Gather London’s Post

Explore our monthly Gather Around Intelligence roundup💡 https://lnkd.in/eeFDX3qT The latest reporting updates, including: ▶ The IFRS Foundation's new International Sustainability Standards Board (ISSB) guide ▶ PwC's survey on board perspectives on ESG ▶ Climate Impact Partners' study on climate commitment trends ▶ Financial Reporting Council’s annual review of corporate reporting We’ve done the hard work, so you can stay informed without the hassle. Read the full findings here: https://lnkd.in/eeFDX3qT #ESG #ISSB #Climate #FRC #CorporateReporting

Climate-proofing the financial services industry is essential. Incorporating ESG considerations into financial services is not just a passing trend—it's about investing responsibly. It has become increasingly important for financial decision-making to include Environmental, Social, and Governance (ESG) factors. The way we invest and manage risks is changing quickly due to heightened awareness of climate change, new regulations, and changing preferences among consumers. More and more, stakeholders expect businesses to be responsible and sustainable. Therefore, it’s essential to understand why including ESG factors in financial planning is vital. Watch KPMG UK's Associate Director, Josh Holbrook and young leader, Imogen Bolton, to learn why integrating climate considerations into decision-making is crucial, discover best practices for climate risk assessments, and hear how KPMG is supporting this industry-wide transformation. #ESG #Climate #Bestpractise #FinancialService #CFO

🧐 GRI vs. SASB: Which Sustainability Reporting Framework is Best? A common question I encounter is, "What are the differences between GRI and SASB? Which framework is the best for sustainability reporting?" To be honest, there isn't a single "best" sustainability reporting framework globally. Each framework serves its unique purpose and offers different advantages. 🔍 Global Reporting Initiative (GRI) GRI is often the foundation for any company developing its sustainability report. It provides comprehensive guidelines on how to report various material issues, focusing more on qualitative descriptions and the broader impact of these issues. This makes GRI essential for setting up a robust, transparent sustainability reporting process. 🔍 Sustainability Accounting Standards Board (SASB) SASB, on the other hand, offers industry-specific metrics that align closely with financial institutions' requirements. It focuses on quantitative metrics, providing clear, comparable data that can be crucial for investors and other stakeholders. 🌍 The Best of Both Worlds Both GRI and SASB can be used concurrently to create a more comprehensive and solid sustainability reporting framework for an organization. By leveraging GRI’s detailed, qualitative insights alongside SASB’s industry-specific, quantitative metrics, companies can present a well-rounded view of their sustainability efforts and impact. In the end, the goal is to use these frameworks to enhance transparency, accountability, and drive meaningful sustainability outcomes for the organization and its stakeholders. #Sustainability #Reporting #GRI #SASB #CorporateResponsibility #ESG #SustainableBusiness

🌍 GRI vs. TCFD: Navigating Sustainability & Climate Disclosures 🌍 In today's rapidly evolving business landscape, sustainability and climate-related financial disclosures are becoming essential. Two prominent frameworks leading the way are GRI Reporting (Global Reporting Initiative) and TCFD Reporting (Task Force on Climate-related Financial Disclosures). How do they compare? 🟢 GRI Reporting takes a broader approach, focusing on Environmental, Social, and Governance (ESG) factors, helping companies communicate their overall sustainability impact to stakeholders like employees, customers, and NGOs. 📊 TCFD Reporting zeros in on climate-related risks and financial impacts, providing crucial insights for investors and financial markets. It's forward-looking, focusing on how climate change can affect your company's bottom line. Understanding the strengths of both frameworks helps businesses align their reporting strategies for better transparency and decision-making. 🔗 Interested in learning how to effectively integrate these frameworks into your sustainability strategy? Let's chat! #Sustainability #GRI #TCFD #ClimateDisclosure #CorporateResponsibility #ESG #SustainableBusiness

Sustainability made simple... Even if this diagram dates back to 2022, simplicity is not there yet as one might add today Science Based Targets initiative, Global Reporting Initiative (GRI) or Task Force on Climate-related Financial Disclosures (TCFD) and the IFRS Foundation sustainability initiative However, a jungle of labels is better than a desert. It's probably the only way to a shiny meadow. #CO2 #ESG #RSE Perfesco EDF S&P Global Moody's Ratings CDP Fitch Ratings Climate Disclosure Standards Board IFRS Foundation IFC Climate & Sustainability

It's #CDP time! Great news for the 75,000+ companies requested to disclose: CDP's 2024 questionnaire is aligned with IFRS S2, the ISSB's climate standard, as the foundational baseline for CDP's climate disclosure. CDP has also progressed critical alignment with other key standards such as the Taskforce on Nature-related Financial Disclosures (#TNFD) and the European Sustainability Reporting Standards (#ESRS), required by the #CSRD, harmonizing them in one questionnaire and dataset. CDP has also released great guidance on interoperability with IFRS S2, available here: https://lnkd.in/g3UhiXKb

Lately, there's been growing skepticism around ESG, which can feel exhausting for those dedicated to driving sustainable change. But here’s some #ESGGoodNews to celebrate! A New report by IFRS Foundation summarizing out global progress towards both mandated and voluntary corporate climate-related disclosures highlights some monumental progress 1. Global Adoption of ISSB Standards: Over 1,000 companies have already referenced the International Sustainability Standards Board (ISSB) in their reports, with 30 jurisdictions actively working to integrate ISSB standards into their legal and regulatory frameworks. 2. Scope 3 GHG Emissions: All 29 jurisdictions with finalized or proposed climate disclosure regulations are requiring Scope 3 emissions reporting, with some allowing transitional relief to ease compliance. 3. Industry-Specific Disclosures: 28 jurisdictions are prioritizing mandatory industry-specific disclosures, with only 2 jurisdictions initially considering these as voluntary. 4. Broadening Focus Beyond Climate: 90% of jurisdictions are moving toward disclosure requirements that encompass a wider range of sustainability-related risks and opportunities, beyond just climate risks. Source document: https://lnkd.in/gjHJ-FzB There isn't much that will stop collective momentum on climate action! Lets celebrate the wins! #climateaction

New regs? New opportunity to drive value. As mandatory Climate-Related Financial Disclosure regime approaches, FTI Consulting Australia's #ClimateReady team can help you map requirements, identify gaps, and conduct a readiness assessment so you can get out in front.

Comparison Matrix of Climate-related Disclosure Requirements Credits to David Carlin. Follow him for more sustainability insights. Original post: __________ A comparison of the US SEC rule, the EU's ESRS, and the International ISSB standards across their key elements! A great resource from the IFC - International Finance Corporation exploring materiality, implementation dates, scope, GHG reporting, and and assurance! Hope you find it helpful! __________ ♻️ Find this post useful? Feel free to share it with your network 📣 👉Follow Sustainability Infographics 📊 to learn from the industry's best visuals. #climate #sustainability #esg #esgreporting #sustainabilitystandards #issb #esrs #sec #tcfd #sustainabilitydisclosures #esgdata #interoperability #disclosure #materiality #climaterisk #sustainability

Mandatory climate-related financial disclosure is coming to Australia. Businesses should see this new regulatory requirement as an opportunity to use climate reporting to drive business value. Beginning now and taking small steps will help you to be ready when reporting becomes compulsory from 1 January 2025.   Our ClimateReady team can help you map reporting requirements, identify gaps in your reporting, and conduct peer benchmarking and an organisational readiness assessment. With an expansive range of capabilities and industry experience, we deliver authentic, impactful solutions tailored to your unique business needs and stakeholder priorities.   Click to read our article here – https://lnkd.in/gKhiAN5D Learn more about our ESG services on our website - https://lnkd.in/eMZi7_aV   #ESG #Sustainability #climatereporting