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The IFRS Foundation and Global Reporting Initiative (GRI) have adopted a formal agreement to collaborate and coordinate on the development of standards for sustainability-related disclosures. At COP26 we heard strong support for consolidation in the sustainability reporting landscape.
There continues to be controversy around whether a universal reporting solution is practical or feasible, whether ESG reporting should be mandatory, and if so, how it should be implemented. Despite these lingering questions, movements in the market are signaling the eventual formation of a “universal” ESG reporting standard.
Launched in November 2021 at the COP26 climate conference, the ISSB aims to develop IFRS Sustainability Disclosure Standards, in order to provide a global baseline of disclosure requirements that can be used by jurisdictions on a standalone basis or incorporated into broader reporting frameworks.
At COP26 in November 2021, CDL joined 44 companies worldwide to extend its pledge towards a net zero whole life carbon emissions approach. In February 2021, CDL became the first real estate conglomerate in Southeast Asia to sign the WorldGBC Net Zero Carbon Buildings Commitment.
At COP26 in November 2021, CDL joined 44 companies worldwide to extend its pledge towards a net zero whole life carbon emissions approach. In February 2021, CDL became the first real estate conglomerate in Southeast Asia to sign the WorldGBC Net Zero Carbon Buildings Commitment.
Finally, we had the Conference of the parties COP26, where countries and businesses increased their climate ambition. trillion in assets in 2020 ( Opimas LLC ). In 2022, standards harmonization and policymakers will push for mandatory ESG reporting to protect investors and influence corporate behaviour.
4 – Report progress. Your company should use existing formal reporting by using an integratedreport. The report should be aligned with broader climate-related reporting such as the Taskforce on Climate-Related Financial Disclosures (read TCFD article). Net-Zero timeline by SBTi. Conclusions.
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