Sustainable Development and ESG
The scope of sustainable development is broader than ESG. It is a blueprint for achieving global development and involves resource balance within and between generations. The United Nations has published 17 Sustainable Development Goals to encourage activities.
Both sustainable development and ESG involve environmental and social aspects, but ESG has been directly related to enterprises and is a standard for measuring financial, environmental and social performance. Sustainable development favors all global stakeholders.
Sustainable Disclosures
Sustainable disclosure is a core concern for global regulators in ESG development. Currently, IFRS S1 and IFRS S2 issued by the International Sustainable Development Standards Committee have become the basis for designating sustainable information disclosure policies in multiple jurisdictions worldwide.
Sustainable disclosure is primarily based on climate change, as climate change is a material issue in environmental factors. Subsequent regulators will formulate policies for areas such as biodiversity, water and supply chain.
Chinese Ministry of Finance Releases Corporate Sustainability Disclosure Standards Climate Standard Exposure Draft
Chinese Ministry of Finance releases corporate sustainability disclosure standards climate standard exposure draft
International Sustainability Standards Board Releases IFRS S2 Exposure Draft
International Sustainability Standards Board (ISSB) releases an IFRS S2 exposure draft
Canadian Securities Administrators Announces the Suspension of Corporate Sustainable Disclosure Rules Development
Canadian Securities Administrators (CSA) announces the suspension of the development of corporate sustainable disclosure rules
Asian Development Bank Releases Report on ISSB Standards Applications by Asian Regulators
Asian Development Bank (ADB) releases a report on ISSB standards applications by Asian regulators
International Capital Market Association Releases Sustainable Fund Market Report
International Capital Market Association (ICMA) releases a sustainable fund market report
ISS ESG Releases New Sustainable Bond Rating Method
ISS ESG, the sustainable investment division of Institutional Shareholder Services (ISS), releases a new sustainable bond rating method
KPMG Releases Sustainable Board Compensation Report
KPMG releases a sustainable board compensation report, aimed at analyzing the application of sustainability standards
International Sustainability Standards Board Releases Jurisdictional Sustainable Roadmap Development Tool
International Sustainability Standards Board (ISSB) releases a jurisdictional sustainable roadmap development tool