A recent study by Microsoft and Kyndryl highlights a significant gap in leveraging technology for sustainability, with only 21% of organizations reportedly using tech to reduce their carbon footprints and drive sustainability strategies. Despite 84% ...

A recent report from the Financial Stability Board (FSB) reveals that 80% of global financial regulators are now aligned with the International Sustainability Standards Board (ISSB) and Task Force on Climate-related Financial Disclosures (TCFD) recom...

At COP29, CDP and EFRAG announced substantial interoperability between CDP's questionnaire and the European Sustainability Reporting Standards (ESRS). This collaboration aims to alleviate the compliance burden on companies while enhancing alignment w...

The U.S. Securities and Exchange Commission (SEC) has imposed a civil penalty of $17.5 million on Invesco Advisers, Inc. for making misleading claims regarding the integration of Environmental, Social, and Governance (ESG) factors in its asset manage...

Only 16% of the world's largest companies are on track to achieve net zero emissions by 2050, according to Accenture's recent report "Destination Net Zero." While 52% of these companies have successfully reduced both their carbon emissions and intens...

The Corporate Sustainability Reporting Directive (CSRD) is set to affect a significant number of companies in 2024, expanding the scope of sustainability reporting. The directive now includes not only large EU-based companies but also non-EU parent c...

On September 26, 2024, the European Commission issued formal infringement procedures against 17 EU Member States for failing to fully implement the Corporate Sustainability Reporting Directive (CSRD) by the July deadline. This delay could create unce...

The European Commission has heard your concerns and extended the deadline for adopting sector-specific European Sustainability Reporting Standards (ESRS) by two years, from mid-2024 to mid-2026. This provides valuable breathing room to focus on compl...

Update: France has integrated the provisions of CSRD into national law, with enhanced reporting requirements now part of the legal framework since December 2023. Companies should be prepared for more stringent and harmonized reporting obligations fol...

The sector-specific industry regulation rollout, previously set for 2024, is now expected to take place in 2026. This delay gives privately held corporations as well as publicly traded organizations—including those trading within the EU from outside ...

There has been a proposal to delay the adoption of sector-specific standards under CSRD until June 2026. This delay will allow the European Financial Reporting Advisory Group (EFRAG) additional time to develop new standards and ease regulatory burden...

The European Commission (EC) is aiming to reduce the reporting burden by 25% and is considering measures such as postponing the adoption of sector-specific ESRS and adjusting the size criteria for micro, small, medium-sized, and large undertakings or...

The final ESRS has been approved and is applicable from January 1, 2024. This means organizations now need to start collecting data to comply with the Corporate Sustainability Reporting Directive (CSRD) in their next non-financial reports. The ESRS f...