The Securities and Exchange Commission (SEC) have decided to hit pause on the implementation of the Final Rules regarding climate-related disclosures for investors. Originally set to kick in from 2026, the effective date has been postponed while the (varied!) legal challenges are dealt with.
In response to evolving challenges in the financial landscape, the International Organisation of Securities Commissions (IOSCO) has unveiled its updated work plan for 2024. This revised plan introduces fresh initiatives aimed at addressing emerging trends, including, among others, artificial intelligence (AI) and green finance.
The European Financial Reporting Advisory Group (EFRAG) is gearing up to provide guidance to assist companies in disclosing their transition plans in alignment with the European Single Reporting Standards (ESRS).
Following the International Sustainability Standards Board (ISSB) recent engagement with major economies in Africa to promote sustainability standards, this week sees an update taking a closer look at the importance of data integrity to the mandate in South Africa.
Emmanuel Faber, Chair of the International Sustainability Standards Board (ISSB), alongside ISSB Member Ndidi Nnoli-Edozien, recently held discussions with prominent leaders and stakeholders in Kenya, Nigeria, and South Africa.
The Financial Reporting Council (FRC) has launched a survey of the UK market for sustainability assurance services. This initial study aims to ensure the efficient functioning of the rapidly expanding market and to enhance the quality of assurance provided over companies’ sustainability reporting.
Amid global moves to adopt sustainability reporting standards, EFRAG recently welcomed delegates from the Korea Sustainability Standards Board (KSSB) and the Korean Financial Services Commission (FSC) in Brussels to discuss developments in sustainability reporting.
The Canadian Sustainability Standards Board (CSSB) has unveiled proposed standards aligned with the International Financial Reporting Standards (IFRS) Foundation’s International Sustainability Standards Board (ISSB).
Investors in Europe are facing significant hurdles in managing environmental, social, and governance (ESG) data, according to a recent survey from Bloomberg. The European ESG Data Trends Survey 2024, drawing responses from over 200 financial market participants across major European cities, underscores challenges surrounding ESG data coverage, quality and volume.
This Wednesday the US Securities and Exchange Commission (SEC) voted (3 to 2) in favour of the long-awaited and domestically controversial Climate Related Disclosures for Investors rule. The new rule introduces enhanced, standardised, Inline XBRL reporting for various aspects of climate risk, designed to improve investor access to information.
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