By: Katrina L. Berishaj, Sara P. Crovitz and Kevin O’Connell On March 20, 2023, President Joseph R. Biden issued his first presidential veto to reject the recent joint Congressional resolution that would have repealed the U.S. Department of Labor’s (DOL) January 2023 “ESG Rule.” Just a few days later, on March 23, the U.S. House of Representatives failed to override the veto, meaning that,…
What you need to know about the ISSB’s International Applicability of the SASB Standards project
The SASB Standards will support companies implementing S1: General Requirements for Disclosure of Sustainability-related Financial Information. As we discussed in our recent update on the role of the SASB Standards within the ISSB Standards, companies applying S1 will consider the industry-based SASB Standards for topics beyond climate, to help them identify their sustainability-related risks and opportunities and provide appropriate disclosures….
An update on progress post consolidation
On August 1, 2022, I published a letter here about the consolidation of the Value Reporting Foundation — home to the SASB Standards, Integrated Reporting Framework, and Integrated Thinking Principles — into the IFRS Foundation. That was a remarkable milestone in the journey to embed sustainability information into capital markets infrastructure. I’m now writing to update you on the progress we’ve…
Seven key takeaways from the IFRS Sustainability Symposium
On 17 February, more than 1,000 people from 45 countries convened in Montreal and online to discuss what’s next for investor-focused sustainability disclosure. Onsite in Montreal, the room was abuzz as businesses, investors, policymakers, regulators and other stakeholders engaged in meaningful discussion about the forthcoming standards from the ISSB. Read on for six key takeaways from the day’s sessions. 1….