"Sustainability Governance" News Archive

While the objectives of the CSRD and the ISSB overlap to some extent, notable differences define their operational methodologies.

The Corporate Sustainability Reporting Directive (CSRD) mandates companies to adhere to the European Sustainability Reporting Standards (ESRS), facilitating disclosure of social and environmental data as per updated regulations

The CSRD will revolutionize sustainability reporting, aligning it with financial disclosures by requiring comprehensive ESG reporting, necessitating a substantial expansion in disclosure scope regardless of previous practices.

Recent guidance from EFRAG aims to streamline a structured assessment process, echoing historical stakeholder engagement practices in assessing sustainability matters through a double-materiality lens.

The Fifth Circuit U.S. Court of Appeals has temporarily halted the SEC's new climate disclosure rule, signaling a pivotal moment in the debate over mandatory reporting of climate risks and GHG emissions by companies.

Riveron urges companies to enhance climate reporting capabilities following the SEC's new rule, noting the absence of Scope 3 emissions reporting compared to regulations in California and the EU, highlighting a unique regulatory environment for US firms.

As the EU prioritizes combating deforestation and promoting sustainable land use, CommonShare’s architecture transforms facility data management with secure access and geospatial precision, fostering transparency and collaboration among stakeholders.

The SEC has introduced new rules that aim to standardize climate-related disclosures, emphasizing Scope 1 and 2 greenhouse gas emissions.

Amidst the SEC's climate disclosure rule, Investor Relations Officers face heightened responsibility in managing reputation, ESG concerns, and financial communications to maintain stakeholder trust.

The evolving discussion on double materiality holds significant implications for accounting standards and finance, with the IFRS set to determine its direction before COP26, shaping the path towards a net-zero economy.