This Heads Up discusses the E.U. Corporate Sustainability Reporting Directive (CSRD) as well as the recently adopted European Sustainability Reporting Standards (ESRS), which provide supplementary guidance for companies within the scope of the CSRD. The adoption of the CSRD, along with the supporting ESRS, is intended to increase the breadth of nonfinancial information reported by companies and to ensure that the information reported is consistent, relevant, comparable, reliable, and easy to access.
Discussions around environmental, social, and governance (ESG) reporting tend to focus on public companies, but as it turns out, ESG reporting is relevant to private companies, too. Here’s why sustainability concerns may be top of mind for a range of private company stakeholders.
This Heads Up discusses the International Sustainability Standards Board’s (ISSB’s) issuance of its first two standards, IFRS S1 and IFRS S2, which address disclosure requirements related to an entity’s governance, strategy, risk management, and sustainability-related metrics and targets. Marking an important milestone in the standardization of global corporate sustainability reporting, IFRS S1 and IFRS S2 are intended to improve the alignment and interoperability of global ESG standards while reducing the reporting burden for preparers and enhancing the usefulness of sustainability disclosures for investors.
In this edition of CFO Insights, we’ll look at how increasing demands for accurate and transparent sustainability numbers offer the potential for finance chiefs to become better business partners to their C-suite peers. By keeping the ESG agenda in front of both employees and the board, finance leaders can play a pivotal part in ensuring that sustainability is integrated into how the business operates, innovates and grows.
Many Canadian insurers are not just disclosing, but also actively undertaking new efforts related to environmental, social, and governance (ESG) factors. However, embedding ESG within a company’s core purpose and strategy, and then translating that to their lines of business and enabling functions continues to be an area of untapped opportunity. Pressure to respond to ESG considerations from investors, boards, customers, employees, and ecosystem stakeholders will only continue to intensify. Why must insurers act now?
This Heads Up discusses COSO’s recently issued landmark interpretive report on how its Internal Control — Integrated Framework (the “COSO Framework”) can apply to sustainable business activities and information. The report illuminates how the COSO Framework’s 5 components and 17 principles can help companies establish an effective and integrated system of internal control over their material or decision-useful sustainable business information.”
This publication provides public company auditors with insight into the types of climate-related information companies are disclosing, the role public company auditors play in evaluating a company’s reporting of climate-related information and, the skillsets that enable auditors to perform attestation engagements over climate-related information.
Climate change is transforming the global business landscape, but many corporate leaders continue to underestimate the speed and scale with which the shift to a low-emissions economy is likely to unfold—and they are failing to recognize the substantial business opportunity associated with the transition. As leaders shift from ambition to action, understanding and accelerating systems transformation will be crucial. Explore a framework that can help organizations design a corporate climate strategy to drive change and create new value in the climate-aligned economy.
This report covers the main developments in the ISSB’s work since the last update (October 2022) such as the COP 15 Biodiversity conference and discussions on IFRS S1 and S2.
Companies increasingly are opting for ESG governance frameworks that allocate responsibilities to various combinations of board committees and the full board. Given the proposed SEC rule on climate risk disclosure and its likely impact on financial reporting, audit committees should understand trends that are emerging in climate reporting and the broader ESG governance landscape.
In this edition of CFO Insights, we'll explore some issues for CFOs to consider as they prepare for the SEC's final disclosure rules and the challenges they may encounter.
This Heads Up highlights key provisions of the European Union’s recently approved Corporate Sustainability Reporting Directive (CSRD), whose sustainability reporting requirements are much broader than those proposed in the United States and will affect all companies with significant operations in E.U. jurisdictions, including U.S.-based companies with as little as one subsidiary or branch in the European Union.
