ESG Reporting & Standards News | ESG & Sustainability | OneStop ESG

Hong Kong Introduces IFRS-Aligned Sustainability Reporting Standards

The Hong Kong Institute of Certified Public Accountants (HKICPA) has released drafts for new sustainability and climate-related reporting standards, fully aligned with the IFRS Foundation’s International Sustainability Standards Board (ISSB). These standards are proposed to be effective from August 2025. The initiative follows the Hong Kong government’s vision to develop a robust sustainability disclosure framework for companies, including financial institutions, aligning with global reporting practices. The HKICPA’s proposed standards, HKFRS S1 and S2, mirror IFRS S1 and S2, which were developed by ISSB to offer investors consistent information on companies’ sustainability risks and opportunities. A technical feasibility study conducted in June 2024 supported this alignment. HKICPA President Roy Leung highlighted that these standards will improve the reliability and comparability of sustainability data for investors, while ISSB Vice Chair Jingdong Hua emphasized the benefits of global consistency. The HKICPA is inviting public comments on the drafts until October 27, 2024.

$29 Trillion Investor Coalition Calls for Action on Climate Reporting

A coalition of investors managing $29 trillion urges global governments to implement mandatory climate reporting and tailored sectoral strategies to tackle climate risks effectively.

Worldly Debuts Product Impact Calculator to Simplify Scope 3 Emissions Reporting for the Consumer Goods Industry

FCA Provides Temporary Flexibility on Naming Rules for Sustainable Funds

Australia to Enforce Climate Reporting Requirements Beginning January 1, 2025

AWS and Accenture Enhance ESG Reporting and Data Management through AWS Sustainability Data Fabric

Understanding TNFD: A Framework for Managing Biodiversity Risk

The TNFD framework, inspired by the established Taskforce on Climate-related Financial Disclosures (TCFD), focuses on nature-related risks, aiming to bring the same level of rigor to biodiversity as TCFD has to climate. The TNFD is not just about compliance; it’s about enabling organizations to take proactive steps to identify and mitigate risks related to biodiversity loss and ecosystem degradation​

2024 Chartered Accountants IFRS Survey: CAs Highlight Climate, Digital, and Lease Reporting Trends

79% of Companies Now Obtain External Assurance Over Some ESG Metrics: KPMG

India Proposes Expansion of Sustainable Finance Framework in Securities Market

Standard Chartered Introduces ESG-Linked Cash Account

Microsoft Introduces New Tools to Simplify ESG Reporting and Enhance Sustainability Efforts