In late December, the Chinese Ministry of Finance (MoF) quietly took a big step in the global climate reporting race, issuing Corporate Sustainability Disclosure Standard No. 1, Climate (Trial), a framework it says is generally aligned with IFRS S2 Climate-related Disclosures.
Philippine companies have been told, politely but firmly, that sustainability reporting is no longer a nice to have. In December, the Philippine Securities and Exchange Commission adopted Philippine Financial Reporting Standards (PFRS) S1 and PFRS S2 and approved Sustainability Reporting Guidelines, plus a phased roadmap for publicly listed companies and large non listed entities.
As climate disclosure starts to move from board slides to real reporting, the International Sustainability Standards Board has gone back to IFRS S2 with a scalpel. Yesterday it issued targeted amendments to the greenhouse gas emissions requirements, aiming to ease some early application headaches without unpicking the overall architecture.
Financed and insurance linked emissions have long had a habit of slipping through the cracks, particularly in the more complex corners of the financial world. The Partnership for Carbon Accounting Financials (PCAF) is now tightening its guidance, substantial expansion of its Global Greenhouse Gas Accounting and Reporting Standard for the Financial Industry.
A recent SCC Online article by Arin Chatterjee takes stock of how environmental, social and governance expectations have been built into Indian corporate governance. Rather than relying on a single ESG statute, India is developing a hybrid regime that combines company law, securities regulation, market practice and an increasingly active judiciary.
On 7 November, the European Commission launched a fresh call for evidence on amendments to the Climate and Environmental Delegated Acts under the EU Taxonomy Regulation. The consultation, which closes today, seeks stakeholder views on how to improve the technical screening criteria that determine which economic activities qualify as environmentally sustainable.
On Wednesday this week the US climate-disclosure landscape shifted yet again, as the Ninth Circuit Court of Appeals issued an injunction halting SB 261 – California’s new climate-risk reporting law – just weeks before the first filings were due on 1 January 2026.
This week Japan’s Financial Services Agency (FSA) published the results of its recent consultation on the 2027 EDINET Taxonomy Development Proposal, confirming continued progress towards embedding the IFRS Sustainability Disclosure Taxonomy into Japan’s digital reporting infrastructure.
The International Sustainability Standards Board (ISSB) and the Taskforce on Nature-related Financial Disclosures (TNFD) recently announced that they’re converging their work to support coherence in global ESG reporting. The ISSB will begin a process focused on nature-related disclosures, drawing directly on the TNFD’s framework. In response, the TNFD will complete its ongoing technical work by […]
What happens when artificial intelligence meets digital sustainability reporting? The latest collaboration between OpenEarth Foundation and XBRL International offers a glimpse into that intersection. Together, we explored how AI can interpret XBRL-tagged sustainability data, enhancing the way information is analysed, compared and turned into insight.
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