While the shining new International Sustainability Standards Board scoops up all the change-making attention, maybe the most the IASB can hope for is to get noticed for not shaking things up too much. This is from a recent news release: You may recall that the discussion paper referred to there concluded “that there is no…

As we’ve addressed many times before, the International Sustainability Standards Board has issued its first two exposure drafts, General Sustainability-related Disclosures and Climate-related Disclosures, which were both open for comment until July 29, 2022. Here’s an extract from the document on climate-related disclosures: The disclosure would include, for each climate-related target, metrics used to assess…

The Canadian Securities Administrators have issued CSA Staff Notice 51-364 Continuous Disclosure Review Program Activities for the fiscal years ended March 31, 2022 and March 31, 2021. The notice summarizes the key findings and outcomes of the review program, describes common deficiencies and includes some illustrative examples “to help issuers address these deficiencies and understand…

I’m sure I’m not the only one who can hardly keep up with all the developments on the sustainability reporting front… For instance, the ISSB recently announced a “Partnership Framework for capacity building in developing and emerging economies” designed to “(seek) alignment on a shared vision that widespread availability of high quality, comparable and timely…

Here are some extracts from a settlement agreement recently entered into between the Ontario Securities Commission and Cronos Group Inc. Some details on the first of the revenue errors: There’s a second revenue error described in similar terms, and also another one: And here’s a summary of the errors related to goodwill and intangible assets:…

“ISSB unanimously confirms Scope 3 GHG emissions disclosure requirements with strong application support, among key decisions,” announced a recent press release. Here’s what it said: A few days later the formal meeting summary set out some of the possibilities discussed for providing support: The press release indicated that the ISSB already possesses a certain flair…

As we’ve addressed many times, the International Sustainability Standards Board issued its first two exposure drafts, General Sustainability-related Disclosures (S1) and Climate-related Disclosures (S2), which were both open for comment until July 29, 2022. Here’s an extract from the S1 document: It’s hard to imagine many people disagreeing with the basic premise and asserting that…

Globalism Failed to Deliver the Economy We Need heralds a recent article in The New York Times. It’s written by Rana Foroohar. Here are some extracts: The article concludes: “One of the most persistent neoliberal myths was that the world was flat and national interests would play second fiddle to global markets. The past several…

Let’s look at another extract from the Ontario Securities Commission’s refilings and errors list. You’ll recall that this is a record of companies that refiled or restated some aspect of their continuous disclosure record as a result of an OSC review – the list has the dual purpose, I believe, of providing an extra degree…

Here’s the main text of a recent news release issued by the Ontario Securities Commission: The news release received what was presumably the intended press coverage, with the Globe and Mail noting that while the release didn’t name any names, “Canadian or U.S. affiliates of three of the Big Four global firms – Deloitte LLP,…