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Reformulating the alphabet soup of ESG reporting

Tangible progress is, at last, being made towards establishing global standards for sustainability reporting, with implications for food manufacturers that have led the way on sustainability and those that have dragged their feet. Ben Cooper reports. As more attention returns to the climate emergency and companies face increasing investor scrutiny in relation to climate-related risk

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Gartner Says CFOs Must Embed Corporate Sustainability in Their Firms’ Investment Proposition

CFOs who improve their organization’s environmental, social and governance (ESG) reporting to investors will enjoy improved access to capital, stock performance, and customer loyalty, according to Gartner, Inc. “Approximately one in 10 investors find the ESG information they are looking for in corporate disclosures,” said Stephen Adams, director in the Gartner Finance practice. “There is

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New Practices of ESG Reporting in Digital Era

ESG reporting is a fundamental component of the entire ESG value chain. As an important communication channel with stakeholders including shareholders and investors, it serves as one of the major sources of ESG data and functions. With the growing demand for quality ESG data, tightened regulations towards ESG reporting have been applied in many Stock

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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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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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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

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New Zealand introduces climate change law for financial firms in world first

The new law will require banks, insurers and investment managers to report the climate impacts of their businesses and explain how they will manage risks. New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister