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…

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…

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…

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…