-
G7 backs mandatory TCFD reporting
07 June 2021The Finance Ministers and Central Bank Governors of the Group of Seven (G7) wealthy democracies have expressed their support for "moving towards mandatory climate-related financial disclosures", setting the stage for such reporting to become the norm across multiple jurisdictions.
-
IFRS Foundation calls for sustainability standards board nominees
01 June 2021The trustees of the IFRS Foundation have called for nominations for the roles of chair and vice-chair of the proposed 14-member International Sustainability Standards Board (ISSB) to develop global sustainability reporting standards for disclosures in corporate reports.
-
Cautious optimism for TNFD despite challenges
08 March 2021After the success of the TCFD in driving focus on climate-related disclosures, the mood is upbeat that the Task Force on Nature-related Financial Disclosures (TNFD) can do the same for natural capital - despite awareness of the additional challenges it faces. Ahren Lester reports
-
IFRS Foundation sets out 'strategic direction' for global sustainability standards
08 March 2021The trustees of the IFRS Foundation have said a prototype climate-related disclosure standard devised last year could be used as the basis for a proposed global sustainability reporting regime, and said they plan to begin work with a group of sustainability-related reporting organisations.
-
IOSCO offers to help IFRS coordinate global disclosure standards
26 February 2021The International Organization of Securities Commissions (IOSCO) has offered to establish an expert group that would help the IFRS coordinate development of its proposed global sustainability reporting standards.
-
Reporting organisations invite EU, IFRS collaboration
13 January 2021Five organisations working to create a globally accepted comprehensive corporate reporting system have invited the EU and the International Financial Reporting Standards (IFRS) Foundation to contribute to their work on harmonisation.
-
'Double materiality' splits market in IFRS sustainability standards consultation
07 January 2021 -
Impact: Six areas to watch in 2021
07 January 2021A legal framework for impact, harmonisation of reporting frameworks and the rise of impact indexes could shape 2021, writes Michael Hurley
-
IFRS 'should use TCFD' as basis for reporting standards, says FSB
24 December 2020The IFRS Foundation's proposal to devise international sustainability reporting standards should be underpinned by the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the Financial Stability Board (FSB) has said.
-
IFRS sustainability standards could create 'additional fragmentation'
23 December 2020The IFRS Foundation has been warned that if it does not support the work of existing standard setters, its proposals to develop consolidated international sustainability reporting standards could lead to "additional fragmentation in an already crowded ecosystem".