All articles by Stephen Bouvier – Page 5
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NewsISSB to issue first reporting standards by July
The first sustainability reporting under the new standards will emerge early 2025
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NewsISSB grants concession on GHG emission reporting, FRC updates on ESG priorities
Information gathering challenges could also be relevant to other sustainability topics beyond GHG as the board develops its standards in the future
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FeaturesAccounting: Happy birthday to the ISSB
The International Sustainability Standards Board (ISSB) finds itself at a crossroads as it marks its first anniversary. On the one hand, it is redeliberating its first two sustainability standards and could finalise and issue them during the first half of this year.
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NewsISSB to finalise sustainability rules in February, tackles confidentiality concerns
The board is ‘very close to the objective of having made all substantive decisions’ about standards S1 and S2, says chair
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NewsISSB releases draft definition of ‘sustainability’ for new reporting framework
The description is intended to provide important context for companies applying the board’s new standards and making materiality assessments
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FeaturesAccounting: Long-haul climate change reporting
Shortly after the International Sustainability Standards Board (ISSB) tentatively confirmed that companies using its climate-reporting standard must disclose their Scope 3 greenhouse gas (GHG) emissions, board chair Emmanuel Faber took to Twitter, making the bold claim that the board was “rewriting economics”.
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ISSB agrees detail of Scope 3 emissions disclosure relief package
Temporary concession granted to help companies, as best practice continues to evolve
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ISSB requests further staff input on priorities for delayed agenda consultation
Board’s vice chair pledges feedback will be taken into account
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FeaturesAccounting: IASB risks annoying stakeholders
If nothing else, the appointment of Linda Mezon-Hutter to the International Accounting Standards Board promises to bring a much-needed breath of fresh air and dose of reality to the standard-setter’s sleepy proceedings.
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NewsISSB vice-chair clarifies reach of sustainability reporting standards
The board is responsible for setting ‘descriptive standards rather than prescriptive standards’, says Jingdong Hua
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NewsIOSCO working to endorse ISSB sustainability standards, chair hints
The ISSB is currently redeliberating its first two draft sustainability standards dealing with general disclosure requirements and climate reporting
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ISSB unveils support framework for emerging economies at COP27, tie-up with CDP
Emmanuel Faber reminded COP27 of main conference message: ‘the need for climate-related financial disclosures is increasingly urgent’
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NewsISSB targets climate-related scenario analysis, to consult on work plan in H1
Delaying the consultation from the end of this year as originally planned would ‘allow the ISSB to first reach decisions on key areas’
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IASB calls time on pensions, fair value disclosure project
Instead, board members are to develop proposals in March 2021 exposure draft for use by the board when drafting disclosure requirements in future
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FeaturesSingle versus double materiality: ISSB faces inconvenient truths
Climate change denial has been a tough ask this summer. Forest fires raged across Europe, part of a London suburb caught light, and hurricane-force winds left a trail of destruction in southern Austria. The doom loop was complete when falling river levels left France’s nuclear power plants battling to produce enough energy to meet the demand for cooling.
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ISSB to require businesses to report Scope 3 greenhouse gas emissions
‘I think it is really important that we have it on the public record that we are not just agreeing to (a) [and] (b) ‘cold’,’ says Sue Lloyd
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FeaturesIASB's management commentary project faces identity crisis
Any regular follower of the International Accounting Standards Board is probably familiar with a particular recurring nightmare. It starts with good intentions but spirals into shifting project goals, missed targets, and unquantifiable hours of wasted time. Perhaps you awoke during July to find yourself observing the board’s July discussion of its management commentary project.
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ISSB vice chair pledges adequate due process steps on sustainability standards
ISSB locked in a race to issue standards against backdrop of rapidly evolving marketplace for sustainability reporting
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NewsISSB chair highlights pressures on new board, staff report positive response to draft standards
Respondents ‘strongly welcomed’ the push to consolidate multiple sustainability reporting standards and frameworks
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Trade group calls on EU to exempt pension funds, asset managers from CSRD
PensionsEurope also wants to see more consideration given to avoiding duplication as a result of overlaps between different reporting regimes
