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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Educational material on applying the IFRS for SMEs to climate-related matters

16 May, 2023

The IFRS Foundation has released a publication that shows how existing requirements in the IFRS for SMEs require companies to consider climate-related matters when their effect is material to the financial statements.

Need to know — UK government publishes Green Finance Strategy – Mobilising green investment Image

Need to know — UK government publishes Green Finance Strategy – Mobilising green investment

16 May, 2023

This Need to know discusses the UK government’s Green Finance Strategy - Mobilising green investment, published in March 2023.

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IPSASB guidance on sustainability programme information

10 May, 2023

In light of the urgent need for sustainability reporting guidance for the public sector, the International Public Sector Accounting Standards Board (IPSASB) has issued 'Reporting Sustainability Program Information — Amendments to RPGs 1 and 3: Additional Non-Authoritative Guidance'.

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Accounting roundup — April 2023

28 Apr, 2023

This Accounting roundup, covering the period January 2023 through to March 2023, pulls together the headlines for all the latest developments in accounting, providing links to a wealth of further information and resources.

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Interoperability, proportionality, flexibility

27 Apr, 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 Conference in Stockholm.

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Standard setters discuss connectivity

19 Apr, 2023

The International Forum of Accounting Standard Setters (IFASS) is currently holding its spring meeting in Norwalk, Connecticut. The meeting was started with a first discussion of connectivity between financial reporting and sustainability reporting.

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Finance for the Future Awards 2023 open for entries

11 Apr, 2023

Finance for the Future is a partnership between the Institute of Chartered Accountants in England and Wales (ICAEW), A4S and Deloitte and was founded in 2012. The awards are recognised globally, with past finalists in over 30 countries. The key ambition is to share best practice, drive awareness, inspire action and develop a community of finance leaders committed to tackling significant social and environmental issues.

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UK government publishes 2023 Green Finance Strategy

03 Apr, 2023

The UK government has published a new policy paper, Green Finance Strategy - Mobilising Green Investment (“the 2023 Strategy”), building on the previous Green Finance Strategy which was published in July 2019. The 2023 Strategy sets out the government’s updated plans for the UK to become the world’s first net zero-aligned financial centre, including five key objectives addressing UK financial services growth and competitiveness, investment in the green economy, financial stability, incorporation of nature and adaptation and alignment of financial flows with climate and nature objectives.

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TPR review into pension scheme climate reports finds areas for improvement and some good practice

29 Mar, 2023

The Pensions Regulator (TPR) has conducted a review of the first set of climate-related disclosures produced by occupational pension schemes under new regulations which came into effect on 1 October 2021 aimed at imprving governance and reportng of climate-related risks and opportunities.

Deloitte response to the survey on the need for GHG protocol corporate standards and guidance updates Image

Deloitte response to the survey on the need for GHG protocol corporate standards and guidance updates

22 Mar, 2023

In our response, we emphasise aspects of the GHGP for which we believe there is a need for greater consistency. In particular, we recommend that that the Corporate Standard should use terminology from widely-adopted financial reporting standards – notably IFRS Accounting Standards and U.S. GAAP, to the extent possible. We believe this is particularly important to promote connectivity of GHG emissions disclosures with financial reporting.

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EC tells EFRAG to concentrate on the implementation of Set 1 of the ESRS

22 Mar, 2023

On 22 November 2022, the European Financial Reporting Advisory Group (EFRAG) submitted its first set of draft European Sustainability Reporting Standards (ESRS) to the European Commission (EC) and began working on Set 2 of the ESRS, which would contain sector-specific standards. EFRAG has now been told to concentrate on providing additional guidance on how to apply the proposed standards in Set 1.

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Bases for conclusions on draft ESRS available

13 Mar, 2023

On 22 November 2022, the European Financial Reporting Advisory Group (EFRAG) submitted its draft European Sustainability Reporting Standards (ESRS) to the European Commission. The bases for conclusions to go with each proposed ESRS have now become available as well.

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Stay Tuned Online - March 2023

10 Mar, 2023

Stay Tuned Online is an online corporate reporting update, aimed at helping finance teams keep up to speed with narrative, governance and financial reporting issues. Each update lasts about an hour.

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We comment on the Transition Plan Taskforce consultation on private sector transition plans

08 Mar, 2023

We have responded to the Transition Plan Taskforce’s (TPT's) consultation on the proposed Disclosure Framework and Implementation Guidance.

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Deloitte comment letter on the Transition Plan Taskforce consultation on private sector transition plans

08 Mar, 2023

We have responded to the Transition Plan Taskforce’s (TPT's) consultation on the proposed Disclosure Framework and Implementation Guidance.

Need to know — European sustainability reporting — Worldwide reach of the Corporate Sustainability Reporting Directive – final text published in Official Journal Image

Need to know — Worldwide reach of the Corporate Sustainability Reporting Directive – final text published in Official Journal

07 Mar, 2023

This Need to know outlines the final text of the Corporate Sustainability Reporting Directive (CSRD), which has been published in the Official Journal of the European Union (EU Official Journal), following its adoption by the European Parliament and European Council, in December 2022.

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EFRAG series of videos on the first set of draft ESRS

06 Mar, 2023

On 22 November 2022, the European Financial Reporting Advisory Group (EFRAG) submitted its first set of draft European Sustainability Reporting Standards (ESRS) to the European Commission.

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G20 Finance Ministers and Central Bank Governors' statement notes ISSB progress

28 Feb, 2023

The G20 has issued a meeting summary of the First G20 Finance Ministers and Central Bank Governors meeting held in Bangalore on 24-25 February 2023.

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Investment Association issues publication setting out shareholder priorities for 2023

24 Feb, 2023

The Investment Association (the 'IA') has issued a publication setting out shareholder priorities for 2023.

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IPSASB event on public sector sustainability reporting

24 Feb, 2023

On 4 April 2023, the International Public Sector Accounting Standards Board (IPSASB), the International Federation of Accountants (IFAC), and Accountancy Europe will host an event 'Equipping the Public Sector for Sustainability Action: Advancing transparency, comparability, and accountability with sustainability reporting' in Brussels.

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