Items tagged with "ESG"

EU: Expand XBRL Reporting to Include Climate Change Disclosure

On Tuesday, European Commission Executive Vice-President Valdis Dombrovskis gave a speech at a key IFRS conference setting out a broad vision for the future of corporate reporting, incorporating a number of important strands for the XBRL community.

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ESMA Commits to Stronger ESG Regulation

Earlier this month the European Securities and Markets Authority (ESMA) published its Strategy on Sustainable Finance. The strategy sets out how ESMA will place sustainability at the core of its activities by embedding Environmental, Social, and Governance (ESG) considerations into its work.

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FRC Release Climate Reporting Podcast

The UK’s Financial Reporting Council (FRC) has published a podcast discussing their recent report, which offered some practical guidance for best practice on climate-related disclosure. The FRC found that while investors support increased disclosure on climate-related risk, companies are frequently falling behind expectations. The report drew on the TCFD framework to structure practical guidance on […]

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Sustainable Data Alliance launches at WEF

Last week an alliance of leading stakeholders launched the ‘Future of Sustainable Data Alliance’ at the World Economic Forum. Bringing together the World Economic Forum, United Nations, the Climate Bonds Initiative, Tsinghua University, the Bank of Africa, Refitniv, and many others. This global alliance aims to accelerate the allocation of capital into sustainable investments via better […]

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Financial Stability and “Green Swan” Events.

What will be behind the next global financial crisis? According to the Bank for International Settlements (BIS), it could be climate change, which has the potential to unleash ‘extremely financially disruptive events.’ In their words — “integrating climate-related risk analysis into financial stability monitoring is particularly challenging because of the radical uncertainty associated with a […]

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FRC Report highlights Investor Demand for Workforce Disclosure

Investors are increasingly demanding more extensive and clearer reporting on environmental, social and governance (ESG) factors, and while the E of ESG commands the majority of attention, governance should not be overlooked. The UK’s recent Financial Reporting Council report on workforce related corporate reporting identifies areas where companies need to improve in order to reflect […]

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BlackRock to Focus on Sustainable Investments

This week investment powerhouse BlackRock – who manage $7 trillion of assets – set out a compelling case that climate change is a defining factor in companies’ long-term prospects – and their plan to tackle this by becoming a leader in sustainable investing. The world’s largest fund manager plans to divest from companies who get more […]

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A New Standard for Non-Financial Reporting

A recent report from Accountancy Europe sets out an articulate and ambitious plan to cut through the noise of non-financial reporting initiatives with a global, interconnected reporting standard.

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France Calls for Compulsory Sustainability Reporting

France has joined the UK in the push to make environmental reporting standards compulsory in order to tackle greenwashing and enable sustainable investment. France’s finance minister, Bruno Le Maire, told the Financial Times recently that France is encouraging the EU to introduce compulsory environmental reporting standards for European companies and to apply a common definition of […]

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Must Read: ESMA’s Maijoor on IFRS

ESMA Chair Steven Maijoor’s speech underlined the importance of IFRS going forward and described the expected impact of structured (ESEF) data in Inline XBRL for users and regulators alike. He also urged policy makers to focus on standardisation of ESG disclosures.

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