Category: ESG Reporting

Key Impact Points: Morningstar Sustainalytics has announced significant updates to its suite of tools designed to assist investors and corporations with the evolving ESG regulatory landscape under the EU Sustainable...

The European Commission is addressing gaps in the transposition of several EU directives across Member States. The lack of national measures hampers harmonized implementation and compliance with EU law. Here’s...

Deloitte’s Latest Series Highlights CFO Leadership in Sustainability A new report series by Deloitte, titled “Asia Pacific Mandatory Sustainability Reporting,” positions Chief Financial Officers (CFOs) as pivotal leaders in navigating...

Investors Push for Global Reporting Standards Global investors are calling for companies to voluntarily apply the International Sustainability Standards Board (ISSB) Standards, even in the absence of regulatory requirements. This...

The Hong Kong Institute of Certified Public Accountants (HKICPA) announced the release of Exposure Drafts for the first-ever Hong Kong Sustainability Disclosure Standards, namely HKFRS S1 and HKFRS S2. These...

Deloitte Boosts Global ESG Reporting with Salesforce Partnership Deloitte has adopted GreenLight powered by Salesforce, integrating Salesforce’s Net Zero Cloud with proprietary Deloitte technology to strengthen its global environmental, social,...

Datamaran, a leader in AI ESG software, announced securing $33 million in Series-C financing from Morgan Stanley Expansion Capital. This investment will accelerate the company’s expansion in the U.S. and...

Meta’s 2024 Responsible Business Practices Report highlights our commitment to minimizing negative societal impacts while maximizing positive contributions. Themed “Unlocking Potential,” it showcases our progress across transparency, sustainability, and empowerment...

ERM, the world’s leading sustainability consultancy, has teamed up with osapiens, an AI-driven ESG platform provider, to help businesses manage and act on ESG data. This partnership aims to simplify...

Thomson Reuters Announces Integration with SAP for ESG Reporting Thomson Reuters (TSX/NYSE: TRI) has partnered with SAP to launch a product integration that simplifies Environmental, Social, and Governance (ESG) reporting...

Euronext Expands Sustainable Finance Tools Euronext has launched a series of ESG initiatives to support sustainable finance and corporate transparency, announced during Euronext Sustainability Week. These new tools are part...

Novata Expands with New Sustainability Tools for Private Companies Novata, a leader in sustainability management for private markets, has launched “Novata for Companies,” a new platform designed to help private...

As global ESG reporting regulations tighten, companies are under pressure to improve their sustainability data management. Yet, according to an Accenture study, only 10% of CFOs feel ready for detailed...

The Big Picture Australia’s mandatory climate reporting starts January 1, 2025, following the passage of the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill. Royal Assent is expected...

Nearly half of the UK’s largest companies have had to restate their climate and sustainability metrics this year, reflecting the increasing scrutiny and evolving standards in environmental, social, and governance...

Meta’s Commitment to Sustainability In its 2024 Sustainability Report, Meta reaffirms its commitment to creating a sustainable future. The company has been at the forefront of environmental initiatives, focusing on...

The 2024 Chartered Accountants IFRS Survey provides critical insights into the perspectives of Chartered Accountants (CAs) on the impacts, challenges, and opportunities in financial reporting standards. As the financial landscape...

As someone who uses Asana daily to manage my projects and tasks at ESG News, I’ve grown to appreciate not just its utility but the way it seamlessly integrates various...

Australia’s Senate has passed the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024, setting the stage for a new era of mandatory climate risk disclosures. Starting in...

The Pan African Federation of Accountants (PAFA) has taken a significant step forward by officially approving the establishment of a Centre of Excellence (CoE) for Sustainability. This strategic initiative is...

U.S. Companies Lead on Sustainability EcoOnline’s latest survey reveals a significant shift in corporate America’s approach to climate action, with over 80% of companies proactively building net-zero programs—without waiting for...

Norges Bank Investment Management (NBIM), the investment arm of the Norwegian Central Bank, has submitted a letter to the Sustainability Standards Board of Japan (SSBJ) advocating for enhanced alignment between...

In Defense of Investor Interests The U.S. Securities and Exchange Commission (SEC) is staunchly defending its climate disclosure rule in court, asserting that the rule is vital for providing investors...

The European Commission has released detailed guidelines on the implementation of the EU Corporate Sustainability Reporting Directive (CSRD). The CSRD, introduced through Directive (EU) 2022/2464, aims to enhance transparency and...

Microsoft has announced an expansion of its sustainability solution offerings aimed at easing the challenges of ESG disclosure reporting. The new Project ESG Reporting (preview) offers standardized templates based on...

Despite data quality issues, a significant number of companies are integrating sustainability into their strategies. According to Deloitte’s 2024 “Sustainability Action Report,” over 75% of executives have seen progress in...

MioTech is leveraging tougher ESG disclosure rules to expand its sustainability data and software services. Founder and CEO Jason Tu outlined plans for more partnerships to help clients meet regulatory...

The UN Development Programme (UNDP) has partnered with the Global Reporting Initiative (GRI), GSG Impact, IFRS Foundation, and International Organization for Standardization (ISO) to establish Sustainability Disclosure and Management Hubs...

The International Accounting Standards Board (IASB) has published a consultation document proposing eight examples to illustrate how companies should report the effects of climate-related and other uncertainties in their financial...

Enhanced Biodiversity Reporting Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) have unveiled a joint interoperability mapping resource. This tool outlines the alignment between TNFD Disclosure...

Longevity Partners launches a revolutionary Decarbonisation Dashboard to aid global real estate in cutting carbon emissions. This proprietary tool enables asset managers to track and reduce carbon footprints, optimize energy...

Starting July 1st, BNP Paribas Bank in Poland will offer its business clients access to the Envirly platform, a cutting-edge tool powered by AI for calculating and managing carbon footprints....

Indian businesses are taking the lead in ESG reporting and prioritizing diversification efforts, outpacing their global counterparts, according to a recent study by DBS Bank. The comprehensive research, titled “Pivotal:...

EFRAG released a report on the early implementation of the European Sustainability Reporting Standards (ESRS) among large EU companies. Supported by Boston Consulting Group (BCG), this study, titled ‘State of...

Key Impact Points: ERM Unveils 2024 Sustainability Report: Charting a Bold Path Toward Environmental Leadership and Innovation ERM has unveiled its 2024 Sustainability Report, a testament to the company’s profound...

Measurabl has launched its next-generation platform, offering advanced software products for real estate owners, operators, and investors to leverage sustainability. This suite is driven by Quantum, the world’s first Real...

Sustainability software and services provider, Good.Lab has announced a new solution to help mid-market companies comply with the EU’s Corporate Sustainability Reporting Directive (CSRD).  Good.Lab’s new solutions streamline the CSRD...

Despite pushback against Environmental, Social, and Governance (ESG) initiatives, US climate disclosure is gaining momentum through state-level and federal supplier requirements, even as the SEC’s climate rule faces delays. State-Level...

Dutch companies show strong confidence in CSRD readiness. According to PwC’s Global CSRD Survey 2024, 79% of Dutch businesses expect to comply with the new Corporate Sustainability Reporting Directive (CSRD)...

Strategic Collaboration for Sustainability IBM (NYSE) and JLL (NYSE) have unveiled a global sustainability solution, powered by IBM Envizi technology, to enhance ESG reporting and data management in the commercial...

Amazon’s Sustainability Exchange, launched today, provides previously proprietary guidance to accelerate supply chain decarbonization. This initiative marks a significant step in Amazon’s journey to reach net-zero carbon by 2040. Why...

KPMG Launches Clear on Climate Reporting Hub for Corporate Transparency Climate change is driving increased scrutiny of financial reporting from stakeholders, including regulators, investors, and the public. They demand clarity...

Schneider Electric, the global leader in digital transformation of energy management and automation, is proud to announce major enhancements to EcoStruxure™ Resource Advisor, a versatile enterprise software suite of solutions designed...

With comprehensive disclosure requirements now applying to tens of thousands of companies under the EU Corporate Sustainability Reporting Directive (CSRD), what does it mean for organizations that already use GRI...

Oxbury, Britain’s only fintech solely dedicated to farming, continues to lead the charge in sustainability with the release of its second annual Natural Capital Report. Launched in 2021, Oxbury’s mission...

A coalition of leading Canadian pension funds has submitted a letter to the Canadian Sustainability Standards Board (CSSB), urging it to reconsider proposed exemptions for sustainability reporting. This initiative underscores...

Schroders released its inaugural Impact Report, highlighting its dedication to impact investing and its commitment to delivering positive societal and environmental outcomes for clients. Key Developments: Impact Framework and Achievements:...

New Measures for Corporate Sustainability Reporting The European Securities and Markets Authority (ESMA) has unveiled its Final Report on the Guidelines on Enforcement of Sustainability Information (GLESI) and a Public...

A new report by Schneider Electric and the Institute of Singapore Chartered Accountants (ISCA) reveals a critical issue: 94% of Singapore companies are not fully measuring and analyzing Scope 3...

The IFRS Foundation and EFRAG have published guidance material to illustrate the high level of alignment achieved between the International Sustainability Standards Board’s IFRS Sustainability Disclosure Standards (ISSB Standards) and...

AEW Europe, one of the world’s leading real estate investment and asset managers, announces that it will be one of the first asset managers to adopt the new ‘Sustainability Impact’...

Harnessing AI for Environmental Impact Google’s 2024 Environmental Report highlights the company’s strategic use of AI to drive environmental change and operate sustainably. By leveraging technology, Google aims to address...

As companies worldwide strive to meet sustainability goals, the urgency to adapt to evolving regulatory landscapes is paramount. New environmental, social, and governance (ESG) reporting requirements, including the EU’s Corporate...

Envoria, a leading provider of ESG solutions, is proud to announce its collaboration with Vodafone Business. With the launch of the new Vodafone Business ESG Navigator, powered by Envoria’s robust...

Bloomberg has launched new tools for investors to measure, manage, and report on the sustainability characteristics of their portfolios. These tools are available in Bloomberg’s portfolio and risk analytics solutions,...

The International Finance Corporation (IFC) and the IFRS Foundation have signed a strategic partnership to strengthen sustainable capital markets by improving sustainability and climate reporting in emerging markets and developing...

ERM and OPTEL have entered a strategic partnership to enhance supply chain visibility and reporting capabilities. This collaboration leverages OPTEL’s traceability technology and ERM’s sustainability expertise to help companies meet...

The European Central Bank (ECB) has published its second set of climate-related financial disclosures, which provides information on the carbon footprint of its portfolios and their exposure to climate risks,...

Supply chain Scope 3 emissions are significantly higher than operational emissions, yet often overlooked. Despite their scale, only a fraction of corporates set targets for these emissions. The responsibility to...

In today’s ESG landscape, we are seeing more companies setting new carbon emissions reductions targets, such as committing to net-zero targets and science-based targets (SBTs). In fact, the number of...

At the IFRS Foundation Conference coinciding with London Climate Action Week—ISSB Chair Emmanuel Faber will announce further harmonisation of the sustainability reporting landscape, as the International Sustainability Standards Board (ISSB) embarks on...

Greenhouse Gas Protocol (GHG Protocol) and the IFRS Foundation  announced that they have signed a memorandum of understanding to guide future work and collaboration between GHG Protocol and the International Sustainability Standards Board...

Executive Summary: Australia’s government is spearheading major sustainable finance reforms to transition to a net-zero economy. These initiatives include mandatory climate-related financial disclosures, the development of a sustainable finance taxonomy,...

Executive Summary The Taskforce on Nature-related Financial Disclosures (TNFD) and the European Financial Reporting Advisory Group (EFRAG) have jointly published a correspondence mapping between the European Sustainability Reporting Standards (ESRS)...

Executive Summary: Unilever intensifies its climate advocacy efforts to accelerate emissions reduction and support global net-zero goals. By collaborating with coalitions and pushing for transformative policies, Unilever aims to create...

PepsiCo has published its 2023 progress report on Environmental, Social and Governance (ESG) results. The 2023 ESG Reporting Suite includes the ESG Summary, ESG Topics A-Z and the ESG Data Hub, providing a detailed...

Key Impact Points: Bloomberg announced a new data offering on the Bloomberg Terminal, collating data companies report in line with the EU’s Corporate Sustainability Reporting Directive (CSRD). This service is...

Executive Summary The European Supervisory Authorities (ESAs) have proposed new categories for financial products under the Sustainable Finance Disclosure Regulation (SFDR) to address greenwashing and improve clarity for investors. The...

Key Impact Points: Executive Summary: Workiva has launched Workiva Carbon, expanding its platform for ESG, financial reporting, and GRC with tools for carbon accounting, management, and decarbonization. This new addition...

Key Impact Points: Staying within 1.5°C remains a key business goal, according to CDP data showing a nearly 50% increase in companies with 1.5°C-aligned climate transition plans. Sherry Madera, CEO...

Almost two-thirds (63%) of companies say they are very or extremely confident that they will be ready to report under the EU’s new Corporate Sustainability Reporting Directive (CSRD), according to...

Public comment on revised GRI Standards for employment practices and working conditions How are organizations responding to their responsibilities to ensure decent working conditions and fully disclose their impacts on...

CCH Tagetik ESG & Sustainability for Carbon Emissions enables advanced data management of Scope 1, 2 and 3 emissions Wolters Kluwer, a global leader in information, software, and services for...

New disclosure platform unveiled to unlock faster action, harmonize global standards and make disclosure more efficient In a move set to kickstart a new era of more efficient disclosure and...

Environmental, social and governance (ESG) reporting headaches could be a thing of the past, after Ideagen, a leader in regulatory and compliance software, today announced a new strategic partnership to...

China’s Ministry of Finance has begun soliciting opinions on a draft guideline aimed at unifying corporate sustainability disclosures, with a vision of establishing a nationwide standard by 2030. The move...

Iberdrola held a new edition of the BAT Talk at the BAT B Accelerator Tower in Bilbao, Spain. During the event, attendees learned more about Iberdrola’s R&D strategy and innovation ecosystem, an ecosystem with numerous...

On May 24th, 2024, a Bloomberg journalist contacted the SBTi with a series of questions in preparation for an article which it published on May 29th, 2024. Below is the...

The IFRS Foundation releases Jurisdictional Guide at IOSCO Annual Meeting to support regulators Jurisdictions representing over half the global economy by gross domestic product (GDP) have announced steps to use...

In response to market demand, the two organisations will work together to optimise how GRI and ISSB Standards can be used together. The IFRS Foundation and the Global Reporting Initiative...

Key Impact Points: A recent Bloomberg Law survey highlights that a significant majority of attorneys doubt the SEC’s new climate disclosure rule will survive intact. The rule, which mandates detailed...

Infor®, the industry cloud company, today announced the launch of Infor GenAI and ESG Reporting, to help customers improve productivity and report on their environmental footprint. Infor’s modern solutions, from...

Key Points: Microsoft has released its 2024 Environmental Sustainability Report, covering the progress made in fiscal year 2023 against the baseline set in 2020. The full report can be explored...

ERM, the largest global specialist sustainability consultancy, has announced a strategic partnership with Workiva, one of the world’s leading cloud platforms for assured integrated reporting. Together, ERM and Workiva will...

McKinsey is accelerating sustainable and inclusive growth across its client work, insights, actions, and charitable giving. McKinsey & Company released its 2023 ESG Report, “Accelerating sustainable and inclusive growth for all.”...

Key Impact Points: The Global Reporting Initiative (GRI) has launched the “CSRD Essentials” series, a practical guide for understanding the EU’s Corporate Sustainability Reporting Directive (CSRD). This initiative, developed with...

The Earthshot Prize and its network have catalyzed £50M in funding in addition to Prize Money, reaching 54M people on average each year on social media since 2021. The finalists...

Boston Consulting Group (BCG) released its Annual Sustainability Report: From Bold Ideas to Exponential Impact. The report showcases the firm’s work throughout 2023 to find the most valuable, sustainable, and innovative...

Plenitude publishes its financial statements for 2023, as well as its Sustainability and Impact Report. The 2023 financial year ended with an adjusted operating profit of €515 million and an adjusted net...

Revisions to EPA’s Greenhouse Gas Reporting Program authorized by Congress will bring greater transparency and accountability for methane emissions from oil and natural gas facilities, one of the major drivers...

The IFRS Foundation and EFRAG have published guidance material to illustrate the high level of alignment achieved between the International Sustainability Standards Board’s IFRS Sustainability Disclosure Standards (ISSB Standards) and...

Report highlights Bloomberg’s work to reach its validated science-based net-zero emissions reduction target, and its work to accelerate climate action. Bloomberg published its 2023 Impact Report, which outlines how the company...

General Motors released its 2023 Sustainability Report, showcasing the company’s commitment to building an equitable zero-emissions future and working toward its carbon-neutral goal. The report highlights General Motors’s initiatives to...

In 2023, Citi reaffirmed its commitment to Environmental, Social, and Governance (ESG) principles amidst a complex global backdrop marked by environmental urgencies and socio-economic shifts. The annual ESG report outlines...

The Council has given its final approval to the directive on time limits for the adoption of sustainability reporting standards for certain sectors and third country undertakings, which amends the...

American Express reflected on its year-round commitment to sustainability as Earth Month 2024 drew to a close. The company highlighted its efforts to support communities, empower small businesses, and encourage...