EFRAG

Global Innovation & Value Summit (GIVS) 2023, Nov 17: 'Moving Forward with ESG: Scoring for Value Creation'

Retrieved on: 
Friday, November 10, 2023

While Japan stands as the world's 4th largest economy, many Japanese companies continue to lag in their ESG efforts, as Japan itself has not yet committed to requiring companies to report their impacts beyond the environmentally focused Task Force for Climate Disclosure (TCFD).

Key Points: 
  • While Japan stands as the world's 4th largest economy, many Japanese companies continue to lag in their ESG efforts, as Japan itself has not yet committed to requiring companies to report their impacts beyond the environmentally focused Task Force for Climate Disclosure (TCFD).
  • This year's Global Innovation and Value Summit (GIVS) 2023 will first introduce the latest advances in value measurement, sustainability disclosure reporting and ESG from the perspective of EFRAG, ISSB and the US SEC Climate Disclosures, and their impacts on how businesses and governments can effectively operate within these increasingly important, but complex, sustainability standards and frameworks.
  • Finally, GIVS 2023 will offer ideas and insights into how businesses not only within Japan and Asia, but also globally can integrate, enhance and implement value-focused sustainability initiatives going forward.
  • It will bring together some of the world's top experts in value measurement and scoring, sustainability and ESG issues to discuss, debate and brainstorm new approaches to value creation, responsible business and sustainability initiatives and offer ideas and models for their implementation in 2024 and beyond.

Highlights - JURI: Vote on SLAPPs (2022/0117(COD) and geographical indications - Committee on Legal Affairs

Retrieved on: 
Monday, June 26, 2023

JURI: Vote on SLAPPs and geographical indications

Key Points: 
  • JURI: Vote on SLAPPs and geographical indications
    26-06-2023 - 15:16
    On 26 June 2023, the JURI commitee will hold a hearing on Harmonising certain aspects of insolvency law (16.00-17.30).
  • The Members will also consider draft opinion on geo-blocking (2023/2019(INI)) and draft repommendation on geographicsl indications (2022/0372(NLE)).
  • On 27 June 2023, the JURI Committee will vote on the report on Strategic lawsuits against public participation (2022/0117(COD)) and recommendation on geographical indications (2022/0372(NLE)).
  • Moreover, the committee will hear reporting back from the trilogues on Corporate Sustainability Due Diligence and amending Directive (EU) 2019/1937 (2022/0051(COD)).

Vice Chair of the Sustainability Reporting Board of the European Financial Reporting Advisory Group and Special Liaison to ISSB, Kerstin Lopatta, Joins Persefoni's Sustainability Advisory Board

Retrieved on: 
Thursday, June 1, 2023

TEMPE, Ariz. and LONDON, June 1, 2023 /PRNewswire/ -- Persefoni, a leading Climate Management & Accounting Platform (CMAP) for enterprises and financial institutions, has announced the appointment of Professor Kerstin Lopatta to its Sustainability Advisory Board (SAB). The board, which comprises global experts in sustainability, strategically advises Persefoni's board and executive team on sustainability reporting product offerings, market strategies, and overall vision.

Key Points: 
  • The board, which comprises global experts in sustainability, strategically advises Persefoni's board and executive team on sustainability reporting product offerings, market strategies, and overall vision.
  • Professor Lopatta is a highly respected academic and practitioner in the field of sustainability reporting and financial accounting.
  • She previously served as the Vice Chair of the Sustainability Reporting Board of the European Financial Reporting Advisory Group (EFRAG) and Special Liaison to the International Sustainability Standards Board (ISSB), where she was responsible for the inaugural set of European Sustainability Reporting Standards (ESRS) during her tenure at EFRAG.
  • Professor Lopatta has extensive experience in sustainability reporting and financial accounting in practice and research.

ESMA postpones to 2024 the annual IFRS amendment of the ESEF

Retrieved on: 
Wednesday, May 10, 2023

ESMA postpones to 2024 the annual IFRS amendment of the ESEF

Key Points: 
  • ESMA postpones to 2024 the annual IFRS amendment of the ESEF
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has decided to postpone to 2024 the amendment of the European Single Electronic Format (ESEF) Regulatory Technical Standard (RTS).
  • ESMA accordingly amends the ESEF RTS to reflect the annual update of the IFRS Taxonomy.
  • ESMA will combine both the 2023 and 2024 IFRS Taxonomy updates in its proposals to update the ESEF RTS in 2024.
  • During 2023, ESMA will publish the annual update of the ESEF Reporting Manual to provide additional guidance on the implementation of the ESEF requirements.

The Tipping Point Fund on Impact Investing (TPF) Awards $3.2 Million in Grants to 16 Organizations Working to Improve Data, Metrics and Measurement

Retrieved on: 
Tuesday, January 24, 2023

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- The Tipping Point Fund on Impact Investing (TPF), a donor collaborative committed to creating and supporting public goods that are critical to the continued growth and fidelity of the impact investing market, today announced that it will award approximately $3.2 million in grants to a diverse cohort of 16 organizations. These organizations are working on a range of projects related to improving best practices for impact metrics and measurement and advancing the data infrastructure that is needed to scale the impact investing field with integrity.

Key Points: 
  • These organizations are working on a range of projects related to improving best practices for impact metrics and measurement and advancing the data infrastructure that is needed to scale the impact investing field with integrity.
  • "High-quality data and metrics are the foundation of well-functioning, efficient, and transparent capital markets," said Fran Seegull, Executive Director of the TPF and President of the U.S. Impact Investing Alliance.
  • "As impact investing continues to grow in scope and scale, so too must the tools and frameworks used to assess impacts across a range of environmental, social, and economic factors."
  • Icebreaker One – Icebreaker One will develop and improve the data infrastructure and practices for sharing impact investment data.

EBA issues Opinion to the European Commission on the draft European Sustainability Reporting Standards

Retrieved on: 
Friday, January 27, 2023

26 January 2023

Key Points: 
  • 26 January 2023
    The European Banking Authority (EBA) published today an Opinion on the draft European Sustainability Reporting Standards (ESRS) developed by the European Financial Reporting Advisory Group (EFRAG).
  • In this Opinion, addressed to the European Commission, the EBA acknowledges that, overall, the draft ESRS are consistent with international standards and any other relevant EU Regulation.
  • The EBA also highlights a few aspects that should deserve further consideration by the European Commission.
  • The European Commission also requested an Opinion from the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA).

ESMA issues its first opinion on the draft European Sustainability Reporting Standards

Retrieved on: 
Friday, January 27, 2023

ESMA issues its first opinion on the draft European Sustainability Reporting Standards

Key Points: 
  • ESMA issues its first opinion on the draft European Sustainability Reporting Standards
    The European Securities and Markets Authority, the EU’s financial markets regulator and supervisor, has issued an opinion on the first set of draft European Sustainability Reporting Standards (ESRS Set 1) developed by the European Financial Reporting Advisory Group (EFRAG).
  • ESMA finds that ESRS Set 1 broadly meets the objective of being conducive to investor protection and of not undermining financial stability.
  • To bring Set 1 from broadly capable to fully capable of meeting that objective, ESMA advises the European Commission to address selected technical issues set out in the opinion.
  • The European Commission will consider ESMA’s technical input as it finalises ESRS Set 1 and adopts it into delegated acts.

Datamaran Secures £11.7 Million Series B Investment to Deliver on Rising Demand for Strategic ESG Insight

Retrieved on: 
Tuesday, September 20, 2022

LONDON and NEW YORK, Sept. 20, 2022 /PRNewswire/ -- Datamaran, the only ESG risk management software platform, today announced the completion of a £11.7 million Series B funding round led by Fortive (NYSE:FTV) with participation from American Electric Power (NASDAQ:AEP), both long-standing partners and clients.

Key Points: 
  • This insight allows leaders to create an informed and fully integrated ESG and business strategy that can be understood by all stakeholders.
  • This new round of funding will enable additional product innovation and help ensure Datamaran remains at the cutting edge of the shift towards ESG as a strategic business tool.
  • "After years of expansion, organic growth and achieving profitability, we see even more potential for the strategic insight we provide.
  • With this backing, Datamaran will accelerate the process of taking ESG to the C-suite and meet growing demand."

Datamaran Secures £11.7 Million Series B Investment to Deliver on Rising Demand for Strategic ESG Insight

Retrieved on: 
Tuesday, September 20, 2022

LONDON and NEW YORK, Sept. 20, 2022 /PRNewswire/ -- Datamaran, the only ESG risk management software platform, today announced the completion of a £11.7 million Series B funding round led by Fortive (NYSE:FTV) with participation from American Electric Power (NASDAQ:AEP), both long-standing partners and clients.

Key Points: 
  • This insight allows leaders to create an informed and fully integrated ESG and business strategy that can be understood by all stakeholders.
  • This new round of funding will enable additional product innovation and help ensure Datamaran remains at the cutting edge of the shift towards ESG as a strategic business tool.
  • "After years of expansion, organic growth and achieving profitability, we see even more potential for the strategic insight we provide.
  • With this backing, Datamaran will accelerate the process of taking ESG to the C-suite and meet growing demand."

Datamaran Announces Data Collaboration with J.P. Morgan to Deliver AI Driven Technology to Monitor Material ESG Issues

Retrieved on: 
Wednesday, September 7, 2022

LONDON and NEW YORK, Sept. 7, 2022 /PRNewswire/ -- Datamaran, a leading ESG (Environmental, Social, and Governance) risk management platform, announced today a collaboration with J.P. Morgan to provide insights into investment opportunities using a double materiality approach to ESG integration, delivered via J.P. Morgan's new digital platform, "ESG Discovery."

Key Points: 
  • ESG Discovery uses Datamaran's patented technology, to establish a first-of-its-kind ESG integration process based on double materiality, which considers the importance of ESG issues from two perspectives: financial and impact materiality.
  • Datamaran has worked with J.P. Morgan to create their own materiality assessment models, utilizing data that comes from corporate disclosures, mandatory regulations, voluntary policy initiatives, and online media.
  • Datamaran is a world leader in technology solutions for data-driven materiality and ESG risk management, providing the first ever double materiality application.
  • "We're thrilled that J.P. Morgan is using this unique approach to accelerate strategic business opportunities on ESG through ESG Discovery.