CDP’s Post

On 20 September 2024, the Australian Accounting Standards Board (AASB) approved the final Australian Sustainability Reporting Standards (ASRSs). These standards are closely aligned with the IFRS Sustainability Disclosure Standards issued by the ISSB, ensuring global consistency and comparability.   My colleagues from PwC Australiae have prepared a great article that: - Summarises the new Australian sustainability reporting requirements - Highlights differences from the exposure draft proposals, and differences from IFRS Sustainability Disclosure Standards that remain in the final standards - Details core mandatory requirements and reporting timelines - Shares practical steps for businesses to prepare, stay ahead, and ensure compliance https://lnkd.in/exJAikf6

Further to my post on Saturday.... the Australian Accounting Standards Board (AASB) finalised and approved the first two Australian Sustainability Reporting Standards (AASB S1 & S2) last Friday. To help organisations needing to get across the final requirements PwC have pulled together an article that summarises: - The new Australian sustainability reporting requirements; - Differences from exposure draft proposals; - Core mandatory requirements and reporting timelines; and - Some practical steps for businesses to prepare, stay ahead, and ensure compliance. Read more at: https://lnkd.in/gejQUgqc #Sustainability #Reporting #AASB #IFRS #PwCAustralia #PwC

📢 Hot off the press… The UK government has today published an update on next steps in respect of the UK Sustainability Disclosure Requirements (SDR) – including timings for endorsement of the ISSB standards, disclosure of transition plans, and the UK Green Taxonomy. The government said it will consult “shortly” on transition plan disclosures for the UK’s largest companies and “in due course” (sometime this year) on the Green Taxonomy. However, consultation on the UK-endorsed ISSB standards (which will be known as the UK Sustainability Reporting Standards (UK SRS)) will not happen until 2025. In any event, any changes would not take effect any earlier than for accounting periods beginning on or after 1 January 2026. 🔗 For more information, see our latest blog post. #UKSDR #transitionplans #UKgreentaxonomy

good summary for leaders who want to know what matters, in simple terms.

**Japan Releases Proposed Sustainability Reporting Standards Aligned with IFRS Foundation Framework** >>Japan's Sustainability Standards Board (SSBJ) unveiled draft standards for companies to report sustainability and climate-related information. >>These standards are based on global guidelines recently introduced by the International Sustainability Standards Board (ISSB), which operates under the International Financial Reporting Standards (IFRS) Foundation. >>The move follows Japan's trend of increasing sustainability disclosure requirements for listed companies, with regulators aiming to standardize reporting practices. >>The SSBJ's exposure drafts align closely with ISSB's standards but include some specific options tailored to Japan's jurisdiction. >>Feedback is being sought from stakeholders, with finalized standards expected to be published by March 2025. #sustainability #esg #esgnow #ifrs

The Australian Accounting Standards Board (AASB) has finalised the Australian Sustainability Reporting Standards (ASRSs) as of 20 September 2024. This marks a significant step forward in aligning with global sustainability practices, particularly the IFRS Sustainability Disclosure Standards, and offers businesses a unique opportunity to embed sustainability into their core strategies.   Explore PwC's latest article, where we: ·        Summarise the new Australian sustainability reporting requirements ·        Highlight differences from the exposure draft proposals ·        Detail core mandatory requirements and reporting timelines ·        Share practical steps for businesses to prepare, stay ahead, and ensure compliance   Read the full article here https://lnkd.in/gwTAzJV4   Additionally, on the 20 September, the International Auditing and Assurance Standards Board (IAASB) approved a new International Standard on Sustainability Assurance, ISSA 5000. The AUASB is working on a proposal for planned Australian adoption. #Sustainability #Reporting #AASB #IFRS #PwCAustralia #PwC

[LAST CALL] Institute workshop: Identifying material information and determining the value chain Since the International Sustainability Standards Board (ISSB) published the IFRS Sustainability Disclosure Standards (ISSB Standards) in June 2023, there has been growing interest among organizations seeking to understand their impact on current corporate reporting practices and to prepare for potential changes. As part of the Institute’s capacity building programme, a series of workshops will be held to enrich the sustainability reporting knowledge of members and stakeholders within the local business community.   The concepts of materiality and value chain serve as cornerstones in shaping the scope and determining the nature of sustainability-related information to be disclosed. In the first workshop (https://lnkd.in/gYWXenZV) on 12 November, speakers will discuss the reporting challenges, such as making materiality judgements, and share insights on practical applications through illustrative examples. #hkicpa #workshop

The Canadian Sustainability Standards Board (CSSB) has opened its public consultation (until June 10, 2024) on its proposed Canadian Sustainability Disclosure Standards (CSDS), which are aligned to IFRS S1 & S2 with Canadian-specific considerations. The proposed standards aim to set a new benchmark for the disclosure of sustainability-related information. Access the draft Standards in the link below. Next Steps? ➡ Public consultation open until June 10, 2024 ➡ CSSB to incorporate changes, if required ➡ Canadian Sustainability Disclosure Standards finalized ➡ Potential incorporation into Canadian Securities Administrators rule and legislation, making disclosures mandatory https://lnkd.in/gKgrCsvP

To get ahead is to read and evolve with times.

🌍📈 Big news for global sustainability efforts! The International Sustainability Standards Board (ISSB)'s new guide for adopting sustainability reporting standards is a major step forward. With over 20 jurisdictions, covering nearly 55% of global GDP, planning to incorporate these standards, the path to consistent and transparent sustainability disclosure is clearer than ever. This is a pivotal moment in building trust and confidence in sustainability reporting worldwide. #Sustainability #Reporting #GlobalStandards #TrustInTransparency #SustainabilityLeadership