California’s New Climate Law Targets Corporate Financial Risks
California’s new law requires large companies to report climate and corporate financial risks, with a first report due January 1, 2026
California’s new law requires large companies to report climate and corporate financial risks, with a first report due January 1, 2026
The latest framework aims to enhance the quality, consistency, and comparability of climate-related disclosures under the International Sustainability Standards Board’s IFRS S2 standard
The GRI standards emphasize impact management, requiring companies to report on climate issues, energy consumption, and how they are actively managing these impacts
The proposed amendments by ISSB aim to reduce the disclosure of Scope-3 Category 15 GHG emissions, and the use of the Global Industry Classification Standard
ISSB plans to establish specific disclosures for sustainability-related financial disclosures, establishing a global baseline
The EY Global Climate Risk Barometer indicates that despite improved reporting, businesses neglect adequate climate strategy and action
The International Sustainability Standards Board (ISSB) has issued inaugural standards—IFRS S1 and IFRS S2, to drive sustainability-related disclosures in capital markets worldwide. IFRS S1 provides a set of disclosure requirements to enable companies to communicate to investors about the sustainability-related risks and opportunities they face over the short, medium, and long term. IFRS S2 sets