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105 investors press for environmental disclosure from 1000+ high-impact firms

105 investors from 23 countries, including Legal & General, Nordea Asset Management and the New York State Common Retirement Fund, are pressing for companies with a high impact on the environment to disclose data through CDP, the non-profit global environmental disclosure platform. The companies being engaged cover over US$8 trillion in global market capitalization, and are

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Advocating for transparency in corporate financial reporting responses to coronavirus

No transparency, no trust; no trust, no credit; no credit, no investment; no investment, no growth! So there is a simple logic: financial reporting is an essential building block for financial intermediation, foreign investment, and sustainable economic development.  — Martin Gruell, Raiffeisen Bank International (2008) In times of crisis such as what we are going through with the

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The Time Has Come For Tax Reporting Transparency—Thank You Global Reporting Initiative!

How much taxes companies pay and the transparency of tax reporting have been contentious issues for decades. Governments around the world have failed to create standards for transparent tax reporting, particularly on a country-by-country basis. Many large and highly profitable multinational companies have taken advantage of this for years to pay little to no taxes. As is

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Five financial reporting issues to consider as a consequence of COVID-19

The novel coronavirus (COVID-19) pandemic presents huge challenges for preparers of financial statements. Here are 5 financial reporting issues to consider. The business and economic threats from the coronavirus outbreak continue. Travel bans have been imposed on millions of people and many countries have placed quarantine measures on their entire populations. Businesses are dealing with

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4 things you should know about sustainability reporting practices

A new report by The Conference Board reveals the latest trends in sustainability reporting. The analysis examined how nearly 6,000 companies in 26 countries are reporting on more than 90 environmental and social practices, ranging from greenhouse gas (GHG) emissions to boardroom diversity to water consumption. As companies prepare for the sustainability reporting season, here are four

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Recently, the Project Task Force of Climate-related Reporting of the European Lab launched its report: ‘How to improve climate-related reporting –

Recently, the Project Task Force of Climate-related Reporting of the European Lab launched its report: ‘How to improve climate-related reporting –  A summary of good practices from Europe and beyond​’. To mark the occasion a networking event was organised at EFRAG’s premises, with Pascal Canfin, Chair of the EP ENVI Committee, Michèle Lacroix, Chair of Project Task

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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.

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Truvalue Labs’ Research on Dynamic Materiality™ Sheds New Light on Financial Implications of ESG

Truvalue LabsTM, the leading provider of AI-driven environmental, social and governance (ESG) data, introduced the patent-pending concept of Dynamic Materiality, indicating that every company, industry and sector has a unique materiality signature that evolves over time based on factors like emerging technologies and new regulations. Truvalue Labs’ research, based on its real-time analysis of sustainability

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Trends in Disclosing Non-Financial Information

Is financial information the most relevant information to stakeholders? Certainty not always. Companies and other organizations disclose information to a wide range of stakeholders and, for many of them, non-financial information is of more interest than financial information. Transparency is a global trend in society. Customers and the public are generally concerned about the behavior