Anthesis (Australia)’s Post

This alignment between CDP and the IFRS Climate Disclosure Standard is a game-changer for sustainability reporting. Standardization is critical for ensuring that climate-related disclosures are meaningful and actionable. This move will undoubtedly help organizations improve the transparency and comparability of disclosures, ultimately leading to more informed decision-making across the board. Exciting times for the future of ESG! #Sustainability #ESG #ClimateDisclosure #CDP #IFRS #SustainabilityReporting

More updates on Sustainability and GHG reporting curtesy of ESG Today: The IFRS Foundation International Sustainability Standards Board (ISSB) has announced a series of initiatives aimed at harmonizing sustainability reporting requirements. This includes a focus on disclosing climate transition plans and measuring greenhouse gas (GHG) emissions across the value chain. Here's a breakdown of the key points: -The ISSB will take over responsibility for the Transition Task Force disclosure framework, providing a gold standard for companies to develop and report on their climate transition plans. -The ISSB signed an agreement with the GHG Protocol to ensure compatibility between their GHG reporting standards. This will benefit companies seeking to measure, manage and report on their GHG emissions. -The ISSB is also working with other organizations like CDP, GRI, and TNFD to further streamline sustainability reporting. These efforts will lead to a more efficient and effective sustainability disclosure system for capital markets. #sustainability #climateaction #ESG #reporting Full Article: https://lnkd.in/etxApfCE

🌍 📢 The ISSB has introduced new measures to standardize the reporting of company transition plans and carbon emissions in alignment with global environmental reporting standards: 💡 As part of their two-year plan, ISSB will collaborate with GHG Protocol to ensure harmonization of their standards. 💡 Additionally, the IFRS Foundation will oversee materials from the UK's Transition Plan Taskforce, aiming to establish the benchmark for private sector transition plans. 💡 These advancements, unveiled during London Climate Action Week, mark progress in streamlining international sustainability reporting through ISSB and IFRS Foundation to enhance transparency and comparability for stakeholders. Full Story: buff.ly/3Shv3IP #ClimateDisclosure #ISSB #SustainableFinance #CorporateReporting #ESG #TransitionPlan #Sustainability

The International Sustainability Standards Board (ISSB) is taking significant steps to standardize reporting on climate transition plans and greenhouse gas (GHG) emissions, as reported by ESG Today. This initiative aims to create consistent, comparable, and transparent climate-related disclosures, enabling stakeholders to make informed decisions. The new standards will help companies align with global climate goals and enhance accountability in their sustainability efforts. As regulatory frameworks evolve, businesses must adapt their reporting practices to meet these enhanced requirements.   Read more: https://lnkd.in/emWY3F_v   #ClimateReporting #GHGEmissions #Sustainability #ISSB Prof. Anish Sugathan | Prof. Chitra Singla | Prof. Abhiman Das | Prof. Naman Desai | Prof. Aditya Moses | Prof. Rama Mohana Turaga | Prof. Maya Ganesh | Prof. Saravanan A | Prof. Sunil Sharma | Prof. Vidya Vemireddy

Getting ready for mandatory climate reporting? Our Sustainability and ESG team has partnered with Finlaysons Lawyers to unpick the incoming Australian Sustainability Reporting Standards (ASRS) and what they mean for your business. The new standards are expected to be phased in from 2025, at which time businesses will need to start reporting on how they are mitigating and adapting to climate change. Both Scope 1, 2 (and subsequently Scope 3) emissions and climate risk adaptation are in scope. Our new paper 'A new era for Sustainability Reporting' explains: 🌱 What the ASRS is 🌱 Who will need to report  🌱 What does disclosure entail     At JBS&G - An Independent Accredited Environmental Consultancy, we help our clients understand and manage their climate change impact, risks and opportunities.    Read our new paper here: https://lnkd.in/gkRDfM9C #ESG #Sustainability #ClimateReporting #JBSG #ExceptionalPeople #ExceptionalOutcome

Are you ready for the changes to the Australian Sustainability Reporting Standards? Our experienced JBS&G - An Independent Accredited Environmental Consultancy Sustainability & ESG team is here to help with your sustainability reporting requirements. #Sustainability #SustainabilityReporting #ESG #ASRS

Its been interesting speaking to stakeholders and working with my colleagues here and at Finlaysons on this paper. The new Australian Sustainability Reporting Standards (ASRS) are going to help government but, ultimately, they will also help companies as the law brings clarity and consistency on what's expected on reporting/disclosure. ASRS alignment with IFRS also means mandatory company reporting here in Australia will be aligned with global market expectations, hopefully streamlining things for sustainability teams. #climatechange #climatereporting #ESG #sustainability #sustainableinfrastructure #sustainablemining #IFRS #ASRS

The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced today a series of moves aimed at aligning sustainability reporting requirements, with a focus on disclosure of corporate climate transition plans and the measurement of greenhouse gas (GHG) emissions across the value chain. Will standardising see greater transparency?

What's measurable is manageable. Reporting on climate change has been confused and dissipated by a wide range of competing reporting standards. Now, at last, the fog is clearing. To quote from ESG News (28 May 2024): "A growing number of jurisdictions are moving ahead with or considering measures to ensure global comparability in companies’ climate and other sustainability-related disclosures by relying on the global baseline established by the ISSB Standards.... Together, these jurisdictions account for: 🍃 nearly 55% of global GDP; 🍃 more than 40% of global market capitalisation; and 🍃 more than half of global greenhouse gas emissions." https://lnkd.in/gi_Zj82b On 4 June 2024 the Carbon Disclosure Project launched "a new platform, aimed at streamlining and easing sustainability reporting for companies and harmonising with emerging global standards. As part of the new launch, CDP unveiled a new questionnaire aligned with the IFRS Foundation’s International Sustainability Standard Board’s (ISSB) new climate disclosure standard, IFRS S2, as the foundational baseline for CDP’s climate disclosure. In 2023, a record of more than 23,000 companies disclosed through CDP, up 24% over the prior year, and representing companies worth $67 trillion, or more than 66% of global market capitalisation." https://lnkd.in/gk9ddH88 So, the corporate reporting world is starting to get it together, but there's still a long way to go yet... #reportingstandards #esg #esgadvisory #annualreporting #esgreport #esgconsultant

🇸🇬 Singapore will mandate climate-related reporting for listed and large non-listed companies starting in 2025. 🌍 The initiative, announced by the Second Minister for Finance, Chee Hong Tat, follows the International Sustainability Standards Board (ISSB) standards. The phased approach begins with listed companies in 2025 and large, non-listed companies with at least $1 billion in revenue and $500 million in assets by 2027. This effort aims to enhance companies' sustainability capabilities and access to sustainable capital, but they are not the only countries effecting change: ➡ Canada 🇨🇦 is implementing mandatory climate-related disclosures for financial institutions starting in 2024, with plans to extend the requirements across a broad spectrum of the Canadian economy. ➡ The European Union (EU) 🇪🇺 will require companies to disclose sustainability and climate information in stages, starting with companies already submitting non-financial reports in 2024, and gradually including large companies, listed SMEs, and non-listed companies with significant revenue or assets. ➡ New Zealand 🇳🇿 has mandated climate-related disclosures for large publicly listed companies, insurers, banks, and investment managers, with legislation taking effect in 2023 ➡ The United Kingdom (UK) 🇬🇧 has initiated mandatory climate-related financial disclosures for publicly traded securities, banks, insurance companies, and private companies with significant turnover and employees, aiming to cover the entire economy by 2025. ➡ The United States 🇺🇸 is phasing in mandatory climate disclosure requirements starting in 2024 for large accelerated filers, followed by other categories of filers in subsequent years. ➡ China, Egypt, and India 🇨🇳 🇪🇬 🇮🇳 have also introduced regulations requiring certain companies to disclose environmental and climate-related information, highlighting a global trend towards greater corporate accountability on climate issues. ➡ Australia, Hong Kong, and Serbia 🇦🇺 🇭🇰 🇷🇸 are among other nations moving towards mandatory climate risk reporting, with each country setting specific timelines and requirements for compliance. Read more ➡ https://lnkd.in/eqgfsawS International Sustainability Standards Board (ISSB) #carbonfootprint #carbonaccounting #carbonemissions #emissions #emissionsmanagement #sustainability #climateaction