TCFD, IASB frameworks endorsed; communique also calls for progress on impact, nature-based and beneficial ownership reporting.
Alignment of EFRAG and GRI reporting frameworks needs to emphasise impact on sustainable development, according to white paper.
Soon-to-be-launched TNFD and other frameworks offer investors and corporates much-needed direction on measuring nature-related risks.
Direction may not be known until the dust settles on the EU regulatory landscape, experts say.
Alberto Lopez Valenzuela, Founder and CEO, alva, says investors and corporates will benefit from a wider range of inputs into sustainability reporting.
Existing reporting frameworks don’t ask corporates to dive into the details, think tank says.
Business Responsibility and Sustainability Reports will contain disclosures on ESG risks, sustainability performance, environmental metrics and social factors.
Remaining asset owners and managers must submit their reports by October to make signatory list.
Investor group backs wider reach for UK corporate climate reporting, calls for disclosures to adhere to all 11 TCFD recommendations.
UK pension fund prioritises engagement on carbon disclosures after data availability constrains efforts to decarbonise portfolios.
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