Finance leaders are facing new demands for environmental, social and governance (ESG) disclosure, but why should finance departments be responsible for ESG data at all? Wes Bricker has insights in his piece in FEI Daily, ‘Finance Leaders Own ESG Reporting. Here’s Why That’s A Good Thing.’
The European Banking Authority (EBA) has published phase 2 of its reporting framework v3.0.
Continuing its recent focus on climate, the US Securities and Exchange Commission (SEC) is seeking comments from the public on its climate change disclosure rules and related guidance, and whether and how they should be modified.
The Tipping Point Fund on Impact Investing has awarded a combined US$500,000 in Grants to the International Integrated Reported Council (IIRC) and the Sustainability Accounting Standards Board (SASB). It is intended to support efforts to develop a global framework for impact reporting and sustainability disclosure.
The Global Legal Entity Identifier Foundation (GLEIF) has launched a new stakeholder group to drive the use of Legal Entity Identifiers (LEIs) within digital certificates.
The European Banking Authority has published a revised list of validation rules included in its Implementing Technical Standards (ITS) on supervisory reporting.
The Tokyo Stock Exchange (TSE) has launched a new web portal, JPX English Disclosure GATE, to promote better English disclosure from listed companies and increase investment opportunities for overseas investors.
The European Financial Reporting Advisory Group (EFRAG) has published two milestone reports. They set out recommendations to the European Commission (EC) on the development of EU sustainability reporting standards and on changes to EFRAG’s governance and funding if it were to expand its remit to non-financial standards.
The UK’s Financial Conduct Authority (FCA) has announced the dates when panel bank submissions for all LIBOR settings will cease, after which representative LIBOR rates will no longer be available. This is an important step towards the end of LIBOR and the transition away from discredited interest rate benchmarks of this type, and provides valuable certainty.
EY has published the results of its ‘2020 EY Global Financial Accounting and Advisory Services (FAAS) corporate reporting survey,’ with a number of interesting insights into how the reporting landscape is changing. It is based on responses from more than 1,000 CFOs, financial controllers and other senior finance leaders.
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