The UK’s Financial Reporting Council (FRC), which published its first Statement of Intent on Environmental, Social and Governance (ESG) in 2021, has updated its earlier statement setting out the areas that remain challenging in ESG reporting.
While the general direction of most major jurisdictions is towards improving, increasing, and mandating sustainability reporting, not everyone agrees that more needs to be done to support environmental, social and governance (ESG) disclosure.
In June last year the Value Reporting Foundation (VRF) – home to the SASB Standards and the Integrated Reporting Framework – were folded into the International Sustainability Standards Board (ISSB), under the auspices of the IFRS Foundation. So, what’s been happening to the SASB standards since then?
The European Central Bank (ECB) has published a set of initial, experimental climate-related statistical indicators to help analyse climate-related risk.
Major governments worldwide have implemented – or are working to implement – new initiatives mandating sustainability and climate-change related reporting. The aim is to better understand the financial risk faced by climate change, and, in some jurisdictions, to also understand the wider impact entities have on environmental social interests.
The UK’s Financial Reporting Council’s (FRC) has an upcoming webinar, that will analyse what has been achieved so far, and what comes next for environmental, social and governance (ESG) reporting in the UK.
During a panel at Data Amplified Virtual 2022 Richard Bossen (AMANA) and Owen Jones (IFRS Foundation) and Stuart Rowan (XBRL International) tackled the current challenges – and suggested potential solutions – facing sustainability standard setters now.
The Australian Government Treasury published a consultation paper in December looking for input on the key considerations for the design and implementation of standardised, internationally aligned disclosure requirements for climate-related risk and opportunities.
Interested in taking an active role in driving digital sustainability reporting forward in Europe? The European Financial Reporting Advisory Group (EFRAG) is seeking candidates with professional experience with XBRL to join its European Sustainability Reporting Standards (ESRS) Digital Reporting Consultative Forum (ESRS DRCF).
Environmental social, and governance (ESG) reporting was a key topic at last month’s AICPA & CIMA Conference on Current SEC and PCAOB Developments. The US Securities and Exchange Commission (SEC) is currently developing its proposed rule on The Enhancement and Standardization of Climate-Related Disclosures for Investors.
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