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

ISSB (International Sustainability Standards Board) (blue) Image

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).

ACCA (UK Association of Chartered Certified Accountants) (lt green) Image

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.

Leaf - sustainability (green) Image

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'.

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

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.

GRI (Global Reporting Initiative) (green) Image

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.

FRC Image

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.

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

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

ESMA (European Securities and Markets Authority) (dark gray) Image

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.

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

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.

European Union Image

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.

ESMA (European Securities and Markets Authority) (dark gray) Image

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.

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.

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.