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.
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.
The European Securities and Markets Authority (ESMA) has issued new guidelines to ensure that sustainability information from listed companies is supervised with the same seriousness as financial reporting. From 1 January 2025, national regulators across the EU are expected to apply a harmonised enforcement approach under the Transparency Directive.
Jurisdictions working out how to adopt the ISSB Standards have a new helping hand. On 10 April, the IFRS Foundation launched the Jurisdictional Roadmap Development Tool—think of it as a planning kit for regulators who want to do sustainability reporting.
The Sustainability Standards Board of Japan (SSBJ) dropped two important documents on 31 March 2025: the “Schedule of Differences” and the “Table of Concordance.” Together, they provide a detailed comparison between Japan’s new sustainability standards and those issued by the International Sustainability Standards Board (ISSB).
On 1 April, the Parliament of the European Union (EU) voted to fast-track the ‘stop the clock’ proposal, a key move to postpone the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD) for certain companies.
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