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ASIC emphasises transparency as the antidote to greenwashing

July 14, 2023

In a recent article Australian Securities and Investments Commission (ASIC) deputy chair Karen Chester outlines the importance of effective disclosure to increase investor confidence in sustainability data. While ASIC have taken a proactive approach with existing regulatory tools, Karen Chester writes that “ultimately, only meaningful, responsible and transparent disclosure will effectively combat greenwashing practices.”

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Commissioner McGuinness advises EFRAG on next steps in sustainability reporting

July 14, 2023

In a public meeting of the European Financial Reporting Advisory Group’s Sustainability Reporting Board (EFRAG SRB) held in early July, Commissioner Mairead McGuinness outlined areas of attention for the EFRAG Sustainability Reporting Pillar.

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FactSet Expands content collection with acquisition of idaciti, Inc.

July 14, 2023

FactSet, a global financial digital platform and enterprise solutions provider, has announced its acquisition of idaciti, Inc., a leader in data structuring and collection technology. The transaction was completed on 11 July 2023.

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ESMA launches common supervisory action on sustainability disclosures and risk integration

July 14, 2023

The European Securities and Markets Authority (ESMA) is initiating a Common Supervisory Action (CSA) with National Competent Authorities (NCAs) to assess the compliance of supervised asset managers with sustainability-related disclosure provisions.

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SEC report highlights benefits of machine-readable data for corporate disclosures

July 9, 2023

The Securities and Exchange Commission (SEC) has published its Semi-Annual Report to Congress on the use of machine-readable data for corporate disclosures, as mandated by the Financial Data Transparency Act (FDTA).

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EBA publishes final amending ITS on supervisory disclosures under CRD

July 9, 2023

The European Banking Authority (EBA) has released its final draft of amending Implementing Technical Standards (ITS) on supervisory disclosures. These standards define the format, structure, contents list, and annual publication date for the disclosure of supervisory information by competent authorities.

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SRB Publishes annual report

July 9, 2023

The Single Resolution Board (SRB) has released its Annual Report for 2022, providing insights into its work in enhancing the stability of Europe’s banking sector and ensuring the resolvability of SRB banks.

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Australia delays digital climate reporting, embraces alignment with ISSB standards

July 9, 2023

The Australian government has initiated a second consultation seeking input on the implementation of standardised climate-related financial disclosures in the country. The goal is to closely align these requirements with the recently published standards from the International Sustainability Standards Board (ISSB), promoting global comparability.

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FRC highlights importance of comprehensive dividend disclosure

July 9, 2023

Dividends play a crucial role in the investment landscape, and the Financial Reporting Council (FRC) has emphasised the significance of comprehensive disclosure in this area. In a recent report, the FRC underscores the need for companies to go beyond mere disclosure of dividend amounts and provide deeper insights into their dividend policies and practices.

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ISSB finalises global sustainability disclosure standards in major milestone

July 1, 2023

As you may well have heard, the International Sustainability Standards Board (ISSB) has published the final version of its first-ever standards, IFRS S1 and IFRS S2, marking a significant milestone in sustainability-related disclosures across global capital markets.

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