The launch of the first set of ISSB Standards on 26th June 2023 marked one of the first endeavors towards establishing a global baseline in sustainability reporting. Read the full article here.
Beyond 1.5°C
Much public discussion over the past few weeks has suggested that a key objective of the Paris Climate Agreement, only seven years old, has already been broken. Read the full article here.
ESG Policy Digest: June
With the 30th June SFDR PAI reporting deadline looming, June 2023 has proven to be a decisive month for the evolution of ESG regulation globally. In a bold move to combat climate change and foster sustainable practices, the European Commission has unveiled a groundbreaking sustainable finance package. This comprehensive set of measures encompasses crucial regulations targeting ESG ratings providers while…
ISSB issues global inaugural IFRS Sustainability Disclosure Standards, updates SASB Standards
The International Sustainability Standards Board (ISSB)’s inaugural standards—IFRS S1 and IFRS S2—mark the beginning of a new era of sustainability-related disclosures in capital markets worldwide. The ISSB Standards will help to improve trust and confidence in company disclosures about sustainability to inform investment decisions. And for the first time, these Standards create a common language for disclosing the effect of…
The next ESG reporting challenge
In this latest ESG Quick Takes podcast episode, ESG Book’s Isabel Verkes speaks to Tata Consultancy Service’s Navin Rauniar about how multi-sector and emerging market companies approach ESG differently. How can sustainability data be more standardized? What are the limits to that standardization – given the different business environments across the globe? Nav shares his observations, including those based on…
What you need to know about the new S1 and S2 ISSB Standards 🌳
On 27 June 2023, under the IFRS Foundation (International Financial Reporting Standards), the ISSB (International Sustainability Standards Board) released the S1 and S2 reporting standards.
Surprise Package
On 13 June 2023, the European Commission unveiled its latest sustainable finance package which covers crucial aspects of environmental, social and governance (ESG) regulation in the EU including the EU Taxonomy, ESG ratings, and transition finance. Prior to the release of the package, the ESG ratings industry had been put on notice as policy action for increased oversight had been…
Scope 3
Awareness around the benefits and challenges of measuring Scope 3 emissions – those connected with a company but not produced as a result of their own direct operations or energy consumption – has grown rapidly over the past year. This article demonstrates how Scope 3 emissions are essential in determining who is at the forefront of the race to net-zero,…
Biden Vetoes Anti-ESG Measure
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….