In 2014, the European Commission identified integrated reporting as ‘one step ahead’ of the Non-Financial Reporting Directive. Hundreds of businesses across Europe should be commended for taking this step in the intervening years, with many of Europe’s largest businesses successfully embedding integrated thinking and reporting into the way they do business. Driven by the desire
The case for sustainable business practice is arguably more important than ever in light of the global pandemic, but discussion on how to proceed continues to exercise minds. We asked five experts for their view. Veronica Poole Partner, Deloitte, Global IFRS Leader, and Head of Accounting and Corporate Reporting We have reached a tipping point.
The European Public Real Estate Association (EPRA) has published new guidance for listed property companies already reporting EPRA Sustainability Best Practice Recommendations (sBPR) to meet the reporting requirements of the Task Force on Climate-related Financial Disclosures (TCFD). The report, Enhancing transparency with the TCFD, provides practical case studies of businesses that have adopted TCFD recommendations. It
More than 1000 organisations have declared their support for the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. However, there is still confusion in the market regarding where companies can get the data from and how to properly report it. To provide this solution, CDP and the Climate Disclosure Standards Board (CDSB) have teamed up
CDSB warns a comply or explain approach is not sufficient in reaction to UK FCA’s Proposals to enhance climate-related disclosure by listed issuers and clarification of existing disclosure obligations
CDSB welcomes the UK Financial Conduct Authority’s (FCA) efforts to speed up the uptake of high-quality climate-related financial reporting by premium listed companies, but warns that a comply or explain approach will not result in a timely and adequate response to the climate risks faced by the market. On Friday, 6th March, the FCA published
The strategy and governance indicators of the PRI’s climate risk indicators are to become mandatory for signatories to report on from 2020. Supporting the adoption of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) is a high priority for the PRI as they provide a global framework for translating information about climate
More than 1,000 Global Organizations Declare Support for the Task Force on Climate-related Financial Disclosures and its Recommendations
The Task Force on Climate-related Financial Disclosures (TCFD) announced yesterday that it has officially reached more than 1,000 supporters globally for its recommendations, signifying a major shift among market participants in acknowledging that climate change presents a financial risk. Together, the private sector organizations that are supporters have a market capitalization of nearly $12 trillion.
CSDB launches consultation to advance the disclosure of nature-related financial information in the mainstream report and explore the role of the CDSB Framework in this process. With momentum building for climate-related financial disclosure, there is a growing imperative for environmental issues to be reported in an integrated way. The Climate Disclosure Standards Board (CDSB) announces
The Japanese version of the TCFD Implementation Guide, which launched at the TCFD Summit this October, provides localised guidance for climate-related financial disclosure. This October marks the inaugural global TCFD Summit. Held in Tokyo and endorsed by the government of Japan, the event saw over 300 attendees, including policymakers, financial institutions and businesses with the aim
The Japan TCFD Consortium has exchanged a Memorandum of Cooperation with the Climate Disclosure Standards Board (CDSB) as a “knowledge partner”. The Memorandum will strengthen cooperation between each organisation to enhance climate- and sustainability-related financial disclosures and provide knowledge and technical assistance to each other. Given Japan’s strong support for the Task Force on Climate-related