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

EFRAG (European Financial Reporting Advisory Group) (dk green) Image

Q&A platform launched to support ESRS implementation

25 Oct, 2023

The European Financial Reporting Advisory Group (EFRAG) has launched an ESRS Q&A platform that entities can use to submit questions to EFRAG regarding the implementation of the European Sustainability Reporting Standards (ESRS).

United Nations (UN) Image

ISAR 40 — presentations available

20 Oct, 2023

The fortieth session of the United Nations Conference on Trade and Development (UNCTAD) Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) was held in Abu Dhabi on 17 - 19 October 2023.

Book badge (green) Image

The Department for Energy Security and Net Zero launches call for evidence on Scope 3 GHG emissions reporting

20 Oct, 2023

The Department for Energy Security and Net Zero (DESNZ) has launched a call for evidence on Scope 3 greenhouse gas emissions reporting.

Document (green) Image

WBCSD publishes annual review of sustainability and integrated reports

20 Oct, 2023

The World Business Council for Sustainable Developments (WBCSD) has published its 2023 annual review of its member companies' sustainability and integrated reports.

IFRS Trustees meeting (blue) Image

IFRS Foundation Trustees meet in Panama to advance global financial standards

19 Oct, 2023

The IFRS Foundation Trustees have convened in Panama for the first time, emphasising the region's significance in shaping international accounting and sustainability standards.

Need to know — European sustainability reporting: European Sustainability Reporting Standards finalised Image

Need to know — European Sustainability Reporting Standards finalised

19 Oct, 2023

This Need to know 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

Leaf - sustainability (green) Image

TCFD publishes its 2023 status report

19 Oct, 2023

In October, the Task Force on Climate-related Financial Disclosures (TCFD) published its 2023 status report

European Union Image

EP votes on delaying or abandoning ESRSs

17 Oct, 2023

The European Parliament has voted on a motion that sought to delay or withdraw the European Sustainability Reporting Standards (ESRS).

FSB (Financial Stability Board) (lt green) Image

FSB publishes annual progress report on climate-related disclosures

12 Oct, 2023

The Financial Stability Board (FSB) has published its annual progress report on climate-related disclosures. The report has been delivered to G20 Finance Ministers and Central Bank Governors for their 11-12 October 2023 meeting.

Leaf - sustainability (green) Image

Transition plan Taskforce publishes its finalised Disclosure Framework and supporting guidance

11 Oct, 2023

The Transition Plan Taskforce (TPT) was established by the UK government in April 2022 with a two-year mandate to develop the ‘gold standard’ for climate transition plans. On 9 October, the TPT published its finalised sector neutral Disclosure Framework and supporting guidance.

Document (green) Image

California adopts legislation requiring climate disclosures

11 Oct, 2023

On 7 October 2023, the California Governor signed into law two state senate bills that collectively require certain public and private US companies doing business in California to provide both quantitative and qualitative climate disclosures.

FRC Image

FRC publishes findings on the quality of corporate reporting in 2022/2023

07 Oct, 2023

The Financial Reporting Council (FRC) has published its Annual Review of Corporate Reporting 2022/2023. The report sets out the FRC’s expectations for areas of corporate reporting that require improvement and highlights the ten most frequently raised topics where improvements to reporting quality are needed. The findings follow a review of 263 annual reports and accounts with weighting in favour of the FTSE 350. 

IFAC (International Federation of Accountants) (lt gray) Image

IFAC publishes study that expands insights into sustainability disclosure and assurance beyond the G20

26 Sep, 2023

The International Federation of Accountants (IFAC) has published a new study that expands its sustainability disclosure and assurance data to 20 additional jurisdictions beyond the G20 previously reported on.

IASB (International Accounting Standards Board) (blue) Image

IASB to move forward with project on climate-related risks

21 Sep, 2023

During its current meeting held in London, the IASB decided to explore ways to improve reporting of climate-related and other uncertainties in the financial statements.

Document (green) Image

TNFD recommendations on nature-related issues published

19 Sep, 2023

The Taskforce on Nature-related Financial Disclosures (TNFD), a global market-led initiative which aims to provide financial institutions and corporates with a complete picture of their environmental risks and opportunities, has delivered its framework for organisations to report and act on evolving nature-related risks.

Event (2014) (green) Image

Climate Week NYC will see launch of TNFD framework, discussion of ISSB standards

18 Sep, 2023

From 17 to 24 September 2023, Climate Week NYC will bring together policymakers, climate activists, civil society representatives, individuals, and CEOs from all over the world, for the largest annual climate event of its kind.

IOSCO (International Organization of Securities Commissions) (dark gray) Image

IOSCO will roll out extensive capacity-building programme on sustainability reporting

14 Sep, 2023

The International Organization for Securities Commissions (IOSCO) has released the transcript of a key note address given by Jean-Paul Servais, Chair of the IOSCO Board, at the Eurofi 2023 Financial Forum in Santiago de Compostela.

Governance in focus -- On the board agenda 2023: Autumn regulatory update Image

Governance in focus — On the board agenda 2023: Autumn regulatory update

13 Sep, 2023

This autumn, macro topics once again dominate, with boards focusing on forecasting demand and pricing, supply chain disruption, other input cost pressures and challenges in attracting and retaining talent. On top of these areas, there continue to be many moving parts in the governance landscape and reform agenda, and so this Autumn Regulatory Update is designed to meet two objectives: - provide a status update on the regulatory landscape boards need to navigate, and - help you set the agenda for the remainder of the year. We recognise that you have many important business topics on the agenda, but as you plan your board and audit committee agendas for the remainder of 2023 we hope you find this publication useful. To help you explore topics further we provide links both to Deloitte and external source materials.

G20 meeting (lt green) Image

G20 Leaders welcome issuance of ISSB standards

12 Sep, 2023

The G20 has issued final declaration following the G20 Leaders meeting held in New Delhi on 9–10 September 2023.

FSB (Financial Stability Board) (lt green) Image

FSB calls ISSB standards culmination of TCFD work

06 Sep, 2023

Ahead of their meeting on 9-10 September 2023, a letter of the Chair of the Financial Stability Board (FSB) was submitted to G20 Leaders outlining the work the FSB is undertaking on enhancing the resilience of the financial system to structural change.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.