Archive

'Double materiality' splits market in IFRS sustainability standards consultation

Impact: Six areas to watch in 2021

A 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

The 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'

The 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".

International sustainability standards 'should incorporate SDGs'

Efforts to develop international sustainability reporting standards should use the Sustainable Development Goals (SDGs) "as an underlying anchor", according to the European Securities and Markets Authority (ESMA).

IASB clarifies climate expectations as Big Four face investor scrutiny

The International Accounting Standards Board (IASB) has clarified its expectations on disclosure of climate-related risks, as it emerged that a group of investors had pressured the Big Four accounting firms to focus more on climate.