Insufficient funding for climate action can be an obstacle for small and medium-size enterprises, but the commitment worldwide to find a way continues to grow.
Also, the UKEB seeks UK stakeholders’ views on a recent exposure draft from the IASB, and the EU’s new “due diligence” rules address firms’ impacts on human rights and the environment.
As sustainability stewards, finance professionals can lead the shift to a “systems value perspective”, which first requires assessing a business’s ESG maturity.
The Securities and Exchange Commission rule applies to listed companies and foreign private issuers. Also, the FRC issued Corporate Governance Code guidance.
The IFRS Foundation’s Partnership Framework and Knowledge Hub are collaborative initiatives designed to help jurisdictions adopt the new global baseline for sustainability reporting.
Recent regulations pave the way to more consolidated reporting in the UK, but the percentage of assurance performed by accountants remains below average.
IPSASB issues exposure drafts on accounting for natural resources; FRC releases guidance for companies’ applying the revised Corporate Governance Code.
More than four in five companies in a global study offered ESG-related executive incentives in 2023, up from two in three companies just two years ago.
The latest Global Risks Report from the World Economic Forum ranks extreme weather as the risk most likely to present a material crisis on a global scale over the next ten years.
