In an interim report just issued for consultation, the Financial Stability Board (FSB) aims to assist supervisory and regulatory authorities in developing their approaches to monitoring, managing and mitigating stability risks arising from climate change, and to promote consistency across sectors and jurisdictions.
The UK has launched a new Transition Plan Taskforce (TPT) to support the transition to a low-carbon economy.
Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC) addressed the draft sustainability reporting standards issued by the International Sustainability Standards Board (ISSB) in recent remarks.
The European Financial Reporting Advisory Group (EFRAG) Sustainability Reporting Board has appointed the members of the EFRAG Sustainability Reporting Technical Expert Group.
It is often commented that the ‘S’ and ‘G’ of ESG – environment, social and governance – lag behind the ‘E’ in the priorities of regulators and standards setters, but that seems to be beginning to change.
Accountancy Europe has written to Commissioner Mairead McGuinness of the European Commission on the ongoing development of sustainability reporting standards.
The US National Association of Insurance Commissioners (NAIC) has announced a new framework requiring insurance companies to report their climate-related risks, in alignment with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).
For anyone interested in the US Securities and Exchange Commission (SEC) proposal to introduce mandatory digital climate disclosures, there is substantial food for thought in recent remarks by Chair Gary Gensler.
The European Commission has issued a consultation on the functioning of the market for environmental, social and governance (ESG) ratings in Europe, and how credit rating agencies incorporate ESG risks in their creditworthiness assessment.
XBRL US has this week announced the publication of corporate sustainability data in Inline XBRL format by two companies: Moody’s Corporation and Etsy, Inc.