Archive

  • With AI, 'people will not spend time on reporting anymore'

    07 February 2025

    An 'AI Sustainability Agent' has been launched with the aim of transforming the task of gathering data for sustainability reporting from one that takes tens of hours into minutes.

  • Omnibus regs: EFRAG chair backs CSRD mid-caps category, says cuts possible to narrative reporting

    07 February 2025

    The chair of the EU's standard setting body has said it "is sympathetic to" creating a new category of 'intermediate'-sized companies if it helped achieve the EU's simplification agenda without undermining its goal of improving sustainability reporting.

  • Investment Association says UK taxonomy no longer needed

    07 February 2025

    The Investment Association (IA) has told the UK to scrap its plans for a 'green taxonomy', telling the Government such a framework is unnecessary due to Sustainability Disclosure Requirements (SDR) and work on transition planning.

  • Closed-door consultation on EU omnibus feeds NGO fears of big cutbacks

    06 February 2025

    A closed-door consultation by the European Commission of companies, business groups and NGOs fed concerns that major changes to EU sustainability regulations would include eradicating the 'double materiality' principle and transition plan disclosures, NGOs at the meeting said.

  • EU sustainability rule cutback is chance to coalesce with 'global baseline' - IFRS chair

    05 February 2025

    The EU's plans to reduce its sustainability reporting requirements present an opportunity to align more closely with the IFRS sustainability disclosure standards, according to the chair of the IFRS Foundation.

  • EU advisers present taxonomy overhaul to 'cut reporting burden by one-third'

    05 February 2025

    The EU should allow companies and financial institutions to use estimates and data proxies more widely when reporting alignment with the EU Taxonomy, among measures to reduce reporting requirements of businesses by "more than one-third", according to advisers.

  • Investors sound alarm that EU's Omnibus threatens 'significant weakening' of ESG data

    04 February 2025

    The European Commission's plans to overhaul sustainability reporting risk hollowing out the EU sustainable finance framework and jeopardising its Green Deal, it has been warned by investors with a combined €6.6 trillion ($6.8 trillion) in assets.

  • Better data reporting could help boost emerging market ratings, says Moody's

    31 January 2025

    Better reporting of data could help improve the creditworthiness of emerging market and developing economies (EMDE), Moody's has argued.

  • Cisco warns against bonfire of regulation as EU finalises its Omnibus redraft

    31 January 2025

    The prospect of "three or four years" of re-negotiating sustainability regulations is a major "worry" for tech giant Cisco, its head of EU policy said as she warned against a "bonfire of regulations".

  • UK government mulling how ISSB reporting will square with its growth objectives

    30 January 2025

    The UK government is preparing to consult on which aspects of the International Sustainability Standards Board (ISSB) standards it should adopt and is weighing how to ensure new reporting requirements do not impinge on its 'growth' agenda.