Climate-related disclosures – not to be crushed by the wheels of industry!

As we’ve addressed many times previously, 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. The S2 exposure draft proposes industry-based disclosure requirements derived from the existing SASB Standards (these aren’t included in the body of…

Post-implementation review of IFRS 9 – working as intended!

IASB publishes its review of classification and measurement requirements relating to financial instruments, announced a recent release. Here are some extracts: The PIR provides the following overall comments on classification and measurement: Of course, in the absence of further detail, it’s possible that some of the companies in that latter group just didn’t have the…

More on climate-related disclosure, or: it’s just a just transition!

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. Last time we looked at the exposure draft’s absence of a definition for the central term “sustainability-related,” leading to a recent…

The meaning of “sustainability-related,” or: you left out the humans!

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. The core objective of S1 “is to require an entity to disclose information about its significant sustainability-related risks and opportunities that…

An ISSB for everyone, or: Irish Shepherds Say Bollocks!

A new source of acronym-related fun! We’ve often noted examples in this space of “IFRS” being used as an acronym for something other than what we accountants know it to mean, some from real life and some, well, which I made up myself. We can now start supplementing this with examples of “ISSB” being used…

Emmanuel got mail!

Courtesy of my mole at the International Sustainability Standards Board (this is not the same person as my mole at the International Accounting Standards Board, although the two of them do often meet up for coffee) I now present a selection of recent correspondence to and from the office of the Chair, Emmanuel Faber. You…

Hall of Fame 2!

Canadian Accountant magazine recently reported that the Canadian Academic Accounting Association (CAAA) has announced its 2022 inductees into the Canadian Accounting Hall of Fame (CAHF). The story notes: “Among the 11 new inductees are selections that have addressed omissions and missed opportunities noted by Canadian Accountant. The CAAA has addressed the notable lack of gender diversity that occurred…

Getting nature on the balance sheet (although not quite yet…)

The University of Waterloo’s Impact Centre on Climate Adaptation has published Getting Nature on the Balance Sheet: Recognizing the Financial Value provided by Natural Assets in a Changing Climate. The credited authors are Joanna Eyquem, Bailey Church, Roy Brooke and Michelle Molnar. The report focuses on the challenge of “mainstreaming recognition of the role and…