The IFRS Foundation and the Global Reporting Initiative (GRI) have reaffirmed their commitment to aligning sustainability reporting standards, aiming to reduce disclosure complexity and improve interoperability for organizations reporting under multiple frameworks. The collaboration focuses on strengthening alignment between the International Sustainability Standards Board (ISSB) standards and GRI Standards, helping organizations streamline sustainability disclosures while…

The European Commission has released proposed ESRS revisions to the European Sustainability Reporting Standards (ESRS) along with a new voluntary sustainability reporting standard aimed at reducing complexity, lowering reporting burdens, and improving accessibility for companies outside mandatory CSRD scope.   The proposals form part of the EU’s broader Omnibus simplification initiative focused on streamlining sustainability compliance…

The International Organization for Standardization and Greenhouse Gas Protocol are advancing a joint effort to develop a unified product-level GHG accounting standard, addressing long-standing challenges around fragmented frameworks. What’s Changing? Joint Working Group (JWG) Established A global expert group has been formed from over 450 applications across 50 countries, reflecting strong demand for consistency…

The Switzerland sustainability reporting law is evolving with new proposals from the Swiss Federal Council, introducing enhanced sustainability reporting and due diligence requirements aligned with key EU frameworks such as the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD). This proposed framework, part of the Federal Act on Sustainable Corporate Governance…

Overview Boursa Kuwait has released the 2026 Edition of its ESG Reporting Guide, aimed at supporting listed companies in disclosing their environmental, social, and governance (ESG) practices and performance in a clear, consistent, and transparent manner. The updated guide reflects recent developments in ESG reporting both locally and globally and is aligned…

The European Financial Reporting Advisory Group (EFRAG) has introduced an interactive online version of the draft simplified European Sustainability Reporting Standards (ESRS), marking a significant step in making sustainability reporting more accessible, navigable, and implementation-ready for organizations. This development builds on EFRAG’s broader effort to simplify ESRS under the EU’s CSRD framework, while…

California regulators are evaluating a phased implementation strategy for Scope 3 greenhouse gas (GHG) emissions reporting, acknowledging the complexity involved in capturing value chain emissions at scale. This development is part of the broader rollout of the state’s climate disclosure mandates, which are expected to significantly impact large organizations operating in or with exposure…

Japan has taken a major step toward global sustainability reporting alignment by mandating ISSB-aligned sustainability disclosures for major listed companies. The country’s Financial Services Agency (FSA) has finalized new rules requiring large companies listed on the Tokyo Stock Exchange (TSE) Prime Market to report sustainability information using standards issued by the Sustainability…

California’s corporate climate disclosure framework has reached a major milestone. The California Air Resources Board (CARB) has officially approved the implementing regulations for SB 253 (Climate Corporate Data Accountability Act) and SB 261 (Climate-Related Financial Risk Act), confirming that corporate climate reporting will soon become a formal compliance requirement for many…

The Securities and Exchange Board of India (SEBI) has set up a working group to examine the current regulatory framework applicable to ESG Ratings Providers. This follows SEBI’s earlier introduction of regulatory oversight for ESG ratings providers through its 2023 Master Circular. The regulator stated that the review has been initiated after receiving input from…

Summary The UK’s FCA (Financial Conduct Authority) Proposes IFRS‑Aligned Sustainability Reporting Requirements for Companies Beginning 2027, ESG Today consultation has been launched by the UK Financial Conduct Authority (FCA) to overhaul sustainability reporting for UK listed companies. Key Details The FCA is proposing to replace existing TCFD-aligned climate reporting rules with…

The Philippine Securities and Exchange Commission (SEC) has formally adopted the Philippine Financial Reporting Standards (PFRS) on Sustainability Disclosures, introducing mandatory sustainability and climate-related reporting requirements for large and listed companies in the Philippines. The new standards are based on the International Sustainability Standards Board (ISSB) framework issued by the IFRS Foundation…