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.
Global Reporting Initiative Releases Sustainability Taxonomy
Global Reporting Initiative (GRI) releases a sustainability taxonomy aimed at establishing a digital framework for sustainable information disclosure
IFRS Launches Free Sustainable Disclosure Courses
IFRS Sustainable Disclosure Courses IFRS launches free sustainable disclosure courses aimed at helping users understand how to apply IFRS S1 and IFRS S2. All courses
Australia Releases First Sustainable Finance Taxonomy
Australian Sustainable Finance Institute (ASFI) releases its first sustainable finance taxonomy
Alliance Bernstein Releases Sustainable Water Resource Management Investor Guide
Alliance Bernstein releases an investor guide for sustainable water resource management
IFRS Releases Report on the Application of ISSB Standards in Hong Kong
Report on the Application of ISSB Standards in Hong Kong IFRS releases report on the application of ISSB standards in Hong Kong, aimed at summarizing
IFRS Releases Report on the Application of ISSB Standards in China
IFRS releases a report on the application of ISSB standards in China
KPMG Releases Sustainability Disclosure Report for the Insurance Industry
KPMG releases a sustainability disclosure report for the insurance industry, aimed at analyzing the development of sustainable disclosure
International Finance Corporation Releases Emerging Market Green Bond Report
International Finance Corporation (IFC) of the World Bank Group and Amundi release a report on emerging market green bonds