Also, global accounting bodies endorse revised principles for sustainable economic transformation, and the Global Reporting Initiative focuses on alignment of sustainability reporting practices.
An IFRS partnership is intended to accelerate the adoption of these standards across Latin America and the Caribbean. Also, the UK government unveils reforms to pension schemes.
Also, the IAASB revises auditing standard on going concern, and the IFRS Foundation looks to bring nature-related information into financial reporting.
Not surprisingly, the Corporate Sustainability Reporting Directive is driving how companies view climate risk. It’s also driving companies to a better understanding of related business opportunities.
The proposals include the removal of around 80% of companies from the scope of CSRD — described as a “backward step” by the Global Reporting Initiative.
A flexible four-stage process can help align investment decisions with the UN’s Sustainable Development Goals, using ESG indicators and companies’ knowledge.
The annual Edelman Trust Barometer shows that a higher sense of “grievance” leaves people more resistant to innovation and more likely to have an unfavourable view of business.
The IAASB and IESBA’s integrated framework aims to provide a unified, global approach to meet the growing demand for trustworthy sustainability information.
The designation is equivalent to “senior engineer” in the Chinese governing body’s qualification directory. Also, the FRC reviews climate-related reporting across companies.
The UK Sustainability Disclosure Technical Advisory Committee endorses the first two IFRS sustainability disclosure standards for use, with minor amendments proposed.
