The Financial Stability Board (FSB) has announced that it will create an industry-led disclosure task force on climate-related financial risks. The Task Force on Climate-related Financial Disclosures (TCFD) will develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to lenders, insurers, investors and other stakeholders. The first stage of work of the TCFD, expected to be completed by end-March 2016, will be to determine the objectives and scope of its work. The second stage, expected to be completed the end of 2016, will focus on delivering recommendations for voluntary disclosure principles. Please click for more information in the press release on the FSB website.

The US Sustainability Accounting Standards Board (SASB) has released an implementation guide providing structure and key considerations for companies seeking to implement sustainability accounting standards within their existing business functions and processes. The guide helps companies to select sustainability topics, assess the current state of disclosure and management, embed SASB standards into the financial reporting and management processes, support disclosure and management with internal control, and present information for disclosure. For more information, see the implementation guide on the SASB’s website.

Commissioned by the Dutch Ministry of Foreign Affairs, MVO Nederland (CSR Netherlands) has developed the CSR Risk Check aimed at companies who purchase internationally produced products, export products or produce abroad. The tool analyses the international corporate social responsibility (CSR) risks after a short input of product/service, country, and sector and groups them by kind of risk. The results with further analysis and suggested actions can be downloaded as a customisable PDF file. Please click for more information on the MVO Nederland website.