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 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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GRI publishes guidance documents on double materiality, due diligence and CSRD

28 Mar, 2024

The Global Reporting Initiative (GRI) has published three new documents titled 'Guides for Policy Makers'. The guides cover double materiality, due diligence and the Corporate Sustainability Reporting Directive (CSRD).

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FRC launches market study on UK sustainability assurance market

25 Mar, 2024

The Financial Reporting Council (FRC) has launched its first market study to examine the UK market for sustainability assurance services.

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Need to know — SEC adopts rule that requires climate-related disclosures

20 Mar, 2024

In March 2024, the SEC adopted a final rule that requires registrants to provide climate-related disclosures in their annual reports and registration statements. This newsletter explains the contents of the rule.

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Basel Committee urged to back ISSB standards

19 Mar, 2024

UK Finance, representing over 300 firms from the banking and finance industry, has used its response to Basel Committee’s climate risk Pillar 3 proposals to urge the Committee to back the ISSB standards to drive global consistency and comparability across all sectors in all jurisdictions to support the transition to a decarbonised economy.

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GHG Protocol releases draft summaries of Scope 3 Standard feedback

15 Mar, 2024

The Greenhouse Gas (GHG) Protocol secretariat has released a draft summary report providing a detailed overview of stakeholder feedback from a survey it conducted on its Scope 3 Standard. In addition, the secretariat has released a proposal summary giving an overview of proposal submissions related to the Scope 3 Standard.

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C&S annual report reveals increase in sustainability policies

12 Mar, 2024

Carrots & Sticks (C&S) has published the 2023 edition of its annual report, which presents a comprehensive assessment of environmental, social and governance (ESG) and sustainability policy worldwide. The report highlights the expanding nature of ESG and sustainability policies since 2020.

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SEC adopts rule that will require entities to disclose climate-related information

06 Mar, 2024

In a public meeting held today, the US Securities and Exchange Commission (SEC) has voted to adopt a rule titled 'The Enhancement and Standardization of Climate-Related Disclosures for Investors'.

Deloitte comment letter on GRI Topic Standard Project for Climate Change — 'Climate Change' and 'Energy' exposure drafts Image

Deloitte comment letter on GRI Topic Standard Project for Climate Change — 'Climate Change' and 'Energy' exposure drafts

05 Mar, 2024

Deloitte Touche Tohmatsu Limited welcomes the opportunity to respond to the 'Climate Change' and 'Energy' exposure drafts (EDs) issued by the Global Reporting Initiative’s (GRI) Global Sustainability Standards Board (GSSB). There is increasing focus by stakeholders on the actions being taken by entities to support commitments made to address climate change. We agree, therefore, that the matters addressed in the EDs should be reflected in the GRI Standards.

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EFRAG publishes second set of technical explanations on ESRSs

01 Mar, 2024

EFRAG (formerly European Financial Reporting Advisory Group) has published the second set of technical explanations to assist stakeholders in the implementation of the European Sustainability Reporting Standards (ESRSs).

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