Reporting News

1/24/24: EU Parliament Committee Backs Delay in Sector-Specific ESG Disclosure Rules

1/22/24: EFRAG Initiates Consultation on Draft Sustainability Standards for SMEs

1/26/24: GRI Updates Biodiversity Reporting Standards

1/8/24: A Federal Judge Allows Securities Industry and Financial Markets Association to Allege Missouri ESG Rules Usurp Federal Law

12/19/23: BlackRock Faces Lawsuit from Tennessee Alleging Violation of Consumer Protection Laws Over Alleged 'Misleading' ESG Statements

12/7/23: SEC Chair Gary Gensler Stresses Urgency of Establishing U.S. Climate Reporting Rules to Avoid Foreign Compliance for Companies

12/4/23: Commodity Futures Trading Commission Proposes Guidance on Listing Voluntary Carbon Credit Derivatives

11/28/23: Finance Giants Unite in Launching Impact Disclosure Taskforce

11/8/23: CDP and EFRAG Collaborate to Align CDP's Disclosure System with EU's European Sustainability Reporting Standards

10/30/23: SEC Chair Highlights Investor Support for Proposed Scope 3 Emissions Reporting by Public Companies

10/25/23: Brazil Mandates Annual Sustainability Reporting for Public Companies Aligned with ISSB Standards

10/5/23: Austrian Airlines Found Guilty of Misleading Customers with Ads on Carbon-Neutral Flights Using Sustainable Aviation Fuel

9/25/23: SEC Orders DWS Investment Management Americas to Pay $19 Million for Misleading Investors on ESG Practices

9/21/23: WSJ Pro Survey Reveals 56% Increase in Companies Disclosing ESG Information Year-on-Year

9/19/23: U.S. Treasury Introduces Nine Voluntary Principles to Guide Financial Institutions in Net Zero Commitments

9/19/23: TNFD Releases Final Reporting Framework to Assist Companies in Identifying and Mitigating Nature-Related Impacts

9/17/23: California Governor Newsom Set to Sign Two Major Climate Disclosure Bills

9/13/23: California Legislature Passes Landmark Bill Mandating Public Reporting of Greenhouse Gas Emissions by Over 5,000 Companies

9/6/23: EFRAG and GRI Collaborate to Enhance Reporting Efficiency with Joint Statement on Standards Interoperability

8/25/23: COP28 Identifies Water as Top Priority for December 2023 Conference

8/3/23: The UK government plans to introduce UK Sustainability Disclosure Standards (SDS)

8/2/23: The International Auditing and Assurance Standards Board (IAASB) has proposed a new standard, the International Standard on Sustainability Assurance (ISSA) 5000

7/25/23: The International Organization of Securities Commissions (IOSCO) has officially endorsed the new International Sustainability Standards Board (ISSB) sustainability and climate-related disclosure standards

7/24/23: India's Securities and Exchange Board (SEBI) has announced new rules for ESG funds, requiring them to invest at least 80% of their assets in securities aligned with their strategies and provide monthly ESG scores for holdings

7/20/23: The Australian Competition and Consumer Commission (ACCC) has released new draft guidance to improve the credibility of environmental claims made by companies and protect consumers from greenwashing

7/12/23: The IFRS Foundation will take over monitoring companies' climate-related disclosures from the TCFD (Task Force on Climate-related Financial Disclosures) starting next year

7/11/23: The European Securities and Markets Authority (ESMA) has released guidelines for sustainability-related disclosures in equity and non-equity prospectuses

7/7/23: Singapore's business reporting and regulatory authorities have proposed mandatory climate-related disclosures aligned with the International Sustainability Standards Board (ISSB) standards

6/26/23: The International Sustainability Standards Board (ISSB) has launched its first two finalized standards: S1 General Requirements for Disclosure of Sustainability-related Financial Information and S2 Climate-related Disclosures

6/15/23: The International Public Sector Accounting Standards Board (IPSASB) plans to develop a climate-related disclosure standard for governments, marking the first public sector sustainability reporting standard

6/13/24: The European Commission has unveiled measures to strengthen its sustainable finance framework, including proposals to regulate ESG rating providers and introduce new criteria for sustainable economic activities under the EU Taxonomy

6/12/23: The European Commission has proposed changes to the European Sustainability Reporting Standards (ESRS) to ease sustainability reporting rules

6/9/23: The Australian government has mandated its financial regulator to incorporate climate change-related risks and promote transparency concerning climate reporting standards

6/6/23: The UK Advertising Standards Authority (ASA) has banned ads from several energy companies due to concerns that they would mislead consumers about the companies' environmental impact

5/31/23: Nearly 300 financial institutions with a total of $29 trillion in assets call on major companies like Exxon, Chevron, and Caterpillar to disclose environmental data through the CDP environmental disclosure platform

5/30/23: The European Union has reached a provisional agreement to establish a European Single Access Point (ESAP) serving as a centralized online location for European corporate disclosures, including sustainability reports

5/24/23: The Science Based Targets Network (SBTN) has unveiled the first-ever corporate science-based targets for nature

5/22/23: The nations of the G7 Summit in Hiroshima, Japan, endorsed the International Sustainability Standards Board (ISSB)

5/14/23: A new MSCI report found that 35% of listed companies have disclosed at least some scope 3 emissions -- up 4% from around half a year ago

4/19/23: CDP announces launch of a system for companies to report on plastic-related impacts

4/5/23: International Sustainability Standards Board (ISSB) simplifies reporting requirements for the first year of reporting

3/15/23: CDP report shows almost 60% companies did not report on any Scope 3 emissions in 2022

3/13/23: European Supervisory Authorities (ESAs) and the European Central Bank (ECB) to encourage climate change-related disclosures for structured finance products

2/10/23: US Securities and Exchange Commission (SEC) considers adjustments to proposed climate risk disclosure rule

12/30/22: European Financial Reporting Advisory Group (EFRAG) draws up comprehensive reporting rules

12/21/22: International Sustainability Standards Board (ISSB) has grants companies an extra year to report on Scope 3 emissions

12/13/22: Climate Disclosure Project (CDP) releases its 2022 company scores for climate change, forests, and water

12/12/22: Australia plans to make the reporting rules mandatory for large entities

11/29/22: Hong Kong Stock Exchange encourages companies to plan for future climate disclosure requirements

11/28/22: Council of EU approves corporate sustainability reporting directive (CSRD)

11/23/22: Switzerland requiring climate disclosures for large companies and banks

11/23/22: How the EU’s new reporting rules apply to US businesses

11/16/22: European Sustainability Reporting Standards (ESRS) approved by European Financial Reporting Advisory Group (EFRAG)

11/10/22: New SEC rules will require more disclosure from mutual funds on ESG issues, executive pay, etc.

11/8/22: UK launches framework for companies to disclose net-zero transition plans

11/1/22: International Sustainability Standards Board (ISSB) will require climate-related scenario analysis

10/21/22: Reporting on Scope 3 emissions required under new ISSB standards

6/28/22: EU reaches preliminary agreement on the Corporate Sustainability Reporting Directive (CSRD)

6/22/22: Value Reporting Foundation and Climate Disclosure Standards Board to merge into International Financial Reporting Standards Foundation

6/17/22: Business Roundtable comes out against the SEC’s proposed climate disclosure rule

6/17/22: Comment letter from bipartisan securities experts on why SEC has legal authority to require public company climate disclosures

6/16/22: A discussion on how European and Global sustainable reporting standards may converge

3/23/22: CEO’s focusing on how to begin standardizing ESG reporting

3/21/22: SEC proposes public company climate risk and greenhouse gas disclosure rules

9/30/21: CalPERS, Carlyle and other private equity firms and pensions funds agree to standardize ESG reporting

6/9/21: IIRC and SASB merge into Value Reporting Foundation (VRF)

12/20: Five global reporting organizations publish a prototype climate-related financial disclosure standard

9/11/20: Five global reporting organizations announce a shared vision for comprehensive reporting