Tag: financial reporting

The macroeconomic environment is undoubtedly a focal point in today's discussions within wealth management, banking, and insurance sectors. However, the urgency of addressing climate...

In an era where corporate sustainability is no longer a choice but a necessity, it is crucial to secure top-level buy-in from executives and directors. This pivotal step ensures that sustainability is not just a fleeting topic, but a permanent fixture in corporate agendas. Understanding the significance of this, a comprehensive guide has been developed to assist sustainability professionals in navigating this challenge.

With the introduction of the Corporate Sustainability Reporting Directive (CSRD), companies are now required to disclose their sustainability performance. However, the European Financial Reporting Advisory Group (EFRAG) has acknowledged the challenges faced by small and medium-sized enterprises (SMEs) in meeting these requirements due to their limited resources.

As the clock ticks down to the adoption of the revised EMIR reporting standards in the EU (April 29, 2024) and the UK (September 30, 2024), understanding and complying with these expanded obligations is crucial.

In a recent post by Diligent, the company outlined some key details surrounding the International Sustainability Standards Board (ISSB).

A report by Workiva has found a lack of action amongst European companies as they prepare for the CSRD compliance by 2024.