Many top corporations unprepared for ESG tax reporting obligations. Just a small minority of large US companies are able to share their total worldwide tax contributions, as pressure from stakeholders and regulators over ESG disclosure grows, a new survey from KPMG shows.
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FRC plans common framework for 2023 February 2, 2023 The UK’s Financial Reporting Council (FRC) has committed to developing a common framework for ESG reporting in the country over the coming year. The ‘FRC ESG Statement of Intent: What’s Next’ revealed the independent regulator will establish standardised requirements for developing and reporting climate transition plans […]
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More than 450 asset managers and pension funds responded to a consultation on standardised reporting Some of the world’s biggest pension funds and institutional investors are backing the International Financial Reporting Standards Foundation’s (IFRS) proposal for standardised sustainability reporting. Last September, the IFRS, which oversees the International Accounting Standards Board (IASB), published a consultation paper […]
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Canada proposes proxy system overhaul The role of proxy advisory firms and proxy plumbing in Canada could be set for a fundamental overhaul, following the publication of findings by the Capital Markets Modernisation Taskforce (CMMT). In a wide-ranging remit, the taskforce has made over 70 proposals, which include giving regulators new powers, reforming shareholder voting and calling for the introduction […]
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IFRS: Climate-related disclosures Guest post by Paul Lee November’s newsletter from the global accounting regulator, the International Accounting Standards Board (IASB) is big news, and is a big step towards accounting that is consistent with the Paris Agreement. The paper by Nick Anderson, IASB board member and former fund manager and head of research at […]
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