Sustainability

Circular economy: What is it, and what role do finance professionals play?

In a world of finite resources, this business model is providing sustainable answers. Management accountants can evaluate where to get started and lead the way.

Analysis: Company valuations and climate strategies are poles apart

Investors want companies to show leadership on climate and transition plans, but the pressure to put profits first continues.

What COP26 commitments mean for accounting and finance

Climate goals need to be underpinned by clear plans and data. Accountants can play a leadership role in strategy formation and sustainability reporting.

COP26: What’s in the new climate agreement?

The pact covered fossil fuel subsidies, climate finance for developing countries, carbon markets rules, and more.

US-China climate deal lifts hopes as UN talks turn to dollars and cents

Draft conclusions call for more to be done on “climate finance” through grants rather than loans to developing nations.

COP26 a seismic moment for businesses on climate change

Financial firms’ pledges and the creation of a global standards body are among moves to boost sustainable business.

20 countries commit to halt financing of fossil fuels abroad

The agreement includes the US and Canada, but not China, Japan, and South Korea, which already have more limited commitments.

Prototypes provide clues on future sustainability disclosure requirements

The newly announced International Sustainability Standards Board may have standards ready to publish in the second half of next year. Prototypes offer a look at what might be included in the proposed and final standards.

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.

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 UN

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.

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.

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.

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.

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.

Europe’s carmakers face raw material bottleneck for EV batteries

There are plans to build around 50 battery plants in the EU, but a “disconnect” with a global lack of investment in raw materials extraction.

Sustainability

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