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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FRC webinar on ESG and sustainability reporting

25 Aug, 2022

The Financial Reporting Council (FRC) will host an online webinar between 2pm-3pm on 7 September 2022 to assist stakeholders in understanding the requirements of ESG and sustainability reporting.

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EFRAG to hold Sustainability Reporting Board Meeting on 15 August 2022

12 Aug, 2022

The European Financial Reporting Advisory Group (EFRAG) has announced that it will hold its Sustainability Reporting Board webcast meeting on 15 August 2022

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Deloitte comment letter on the draft ESRS

10 Aug, 2022

We have commented on the draft European Sustainability Reporting Standards (ESRS) developed by the European Financial Reporting Advisory Group (EFRAG) and released for comment in April 2022.

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Deloitte comment letter on the draft European Sustainability Reporting Standards (ESRS)

10 Aug, 2022

Deloitte supports consistent reporting of high-quality, relevant, reliable and comparable information that will enable investors and other relevant stakeholders to make decisions that support the transition to a green and inclusive economy. The draft European Sustainability Reporting Standards (ESRS) are comprehensive and generally have the potential to result in relevant information, but we have key concerns that they will create issues for the quality of the information provided, the effective implementation and enforceability of the standards, and consequently will not support the ultimate objective.

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ESMA comments on the draft ESRS

08 Aug, 2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has commented on the draft European Sustainability Reporting Standards (ESRS) developed by the European Financial Reporting Advisory Group (EFRAG).

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FRC and FCA publish reports on TCFD compliance by premium-listed companies

03 Aug, 2022

The Financial Reporting Council (FRC) and the Financial Conduct Authority (FCA) have each published reports assessing the quality of Task Force on Climate-related Financial Disclosures (TCFD) by premium-listed companies which were required for periods commencing on or after 1 January 2021. The FRC also reviewed the extent of climate-related disclosures within the financial statements and provides better practice disclosures which it encourages companies to refer to when preparing or seeking to improve their own disclosures.

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GRI and the United Nations Global Compact release updated publication on business reporting on the Sustainable Development Goals

01 Aug, 2022

The Global Reporting Initiative (GRI) and United Nations Global Compact have released an updated version of their 2017 publication “Business Reporting on the SDGs: An Analysis of the Goals and Targets”.

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IFRS Foundation and Value Reporting Foundation complete consolidation

01 Aug, 2022

The consolidation of the Value Reporting Foundation (VRF) into the IFRS Foundation has been completed.

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The Value Reporting Foundation publishes The Transition to integrated thinking: a guide to getting started

01 Aug, 2022

The Value Reporting Foundation (VRF), recently consolidated into the IFRS Foundation, has published a new guide which seeks to assist senior leadership and those charged with governance in an organisation on their journeys towards embedding integrated thinking.

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Accounting roundup — July 2022

27 Jul, 2022

This Accounting roundup, covering the period April 2022 through to June 2022, pulls together the headlines for all the latest developments in accounting, providing links to a wealth of further information and resources.

Deloitte comment letter on the Transition Plan Taskforce’s call for evidence on proposals for a sector-neutral framework for private sector transition plans Image

Deloitte comment letter on the Transition Plan Taskforce’s call for evidence on proposals for a sector-neutral framework for private sector transition plans

21 Jul, 2022

We have responded to the Transition Plan Taskforce’s (TPT's) call for evidence on proposals for a sector-neutral framework for private sector transition plans.

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G20 Chair summarises meeting of Finance Ministers and Central Bank Governors

19 Jul, 2022

While the meeting of the G20 Finance Ministers and Central Bank Governors on 16-17 July 2022 in Bali ended without a joint communiqué, the G20 Chair has issued a summary of the discussions and results.

FCA Policy Statement and Listing Rule promoting better climate-related financial disclosures aligned with TCFD Image

Need to know — New FCA Policy Statement and Listing Rule promoting better climate-related financial disclosures aligned with TCFD

14 Jul, 2022

The Financial Conduct Authority (FCA) have published a Policy Statement and Listing Rules requiring listed entities to provide Task Force on Climate-related Financial Disclosure (TCFD) aligned disclosures.

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FSB progress report on addressing climate-related financial risks

14 Jul, 2022

The Financial Stability Board (FSB) has submitted to the G20 Finance Ministers and Central Bank Governors its first annual progress report on the July 2021 roadmap to address climate-related financial risks.

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GRI releases new standard for Agriculture, Aquaculture and Fishing Sector

08 Jul, 2022

The Global Reporting Initiative (GRI) has released a new standard "GRI 13: Agriculture, Aquaculture and Fishing Sectors 2022"

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EFRAG and EAA to hold joint outreach event on draft ESRS

08 Jul, 2022

​EFRAG and the European Accounting Association (EAA) will hold a joint outreach event on 14 July 2022 from 16:30 to 18:00 CET to discuss the EFRAG Exposure Drafts (EDs) on the first set of Draft European Sustainability Reporting Standards (ESRS).

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European Council and European Parliament reach an agreement on the corporate sustainability reporting directive (CSRD)

07 Jul, 2022

Following the provisional political agreement on the EU Corporate Sustainability Reporting Directive (CSRD), on 22 June 2022, the near final text for the CSRD has been published.

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Governance in focus — On the board agenda – half year 2022

05 Jul, 2022

At a time when macro topics once again dominate, this half year edition of “On the Board Agenda” has two objectives – first, to act as a reminder of key matters for the half year report, and, second, to help you set the agenda for the remainder of the year, contextualised of course as usual.

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G7 welcomes ISSB’s progress on global baseline of sustainability disclosures

28 Jun, 2022

Following the G7 Leaders' Summit 2022, a joint declaration has been published that stresses the need for a transition of the whole economy towards sustainability, net-zero and nature-positive outcomes to achieve a sustainable planet.

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European Parliament and Council reach provisional agreement on CSRD

22 Jun, 2022

The European Council and European Parliament have reached a provisional political agreement on the corporate sustainability reporting directive (CSRD) proposed by the European Commission (EC) in April 2021.

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