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The rise of ESG and the importance of compliance

Environmental, social and governance issues have shot up the corporate, social and political agenda over the past 18 months; ‘ESG’ is the acronym du jour, and the need to align business models with these concerns has never been greater. The pressure from stakeholders, be they lawmakers or shareholders, regulators or activists, or indeed society at

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IFAC Convenes Leadership of Global Accountancy Profession to Progress Sustainability Agenda

The International Federation of Accountants (IFAC) last week convened over 150 chief executives and senior leaders of professional accountancy organizations around the world, together with its Board of Directors, to discuss critical issues relevant to the future of the accountancy profession. A key focus of the meetings was hearing from key stakeholders on the future

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TISA publishes first ‘Good Practice Guide’ on ESG reporting

The Investing and Saving Alliance (TISA) has published a Responsible and Sustainable Investing Good Practice Guide to help financial services firms report in a «clear and consistent manner» under the Sustainable Finance Disclosure Regulations (SFDR). The guide is the first of its kind launched by the cross-industry financial services membership body, which said it is

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Sustainable Finance Disclosure Regulation (SFDR): What to Expect

As recently confirmed, the EU Sustainable Finance Disclosure Regulation (SFDR), becomes effective on 10 March 2021. The SFDR imposes sustainability-related disclosure requirements on financial services institutions such as banks, insurance companies, pension funds, and investment firms.[1] However, its implications go beyond the financial sector. This summary discusses how the SFDR will impact the real economy. Key takeaways

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EU dragging its feet on sustainability reporting, warn auditors

A report published by the European Court of Auditors (ECA) highlighted an alarming lack of action by the European Commission on sustainable development. The review found that the European Commission does not report on or monitor how the EU budget and policies contribute to sustainable development and achieving the SDGs — despite the EU’s commitment to the

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GRI calls for business and governments to partner on SDGs

The chairman of the Global Reporting Initiative (GRI) had called for greater collaboration and cooperation between businesses and national governments in order to achieve the aims of the UN Sustainable Development Goals (SDGs). The GRI, one of the most recognisable standards for sustainability reporting, partnered with the Bombay Stock Exchange earlier this week to host

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How to report on the SDGs

by Karen McWilliams Main points: The Senate Inquiry into Sustainable Development Goals (SDGs) has published 18 recommendations for Australia The Corporate Reporting Dialogue have released a position papersupporting the development of better reporting guidelines for the SDGs Corporate reporting is key to providing the transparency needed to assess progress against the SDGs in a meaningful way The United

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Increasing sustainability reporting in Sri Lanka and Bangladesh

More than 500 businesses in Sri Lanka and Bangladesh are being supported to report on their sustainability impacts following the launch of new guidance.​ GRI has provided technical input to guides produced by the Dhaka Stock Exchange (DSE) and the Colombo Stock Exchange (CSE), which they will share with all their listed companies, providing recommendations

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New guidance for companies to report their impact on the Sustainable Development Goals

A “Practical Guide” to enable companies to better measure and report on their impact on the Sustainable Development Goals (SDGs) was released today by the Global Reporting Initiative (GRI) and the United Nations Global Compact.​ The new publication, Integrating the SDGs into Corporate Reporting: A Practical Guide, helps companies of all sizes to prioritize SDG

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WFE guidance reinforces transparency in capital markets

The World Federation of Exchanges has today published revised sustainability guidance for their member exchanges. GRI welcomes this update and encourages exchanges globally to consider the recommendations for their listing requirements. Stock exchanges have a key role in driving sustainability reporting, which is a crucial element for corporate transparency and responsible business practices. The 30