Archive

IFRS Foundation sets out 'strategic direction' for global sustainability standards

The 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.

Physical climate risk disclosure initiatives still lacking, says WRI

Climate risk disclosure initiatives are still lacking in their coverage of several key physical risks, according to a report by the World Resources Institute (WRI), resulting in firms not being fully equipped to assess their exposure to these hazards.

Reporting organisations invite EU, IFRS collaboration

Five 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

Asset manager taskforce calls on bondholders to assert their rights

A UK government-initiated taskforce has announced recommendations to strengthen sustainable stewardship in the UK investment industry, including encouraging investors to assert their rights in the bond and private markets.

Only a matter of time' before TCFD becomes mandatory in UK, says BofE

Bank of England (BofE) markets executive director Andrew Hauser said you can "reasonably expect" adoption of recommendations outlined by the Task Force on Climate-related Financial Disclosures (TCFD) to become mandatory in the UK.

Apex launches private company ESG ratings service for investors

Financial services firm Apex has launched a platform offering an environmental, social and governance (ESG) rating and scoring service for private companies, allowing investors to generate sustainability insights for their entire portfolio.

Bloomberg launches its own 'fully transparent' ESG scores

Bloomberg has launched proprietary, company-level environmental, social and governance (ESG) scores, marking a significant expansion of the sustainability data available on its terminals.

US retirement plan proposals on ESG 'off-the-mark', says SASB

The Sustainability Accounting Standards Board (SASB) has called on the US Department of Labor (DoL) to withdraw proposed retirement plan rule changes, which were accused of seeking to "tamp down" environmental, social and governance (ESG) investing.

SASB and GRI announce sustainability disclosure collaboration

The Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI) have announced a collaboration to show how their two standards can be used together to help ease the reporting burden.