The financial services sector in the Asia Pacific (APAC) region plays a pivotal role in advancing sustainability goals. According to the Sustainability Counts III report, progress in this industry depends...
Europe’s Banks Are “In Debt to the Planet” Europe’s 25 largest banks are not doing enough to address the dual crises of climate change and biodiversity loss, according to a...
UK FRC Pushes for ISSB Reporting Standards The UK Financial Reporting Council (FRC), acting as secretariat to the UK Sustainability Disclosure Technical Advisory Committee (TAC), has urged the UK Government...
PwC has partnered with Oracle to launch new services that simplify data consolidation and reporting for multinational organizations facing complex compliance standards, including OECD Pillar Two, the Corporate Sustainability Reporting...
Canada has entered a new era of sustainability reporting with the release of CSDS 1 and CSDS 2, now included in the CPA Canada Handbook – Sustainability. These standards, crafted...
IOSCO has announced the launch of a dedicated network to support Growth and Emerging Markets Committee (GEMC) members in adopting or integrating ISSB Sustainability Disclosure Standards. The network initially includes...
EFRAG has delivered its technical advice on the Voluntary Sustainability Reporting Standard (VSME) for non-listed small and medium-sized enterprises (SMEs), a move set to streamline sustainability reporting and support SMEs...
The News: KPMG’s 2024 Survey of Sustainability Reporting highlights strong sustainability reporting progress among Belgian companies, driven by upcoming EU regulations and a growing focus on governance and transparency. Key...
The European Securities and Markets Authority (ESMA) has launched a consultation to gather input on digitalizing sustainability and financial disclosures through the European Single Electronic Format (ESEF). The goal? To...
Robin Hodess to Lead GRI as CEO The Global Reporting Initiative (GRI) has appointed Robin Hodess as its new CEO, effective February 2025. Hodess, currently Chief of Strategy and Impact...
The Story: The Hong Kong government unveiled a roadmap to implement the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) across publicly accountable entities (PAEs) by 2028. This...
The Story: California has delayed full enforcement of its climate reporting requirements, originally set to begin in 2026. The California Air Resources Board (CARB) announced it would use “enforcement discretion,”...
A new EY Institutional Investor Survey highlights growing skepticism and inaction within the investment community regarding ESG (Environmental, Social, and Governance) priorities. Investors wary of ESG reporting The survey of...
The Swiss Federal Council has launched a consultation on proposed updates to its sustainability-related disclosure rules, aimed at aligning with international developments and Switzerland’s climate targets. The consultation, initiated during...
Why it matters: Corporate sustainability efforts are falling short due to internal and external barriers, according to ERM’s Sustainability Transformation Survey. Overcoming these obstacles is vital for achieving ambitious ESG...
Why it matters: The EU’s Corporate Sustainability Reporting Directive (CSRD) is reshaping sustainability reporting, requiring detailed ESG disclosures aligned with European Sustainability Reporting Standards. Many businesses are struggling to meet...
Companies racing to meet the EU’s Corporate Sustainability Reporting Directive (CSRD) requirements are now facing an added layer of complexity as the rule is set to be re-opened and potentially...
The UN-convened Net-Zero Asset Owner Alliance (NZAOA) is calling for mandatory regulatory mandates to address persistent challenges in Scope 3 emissions disclosure, which account for up to 75% of most...
A PwC Luxembourg report reveals that 55% of FY2024 companies foresee challenges in maintaining data quality and consistency as they prepare for Corporate Sustainability Reporting Directive (CSRD) compliance. The directive...
EU Taxonomy FAQ: A Step Towards Usability The European Commission released a comprehensive FAQ document to aid in implementing the EU Taxonomy, its sustainability classification system. Aimed at reducing administrative...