Sustainable Development and ESG
The scope of sustainable development is broader than ESG. It is a blueprint for achieving global development and involves resource balance within and between generations. The United Nations has published 17 Sustainable Development Goals to encourage activities.
Both sustainable development and ESG involve environmental and social aspects, but ESG has been directly related to enterprises and is a standard for measuring financial, environmental and social performance. Sustainable development favors all global stakeholders.
Sustainable Disclosures
Sustainable disclosure is a core concern for global regulators in ESG development. Currently, IFRS S1 and IFRS S2 issued by the International Sustainable Development Standards Committee have become the basis for designating sustainable information disclosure policies in multiple jurisdictions worldwide.
Sustainable disclosure is primarily based on climate change, as climate change is a material issue in environmental factors. Subsequent regulators will formulate policies for areas such as biodiversity, water and supply chain.
United Nations Sustainable Development Solutions Network Releases 2025 European Sustainable Development Report
United Nations Sustainable Development Solutions Network (SDSN) releases the 2025 European Sustainable Development Report
International Capital Market Association Releases Recommendations on EU Sustainable Finance Regulations
International Capital Market Association (ICMA) releases recommendations on EU sustainable finance regulations
ISSB Releases Climate Disclosure Education Materials
International Sustainability Standards Board (ISSB) releases climate disclosure education materials
EU Platform on Sustainable Finance Proposes Simplifying EU Taxonomy
EU Platform on Sustainable Finance releases a report on the EU Taxonomy for simplifying EU Taxonomy
UK Financial Reporting Council Releases Report on Sustainability Assurance Market
UK Financial Reporting Council (FRC) releases a report on the sustainability assurance market
Hong Kong Green Finance Association Releases Report on Hong Kong Green Technology
Hong Kong Green Finance Association (HKGFA) releases report on Hong Kong Green Technology
EU Sustainable Finance Platform Releases Report on Corporate Transition Plan Evaluation
EU Platform on Sustainable Finance releases a report on corporate transition plan evaluation
EFRAG Releases Voluntary Sustainability Reporting Standards for Non-listed SMEs
European Financial Reporting Advisory Group (EFRAG) releases voluntary sustainability reporting standards for SMEs