Mark Hoff, MBA

Here’s a great graphical resource from David Carlin: "The successor to the TCFD framework is the ISSB’s IFRS S2 standard on climate disclosure. The International Sustainability Standards Board (ISSB) has a helpful mapping of TCFD to IFRS S2. In the graphic, I’ve provided a quick summary based on the four TCFD pillars of governance, strategy, risk management, and metrics & targets." #esg #climate https://lnkd.in/ebVP_C9Y

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𝗘𝗦𝗚 𝗵𝗮𝘀 𝗮𝗿𝗿𝗶𝘃𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗲𝗻𝗴𝗶𝗻𝗲 𝗿𝗼𝗼𝗺 𝗼𝗳 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 "Companies & ESG - transformation or just reporting" is the title of our joint study with Hengeler Mueller, which we published recently. The English summary is now available. The key findings are: ✅ The sustainability transformation is not being questioned, but is seen as an opportunity by a large majority of company representatives ✅ The transformation is progressing; companies are using ESG key performance indicators in corporate management and incentivising this in management board remuneration ‼️Die Sustainability reporting in its current form is seen as a burden; requirements are too granular and complex, data collection along the value chain is challenging; the 🇪🇺Taxonomie regulation is particularly criticised as it only has limited informative value for investors. Criticism of sustainability reporting should not be understood as criticism of the transformation. Companies are highly committed to driving forward the sustainability transformation. However, the density of reporting is clearly too high and not always effective. The study is based on a survey of supervisory board & audit committee chairmen and CFOs of companies in the DAX family. We asked them about the opportunities and challenges associated with the implementation of #ESG in companies. Read the summary (whole study in German) to find out what changes we would like to see from the regulator.👇 Daniela Favoccia Lucina Berger Corinna Wiedenmann Cordula Heldt Jessica Göres, M.A. Claudia Royé Deutsches Aktieninstitut #sustainability #reporting #transformation

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GRI and TNFD have launched an interoperability mapping resource. The mapping document will help reporting organisations adopt and advance disclosures on nature based impacts such as #biodiversity #sustainability #sustainabilityreporting

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Recent developments from EFRAG are noteworthy. EFRAG announced the release of the #Interoperability Guidance in partnership with the IFRS Foundation. For detailed insights, please visit: https://lnkd.in/eY4QajNy Key highlights from the guidance include: - Alignment Achieved: Illustrates the high level of alignment between the International Sustainability Standards Board’s (ISSB) Sustainability Disclosure Standards and the European Sustainability Reporting Standards (ESRS). - Practical Application: Offers detailed analysis and practical support on applying both sets of standards, especially in climate-related disclosures. - Designed for Simplicity: Aims to reduce complexity, fragmentation, and duplication for companies that are applying both the ISSB Standards and ESRS. - Efficiency and Compliance: Supports global companies in meeting disclosure requirements efficiently, promoting transparency, comparability, and accountability. - Decision-Useful Data: Guides companies on collecting, governing, and controlling decision-useful data effectively. This guidance is a significant step towards standardised global sustainability reporting. #CSRD #EFRAG #ESRS #ISSB #SustainabilityReporting #IFRS

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IAASB Introduces Groundbreaking Global Sustainability Assurance Standard The International Auditing and Assurance Standards Board (IAASB) has officially approved the International Standard on Sustainability Assurance (ISSA 5000), marking a significant milestone in sustainability reporting. The new standard, effective from December 15, 2026, is designed to assure the quality and credibility of sustainability information reported by organizations globally. This standard is poised to set a global benchmark for sustainability reporting. IAASB Chair Tom Seidenstein highlighted the importance of ISSA 5000, noting that while the standard builds on existing practices, it represents a new approach tailored to meet the growing demands for sustainability assurance. The swift development of the standard was also commended, with Seidenstein stating that the IAASB had delivered the new standard earlier than anticipated. The adoption of ISSA 5000 is expected to resonate particularly in the European Union, where the European Commission is due to adopt a sustainability assurance standard by 2026. The ISSA 5000 is likely to form the basis for the EU’s framework, though some modifications are anticipated. In closing, while this achievement is being celebrated, industry experts agree that the real challenge lies ahead in implementing the standard across various jurisdictions. #Sustainability #Assurance #IAASB #ISSA5000 #SustainabilityReporting #GlobalStandards #CorporateGovernance #SustainabilityAssurance #EUCompliance #SustainabilityLeadership #ESG

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