A new survey from Deloitte reveals that tax executives worldwide are navigating increasing pressure from both regulatory changes and digital transformation. With sustainability concerns rapidly rising, 82% of tax professionals anticipate a surge in public tax disclosure requirements over the next two to three years. This reflect...
India’s SEBI Introduces New Guidelines for ESG Rating Withdrawals
India’s market regulator, the Securities and Exchange Board of India (SEBI), has unveiled new guidelines detailing when and how ESG (Environmental, Social, and Governance) ratings can be withdrawn by rating agencies. This development aligns the country’s ESG withdrawal standards with long-established credit rating practices and ...
ISSB Proposes Reliefs for Financial Sector in Scope 3 Emissions Reporting
The International Sustainability Standards Board (ISSB) has unveiled proposed amendments to its climate disclosure standard (IFRS S2), offering financial institutions relief in reporting certain Scope 3 greenhouse gas (GHG) emissions. These changes aim to ease the reporting burden while maintaining the d...
IDB and IFRS Foundation Partner to Accelerate Sustainability Disclosure Adoption in Latin America and the Caribbean
The Inter-American Development Bank (IDB), IDB Invest, and the IFRS Foundation have launched a strategic partnership to fast-track the adoption and implementation of the IFRS Sustainability Disclosure Standards across Latin America and the Caribbean. The collaboration aims to strengthen transparency, attract investment, and enha...
GHG Protocol Unites Global Standards to Streamline Climate Reporting
In a significant step toward global harmonization of climate reporting, the Greenhouse Gas (GHG) Protocol has expanded its Independent Standards Board (ISB) to include five of the world’s leading sustainability standard-setters—CDP, EFRAG, GRI, ISSB, and SBTi—as non-voting observers. While these organizati...
Schroders and Cornell Launch Climate Resilience Framework to Tackle Rising Risks in Apparel and Beyond
Schroders, the global asset management firm, has teamed up with Cornell University’s Global Labor Institute (GLI) to unveil a new stewardship framework aimed at strengthening corporate resilience in sectors most vulnerable to climate change. The initiative targets industries such as apparel, food, and construction, where physica...