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.
Hong Kong Monetary Authority Releases Sustainable Finance Action Agenda
Hong Kong Monetary Authority (HKMA) releases the Sustainable Finance Action Agenda
European Fund and Asset Management Association Releases Sustainable Equity Fund Report
EFAMA releases a report on sustainable equity fund, aimed at summarizing the development trends of sustainable equity funds in Europe
How to Report Based on ISSB Standards? Interpretation of IFRS Voluntary Application Guide for Enterprises
IFRS releases voluntary application guide of ISSB standards for companies
European Securities and Markets Authority Releases Sustainable Finance Report
ESMA releases a sustainable finance report aimed at analyzing the development of sustainable finance in the European region
FTSE Russell Releases 2024 Sustainable Investment Asset Owner Survey
FTSE Russell releases 2024 Sustainable Investment Asset Owner Survey
European Central Bank Delivers a Speech on the Legal Implications of Nature-related Risk
The European Central Bank (ECB) delivers a speech on the legal implications of nature-related risks
How to Write ESG Reports? Detailed Explanation of Euronext’s ESG Reporting Guide
How to Write ESG Reports? Detailed Explanation of Euronext’s ESG Reporting Guide
HKICPA Releases Exposure Draft HKFRS S1 and HKFRS S2
The Hong Kong Institute of Certified Public Accountants releases Exposure Draft HKFRS S1 and HKFRS S2