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Impact and sustainability consultancy Steward Redqueen appointed to produce ESG reporting guidelines for GPW-listed companies
The guidelines will be developed as part of the partnership between GPW and the European Bank for Reconstruction and Development (EBRD)
The partnership between EBRD and GPW will develop ESG reporting guidelines for listed companies in accordance with EU regulation (including the Non-financial Reporting Directive) and institutional investor expectations. The international consultancy Steward Redqueen has been appointed in a public tender to deliver the project.
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We continue our efforts to support companies listed on GPW markets
. Hence we decided to partner with EBRD on preparing ESG guidelines in-line with national and EU regulations, to support their development. ESG integration helps companies to effectively manage long-term risks and create value for all stakeholders, including shareholders. Business doesn’t exist in a vacuum, an
2020 has Reinforced the Need for Transparent and Resilient Organizations
A message from the Chairman of Global Reporting Initiative (GRI)
Dec 22, 2020 8:45 AM ET
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It has been quite a year. During 2020 we have all had to adapt to the ‘new normal’ of life and work in an extended pandemic. At GRI, that has meant refocusing our services and engagements to met the needs of our customers, stakeholders and partners. For example, our full events program and reporter support services quickly transitioned to be fully online.
One thing COVID-19 has reinforced is the enduring importance of transparent and resilient organizations, which embrace sustainability. Understanding impacts through the power of reporting is, therefore, more crucial than ever.
The manager of Norway’s giant sovereign wealth fund has given its backing to the IFRS’ idea of creating a Sustainability Standards Board (SSB) alongside the International Accounting Standards Board (IASB) it oversees – but only for financially-material information.
Broader sustainability reporting could better be handled by other institutions, Norges Bank Investment Management (NBIM) said in a response to the IFRS Foundation’s consultation on a global approach to sustainability reporting and the organisation’s possible role in those developments.
NBIM wrote: “Over time, we believe that a coherent set of reporting standards responding to the needs of both investors and other stakeholders is required.
Met dank overgenomen van Europees Parlement (EP), gepubliceerd op donderdag 17 december 2020.
On Thursday, MEPs approved a non-legislative report calling for more sustainable business conduct and addressing shortcomings in existing laws.
Parliament wants upcoming corporate governance proposals from the Commission to include a series of mandatory obligations for companies and incentives to act rather than rely on the voluntary disclosure of information. A clear set of rules strengthening the duties of company boards regarding sustainability is also needed. The report was adopted with 347 votes in favour, 307 against and 42 abstentions.
Disclosing non-financial information
MEPs welcome the Commission’s commitment to review the Non-Financial Reporting Directive (NFRD) next year but reiterate their call to widen its scope to cover all listed and non-listed large undertakings established in the EU, including non-EU companies operating in the Union. In particular, they suggest target
EU: MEPs approve non-legislative report calling for more sustainable business conduct & addressing shortcomings in existing laws Sustainability: businesses interests must align with societyâs interests , 17 Dec 2020
Parliament wants upcoming corporate governance proposals from the Commission to include a series of mandatory obligations for companies and incentives to act rather than rely on the voluntary disclosure of information. A clear set of rules strengthening the duties of company boards regarding sustainability is also needed. The report was adopted with 347 votes in favour, 307 against and 42 abstentions.
Disclosing non-financial information
MEPs welcome the Commissionâs commitment to review the Non-Financial Reporting Directive (NFRD) next year but reiterate their call to widen its scope to cover all listed and non-listed large undertakings established in the EU, including non-EU companies operating in the Union. In particular, they suggest targeting investmen