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Climate-Related Risks & ASPE Financial Statements: Key Considerations for Private Enterprises

NewsFebruary 6, 20252KViews0Likes0Comments
As climate change continues to reshape global business operations, the Accounting Standards Board (AcSB) has issued new guidance on how private enterprises in Canada should assess and report climate-related risks and opportunities under the Accounting Standards for Private Enterprises (ASPE). The shift towards sustainability and climate resilience is becoming increasingly important for businesses, with financial reporting…

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EU Taxonomy Simplification: New Report by Platform on Sustainable Finance

NewsFebruary 5, 20252KViews0Likes0Comments
The Platform on Sustainable Finance, an advisory body to the European Commission, has published a new report outlining evidence-based recommendations to simplify EU taxonomy reporting and improve its effectiveness in fostering sustainable finance. The report, developed after consultations with investors, banks, insurers, corporates, SMEs, auditors, and consultants, identifies key areas for improvement, focusing on simplification, data…

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FERC and NERC Launch Review of Bulk Power System Performance During January Cold Snap

NewsFebruary 4, 20252KViews0Likes0Comments
The International Ethics Standards Board for Accountants (IESBA) has introduced the Global Ethics Sustainability Standards, a comprehensive set of guidelines designed to enhance the integrity and quality of sustainability reporting and assurance. The new standards encompass the International Ethics Standards for Sustainability Assurance (IESSA), revisions to existing sustainability reporting protocols, and a new standard on…

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IESBA Unveils Global Ethics Sustainability Standards to Strengthen Sustainability Reporting

NewsFebruary 3, 20252KViews0Likes0Comments
The International Ethics Standards Board for Accountants (IESBA) has introduced the Global Ethics Sustainability Standards, a comprehensive set of guidelines designed to enhance the integrity and quality of sustainability reporting and assurance. The new standards encompass the International Ethics Standards for Sustainability Assurance (IESSA), revisions to existing sustainability reporting protocols, and a new standard on…

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Europe Launches Competitiveness Compass to Drive Innovation, Decarbonisation, and Security

NewsFebruary 3, 20252KViews0Likes0Comments
Today, the European Commission introduced the Competitiveness Compass, a strategic initiative aimed at revitalizing Europe’s economic strength by providing a clear framework to guide the Commission’s efforts in enhancing the continent’s global competitiveness. The Compass outlines a roadmap for Europe to become the leader in developing future technologies, services, and clean products while striving to…

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IFRS Foundation Publishes New Guide on Climate-Related Disclosures

NewsJanuary 31, 20252KViews0Likes0Comments
The IFRS Foundation has released a new guide titled Applying IFRS S1 When Reporting Only Climate-Related Disclosures in Accordance with IFRS S2. The guide aims to assist companies in understanding how to report climate-related information using International Sustainability Standards Board (ISSB) Standards when applicable. This guide is part of the ISSB’s ongoing commitment to supporting the…

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Report Highlights Key Barriers to Green Investment as Climate Finance Gap Widens

NewsJanuary 30, 20251KViews0Likes0Comments
A new economic brief from the European Commission highlights three major barriers hindering green investments: legislative challenges, a lack of specialized skills, and operational hurdles. The paper outlines potential policy measures and market-based solutions to address these obstacles and accelerate the transition to a low-carbon economy. According to the report, climate finance reached $1.5 trillion in…

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IPSASB Develops First Climate Disclosure Standard for the Public Sector

NewsJanuary 29, 20251KViews0Likes0Comments
As climate change continues to pose global challenges, the need for coordinated action involving both public and private sectors has never been more critical. Addressing these challenges requires substantial investments and financial sustainability, yet public sector resources alone are insufficient to meet the growing demands of a low-carbon transition. Recognizing the vital role of capital…

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UK Government Announces Launch of Deposit Return Scheme (DRS) in October 2027

NewsJanuary 28, 20251KViews0Likes0Comments
Increased Recycling Efforts: The UK Government has officially announced the launch of the long-anticipated Deposit Return Scheme (DRS), set to begin in October 2027. This initiative aims to incentivize consumers to recycle single-use drink containers by offering financial rewards for returning empty plastic and metal bottles, ranging from 150ml to three liters. The scheme is…

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IAASB and IESBA Launch New Global Standards to Enhance Trust in Sustainability Reporting and Assurance

NewsJanuary 27, 20251KViews0Likes0Comments
The International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) today announced a significant step forward in the global efforts to strengthen sustainability reporting and assurance. The two boards have unveiled an integrated package of standards designed to advance transparency, trust, and accountability in sustainability information. This collaboration results…

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Aquaculture: A Double-Edged Sword for Ocean Health and Economic Potential

NewsJanuary 23, 20251KViews0Likes0Comments
Aquaculture: A Double-Edged Sword for Ocean Health and Economic Potential Aquaculture, often hailed as a solution to overfishing and food insecurity, has become a leading contributor to the declining health of the ocean. Across Southeast Asia, unsustainable practices in aquaculture have wreaked havoc on marine ecosystems. Shrimp ponds in Lombok, Indonesia, have destroyed mangrove forests…

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