Other sustainability reporting developments

This page provides a collection of resources on other sustainability reporting developments including the publication, in June 2017, of the Task Force on Climate-related Financial Disclosures (TCFD's), final recommendations for effective disclosure of climate-related financial risks.  Over 100 CEO's of large, multi-national organisations have publicly stated their support for the TCFD's initiative and urged other companies to support better disclosures of climate-related risks and opportunities.

Related resources

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IFRS Foundation and GRI aim to deliver full interoperability between ISSB and GRI standards

24 May, 2024

The IFRS Foundation and the Global Reporting Initiative (GRI) have announced that they will work together to optimise how ISSB and GRI standards can be used together to facilitate reporting on an entity's impacts, risks and opportunities, including risks that arise from the entity's impacts.

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120 signatories call for commitment from jurisdictions to adopt the ISSB standards

22 May, 2024

120 investors, companies, industry associations and stock exchanges have signed a call for commitment from relevant authorities across jurisdictions to adopt the ISSB standards. The endorsed statement was developed jointly by the London Stock Exchange Group (LSEG), the Principles for Responsible Investment (PRI), the United Nations Sustainable Stock Exchanges initiative (UN SSE) and the World Business Council for Sustainable Development (WBCSD).

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ISSB publishes webcasts on current and anticipated effects

22 May, 2024

The International Sustainability Standards Board (ISSB) has published two webcasts on the disclosure requirements related to current and anticipated effects of sustainability-related risks and opportunities on an entity's financial position, financial performance and cash flows.

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IFRS Foundation to launch webcast series on sustainability disclosures

21 May, 2024

The IFRS Foundation has announced a new webcast series titled 'Perspectives on sustainability disclosure' with the first webinar to take place on 30 May 2024.

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Chair of the new UK Sustainability Disclosure Technical Advisory Committee appointed

20 May, 2024

The Chair of the new UK Sustainability Disclosure Technical Advisory Committee (TAC) has been appointed.

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UK Government publishes an implementation update on UK Sustainability Disclosure Requirements

18 May, 2024

The UK Government has published an update on plans to introduce economy-wide Sustainability Disclosure Requirements (SDR) in the UK.

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IFRS Foundation publishes updated guide on using the IR Framework with the ISSB standards

17 May, 2024

The IFRS Foundation has updated its guide titled 'Transition to integrated reporting: A guide to getting started' to help entities implement IFRS S1 and IFRS S2.

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GRI starts new publication series on the CSRD

16 May, 2024

The Global Reporting Initiative (GRI) has set up a new publication series titled 'CSRD Essentials'. In the series, GRI explores the EU mandatory sustainability reporting requirements under the Corporate Sustainability Reporting Directive (CSRD).

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ICAS and IRC examine the materiality concept in financial and sustainability reporting

16 May, 2024

The Institute of Chartered Accountants of Scotland (ICAS) and the Integrated Reporting Committee of South Africa (IRC) have each published documents that discuss the concept of materiality in financial and sustainability reporting.

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FRC to hold roundtable events on the UK sustainability assurance market

03 May, 2024

The Financial Reporting Council (FRC) will hold two roundtable events on 5 June and 12 June as part of its market study on the UK sustainability assurance market.

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ISSB and EFRAG publish 'ESRS — ISSB Standards Interoperability Guidance'

02 May, 2024

The International Sustainability Standards Board (ISSB) and EFRAG (formerly the European Financial Reporting Advisory Group) have published guidance to illustrate the high level of alignment achieved between the ISSB standards and the European Sustainability Reporting Standards (ESRS).

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TPR review shows how pension trustees are addressing climate risks and opportunities

01 May, 2024

A review of climate-related disclosures conducted by The Pension Regulator (TPR) shows how pension trustees are acting to address climate risks and opportunities.

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FCA proposes extending its Sustainability Disclosure Requirements (SDR) and investment labelling regime and publishes its anti-greenwashing guidance

29 Apr, 2024

The Financial Conduct Authority (FCA) has published a consultation which proposes to extend its Sustainability Disclosure Requirements (SDR) and investment labelling regime to portfolio management services. It has also published its finalised non-handbook guidance on the anti-greenwashing rule.

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Accounting roundup — Closing Out

17 Apr, 2024

Closing Out is a one stop guide covering key corporate reporting issues to be aware of when approaching year-end and interim reporting.

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European Parliament approves delay of certain ESRSs

17 Apr, 2024

The European Parliament has voted to postpone the adoption of sector-specific European Sustainability Reporting Standards (ESRSs) and ESRSs for third-country entities by two years, until 30 June 2026.

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Transition Plan Taskforce publishes new resources

12 Apr, 2024

The Transition Plan Taskforce (TPT) has issued its final set of transition plan resources which aim to help business unlock finance for transition to net zero.

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Need to know — EFRAG proposes ESRS for listed SMEs

11 Apr, 2024

This 'Need to know' outlines the exposure draft 'ESRS for listed small- and medium-sized enterprises' that was published by EFRAG on 22 January 2024.

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EC announces event on ESRS

08 Apr, 2024

The European Commission (EC) has announced a half-day event titled 'Supporting companies in applying the European Sustainability Reporting Standards (ESRS)' on 16 May 2024 in Brussels. Participants can either attend in person or virtually.

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ESRB report on climate-related risks in the financial statements

04 Apr, 2024

The European Systemic Risk Board (ESRB) has published a report on how climate-related risks are reflected in IFRS financial statements. The report finds that while IFRSs generally enable entities to effectively reflect climate-related risks in their financial statements, minor amendments would increase financial stability.

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FRC publishes its Plan and Budget for 2024-25

28 Mar, 2024

The Financial Reporting Council (FRC) has published its Plan and Budget for 2024-25.

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