ISSB Approves First Two Sustainability Disclosure Standards, and the Time Is Now for Jurisdictions to Act
At a Glance: The ISSB has released the first sustainability disclosure standards. They’re voluntary, but wide adoption is expected among IFRS reporters around the globe. The standards focus on climate disclosures, targets and metrics, initially through ISSB S2. IFRS reporters will benefit from complying with any applicable European Sustainability Reporting Standards first because of their […]
M&A Value Plays: Fast, Deep and in Control
M&A activity may spike favorably this year in the tech sector, and fintech may not be far behind. Yes, but: It’s important to strike the right balance between deal-making speed and due-diligence depth due to increased board scrutiny and other factors. What’s next: While this is a decidedly abbreviated list, due diligence teams should: Use […]
How Insurers Can Prepare for NAIC Climate Risk Disclosure Compliance
The big picture: The National Association of Insurance Commissioners (NAIC), the standard-setting body for the U.S. insurance industry, recently updated its Climate Risk Disclosure Survey to include 22 new binary (i.e., yes-no) questions focusing on risk management. In July, the NAIC will email applicable insurers the Reporting Year 2022 Climate Risk Disclosure Survey, which must […]
Regulations and Demand for Accountability Set the Tone for the Future of ESG Disclosures
The big picture Recent ESG regulations from across the globe are changing the game for sustainability. The global regulatory picture is anything but simple; companies may be subject to multiple regulations. Stakeholder demands, regardless of the status of regulations, continue to increase and evolve. A pragmatic approach based on materiality of issues is the best […]
COSO Issues Supplemental Guidance on Internal Control Over Sustainability Reporting — With Examples
Last Thursday, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released interpretive guidance on how to effectively apply the 2013 Internal Control — Integrated Framework (ICIF) — which is currently applied to financial reporting — to sustainability reporting. The guidance results from a project approved by the COSO board a year ago with […]
Biodiversity Reporting Requirements Have Arrived. Is Your Firm Ready?
Our planet is at a crossroads. In addition to the well-documented climate crisis, the Earth’s biodiversity confronts a threat unprecedented in human history. An estimated one million species face extinction within the next few decades, per the International Union for Conservation of Nature’s Red List of Threatened Species. The global economy is highly dependent upon nature’s […]
