EFRAG Taxonomy Approved!
At its meeting this week, EFRAG’s Sustainability Reporting Board (ESRB) approved the draft European Sustainability Reporting Standards (ESRS) XBRL Taxonomy.
Items tagged with "ESG"
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Global preparations ensue for EU’s CSRD
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.
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CDP calls for data-backed transparency in wake of COP28
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.
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EFRAG seeks input on ESRS implementation guidance
The European Financial Reporting Advisory Group (EFRAG) has released its first three draft ESRS (European Sustainability Reporting Standards) Implementation Guidance documents for public feedback.
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ISSB unveils new resources to empower digital sustainability disclosures
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.
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IOSCO reports on supervisory action against greenwashing
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.
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ESAs respond to stakeholder feedback with Inline XBRL for SFDR
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.
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EFRAG and GRI launch Interoperability Index
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.
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FASAB’s three-year plan: spotlight on climate-related financial reporting
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.
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ISSB at COP28: huge support, knowledge hub launch, and new commitments
This week has seen a huge amount of activity in the sustainability sphere at COP28, including from the International Sustainability Standards Board (ISSB). In a Declaration of Support, nearly 400 organisations from 64 jurisdictions affirmed their commitment to advancing the adoption or use of the ISSB’s Climate Standard as the climate global baseline.
