In response to the increasing demand for sustainability-related disclosure and reporting, the International Federation of Accountants (IFAC) has published a literature review to assess and enhance the education available to accountancy professionals.
At its meeting this week, EFRAG’s Sustainability Reporting Board (ESRB) approved the draft European Sustainability Reporting Standards (ESRS) XBRL Taxonomy.
The last few years have seen a paradigm shift in Environmental, Social, and Governance (ESG), with several new pivotal reporting frameworks. The Corporate Sustainability Reporting Directive (CSRD) is perhaps the most pressing new regulation in this space, requiring immediate attention from global corporations.
In response to COP28 outcomes, CDP CEO Sherry Madera celebrates the global agreement to shift from fossil fuels but urges a more robust stocktake with a clear, sustainability data-based roadmap. Acknowledging progress, Madera emphasises the pivotal role of robust data and transparency.
The European Financial Reporting Advisory Group (EFRAG) has released its first three draft ESRS (European Sustainability Reporting Standards) Implementation Guidance documents for public feedback.
As the International Sustainability Standards Board (ISSB) gears up for the imminent implementation of ISSB Standards—IFRS S1 and IFRS S2— in January 2024, it has introduced a host of updated resources to assist companies in seamlessly applying the standards.
Action on greenwashing has been accelerating around the world to safeguard investors and market integrity in the sustainable finance realm. The International Organisation of Securities Commissions (IOSCO) recently published a paper shining a light on various initiatives in the burgeoning sustainability space.
The three European Supervisory Authorities (ESAs) – EBA, EIOPA, and ESMA – have issued key amendments to the draft Regulatory Technical Standards (RTS) that complement the EU’s Sustainable Finance Disclosure Regulation (SFDR). These adjustments are aimed at fortifying the existing SFDR framework and responding to the evolving landscape of sustainable finance.
EFRAG and GRI have solidified their ongoing collaboration with a new Memorandum of Understanding (MoU), helping bring clarity to the alignment between the European Sustainability Reporting Standards (ESRS) and the GRI Standards. The MoU emphasizes technical support for reporting companies, aiming to deliver transparent and comparable sustainability information.
The US Federal Accounting Standards Advisory Board (FASAB) has unveiled its three-year plan, providing a comprehensive roadmap for upcoming initiatives. Detailed in the annual report, FASAB outlines significant accomplishments, exposure drafts, and future directions.