IASB proposes to overhaul MD&A commentaries accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.
Home Stakeholder collaboration will help companies and society thrive
Stakeholder collaboration will help companies and society thrive
Sustainability reporting standards are in the long-term interests of business and society
World Economy News
24 May 2021 • 3 min read
The plight of companies in 2021 has been to contend with two difficulties. At the start of the coronavirus pandemic last year, some economies were already in a weak state. But the restrictions since imposed by governments to stop the spread of the virus have only made matters worse.
In the early stages of the pandemic, I coined the term “coronanomics”, to reflect how the economic and health crises were intertwined. Companies have been in survival mode and boards of directors around the world are only thinking short term about how to avoid the liquidation of their businesses.
A warming climate for disclosure-related litigation
Australia is the second-most active place for climate litigation after the US, which should ring alarm bells for company boards.
Will Heath, Daisy Mallett and Emma Newnham
May 24, 2021 – 12.00am
Share
At its annual general meeting in May, Rio Tinto’s board supported two shareholder-requisitioned climate change-related resolutions, in an Australian first. Each resolution passed with 99 per cent support.
Other major ASX-listed entities have also committed to putting their climate reporting to a non-binding vote at their 2022 AGMs.
Driving this momentum are initiatives like the Say on Climate campaign. It seeks to compel listed companies to adopt climate targets, transition plans and rolling status reporting through AGM agitation.
IOSCO registers strong support for sustainability reporting initiative | News ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.