CDSB welcomes UK’s leadership in mandatory TCFD implementation
The UK’s consultation to implement the TCFD in its mandatory requirements means that it could be the first G20 country to implement the Task Force’s recommendations.
UK Government announces intention to mandate climate disclosure by large companies and financial institutions across the economy by 2025
CDSB welcomes mandatory implementation of climate risk disclosures using the TCFD recommendations across major sections of the UK economy by 2025
New Zealand becomes first to implement mandatory TCFD reporting
CDSB reaffirms its commitment to support New Zealand businesses and the market in implementing these new requirements.
Are we headed towards mandatory climate disclosure?
CDSB's Technical Director, Nadine Robinson, examines signals from Government and the finance community about the need for mandatory disclosure and potential pathways for inclusion in national legislation.
UK expects all listed companies and large asset owners to disclose in line with TCFD by 2022, commits to work with international partners to catalyse market-led action on nature-related financial disclosures
Ambitious goals are underpinned by collaboration with the private sector and initiatives to support implementation.
A Debate At The Oxford Union: Should FASB And IASB Set Standards For Nonfinancial Information?
On December 11, 2018, a debate will be held at the Oxford Union regarding the “Motion: This House believes that corporate sustainability reporting should be mandated, and standardised by FASB and IASB, for it to be most useful for investors.” It will be chaired by Lady Lynn Forester de Rothschild. In proposition are Paul Druckman, Ian Mackintosh, Sir Callum McCarthy, and Anne Simpson. In opposition are Jonathan Bailey, Bob Herz, Harvey Pitt, and Tom Quaadman. The debate is free and open to the public as space permits.
CDSB statement on the UK Environmental Audit Committee’s report
Today the UK Environmental Audit Committee released its latest report “Greening finance: embedding sustainability in financial decision making”, as a result of its Green Finance Inquiry into climate change reporting regulation.
Will Europe be first to adopt the TCFD recommendations?
On 31st January, the EU High-Level Expert Group on Sustainable Finance (HLEG) released its recommendations for Financing a Sustainable European Economy. This is a summary of and initial reactions to its recommendations around TCFD implementation.
Mandatory climate change disclosure in the G20: where are we at?
CDSB's Technical Manager, Nadine Robinson, explores the state of mandatory climate-related reporting in G20 countries following the release of the final TCFD recommendations report
Dummies guide to the new UK non-financial reporting requirements
Dr Jarlath Molloy, CDSB’s Technical Working Group member, offers some valuable tips on how companies can meet the new UK non-financial reporting requirements.
May newsletter: Breakfast invite, Australia is waking up to climate risk & more
CDSB's newsletter rounds up the key updates from our network and our most recent work
Australia is waking up to the financial risks of climate change
As Australia’s Senate, Prudential Regulator and Department of Environment and Energy have all looked at climate risk disclosure in the past months, Mardi McBrien shares her views on why climate risk is high on the country’s agenda and what can be done to take it to common market practice.
Non-financial reporting, stage two: changing human behaviour
Dr Jarlath Molloy, CDSB’s Technical Working Group member, writes about the real challenge companies face with the new requirements deriving from the EU Non-Financial Reporting Directive.
Navigating the new world of non-financial disclosure
A directive obliging UK companies to include environmental and other information in annual reports will make sustainability a bigger priority for business leaders and investors alike
The Reporting Exchange is live: helping you make sense of the sustainability reporting landscape
Are you wondering how to navigate the complexity of sustainability reporting? From today, you can use the new Reporting Exchange beta to help make sense of over 1,000 reporting requirements and resources on sustainability reporting from around the world.
EU Non-Financial Reporting Directive – how companies make the most out of it
From 2016, certain companies in EU Member States are required to report non-financial information in their management report, but what could this look like?
Fossil Fuel companies failing legal duty to report climate risk
Some fossil fuel companies are failing in their legal duty to address climate risk in their reporting, a group of non-profit organisations working in the financial and regulatory sphere said today.
European Parliament votes in favor of non-financial reporting in annual reports
CDSB welcomes the European Parliament decision on corporate reporting.
CERES recommends CDSB Framework as solution to cool response to SEC climate change reporting
Investor network concludes that SEC’s commitment to facilitating adequate climate disclosure does not reflect the increasing risks and opportunities posed by climate change for investors.
CDSB launches guidance to help comply with UK greenhouse gas reporting requirements
CDSB has launched new guidance aimed at UK quoted companies disclosing their Greenhouse Gas emissions (GHG) to comply with recent amendments to the UK Companies Act 2006 (Strategic Report and Directors’ Report).
Webinars show practical nature of CDSB’s Framework and how to conform to the new UK GHG reporting regulations
CDSB hosted two webinars designed to demonstrate the practical experience of using CDSB’s Framework. The presentations outlined the necessary steps to prepare the non-financial data to match the financial themes in a company’s annual report.
UK Greenhouse gas Emissions Reporting Legislation - A Practical Workshop
Friday 12 July 2013. The London Stock Exchange hosted, with CDP, a practical workshop on the forthcoming UK regulations on GHG emissions. Very timely, as the new UK regulations were approved by parliament on 17th July.
Mandatory greenhouse gas reporting passed UK Parliament, CDSB Reporting Framework method of compliance
17th July 2013: The UK parliament has today passed amendments to the Companies Act 2006, which will require all UK quoted companies (ie with equity shares listed on London Stock Exchange Main Market, NYSE or NASDAQ, or any EEA regulated market) to report greenhouse gas emissions in their Strategic or Directors’ Reports.
Proposed European legislation on non-financial reporting is an opportunity for the European economy
Group of European and international investors believe the legislation will help them by making more relevant information available.
UK Greenhouse Gas reporting: getting the most out of the mandate
Slides and recording of a webinar held to assist companies in making the most out of the upcoming UK GHG reporting regulations.
Europe urged to lead world on non-financial reporting
The European Commission has proposed that existing accounting legislation on environmental and social reporting be amended.
Upcoming changes in the UK Regulation Landscape
In April 2013, the UK Government will be introducing new additions to the Companies Act 2006 on reporting GHG emissions and information regarding environmental matters. For answers to questions and to find out how to make the most of the mandate, join our webinar on April 25.
UK proposed narrative reporting regulations response
CDP and CDSB support BIS’ objectives to provide clarity on narrative disclosure requirements and to streamline existing arrangements. However, we encourage BIS to define exactly meant by the words “business model” and “strategy”, as well as clarify whether the upcoming GHG reporting regulations qualify as compliance with the requirements outlined in this update.CDP and CDSB has reponded to the consultation on the draft update to narrative reporting requirements in the UK. Click here to download the full response.
Your questions answered on the upcoming UK GHG reporting mandate
Missed the webinar? Have a look at the slides and email us with further questions.
Joint CDP/CDSB consultation response on forthcoming UK GHG mandate
Joint CDP/CDSB consultation response to the proposed amendments to the Companies Act 2006.
Video: Getting answers to UK requirements on mandatory GHG reporting
Are you a UK Quoted Company? If so, a proposed UK regulation requiring disclosure of GHG emissions may affect the content of your annual report. Hear leading accountants and non-financial disclosure professionals discuss the draft law and get an introduction to the new requirements.