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.
PwC Releases EU Corporate Sustainability Reporting Directive Report
PwC releases a report on the EU Corporate Sustainability Reporting Directive, aimed at analyzing how companies apply the CSRD
China Releases Pilot Version of Corporate Sustainability Disclosure Standards General Standards
Chinese Ministry of Finance releases a pilot version of the Corporate Sustainability Disclosure Standards General Standards
Australian Securities and Investments Commission Releases Consultation Paper on Sustainability Reporting
Australian Securities and Investments Commission (ASIC) releases a consultation paper on sustainability reporting
Hong Kong Releases Roadmap on Sustainability Disclosure
Hong Kong releases a roadmap on sustainability disclosure, aimed at outlining its plan to fully apply ISSB standards in the coming years
UNPRI Releases Guidance for Investing for Sustainability Impact
United Nations Principles for Responsible Investment releases guidance for investing for sustainability impact
Climate Bonds Initiative Releases Report on Climate Transition in China’s Agri-food Systems
The Climate Bonds Initiative (CBI) releases a report on climate transition in China’s agri-food systems
Eurosif Releases Sustainable Investment Regulatory Roadmap
European Sustainable Investment Forum (Eurosif) releases a sustainable investment regulatory roadmap
MSCI Releases 2024 European Sustainable Fund Report
MSCI releases 2024 European Sustainable Fund Report, aimed at analyzing the performance of European sustainable funds