A bill introducing mandatory climate reporting for large and medium-sized companies passed the Australian Senate today, marking a major step towards the establishment of a new climate risk disclosure framework in the country. In a statement following the vote in the Senate, Australia Treasurer Jim Chalmers said: “These critical reforms provide investors and companies the clarity and certainty they need…
By: Jim Pelletier, Senior Product Manager at Wolters Kluwer TeamMate Environmental, Social, and Governance (ESG) data remains a fragmented challenge for most organizations. The breadth and depth of information required to support ESG reporting is commonly spread across multiple departments and maintained in different systems from simple documents and spreadsheets through databases and cloud-based solutions. These ‘data silos’ challenge even the…
A U.S. federal court has issued a ruling blocking new regulations in Missouri aimed at limiting the ability of financial professionals to integrate ESG considerations into their investment advice, finding that the regulation was vague and unconstitutional. The regulation, initiated by Missouri Secretary of State Jay Ashcroft, and passed in 2023, required securities firms and professionals to receive written consent…
Over two thirds of large companies in the U.S. have put in place dedicated budgets for sustainability reporting, and nearly all plan to increase spending on sustainability and compliance reporting, and would advance their sustainability efforts even in the absence of climate and sustainability regulations, viewing sustainability as a company value driver, according to a new survey by ESG and…