Standards

Government calls for feedback on strategy, which also covers regulation and disclosure, greenwashing and transition plans.

The Big Four accounting firms have flagged timing and lack of resources as potential barriers to high-quality reporting.

Respondents also flag issues on materiality definitions, requesting further clarity and guidance.

The Australian Accounting Standards Board has proposed three reporting standards based on the ISSB’s two sustainability disclosure standards.

ISSB chair pens concerns about 'illusions' around what double materiality can deliver, adding that a push for only this approach is 'incompatible with the urgency of the transition'.

The latest developments in sustainable finance: GTAG publishes two taxonomy reports; Martindale to leave Cardano.

The European Commission is looking to develop CSRD assurance standards suitable for both independent service providers and auditors.

Standard setter IAASB is working closely with the European Commission to ensure ISSA 5000 meets the requirements for CSRD assurance.

The standard is suitable for reporting under the CSRD, ISSB, GRI and IOSCO frameworks and due to be finalised by the end of 2024.

It comes as global ESG disclosure and assurance rates hit new highs.