Kabaun’s Post

𝗜𝗙𝗥𝗦 𝗦𝟭 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆-𝗿𝗲𝗹𝗮𝘁𝗲𝗱 𝗱𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 Publication of International Financial Reporting Standard (#IFRS) #S1 and #S2 standards by the International Sustainability Standards Board (#ISSB) mark a step change in what is expected of firms, with S1 raising the bar on how firms approach and make sustainability-related disclosures. 📑 Is your organisation prepared? 👉Read more: https://lnkd.in/eU7MHx5a   Alex Hindson Daniel S.  #CroweRiskConsulting #SustainabilityReporting #Sustainability 

IFRS S1, among other things, focuses a lot on 'how' firms disclose sustainability-related information. Together with S2, it narrows the expectations-gap between firms' financial and non-financial disclosures. We recommend using the time available to invest incrementally and to complete a dry run. Not least, this will avoid a mad scramble. Alex Hindson - good to work with you on this.

An important milestone for sustainability reporting. The much anticipated interoperability guidance for climate-related sustainability disclosures under ESRS and ISSB Standards helps prepares understand where the requirements are aligned and what they key differences are between ESRS and ISSB Standards. Find our 4-page Developments publication in which we summarize the guidance and how we see it on https://lnkd.in/eEyeA_32 The 33-page interoperability guidance itself can be found on https://lnkd.in/eTg3pJfz #ey #issb #esrs #sustainabilityreporting #sustainability

Please find a brief post reagrding #CSRD and #ESRS and the obligations resulting from the EU diretives? Are you affected? Find out! Please find the mentione EFRAG implemantation guides also in the commetn below #sustanability #ESGMANAGEMENT #Reporting #EFRAG #Environmental #social #governance

📢 #CSRD news: The transposition of #CSRD has commenced across various countries. Both France and Hungary have recently passed legislation mirroring the CSRD's guidelines. This law replaces several directives, aiming to incorporate environmental, social, and governance (#ESG) aspects into corporate reporting requirements. Key Highlights of the CSRD: 🔹 Applicability to large, regulated entities and small to medium-sized listed companies in the EU. 🔹 Mandatory reporting on environmental, social, and governance matters for the covered entities. 🔹 The directive sets stricter expectations for reporting, intending to streamline the process for investors and facilitate the creation of #sustainable financial products. This comprehensive initiative emphasizes the need for companies to conduct thorough #sustainability assessments, risk analyses, and implement robust complaint handling systems. It also establishes reporting obligations aligned with environmental and social responsibilities. Our company acknowledges the evolving landscape and offers software solutions to assist companies in efficiently fulfilling their ESG and CSRD reporting requirements. 💡

I'd like to share that I've received a new certification: CSRD Fundamentals from the company CSRD Institute! From January 1, 2024, Europe-based companies that were already following the Non-Financial Reporting Directive (NFRD) will need to adopt the Corporate Sustainability Reporting Directive (CSRD), a new EU directive for corporate sustainability reporting. CSRD aims to increase the breadth of non-financial information disclosed by organizations, ensuring consistency, relevance, comparability, and easy access. Companies must report sustainability information using the European Sustainability Reporting Standards (ESRS), which cover qualitative, quantitative, forward-looking and retrospective topics about their value chains and short-, medium- and long-term horizons. Adoption is divided into stages, with mandatory disclosure starting in 2025 for companies that have already adopted NFRD, including limited assurance... CSRD Institute #CSRD #ESRS

CSRD and ESRS - aren't they the same thing?   These and many other abbreviations relating to sustainability and sustainability reporting are currently buzzing around the web. In this article, we provide a brief overview of the above-mentioned terms and show the timetable for when sustainability reports will be due with the annual financial statements.   #CSRD: Corporate Sustainability Reporting Directive: EU directive that sets out requirements for standardized reporting of non-financial indicators #ESRS: European Sustainability Reporting Standards: Framework within which the non-financial indicators must be prepared and reported.   In line with this, EFRAG published the Implementation Guides on 31/05/2024, see links in comment. If you want to report in 2026 for the 2025 financial year, you need 2025 data. Still a lot of time? Unfortunately, not! You need to work out now what you want to report and how you want to collect this data. If you want to get more Information please contact me directly or have a look at #maconasconsulting https://maconas.de #Sustainability #ESGMANAGEMENT #ESRS #CSRD #Envoronmental #Social #Governance

𝗜𝗙𝗥𝗦 𝗦𝟮 𝗰𝗹𝗶𝗺𝗮𝘁𝗲-𝗿𝗲𝗹𝗮𝘁𝗲𝗱 𝗱𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 Publication of International Financial Reporting Standard (#IFRS) S1 and S2 standards by the International Sustainability Standards Board (#ISSB) mark a step change in what is expected of firms.   There are several required disclosures in #IFRSS2 which go beyond what you are currently disclosing. Now is the time to prepare the ground for your additional disclosures. 🔎   👉Read more: https://lnkd.in/e3CtfCiS   Alex Hindson #SustainabilityReporting #Sustainability #CroweRiskConsulting

There are only a few days left before non-financial reporting takes a significant leap forward. Starting from the financial year 2024 (reporting in 2025), companies subject to the Corporate Sustainability Reporting Directive (CSRD) will be required to disclose non-financial information in accordance with European Sustainability Reporting Standards (ESRS).   Sustainability reporting is not new for entities that were previously subject to the NFRD directive (i.e., large, listed companies, large banks, and large insurance companies). However, the new obligatory standards introduced under CSRD will truly change the game.   Until now, companies could select from various sets of reporting standards available (e.g., GRI, SASB, TCFD) or even create their own. This allowed them to tailor and combine these to their liking. Although ESRS is not entirely unprecedented, as it is largely based on the popular GRI standards, it will certainly impose limitations that companies will need to adapt to.   The reason for adopting these standards (and CSRD in general) is that currently, much of the sustainability information reported by companies is insufficient. Given the freedom in creating these reports, they often omit data that investors and other stakeholders consider important. The goal of ESRS is to make these reports reliable, transparent, and comparable.   #penteris #europeanunion #csrd #esg #esrs #gri #sasb #tcfd #european #directive #regulation #legislation #lawyer #business #sustainability #sustainabilityreporting #sustainabledevelopmentgoals #sustainable

Check out the latest Crowe UK point of view on #IFRS S2 standard related to #climate disclosures. We argue that now is the time to prepare for the transition from #TCFD and ensure that processes and controls around non-financial disclosures in your organisation are ready for these changes. Make sure you are match-fit. There is a strong implication that all #financed #emissions from investments and underwriting will need to be disclosed and some strong hints that disclosing your #transitionplans and the link between #sustainability and #remuneration will shortly be 'table stakes' for most organisations.