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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Task Force on Climate-Related Financial Disclosures disbanded

15 Dec, 2023

The Task Force on Climate-related Financial Disclosures (TCFD) has now disbanded.

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FRC announces areas of supervisory focus for 2024/25

08 Dec, 2023

The Financial Reporting Council (FRC) has announced its areas of supervisory focus for 2024/25, including priority sectors, for corporate reporting reviews and audit quality inspections.

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Accountancy Europe and EFRAG webinar on supporting ESRS implementation

08 Dec, 2023

On 12 December 2023, Accountancy Europe and EFRAG will organise a 2-hour joint webinar titled "Supporting high-quality ESRS implementation".

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Research into the role of the CFO and finance function in the climate transition

06 Dec, 2023

New research has been published which considers the role of finance in the transition to a lower-emission world.

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Declaration of support to advance the adoption or use of the ISSB’s climate-related reporting

04 Dec, 2023

Almost 400 organisations from 64 jurisdictions have signed a declaration of support to advance the adoption or use of the climate-related reporting of the International Sustainability Standards Board (ISSB) at a global level. The declaration from companies, investors, stock exchanges, the accountancy profession, multilaterals, non-governmental organisations, universities, data analytics providers, corporate advisors and others was announced at COP28, currently taking place in Dubai, United Arab Emirates.

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IFRS Foundation and ISO commit to future cooperation towards effective communication about sustainability-related risks and opportunities

04 Dec, 2023

The IFRS Foundation and the International Organization for Standardization (ISO) have confirmed their shared commitment to cooperate to support efficient and resilient global economies at COP28, currently held in Dubai, United Arab Emirates. Both organisations recognise that working together in areas of common interest is in the public interest.

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Erkki Liikanen speaks on progress and priorities to advance global sustainability disclosures

04 Dec, 2023

The Chair of the IFRS Foundation Trustees, Erkki Liikanen, held a speech at COP28, currently held in Dubai, United Arab Emirates, to reflect on the progress that has been made since the IFRS Foundation announced the decision to establish the International Sustainability Standards Board (ISSB) at COP26.

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IFRS Foundation launches knowledge hub to support the implementation of IFRS S1 and IFRS S2

01 Dec, 2023

The IFRS Foundation has launched the IFRS Sustainability Knowledge Hub to support the implementation of IFRS S1 ‘General Requirements for Disclosure of Sustainability-related Financial Information’ and IFRS S2 ‘Climate-related Disclosures’. The hub is a tool in the capacity building programme for the new standards before they become effective for annual periods beginning on or after 1 January 2024.

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FCA confirms Sustainability Disclosure Requirements (SDR) and investment labelling regime

01 Dec, 2023

The Financial Conduct Authority (FCA) has published Policy Statement (PS) 23/16 ‘Sustainability Disclosure Requirements (SDR) and investment labels’ which contains the FCA’s final rules and guidance to improve trust and transparency to the market for sustainable investment products.

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Multilateral development banks confirm support for work of the ISSB at COP28

30 Nov, 2023

At COP 28, currently held in Dubai, United Arab Emirates, the Asian Infrastructure Investment Bank, the European Investment Bank, the Inter-American Development Bank and the European Bank for Reconstruction and Development have confirmed their support for the work of the International Sustainability Standards Board (ISSB).

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ACCA publishes a new guide on sustainability reporting preparation

28 Nov, 2023

The Association of Chartered Certified Accountants (ACCA) has published a new guide 'Sustainability reporting - the guide to preparation' to help companies start to prepare for sustainability reporting.

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A4S publishes third edition of introduction to sustainability-related reporting

28 Nov, 2023

Accounting for Sustainability (A4S) has published the third edition of 'Navigating the Reporting Landscape'.

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Need to know — Areas of Focus for Corporate Reporting (November 2023)

13 Nov, 2023

This 'Need to know' sets out financial reporting issues that may be relevant in view of the current economic and geopolitical environment and also highlights areas of regulatory focus and recent changes in accounting standards. The topics contained within this publication will be relevant to all companies preparing annual reports and accounts as well as half-yearly reporters. This 'Need to know' should be read in conjunction with Closing Out 2022 and the Financial Reporting council’s (FRC’s) latest Annual Review of Corporate Reporting which contain additional topics for UK entities to consider including reporting expectations and areas of regulatory focus.

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GRI establishes 'Sustainability Innovation Lab'

09 Nov, 2023

The Global Reporting Initiative (GRI) has announced the upcoming launch of the Sustainability Innovation Lab (SIL), in partnership with the IFRS Foundation. Through the SIL, representatives of GRI, the ISSB and other key stakeholders will collaborate to identify emerging sustainability disclosure topics, developing concepts, best practices and data-driven solutions.

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FRC publishes report on "materiality mindset" for better corporate reporting

02 Nov, 2023

The Financial Reporting Council (FRC) has published a report looking at how companies can improve their corporate reporting by taking a more focused, strategic approach to assessing materiality.

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Need to know — TNFD publishes final recommendations for nature-related risk management and disclosure

31 Oct, 2023

This Need to know outlines the final recommendations for nature-related risk management and disclosure (Version 1.0), published by the Taskforce on Nature-related Financial Disclosures (TNFD) in September 2023. These recommendations aim to help businesses start measuring, managing and disclosing their nature-related impacts, dependencies, risks and opportunities

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ESMA publishes results of a fact-finding exercise on corporate reporting practices under the Taxonomy Regulation

29 Oct, 2023

The European Securities and Markets Authority (ESMA) has published a summary of findings of a fact-finding exercise on corporate reporting practices under the Taxonomy Regulation.

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Need to know — Transition Plan Taskforce publishes final disclosure framework on climate transition plans

25 Oct, 2023

This Need to know discusses the Transition Plan Taskforce’s (TPT) Disclosure Framework and implementation guidance. It also summarises the expected forthcoming consultations and next steps to introduce UK disclosure requirements related to transition plans.

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European Commission consults on delaying certain ESRSs

25 Oct, 2023

On 24 October 2023, the European Commission launched a two-month consultation on the postponement of the sector-specific European Sustainability Reporting Standards (ESRS) as well as the ESRS for third country companies.

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ESMA report on disclosures of climate-related matters in the financial statements

25 Oct, 2023

The European Securities and Markets Authority (ESMA) has a published report with examples of climate-related matters in IFRS financial statements.

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