At a Legal Affairs Committee hearing of the European Parliament on Tuesday 13 May 2025, we understand that the European Commission announced that a ‘quick fix’ delegated act is on the way for large companies that have filed their sustainability disclosures in 2025.
New US Securities and Exchange Commission (SEC) Chair Paul S. Atkins delivered his first remarks this month, signalling a reset at the SEC. Priorities? A coherent framework for digital assets, a review of enforcement practices, and a fresh look at the agency’s technology infrastructure.
The European Banking Authority (EBA) has published updated final draft technical standards aimed at making resolution planning reporting simpler, clearer, and more consistent across the EU. Released last week, the revised Implementing Technical Standards (ITS) seek to harmonise existing arrangements, with the goal of cutting redundancy and easing the compliance burden on institutions.
Chinese authorities have released a draft climate disclosure standard and are calling for (fast!) public feedback. The new framework, open for comment until 31 May, is aimed at enhancing transparency around climate-related risks and opportunities.
Sustainability reporting is holding steady—but assurance is on the rise. According to a new study from the International Federation of Accountants (IFAC) and AICPA & CIMA, 73% of the world’s largest companies now obtain some form of assurance on their sustainability disclosures. That’s up from 69% the year before—and just 51% five years ago.
EFRAG has just dropped a new video series designed to help small businesses get to grips with ESG reporting. The 10-part educational set dives deep into the Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME)—with separate modules covering the basics and more comprehensive guidance.
On 30 April, the European Securities and Markets Authority (ESMA) published its fifth Report on the Quality and Use of Data, shedding light on how regulatory data is being used across the EU—and where early wins are emerging in efforts to reduce the reporting burden.
EFRAG has released a full set of materials from its 7 April event, “VSME in Action: Empowering SMEs for a Sustainable Future,” including session recordings, presentation slides, and AI-translated content in 15 languages.
The Australian Accounting Standards Board (AASB) has launched the AASB S2 Knowledge Hub to support the implementation of mandatory climate-related disclosures under AASB S2. The hub, introduced in May 2025, is designed to guide entities preparing sustainability-related financial disclosures under Australia’s new reporting framework.
New Zealand’s External Reporting Board (XRB) is seeking input on the future shape of its climate reporting standards. The request for information, launched in April and open until 13 June, focuses on whether the Aotearoa New Zealand Climate Standards (NZ CS) should move closer to frameworks used in other jurisdictions.
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