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The 5 Main Challenges of ESG Reporting and Best Practices

Environmental, Social, and Governance (ESG) reporting has become a critical aspect of corporate transparency, enabling businesses to showcase their commitment to sustainability, social responsibility, and ethical governance. With investors, regulators, and consumers demanding greater transparency, organizations are under increasing pressure to integrate ESG considerations into their corporate strategies and financial disclosures. While ESG reporting presents significant…

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Canada Delays Climate Disclosure Rules for Banks & Insurers

Canada’s financial regulator, the Office of the Superintendent of Financial Institutions (OSFI), has announced a three-year delay for banks and insurance companies to report financed and insured emissions under its climate-related financial disclosure framework. Originally set to begin in 2025 for large institutions and 2026 for smaller firms, Scope 3 emissions reporting will now start…

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Closing the $4.2 Trillion ESG Financing Gap: The Role of ISO/UNDP Guidelines

The staggering USD $4.2 trillion annual financing gap for achieving the Sustainable Development Goals (SDGs) is more than just a figure—it represents an urgent challenge requiring action and innovation. Addressing this gap extends beyond mobilizing private capital; it necessitates a fundamental shift in how organizations measure progress, manage their impact, and transform sustainability ambitions into…

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EU Reaches Agreement on Measures to Reduce Food and Textile Waste

The European Parliament and Council have reached a provisional agreement on new regulations aimed at significantly reducing food and textile waste across the European Union. The agreement introduces binding food waste reduction targets and mandates that textile producers cover the costs of waste management under new Extended Producer Responsibility (EPR) schemes. Binding Food Waste Reduction…

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Global Sustainable Bond Issuance to Hit $1 Trillion in 2025 Amid ESG Challenges

Global sustainable bond issuance is expected to reach $1 trillion in 2025, maintaining 2024 levels as climate mitigation and adaptation financing drive demand. However, heightened greenwashing scrutiny, regulatory changes, and political resistance could slow market growth. Shifting ESG Priorities Climate adaptation and nature-based investments are gaining traction alongside mitigation efforts. Social bond issuance…

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The Role of Board Oversight in ESG – A 2025 Perspective

ESG’s growing importance and board oversight’s critical role Environmental, Social, and Governance (ESG) considerations have become fundamental to corporate success, shaping investor confidence, regulatory compliance, and long-term business resilience. Companies are under increasing pressure from stakeholders, including regulators, institutional investors, and consumers, to integrate ESG principles into their strategic frameworks. This shift requires strong board oversight…

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GRI and Global Partners Urge Stronger Sustainability Reporting in FfD4 Negotiations

The Global Reporting Initiative (GRI), alongside 11 leading organizations in sustainable finance and corporate reporting, has called on UN Member States to uphold key sustainability disclosure provisions in the negotiations for the Fourth International Conference on Financing for Development (FfD4). In a joint public letter, the coalition urges governments to retain provisions on double materiality-based…

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

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

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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