Policy

UK lays ground for ISSB endorsement and transition plan consultation

ISSB has 'fixed' sustainability fragmentation, Faber says on release of transition plan guide

Countries that have adopted the International Sustainability Standards Board (ISSB) standards have "fixed" the risk of fragmentation of sustainability reporting for investors, the chair of the ISSB claimed.

EU should 'reset' reporting rules to align with ISSB, says investor group

The EU should use its Omnibus 'simplification' drive to perform a broad "reset" of its European Sustainability Reporting Standards (ESRS) to align more closely with the International Sustainability Standards Board (ISSB) standards, according to Dutch investor group Eumedion.

Omnibus uncertainty to make EU supervisors' work harder, says ESMA

Taxonomy alignment of EU insurers and pension fund assets around 10%, EIOPA says

EFRAG says it aims to cut ESRS by 50% as it unveils draft proposals

EU advisers aim to cut European Sustainability Reporting Standards (ESRS) by about 50%, they revealed as they approved an initial draft progress report.

High degree of variance in CSRD materiality assessments undermines comparability, ING says

'Messy' Corporate Sustainability Reporting Directive (CSRD) reports due to variance in how entities applied double materiality assessments make it "extremely challenging to compare and understand the first CSRD disclosures", analysis by ING says.

Bonn climate negotiations begin amidst financing pushback

Public sector accounting standards setter splits workstreams

Sustainable finance rules 'fully consistent with' €800bn defence push, EU says

The EU's sustainable finance rulebook "is fully consistent with" a push to invest €800 billion ($920 billion) in defence, the European Commission said as it suggested it was ready to change sustainable investment disclosure rules to support its objectives.

EU ESG Rating Regulation to penalise small firms and benefit 'big four'

The EU's proposed regulation of ESG ratings firms threatens to penalise smaller data providers and could drive market share to the big US firms that dominate the market, it has been warned.

Australian financial institutions to pilot sustainable finance taxonomy

The Australian Sustainable Finance Institute (ASFI) has published the Australian sustainable finance taxonomy covering "green and transition" activities - including those in minerals, mining and metals - which will now be tested by some of the country's largest financial institutions.

Danger of CSDDD repeal is real, says key architect of NFRD

The prospect of a full repeal of the EU Corporate Sustainability Due Diligence Directive (CSDDD) is real, a key architect of the bloc's foundational sustainability reporting rules has warned.

Revised Stewardship Code could increase reporting burden rather than reduce it, NEST says

The simplified UK Stewardship Code could increase the reporting burden on signatories - contrary to the intended outcome of the overhaul, according to one of the country's largest pension funds.

Basel Committee publishes voluntary climate risk disclosure framework

The influential Basel Committee on Banking Supervision (BCBS) has published a voluntary framework for disclosure of climate-related financial risks by banks rather than integrating it into Pillar 3 requirements as initially intended.