Malaysian Institute of Corporate Governance (MICG)’s Post

The International Sustainability Standards Board (ISSB) launched its first two sustainability-related standards in June 2023, effective for annual reporting periods on or after Jan. 1, 2024. The standards could form the basis of a consistent #sustainability disclosure framework for companies and investors around the world. In this article, we survey the jurisdictions that have adopted or are in the process of adopting the standards. https://okt.to/SNXkA8 #ISSB

Sustainability Reporting in Singapore is keeping pace with international development. On 7 March 2024, Singapore Exchange Regulation (SGX RegCo) is consulting the market on details of how the International Sustainability Standards Board (ISSB) standards are to be incorporated into its sustainability reporting rules for climate-related disclosures, in line with the Sustainability Reporting Advisory Committee’s recommendations. SGX RegCo proposes that its listing rules be amended, and its Sustainability Reporting Guide encompass, the following:   1. From FY 2025, issuers should refer to both ISSB’s IFRS S1 and IFRS S2 in preparing climate-related disclosures, including any (permanent) structural and (temporary) transition reliefs; 2. Issuers should disclose Scope 1 and Scope 2 greenhouse gas (GHG) emissions and the measurement approach from FY 2025; 3. Issuers should disclose applicable categories of Scope 3 GHG emissions from FY 2026; 4. Issuers should disclose industry-based metrics and cross-industry metric categories relevant for climate-related disclosures; and The sustainability report should be issued according to current timelines in FY 2025; from FY 2026, it should be issued together with the annual report. This latest development supplement our Q1 BDO Global International Sustainability Reporting Bulletin. Watch this space for latest development! #sustainabilityreporting #bdo #bdosg

🌟 Upcoming webinar on the EU's Corporate Sustainability Reporting Directive from our ESG sub brand, Holtara 🌟 👉 Book your spot now: https://okt.to/xqTXZV The CSRD is a game-changer for companies within and outside the EU. With the reporting deadline looming, non-EU companies need to understand its implications. 🗓️ Date: August 13, 2024 ⏰ Time: 11:00 – 12:00 EST / 17:00-18:00 CET Join us as our experts delve into: A comprehensive overview of the CSRD Criteria for non-EU companies to assess their applicability and timing Early insights into best practices for CSRD compliance Don't miss out on this chance to stay ahead and ensure your company's CSRD compliance! #CSRD #ESG #Sustainability #Webinar #CorporateGovernance #EURegulations

#ISRB 2024/04: EU reporting - Overview of scope and requirements In 2024, the EU Corporate Sustainability Reporting Directive (#CSRD) will come into force for many companies. The directive significantly expands the scope of existing requirements to include some non-EU groups and sets out standards for sustainability reporting in line with the European Directive. #BDO ISRB Report 2024/04 summarizes the scope and requirements of the CSRD, helping organizations understand and prepare for the new standards. Find out more in the report https://lnkd.in/geTD68NA Please contact BDO in Ukraine at [email protected] if you have any questions or need further clarification. #SustainableDevelopment #CorporateReporting #BDOUkraine

The EU’s Corporate Sustainability Reporting Directive (CSRD) becomes effective for many entities in 2024. The CSRD significantly expands both the scope of existing requirements (including to some non-EU groups: although mandatory for EU-based organisations initially, CSRD is increasingly seen as the ‘gold standard’ for reporting and is being followed by many organisations) and the sustainability reporting requirements, which will be in accordance with European Sustainability Reporting Standards. BDO’s ISRB 2024/04 summarises the scope and requirements of the CSRD and has been updated to reflect clarifications provided in the CSRD FAQs released by European Commission on 7 August 2024. Read more here: https://lnkd.in/di_RW4Ut) Parag Patadiya, Muhammad Husnain Munawar & Aman Maheshwari #BDO #BDOUAE #CSRD #SustainabilityReporting #CorporateSustainability #ESGCompliance #SustainabilityStandards #FinancialReporting

🌟 Upcoming webinar on the EU's Corporate Sustainability Reporting Directive from our ESG sub brand, Holtara 🌟 👉 Book your spot now: https://okt.to/HWklpq The CSRD is a game-changer for companies within and outside the EU. With the reporting deadline looming, non-EU companies need to understand its implications. 🗓️ Date: August 13, 2024 ⏰ Time: 11:00 – 12:00 EST / 17:00-18:00 CET Join us as our experts delve into: A comprehensive overview of the CSRD Criteria for non-EU companies to assess their applicability and timing Early insights into best practices for CSRD compliance Don't miss out on this chance to stay ahead and ensure your company's CSRD compliance! #CSRD #ESG #Sustainability #Webinar #CorporateGovernance #EURegulations

🌟 Upcoming webinar on the EU's Corporate Sustainability Reporting Directive from our ESG sub brand, Holtara 🌟 👉 Book your spot now: https://okt.to/SHWjdr The CSRD is a game-changer for companies within and outside the EU. With the reporting deadline looming, non-EU companies need to understand its implications. 🗓️ Date: August 13, 2024 ⏰ Time: 11:00 – 12:00 EST / 17:00-18:00 CET Join us as our experts delve into: A comprehensive overview of the CSRD Criteria for non-EU companies to assess their applicability and timing Early insights into best practices for CSRD compliance Don't miss out on this chance to stay ahead and ensure your company's CSRD compliance! #CSRD #ESG #Sustainability #Webinar #CorporateGovernance #EURegulations

The UK government plans to adopt the International Sustainability Standards Board (ISSB) standards in the first quarter of 2025. These are a set of guidelines for companies disclosing sustainability-related information. They will affect listed businesses in the first instance, but the government will also decide on the disclosure requirements for other companies - taking into account the costs and benefits of the measures. For more information on the standards, what they are, how they will be implemented and the benefits read the full blog here: https://lnkd.in/ey3aD3vD #ISSB #sustainabilitydisclosures

🌟 Upcoming webinar on the EU's Corporate Sustainability Reporting Directive from our ESG sub brand, Holtara 🌟 👉 Book your spot now: https://okt.to/YBc8Lj The CSRD is a game-changer for companies within and outside the EU. With the reporting deadline looming, non-EU companies need to understand its implications. 🗓️ Date: August 13, 2024 ⏰ Time: 11:00 – 12:00 EST / 17:00-18:00 CET Join us as our experts delve into: A comprehensive overview of the CSRD Criteria for non-EU companies to assess their applicability and timing Early insights into best practices for CSRD compliance Don't miss out on this chance to stay ahead and ensure your company's CSRD compliance! #CSRD #ESG #Sustainability #Webinar #CorporateGovernance #EURegulations

🌟 Upcoming webinar on the EU's Corporate Sustainability Reporting Directive from our ESG sub brand, Holtara 🌟 👉 Book your spot now: https://okt.to/Vot8Cj The CSRD is a game-changer for companies within and outside the EU. With the reporting deadline looming, non-EU companies need to understand its implications. 🗓️ Date: August 13, 2024 ⏰ Time: 11:00 – 12:00 EST / 17:00-18:00 CET Join us as our experts delve into: A comprehensive overview of the CSRD Criteria for non-EU companies to assess their applicability and timing Early insights into best practices for CSRD compliance Don't miss out on this chance to stay ahead and ensure your company's CSRD compliance! #CSRD #ESG #Sustainability #Webinar #CorporateGovernance #EURegulations