Five global organisations, whose frameworks, standards and platforms guide the majority of sustainability and integrated reporting, announce a shared vision of what is needed for progress towards comprehensive corporate reporting – and the intent to work together to achieve it.
Climate Disclosure Standards Board (CDSB) released the CDSB Framework application guidance for climate-related disclosure (Climate Guidance). The release is the first in a series of guides on nature-related financial disclosure, with Water Guidance to follow early next year.
Natural capital disclosure is still in its nascence, despite the fact that businesses and their investors have already been exposed to its financial impacts. For the financial sector to be able to take natural capital into account, they need nature-related financial information from the businesses they invest in.
On 15 July, CDSB submitted its response to the European Commission’s public consultation on a renewed sustainable finance strategy. We have summarised the key points of our response.
ACCA, Accountancy Europe, Association of German Banks (BdB), CDSB, EFAMA, Frank Bold, IIGCC, Schroders, ShareAction, WWF have decided to form an informal group on Sustainable Finance. The group is used as a platform for collaboration and coordination and can serve in the future as a useful forum for further interactions with the EU institutions.
Current corporate reporting practices could fall short on delivering on the objectives of the European Green Deal and the 2050 climate neutrality target.
A four-year plan is currently underway by Climate Disclosure Standards Board (CDSB) in a bid to bring natural capital, including climate change, into the heart of financial decision-making.
