News & Analysis as of

Sustainability SASB

KPMG Board Leadership Center (BLC)

Directors Quarterly: July 2024

Ongoing wars abroad, political division and election year uncertainty in the United States, along with continuing state, federal, and global regulatory discord on sustainability and artificial intelligence, among other...more

Trusaic

Pay Equity Reporting: Corporate Sustainability Directive vs IFRS

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Sustainability reporting is expanding across all industry sectors. Foremost among these is the EU’s Corporate Sustainability Reporting Directive (CSRD), which takes effect in 2024. At the same time, the IFRS is also expanding...more

Morrison & Foerster LLP

Inside the IFRS S1 and S2 Sustainability Disclosure Standards – Understanding Current Intersections and Future Outlooks

The International Sustainability Standards Board (ISSB), established by the IFRS Foundation (IFRS), issued a comprehensive global baseline of disclosure standards to facilitate consistent and comparable disclosures on risks...more

Cadwalader, Wickersham & Taft LLP

EFRAG Seeks Input on Draft Response to ISSB’s Proposed Internationalization of Accounting Standards

On June 2, 2023, the European Financial Reporting Advisory Group (EFRAG) issued a draft letter requesting comments on the International Sustainability Standards Board’s (ISSB) proposal to improve the international...more

Cadwalader, Wickersham & Taft LLP

ISSB Requests Consultations on Sustainability Research Priorities and Jurisdiction-Specific Disclosure Metrics

Following completion by the International Sustainability Standards Board (ISSB) of IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures), on...more

Cooley LLP

The Alphabet Soup of ESG: Introducing Key Frameworks

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ESG? SDGs? SASB? GRI? TCFD? The world of ESG (Environmental, Social and Governance) is littered with acronyms and can seem like an alphabet soup to companies just getting started. This article introduces you to some of the...more

Cadwalader, Wickersham & Taft LLP

BlackRock Publishes 2023 Investment Stewardship Global Principles

Blackrock’s recently released 2023 Investment Stewardship Global Principles, identifies several key themes to guide stakeholders and promote sound corporate governance regarding sustainability-related issues. At a high level,...more

Opportune LLP

Why Technology Can Ease Your ESG Reporting Headache

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From Amazon to Walmart, companies across the globe are striving to implement ESG initiatives that can stand up to increased scrutiny. The energy industry, like all industries, is facing the possibility of new standards...more

Latham & Watkins LLP

China to Introduce Its First ESG Disclosure Standard

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The move follows a number of similar standards that regulators and governments across the globe have proposed. With effect from 1 June 2022, the Guidance for Enterprise ESG Disclosure (the Guidance), published by...more

Society of Corporate Compliance and Ethics...

[Virtual Event] ESG and Compliance Conference - April 26th, 7:55 am - 3:15 pm CDT

Discover how to set and accomplish your ESG goals - Environment, Social, and Governance (ESG) is no longer an isolated function within a company, nor is it an issue only for publicly traded companies. It’s front and...more

Society of Corporate Compliance and Ethics...

[Virtual Event] ESG and Compliance Conference - November 16th, 8:25 am - 2:15 pm CST

Discover how to set and accomplish your ESG goals - Environment, Social, and Governance (ESG) is no longer an isolated function within a company, nor is it an issue only for publicly traded companies. It’s front and...more

Bass, Berry & Sims PLC

ESG Organizations: The Journey Toward Consolidation and Collaboration Continues

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The number of frameworks and standards in the environmental, social and governance (ESG) space can be overwhelming. While various organizations have set up different standards and frameworks, last year five of them — the...more

Mintz - Energy & Sustainability Viewpoints

During Biden Administration, SEC will require Climate Change Risk and ESG Disclosure

Public companies will be required to disclose climate risks and greenhouse gas emissions under President-elect Biden’s administration. The Securities and Exchange Commission (SEC) will institute rulemaking and guidance on the...more

Foley & Lardner LLP

Beyond Bunny Hugging: ESG, Investor Expectations and Reporting Trends

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This paper attempts to provide a definition and context for the term, Environmental, Social and Governance (“ESG”), explain how and why it is used, demonstrate how investors are driving the proliferation of ESG reporting,...more

Perkins Coie

Investor Focus on Sustainability

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Companies across industries—from retail to high tech to financial services—are touting their sustainability initiatives to attract and retain customers and employees. But investors are similarly clamoring for regular...more

Mintz - Energy & Sustainability Viewpoints

Investor Advisory Committee Pushes SEC to Lead on ESG Disclosures

The U.S. Securities and Exchange Commission’s Investor Advisory Committee’s Investor-as-Owner Subcommittee recently voted 14-4 to approve a recommendation that urges the Commission (SEC) to begin an effort to update the...more

Akin Gump Strauss Hauer & Feld LLP

SASB to Update Sustainable Sourcing Metrics for Apparel Industry

- On February 25, 2020, SASB unanimously approved a standard-setting project that will clarify and improve metrics used to measure performance on sustainable raw materials sourcing in the apparel, accessories and footwear...more

Stoel Rives LLP

In Case You Missed It - Interesting Items for Corporate Counsel - February 2020

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The SEC proposed updates to Regulation S-K to modernize, simplify and enhance financial disclosures, here. The SEC’s press release, here, summarizes the changes as well as any law firm memo (but see here and here if you don’t...more

King & Spalding

Big Three Investors Announce 2020 Priorities

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BlackRock, Vanguard, and State Street Global Advisors are the world’s three largest asset managers, collectively representing over $16 trillion in AUM, including 81% of all ETF assets. These “Big Three” investors collectively...more

Jones Day

BlackRock Focuses on Climate Change: What Companies Should Do Now

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The Situation: BlackRock, the world's largest asset management firm, announced initiatives to make climate change and other sustainability issues a cornerstone of its investment strategy, including plans to increase offerings...more

White & Case LLP

BlackRock Calls for Enhanced Sustainability Disclosure and Accountability for Directors

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In a significant development for ESG and corporate governance, BlackRock is now calling on the public companies it invests in to publish disclosures in line with the Sustainability Accounting Standards Board (SASB) and the...more

Foley & Lardner LLP

Is 2020 the Year Sustainable Means Investment-Worthy?

Foley & Lardner LLP on

Making waves in the financial world on January 14th, Laurence Fink, the CEO of BlackRock, Inc., the world’s largest asset manager, announced that BlackRock will be increasingly disposed to vote against board directors if...more

Ballard Spahr LLP

GC Insights: BlackRock Issues Letter to CEOs

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BlackRock’s Chairman and Chief Executive Officer Larry Fink issued his annual letter to CEOs and a letter to clients on January 14, 2020. Both letters focused on the importance of climate change and sustainability in the...more

King & Spalding

BlackRock Announces Major Shift Making Climate Change Central to Investment Decisions

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On January 14th, BlackRock’s CEO Larry Fink issued his annual letter to portfolio company CEOs, this year titled “A Fundamental Reshaping of Finance.” The letter focuses on the potential effect that climate change will have...more

Cooley LLP

Blog: SASB issues sustainability accounting standards for 77 industries

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Way back in 2016, the SEC issued a Concept Release requesting comment on an enormous variety of potential changes to Reg S-K, including sustainability. As reported by BNA, then-Director of Corp Fin, Keith Higgins, advised...more

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