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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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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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New guide to help companies understanding the benefits of TCFD climate reporting

Bloomberg has created a guide to help you better understand the benefits of implementing the TCFD recommendations. The casualties of the climate crisis could include financial stability, the global economy, and the value of investments. As governments catch up to the realities of climate change and the policy response continues to gather pace, global markets

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IFRS Foundation Trustees publish institutional arrangements for proposed new sustainability standards board

The Trustees of the IFRS Foundation (Foundation) published on 30 april the proposed amendments to the Constitution of the Foundation to accommodate the potential formation of a new International Sustainability Standards Board (ISSB) within the governance structure of the organisation. In addition, the Trustees have published a Feedback Statement that summarises feedback received to their consultation on sustainability reporting. All

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Transparency offers the pathway to a more sustainable Earth

Interview with GRI’s Chief of Standards and Chief Development Officer Earth Day is an opportunity to put the spotlight on the pressing needs of our planet, in the face of ever growing impacts by humanity, and galvanize action to change practices and behavior. The corporate contribution to these impacts — by businesses and other organizations around

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Survey of sustainability reporting at tech companies

The Survey of Sustainability Reporting at Technology Companies reveals that much progress has been made in sustainability reporting and assurance. The survey offers insights for technology company leaders, boards, and sustainability professionals. Its aim is to support those who have a responsibility for assessing and preparing their own organization’s sustainability reporting. The survey also serves

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Delivering the GRI Standards in your language

Two significant changes to the world’s most widely used sustainability reporting standards mean that GRI is looking for peer reviewers to assist with the translation process into seven languages. Later this year, a major update to the Universal Standards will publish – the foundation for all reporting through GRI – as well as a first Sector Standard for

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The Future of Reporting

In the last few years, sustainability reporting has accelerated into mainstream business practice. Once a voluntary exercise, done by a few leading companies as a show of accountability and transparency to stakeholders, reporting on sustainability today is driven by growing regulation and demands from investors who are increasingly interested in the connectivity between ESG factors

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Another step towards more accurate sustainability reporting: new model to estimate carbon capture by trees

Researchers have come up with a new model to estimate carbon capture by trees enabling more accurate sustainability reporting. Sustainability reporting is becoming increasingly important. Most of the world’s largest 250 companies now periodically produce sustainability reports on which auditors provide assurance. As much as 45 per cent of the world’s carbon is stored by