The International Organization of Securities Commissions (IOSCO) has unveiled its latest report, outlining key considerations for establishing a reliable global assurance framework for sustainability-related corporate reporting.
While we wait for the much-anticipated initial two standards from the International Sustainability Standards Board (ISSB), set to be released in Q2 2023, the board is considering additional transitional relief to support companies who will be implementing Standards S1 and S2.
The UK’s Financial Conduct Authority (FCA) has received positive feedback on its proposals to improve sustainability information available to investors. The proposals aim to build trust in sustainable investment products and to help consumers make better-informed decisions when navigating the market.
The EFRAG General Assembly has approved updates to its Due Process Procedures for Sustainability Reporting Standard Setting (DPP) to align them with the final provisions contained in the Corporate Sustainability Reporting Directive (CSRD).
The International Accounting Standards Board (IASB) has started a new project exploring how climate-related risk can be better outlined in financial statements.
This week the European Central Bank (ECB) led by example in publishing its own climate-related financial disclosures, demonstrating that its portfolios are on a path towards decarbonisation.
A recent survey from Workiva and PwC found that two out of five US business leaders believe their company is not prepared for the climate risk disclosure rule set to be published by the US Securities and Exchange Commission (SEC) in May.
This week the European Supervisory Authorities (ESAs), together with the European Central Bank (ECB) published a statement encouraging disclosure standards for climate-related data on securitised assets.
The European Financial Reporting Advisory Group (EFRAG) recently published the basis for conclusions which accompany the first set of draft European Sustainability Reporting Standards (ESRS), submitted to the European Commission in November 2022.
The Bank of England is undertaking research into voluntary climate-related disclosures of UK financial institutions via machine learning. The research aims to understand asymmetries between firms and investors, look at how disclosure practices differ across firms, and to shed light on the decision of whether to make climate-related reporting mandatory.
Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.
By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy
XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
