability reporting standards (ESRS). In this context, EFRAG is requested to provide Technical

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IIRC and SASB form the Value Reporting Foundation, providing comprehensive suite of tools to assess, manage and communicate value

The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) yesterday officially announce their merger to form the Value Reporting Foundation. The Value Reporting Foundation supports business and investor decision-making with three key resources: Integrated Thinking Principles, Integrated Reporting Framework and SASB Standards. These tools help businesses and investors develop a shared

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Swiss watchdog FINMA requires banks, insurers to disclose climate risks

Large Swiss banks and insurance companies will have to provide qualitative and quantitative information about risks they face from climate change, Swiss financial watchdog FINMA said on Monday as it released an amended publication on disclosure. FINMA’s updated circular on the new obligations, to take effect on July 1, follows similar moves by the European Central Bank,

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Well-embedded integrated thinking can make organisations more resilient in the face of challenges, like those that arose from the COVID-19 pandemic.

The integrated reporting process can kick-start integrated thinking, by bringing people from across the organisation together through the reporting cycle. At the same time, for organisations to obtain the full benefits, the reports need to communicate this to investors and other external stakeholders. This report looks at three key ways in which integrated thinking is

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Scaling the e-mobility transition: climate-related financial disclosure and the automotive sector

Yesterday, through collaboration with the World Business Council for Sustainable Development (WBCSD), leading automotive manufacturers and service providers provided an in-depth look at climate-related scenarios, risk management and disclosure in Planning to scale the e-mobility transition: climate-related financial disclosure and the automotive sector. As part of the Task Force on Climate-related Financial Disclosures (TCFD) Preparer Forum

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CFA Institute Publishes Exposure Draft of ESG Disclosure Standards for Investment Products

New Standards seek to provide transparency and comparability of investment products with ESG-related features CFA Institute, the global association of investment professionals, announces today the publication of the Exposure Draft of its forthcoming voluntary, global Environmental, Social and Governance (ESG) Disclosure Standards for Investment Products (“the Standards”). The draft is an initial version of the

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BNP Paribas Asset Management and CDP partner to accelerate the development of biodiversity reporting metrics

BNP Paribas Asset Management (‘BNPP AM’) and CDP yesterday announce a partnership to explore and support the development of common biodiversity corporate reporting metrics.  With BNPP AM’s backing, CDP will start to develop a common, globally relevant corporate biodiversity reporting framework that accelerates action on nature within the private sector. CDP, which runs a global