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.
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.
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.
The International Sustainability Standards Board (ISSB) officially released a new and consolidated global baseline of sustainability reporting standards, known as the IFRS Sustainability Reporting Standards.
Launched in 2015, the Science Based Targets initiative (SBTi) promotes best practices for setting emissions reductions targets and independently assesses corporate targets. As part of efforts to refine emissions reduction modelling to be aligned with limiting global temperatures to 1.5C, the SBTi has partnered with the Carbon Risk Real Estate Monitor (CRREM) and is developing updated sector specific target setting methodologies, tools, and guidance building sector companies and other stakeholders. CRREM is a leading global initiative focused on deriving pathways for the real estate sector to decarbonize in alignment with the Paris Agreement.