Recent sustainability reporting developments

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17 Feb 2021

A summary of recent developments at ASCG, CDSB, CDSB/SSE, UNEP FI, and GRI.

The Accounting Standards Committee of Germany (ASCG) has published the results of a study of how companies comply with the reporting obligations on environmental, social and governance (ESG) aspects in connection with the requirements of the EU Non-Financial Reporting Directive (NFRD). The study included a horizontal study of 100 representatively selected companies and outreach events with participants from all stakeholder groups; it also includes  recommendations for action on the upcoming revision of the NFRD. Please click to access the study on the ASCG website.

Following the publication of guidance for integrating climate matters into financial reporting in December 2020, the Climate Disclosure Standards Board (CDSB) now welcome companies, preparers, accountants, the finance function and other stakeholders to join a two-part webinar on how to account for climate in financial reporting. Please click for more information on the CDSB website: Part one (25 February) and part two (11 March).

The CDSB also invites comments from multi-stakeholders on the CDSB Framework application guidance for water-related disclosures and how it can support the integration of material water-related information in corporate mainstream reports. Comments are requested by 1 March 2021. Please click for more information on the CDSB website.

A recording is available of a workshop held in the Baltic region on Enhancing Climate-Related and Environmental Disclosure. The worhshop was held jointly by the CDSB and the United Nations Sustainable Stock Exchanges (SSE) initiative. Please click to access the recording on the SSE website.

Ten UN Environment Finance Initiative (UNEP FI) members (financial institutions from banking, investment and insurance) have issued a statement calling for greater action on assessment, reporting and management of the physical risks of climate change, and asking policy makers to deliver mandatory disclosure requirements on climate risk. Please click to access the statement on the UNEP FI website.

Research into corporate transparency practices in Hispanic American capital markets has set a benchmark for the prevalence of sustainability reporting in the region. The study by the Global Reporting Initiative (GRI) involved all 762 listed companies in five countries – Argentina, Chile, Colombia, Mexico and Peru – and found that 37.5% produce a report. Please click for more information on the GRI website.


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