The UK standards will aim to increase the comparability and value of reported information for investors. By Paul A. Davies, Michael D. Green, and James Bee The UK government announced on 2 August 2023 that it will develop standards for company sustainability disclosures in the UK by July 2024, leveraging the work of the internationally … Continue Reading
Following the publication of the ISSB Standards, the IFRS Foundation will take over monitoring of companies’ climate progress from 2024. By Paul A. Davies, Michael D. Green, and James Bee On 10 July 2023, the International Sustainability Standards Board (ISSB) and Financial Stability Board (FSB) announced that the IFRS Foundation (the organisation that founded the … Continue Reading
The public consultation seeks input on the priorities, strategic direction, and future work of the ISSB. By Paul A. Davies, Michael D. Green, and James Bee On 4 May 2023, the International Sustainability Standards Board (ISSB) launched a public consultation to seek input on its agenda priorities for a two-year period commencing in 2024. The … Continue Reading
The call highlights the challenges in developing alignment between global ESG reporting standards. By Paul A. Davies, Sarah Fortt, Betty M. Huber, Michael D. Green, and James Bee The European Central Bank (ECB) and the International Monetary Fund (IMF), two of the world’s leading public financial institutions have stressed the importance of consistency in global ESG-disclosure standards in a … Continue Reading
The second version includes guidance on metrics and how companies can conduct dependency and impact evaluation. By Paul A. Davies, Michael D. Green, Austin J. Pierce, and James Bee On 28 June 2022, the Taskforce on Nature-related Financial Disclosures (TNFD) released version 0.2 of its framework for nature-related risk and opportunity management and disclosure (the Framework). The announcement … Continue Reading
The move follows a number of similar standards that regulators and governments across the globe have proposed. By Paul A. Davies, Michael D. Green, and James Bee With effect from 1 June 2022, the Guidance for Enterprise ESG Disclosure (the Guidance), published by Beijing-based think tank China Enterprise Reform and Development Society (CERDS), is seeking to become the … Continue Reading
The two new bodies are expected to help harmonise standards in different jurisdictions to meet investor demand for comparable ESG information. By Paul A. Davies, Sarah Fortt, Nicola Higgs, Betty M. Huber, Michael D. Green, and James Bee On 27 April 2022, the International Sustainability Standards Board (ISSB) announced the formation of two bodies that it hopes will assist in providing … Continue Reading
The standards are part of a global initiative to consolidate sustainability disclosures to help investors assess the value of companies. By Paul A. Davies, Sarah Fortt, Nicola Higgs, Betty M. Huber, Michael D. Green, and James Bee On 31 March 2022, the International Sustainability Standards Board (ISSB) released exposure drafts of the first two IFRS Sustainability Disclosure … Continue Reading
Corporate reporting (including SEC developments), climate change, energy transition, supply chain management, and the mitigation of ESG-related litigation risk are expected to be the leading ESG themes of this year. By Paul Davies, Nicola Higgs, Sophie Lamb QC, Ryan Maierson, Colleen Smith, Michael Green, Edward Kempson, James Bee, and Anne Mainwaring As expected, 2021 saw … Continue Reading
The Glasgow conference was praised as a huge step forward in tackling climate change, but also drew criticism for not going far enough. By Jean-Philippe Brisson, Paul A. Davies, Michael D. Green, and James Bee Between 31 October and 12 November 2021, Glasgow hosted the 26th annual Conference of Parties (COP26) to the United Nations … Continue Reading
