In a recent blog post, Mohini Singh, ACA, Director of Financial Reporting Policy at CFA Institute, points out that “.. demand for sustainability information continues to grow as businesses are increasingly focused on environmental, social and governance (ESG) issues. Investors need it in order to assess how companies are managing these questions and the impact […more]
Items tagged with "sustainability"
The Securities and Exchange Commission announced the appointment of Satyam Khanna in a new role as Senior Policy Advisor for Climate and ESG in the office of Acting Chair Allison Herren Lee. This new SEC position will focus on advising the agency on environmental, social, and governance matters, and to advance new initiatives across the […more]
Larry Fink, Chairman and CEO of BlackRock, published a letter to CEOs which included a section on “Why Data and Disclosure Matter”. He reiterates BlackRock’s support for SASB and TCFD standards; advocates a move to a single sustainability standard; encourages private, as well as public companies, to adopt these standards; and notes the importance of […more]
Finextra, an independent newswire and information source for the worldwide financial technology community, published an interview with Campbell Pryde, President and CEO, XBRL US, and Madhu Mathew, Director of Technology at the Sustainability Accounting Standards Board (SASB) in conversation with Richard Peers, founder of ResponsibleRisk Ltd. The discussion addresses financial and non-financial reporting, consolidation, standardization, […more]
XBRL International, on behalf of all 19 national jurisdictions, submitted a comment letter to the IFRS Foundation providing input to their Consultation Paper on Sustainability Reporting. The Foundation received 361 comment letters. The XII letter supported the proposed creation of a Sustainability Standards Board (SSB) which was outlined in the consultation paper. The XII letter […more]
Five framework- and standard-setting institutions have come together to make a commitment to working towards a comprehensive corporate reporting system for ESG standards. GRI, SASB, CDP and CDSB set the frameworks and standards for sustainability disclosure, including climate-related reporting, along with the TCFD recommendations. In September 2020, the group published a statement of intent. In […more]
The Securities and Exchange Commission’s Asset Management Advisory Committee published on December 1, 2020, the potential recommendations of its ESG (Environmental Social Governance) Subcommittee which focused on the adoption of standards for disclosures from issuers and for ESG investment products: Recommendations Regarding Issuer Disclosure of ESG Risks: The SEC should require the adoption of standards […more]
SEC Commissioner Allison Herren Lee gave a keynote presentation “The Promise of Structured Data: True Modernization of Disclosure Effectiveness” at the XBRL US Investor Forum: Ready for Anything – Using Data in Perilous Times. Her speech focused on the importance of data quality (and notes the contribution to quality improvements made by the XBRL US […more]
Hear from the Sustainability Accounting Standards Board (SASB), Wells Fargo Asset Management, Novo Nordisk and Telefonica, about the value of machine-readable ESG data for investment decisions.
Keynote remarks from Securities and Exchange Commissioner Allison Herren Lee at PLI’s 52nd Annual Institute on Securities Regulation on November 5, addressed “Playing the Long Game: The Intersection of Climate Change Risk and Financial Regulation“. Commissioner Lee noted in her talk: “… investors, asset managers responsible for trillions in investments, issuers, lenders, credit rating agencies, analysts, […more]