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Environmental, social and governance

A new sustainability standards board – go for it (like, soon!)

The Trustees of the IFRS Foundation have published a Consultation Paper “to assess demand for global sustainability standards and, if demand is strong, assess whether and to what extent the Foundation might contribute to the development of such standards.” Here’s how the news release summed it up: Amid heightened focus on environmental, social and governance (ESG) matters,…

October 12, 2020 in Environmental, social and governance, IFRS.

IFRS and climate change, or: burning feet!

Big four auditors face investor calls for tougher climate scrutiny announces a recent story on Reuters. Written by Matthew Green and Simon Jessop, it starts out like this: European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to…

January 6, 2020 in Climate change, Environmental, social and governance, IFRS.

Talking about my generational accounting: joining the dots

A recent article on the Economia website considers the subject of “generational accounting.” Written by Paul Wallace, it introduces the topic as follows: Countries including the US, Spain and Britain have become increasingly defined by age rather than class. Polarization tends to come to the fore politically during elections, but the economic and social roots…

October 29, 2018 in Environmental, social and governance, Generational accounting, IFRS.

The future of corporate reporting – embrace the unknown!

From the integratedreporting.org website, we learn that the Institute of Public Auditors in Germany (Institut der Wirtschaftsprüfer in Deutschland) has released a position paper on the future of corporate reporting. It’s only available in German, but one of the authors provides an English-language summary. We’ve covered a couple of the main points before. First is the contention that…

October 9, 2018 in Environmental, social and governance, IFRS, Intangible assets, MD&A.

Illuminating the 80% – more light on ESG, on intangibles, on everything!

It’s easy sometimes for accountants to imagine (or at least, to pretend they imagine) that the parameters of periodic corporate reporting are largely defined by those of the financial statements, with the MD&A as a tacked-on outgrowth… Most accountants are presumably aware, at least vaguely, of the conversations about integrated reporting and ESG disclosures and…

February 21, 2018 in Environmental, social and governance, IFRS, Intangible assets, Integrated reporting, MD&A.

Putting on the accounting thinking cap. And trade, that is…

CPA Canada’s IFRS Discussion Group recently turned its attention to cap and trade programs, setting out the issue as follows: Many governments around the world have, or are in the process of developing, programs to encourage corporations and individuals to reduce emissions of pollutants. The Government of Ontario introduced a Cap and Trade program as…

October 19, 2017 in Climate change, Environmental, social and governance, IFRS.

Environmental, social and governance – increasingly critical to investors!

ESG: good companies can make good stocks, announces a recent release by Bank of America Merrill Lynch. Here’s how it expands on that: It’s not just for tree-huggers – incorporating environmental, social and corporate governance (ESG) considerations into one’s framework is critical. First, these metrics have been strong indicators of future volatility, earnings risk, price…

July 31, 2017 in Climate change, Disclosure, Environmental, social and governance, IFRS.

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