Five global organisations in sustainability and integrated reporting have together published a paper addressing standards for reporting on enterprise value, illustrated with a prototype climate-related financial disclosure.
On 12 January, Switzerland officially became a supporter of the Task Force on Climate-related Financial Disclosures (TCFD), demonstrating the government’s support for greater disclosure of and transparency around climate-related financial risks.
It may only be mid-January, but the signs are stacking up that 2021 will without a doubt be a year of change in the Environmental, Social and Governance (ESG) arena. In early January, asset management giant BlackRock announced its expanded stewardship expectations and proxy voting guidelines for 2021. The updates send a strong signal to […]
Investors need high-quality, comparable environmental data that captures intangibles and is aligned with financial reporting. That’s the conclusion of Christian Dreyer, a leading analyst and independent investor and until recently the CEO of CFA Society Switzerland.
2020 saw significant momentum build for non-financial (sustainability) standards. The year kicked off with a paper from Accountancy Europe proposing that a new sustainability standards board be launched under the auspices of the IFRS Foundation, and ended with the IFRS consulting on just that.
Following the recent announcement that the Sustainability Accounting Standards Board (SASB) is converting its 77 standards into an XBRL taxonomy, XBRL US and SASB held a webinar this week to dive into the practicalities of digital sustainability reporting.
The past year has seen growing consensus on the need for non-financial reporting standards in order to mitigate climate-related financial risks and help investors divert capital towards more sustainable ends. However, sustainability reporting is a complicated task, and a number of difficult questions need to be answered before effective standards can be established.
In other sustainability standards news, the US Securities and Exchange Commission’s (SEC’s) Asset Management Advisory Committee recently published its recommendations on Environmental, Social and Governance (ESG) disclosure.
Want to know more about how machine-readable sustainability data will be prepared, reported and analysed in practice? As demand for Environmental, Social and Governance (ESG) data continues to grow amongst investors globally the Sustainability Accounting Standards Board (SASB) has begun work on an XBRL taxonomy designed to represent its set of 77 industry standards. Sign […]
Can central banks combat climate change? During a recent speech at the European Banking Congress, Jens Weidman, the President of the Deutsche Bundesbank and Chairman of the Board of the Bank for International Settlements, outlined the role central banks can – and cannot – play in moving towards a greener future.
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