Archive

The conflict between double & single materiality is more a narrative than a reality - ISSB's Faber tells MEPs

Conflicts between ISSB & EFRAG standards can't be ruled out but there is a huge opportunity for alignment, he said

ACCA opens curtains on corporates' readiness for ISSB climate standard

ISSB to review IFRS S1 and S2 based on alignment with jurisdictions

Emmanuel Faber tells European Parliament

Technology to create alignment in sustainability disclosures

Rebuttable presumptions rebutted in comment letters to EFRAG

Concerns over the rebuttable presumptions approach to reporting in the draft European Sustainability Reporting Standards (ESRS) diluting the quality of reporting and overburdening entities was expressed in a number of comment letters sent to EFRAG.

ESRS: Key areas which need greater alignment with global standards

EPA gets $5m to improve corporate climate transparency out of Inflation Reduction Act

Sustainability, sustainability everywhere, Nor any drop to drink - according to IFAC's report

"A lot going on in sustainability reporting, but not good enough," IFAC's CEO Kevin Dancey says.

Corporates doubtful on ESRS compatibility with TCFD framework

One of the common criticisms levelled at EFRAG and the European Union is to not have openly embraced (unlike the ISSB) the TCFD's four pillars of reporting, but most corporate respondents to EFRAG's consultation said the proposed standards are TCFD compatible even if some would like greater alignment on terminologies.

Consultation respondents poke holes in building blocks approach but endorse ISSB standards as global baseline

If there is one area of agreement amongst all stakeholders who responded to the ISSB and EFRAG consultations is that they do not want to see emerge a fragmented sustainability reporting landscape, the feeling is potentially shared at both standard setters, yet their respective solutions do not gather unanimous support.