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EFRAG meets with international sustainability reporting standard setters and other related initiatives

EFRAG and the European Commission met for a second time with leading international sustainability reporting standard setters and other related initiatives to present recommendations for the development of EU sustainability reporting standards and explore possible cooperation in a co-constructive spirit, promoting convergence and maintaining momentum. ​Following an initial meeting on 10 December 2020, EFRAG hosted a second meeting on

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IFRS Foundation Trustees announce working group to accelerate convergence in global sustainability reporting standards focused on enterprise value

The Trustees of the IFRS Foundation today announced the formation of a working group to accelerate convergence in global sustainability reporting standards focused on enterprise value and to undertake technical preparation for a potential international sustainability reporting standards board under the governance of the IFRS Foundation. The working group will provide a forum for structured

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How policymakers can drive sustainability reporting

With rising policy measures across global markets in support of responsible business conduct, GRI has launched a new publication to set out how policymakers can use the power of transparency to affect positive change. The GRI Standards: A Guide for Policymakers is an introduction for anyone in a public policy role to understand why and how

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IFRS Foundation Trustees announce strategic direction and further steps based on feedback to sustainability reporting consultation

The Trustees of the IFRS Foundation met 2-4 March 2021 to continue their analysis and discussions of the feedback received to their Consultation Paper on Sustainability Reporting (2020 Consultation). Feedback to the 2020 Consultation confirmed an urgent need for global sustainability reporting standards and support for the Foundation to play a role in their development. The Trustees are

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EFRAG publishes two reports on development of EU sustainability reporting standards

EFRAG published yesterday two reports submitted to the European Commission setting out recommendations on the development of EU sustainability reporting standards. The reports were prepared in line with European Commission mandates received by EFRAG and EFRAG Board President Jean-Paul Gauzès on 25 June 2020. The first mandate was a request for technical advice mandating EFRAG

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Study: Global Corporate Leaders Leave Investors Blind on ESG

The state of transparency in corporate sustainability reporting leaves big blind spots for investors. This is revealed by the Global ESG Monitor (GEM) – a study of ESG reports from the largest listed companies in Europe, the United States and Australia. “Corporate ESG reporting shows remarkable differences in quality within and between the regions surveyed.

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Why Companies Should Assess Double Materiality

After years of debate over the definition of materiality, 2020 has brought a consensus that materiality is double—meaning that businesses should report on financially material topics that influence enterprise value as well as topics material to the economy, environment, and people. The new definitions of the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and the two

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The three European Supervisory Authorities publish Final Report and draft RTS on disclosures under SFDR

On 4 February 2021, the Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) delivered to the European Commission (EC) the Final Report, including the draft Regulatory Technical Standards (RTS), on the content, methodologies and presentation of disclosures under the EU Regulation on sustainability-related disclosures in the financial services sector (SFDR).

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Help for companies on circular economy progress

Enhanced corporate reporting using the GRI Standards and Circulytics Organizations can now link the world’s leading sustainability reporting standards with an innovative tool for measuring their progress towards the circular economy. GRI 306: Waste 2020 is the first globally applicable reporting standard for companies to provide a complete picture of waste impacts along their value chain. Circulytics from

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Moody’s: Improving ESG Transparency will Increasingly Affect Access to Capital

Moody’s Investor Services announced the release of its 2021 ESG Outlook report on Wednesday. In the new report, Moody’s outlines its expectations for ESG issues to continue increasing in importance in 2021 in the actions of policymakers, regulators, investors and corporate decisionmakers. As ESG trends continue to gain in prominence, their impact on credit quality