Age discrimination is “one of the last socially acceptable prejudices” in the U.S., according to the American Psychological Association (APA). In fact, discriminating against people based on inaccurate and negative stereotypes about age is so ingrained in our workplace and broader culture in the US that it often goes unnoticed or ignored. While most large companies combat racial and gender…
Putting Plastics In Perspective
Plastics are everywhere – in the food and water we consume, on and in the ground, within lakes, streams, rivers and oceans and even in the air we breathe. The ubiquity of plastics is indeed terrifying when we consider the long-term environmental and health implications. And that plastics are not going away. The world now contains about 8.3 billion tons…
A Victory for ESG
While ESG is basically a mechanism to evaluate investment risk, various interest groups have weaponized the term to promote their specific agendas. Now nearly every policy proposal, regardless of validity, is dismissed without considering the long term implications of ignoring these recommendations. As such, the vast majority of ESG oriented shareholder resolutions proposed at most of the large and mid-sized…
Are markets ready for ISSB?
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…