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…

Climate-related disclosures – sufficiently on target?

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…

Latest regulatory review highlights, or: Global leader!

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…