Feb 26, 2024
This Heads Up, which discusses the E.U. Corporate Sustainability Reporting Directive (CSRD) as well as the recently adopted European Sustainability Reporting Standards (ESRS), has been updated to reflect (1) the revised scope thresholds in the CSRD, which went into effect on December 21, 2023, and (2) updates from the European Financial Reporting Advisory Group regarding the statuses of various sets of ESRS as well as the publication of draft implementation guidance.
Nov 24, 2023
The report suggests innovative finance instruments to reduce risks and boost investment in developing economies, facilitating a just global energy shift. Key points include the need for $5-7 trillion annual global investment for net-zero emissions by 2050, a potential 40% cost reduction in developing economies (saving $50 trillion) with improved financing, and the necessity for collaborative efforts among governments, investors, and financial institutions to create mechanisms that attract private finance. It also underscores the importance of major policy and regulatory initiatives to strengthen international investment structures.
Oct 26, 2023
This iGAAP in Focus outlines the final recommendations for nature-related risk management and disclosure (Version 1.0) (the recommendations), published by the Taskforce on Nature-related Financial Disclosures (TNFD) in September 2023.
Sep 23, 2023
This iGAAP in Focus outlines the first set of European Sustainability Reporting Standards (ESRS), adopted by the European Commission (EC) on 31 July 2023 in Commission Delegated Regulation supplementing Directive 2013/34/EU of the European Parliament and of the Council as regards sustainability reporting standards.
Sep 20, 2023
Latest insights on the evolving expectations, current pitfalls and questions audit committees should be asking due to the release of new sustainability frameworks and regulations.
Aug 17, 2023
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.
Jul 12, 2023
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.
Jun 30, 2023
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.
Jun 28, 2023
This iGAAP in Focus outlines IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures published by the International Sustainability Standards Board (ISSB) in June 2023.
Jun 08, 2023
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.
May 31, 2023
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?
Apr 21, 2023
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.”
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