News
Sustainability standards: New global board marks big step forward
Efforts to establish reliable, consistent sustainability disclosures took a huge step forward Wednesday with the IFRS Foundation’s much-awaited announcement that it is creating a new International Sustainability Standards Board.UK Chancellor to set out requirement for firms to publish net-zero plans
The UK government is also to spend £576 million on initiatives to mobilise finance into emerging markets and developing economies.A COVID-19 effect: ERM’s perceived value grows
A global survey on risk management shows that, when compared against pre-pandemic sentiment, fewer organisations view ERM efforts as bureaucratic or yielding little value.Climate finance could make or break the COP26 summit. Here’s why
Vulnerable countries will need up to $300 billion per year by 2030 for climate adaptation alone, according to the UNChancellor’s UK Budget increases spending on skills, R&D
The Chancellor of the Exchequer Rishi Sunak announced an increase in public spending on R&D to £20 billion a year by 2024 and a total £3.8 billion increase in skills spending.FRC issues guidance on climate-related scenario analysis, reporting against TCFD
UK premium-listed companies will need to report against Task Force on Climate-related Financial Disclosures recommendations from the end of the year.UK regulator lists 10 areas for reporting improvement
The Financial Reporting Council said it will focus on companies’ reporting against new climate-related requirements in 2022.COP26: 5 things to watch for
Accounting and finance professionals can be prepared for developments in these areas to support their organisations’ climate-related targets.Nigerian startups digitise local food supply chain
Two rapidly expanding digital marketplace startups are working with lenders to provide credit to businesses on their platforms.Protecting your organisation against money laundering
This article discusses three techniques of laundering money through a business, and the indicators they might present to an accountant observing from within or without.How boards can combat pandemic-induced uncertainty
To face fallout from the lingering pandemic, boards are likely to prioritize five matters.Circular business model opportunity and risk for finance leaders
Circular economy models provide business opportunity in purchasing, production, and sales, with finance professionals having a pivotal role in their implementation.The only way is up: Corporate chiefs warn on prices
Multinational businesses are passing on their costs to consumers and predict that inflationary pressures will continue.More corporate directors agree action needed on board diversity
But many think diversity is driven by political correctness, with male directors more sceptical of diversity and inclusion efforts.UK government provides outline of reporting programme to combat ‘greenwashing’
Detailed information on scope and timing will follow after public consultation.Carmakers shift up a gear in race to go electric
Auto manufacturer stakes in battery makers and startup joint ventures are part of the new electric vehicle landscape.6 steps to become a finance data ‘translator’
Even if you’re not a programmer or a coder, you can be a strategic go-between in your organisation.UK’s FRC issues guidance for reporting under IAS 37: Provisions, Contingent Liabilities, and Contingent Assets
The review is aimed at helping investors understand the longer-term financial effects of climate change and other risks to companies’ prospects.SASB issues XBRL taxonomy to improve ESG reporting comparability
The XBRL taxonomy aims to simplify ESG reporting and improve data aggregation and analytics.
Read the latest FM digital edition, exclusively for CIMA members and AICPA members who hold the CGMA designation.