Daily ESG News

The IFRS Foundation has published new implementation guidance to help companies apply IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures). The guidance addresses common questions and provides practical examples for reporting entities.

The U.S. Securities and Exchange Commission has proposed new rules requiring public companies to disclose climate-related risks, greenhouse gas emissions, and transition plans. The proposal aligns with international standards and aims to provide investors with consistent, comparable climate information.

Over 500 major corporations have committed to setting science-based targets aligned with limiting global warming to 1.5°C. The Science Based Targets initiative (SBTi) reports significant progress in corporate climate action, with companies representing $14 trillion in market capitalization now committed to net-zero emissions.

The Taskforce on Nature-related Financial Disclosures (TNFD) framework is seeing rapid adoption, with over 200 organizations committing to report on nature-related risks and opportunities. The framework helps companies assess and disclose impacts on biodiversity and ecosystems.

The European Union's Corporate Sustainability Reporting Directive (CSRD) has officially entered into force, requiring approximately 50,000 companies to report detailed ESG information using European Sustainability Reporting Standards (ESRS). The directive significantly expands sustainability reporting requirements across the EU.

BlackRock, the world's largest asset manager, has announced a commitment to allocate $500 billion to sustainable investments by 2030. The move reflects growing investor demand for ESG-focused portfolios and the integration of climate risk into investment decisions.

A comprehensive study analyzing 10 years of data from 3,000 companies reveals a strong positive correlation between high ESG performance and superior financial returns. Companies in the top ESG quartile showed 15% higher returns on equity compared to bottom quartile performers.

New legislation in multiple jurisdictions now requires companies to report Scope 3 emissions from their supply chains. The regulations aim to increase transparency and accountability across value chains, pushing companies to engage suppliers in emissions reduction efforts.

The Global Reporting Initiative (GRI) has published updated standards incorporating feedback from stakeholders worldwide. The 2025 GRI Standards include enhanced guidance on human rights, biodiversity, and climate-related disclosures, maintaining alignment with other major frameworks.

A coalition of 15 major global banks has announced a $1 trillion financing initiative to support the clean energy transition. The initiative will provide capital for renewable energy projects, energy efficiency improvements, and green infrastructure development over the next decade.