In a landmark move, the EU Council and Parliament have established a provisional agreement on the new regulatory framework for Environmental, Social, and Governance (ESG) rating activities. This decisive step is anticipated to bolster investor confidence in sustainable products by enhancing the transparency and reliability of ESG ratings. ESG ratings…

MEPs Endorse Delay with a Focus on Quality and Transparency In a significant development on January 24, 2024, the European Parliament’s Committee on Legal Affairs (JURI) agreed to a proposal by the European Commission to postpone the adoption of specific sustainability reporting standards. This adjustment is aimed at sectors and…

As we navigate through 2024, it has become evident that this year is pivotal for the full-scale integration of Environmental, Social, and Governance (ESG) and sustainability principles into the corporate ethos. Companies across the board are now mandated to undertake a comprehensive overhaul of their governance, internal organisation, and their…

In a significant step towards streamlined sustainability reporting, the Global Reporting Initiative (GRI) and the IFRS Foundation have unveiled a collaborative effort that marks a milestone in corporate environmental accountability. The newly published “Interoperability considerations for GHG emissions when applying GRI Standards and ISSB Standards” offers a comprehensive guide for…

In a significant move towards a greener financial system, the European Securities and Markets Authority (ESMA) has unveiled its Sustainable Finance Roadmap for 2022-2024. This strategic document outlines ESMA’s vision and priorities in integrating sustainability considerations into the financial sector, marking a pivotal step in the European Union’s commitment to…

In an era where corporate responsibility is increasingly under the microscope, a landmark agreement has been reached between the Council and the European Parliament. This agreement, focusing on corporate sustainability due diligence, marks a significant step in ensuring that large companies are held accountable for their impact on both human…

The European Securities and Markets Authority (ESMA) recently responded to the International Auditing and Assurance Standards Board’s (IAASB) proposed International Standard on Sustainability Assurance (ISSA) 5000. This response is pivotal in shaping the future of sustainability assurance practices. ESMA’s Position ESMA’s feedback on the proposed ISSA 5000 standard reflects its…

Last year marked a significant milestone in the European Union’s journey towards sustainability and transparency, with the Commission adopting the European Sustainability Reporting Standards (ESRS). This initiative, integral to the European Green Deal, was established to enhance the reliability and comparability of sustainability information reported by large and listed companies.…

The United Arab Emirates (UAE) marked a triumphant conclusion to its participation in the 54th session of the World Economic Forum (WEF) in Davos, which took place from January 15-19, 2024. This prestigious event, a convergence of global leaders and decision-makers, served as a platform for the UAE to reinforce…

On the first day of the World Economic Forum (WEF), a significant historical moment unfolded in Davos GR, Switzerland, as it hosted a high-profile meeting. President Viola Amherd represented Switzerland, engaging in pivotal talks with EU Commission President Ursula von der Leyen in the evening. This meeting signified not just…