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Read the latest news about our firm and our team’s analysis of the need-to-know sustainability and ESG updates and emerging developments.
The European Union (EU)’s Corporate Sustainability Reporting Directive (CSRD) aims to make corporate sustainability reporting more transparent, consistent, and standardized to help drive capital towards sustainable investment as part of the new Green Deal.
Two years after first being introduced, the U.S. Securities and Exchange Commission (SEC) finalized a landmark climate disclosure rule with a 3-2 vote on March 6, 2024. Passed just months after California enacted its Climate Accountability Package (SB 253, SB 261) and AB 1305, the SEC’s climate disclosure rule will now require all publicly traded companies and foreign private issuers that are registered with the SEC to disclose their climate-related risks in annual SEC filings.
Beyond the theme of capital markets learning a new language to communicate value when it comes to sustainability-related information, the other dominant message at this year’s Symposium was centered on a call to action to prepare for and support widespread use of the ISSB Standards. Companies need to start or continue to explain the risks and opportunities in their sustainable transitions to attract investment. Consistent, comparable, and decision-useful sustainability disclosure will unlock these capital flows.
While 2024 shapes up to be yet another “keep-us-on-our-toes-year” on the sustainability front—with everything from tackling social implications of artificial intelligence to navigating debates on ESG topics as we head into another election cycle—one area will stay front and center for companies and their sustainability teams: climate disclosure.
The 28th annual United Nations Climate Change Conference (COP28) kicked off in late November with a deal to create a loss and damage fund for countries in the Global South.
On November 16, 2023, proxy advisory firm Glass Lewis released its updated voting guidelines for the 2024 proxy season for the United States, Canada, Europe, the UK, and Korea.
Clearsulting and HXE Partners, a Morrow Sodali company announced their alliance to help private and publicly traded companies meet ESG disclosure requirements around the world.
On October 18, 2023, GRESB issued updates to the 2024 Real Estate Assessment with implications to specific indicators and scoring.
The TNFD’s recommendations afford investors and investees an opportunity to identify, appraise, and manage how the private sector contributes to the biodiversity loss crisis.
On Tuesday, September 19th, the Taskforce on Nature-related Financial Disclosures (TNFD) released its final recommendations and guidance on nature-related risk reporting. The TNFD aims to provide companies and financial institutions with a framework for identifying, assessing, managing, and disclosing their nature-related dependencies, impacts, risks, and opportunities.
Morrow Sodali Acquires HXE Partners: Continues Expansion of Leading ESG Advisory Practice, Adds Deeper Climate-related Expertise
Despite ongoing anti-ESG sentiment in the United States, investors, regulators, and other stakeholders continue to advance environmental, social, and governance priorities, underscoring the long-term staying power of the foundational concepts of ESG.
Earlier this month, the Financial Stability Board (FSB) and International Financial Reporting Standards (IFRS) Foundation announced that the FSB, which created the Task Force on Climate-related Financial Disclosures (TCFD), will transfer the responsibility of monitoring progress on companies’ climate related disclosures from the TCFD to the International Sustainability Standards Board (ISSB), which sits under IFRS.
At HXE Partners, we expect the demand for more complete ESG disclosures will continue to increase, and the CSRD establishes a new regulatory baseline that will be referenced globally.
HXE Partners is pleased to announce the hiring of Norman Wong as an Associate on our Climate Team.