Baringa’s Post

Sustainable Finance Reporting requirements continue to develop and will be pivotal in reshaping how financial institutions incorporate sustainability and climate change into their business strategies, as the world transitions to a low-carbon economy. There are opportunities to take a holistic approach and identify the synergies across these requirements. Our latest Baringa article explores the interlocks between CSRD and TPT and insights from our work with market-leading clients across the financial sector. James Belmont, Michael Elter, Siddhi Salvi, Evan Hirsch and Sasha Polikarpova #sustainablefinance #sustainableregulation #sustainablefinancereporting #ESG #CSRD #TPT #transitionplanning #climaterisk

Great article from our Sustainability Regulations team. The overlaps between CSRD and TPT requirements are considerable, and worth addressing in a joined-up fashion to aid simplicity and deliver cost-efficient change

To achieve connectivity, it is important that companies are both compliant with relevant standards and are connecting the dots between financial and non-financial information. With a transition from external audit into sustainability assurance, I appreciate the importance of presenting a cohesive and consistent overview of a company's performance. KPMG has developed a new connected reporting content hub to provide insights and practical guidance in this area.

Over 1,350 large companies showed increased alignment with climate-related financial disclosures in FY 2022, demonstrating greater overall adoption of the TCFD framework. Other highlights from the TCFD’s recently published final report include: 🔹 58% of companies aligned with at least 5 of 11 TCFD disclosures in FY2022, but only 4% disclosed in line with all 11 TCFD recommendations. 🔹 Sustainability and annual reports are 4X more likely to have TCFD-aligned information than financial filings. 🔹 Insufficient information from public companies is the top challenge for asset managers executing climate-related reporting. Read the FSB Task Force on Climate-related Financial Disclosures (TCFD) full 2023 Status Report to learn more: https://lnkd.in/eGjgA4hQ #TCFD #ClimateDisclosures #CorporateSustainability 

Need help joining the dots between your strategic, sustainability and financial information? Our Connected reporting page can help https://lnkd.in/g45aEnpp #ConnectedReporting #ESG #ISSB #IFRS

To navigate CSRD successfully, the double materiality principle must be applied. Learn the steps to conducting a double materiality assessment.  

The Transition Plan Taskforce (TPT) was established by HM Treasury in May 2022 in response to the UK Government's commitment to achieve net zero emissions by 2050 and make the UK the world's first net zero-aligned financial centre. Our TPT guide can help you and your business: • understand what TPT means for financial services • create a TPT disclosure framework • consider key challenges in transition planning • implement a four-stage methodology plan Download the TPT guide here: https://lnkd.in/eWdGDAcH #ESG #transitionalplantaskforce #zeroemission 

Our latest blog post unpacks the International Financial Reporting Standards (IFRS) S1 and S2 standards. Learn how these standards align with the Task Force on Climate-Related Financial Disclosures (TFCD)'s recommendations and what this means for sustainability disclosures worldwide. Read it here: https://lnkd.in/gjfRixJW #issb #ifrs #s1 #s1 #sustainability #tcfd #globalmarkets #carbonbetter #corporateleadership

#MondayMyth 📊 𝐓𝐡𝐞 𝐂𝐨𝐦𝐦𝐨𝐧 𝐌𝐢𝐬𝐜𝐨𝐧𝐜𝐞𝐩𝐭𝐢𝐨𝐧: XBRL and iXBRL – they're just tools to appease investors, right? It's an added layer of work for those generating the reports. 𝐇𝐞𝐫𝐞'𝐬 𝐭𝐡𝐞 𝐑𝐞𝐚𝐥𝐢𝐭𝐲 𝐂𝐡𝐞𝐜𝐤: These standards are not just about external transparency, but internal clarity. As you step into this week, consider this: Reporting tools like XBRL and iXBRL aren't burdens – they're assets. Not just for investors, but for the very heart of your business operations. #disclosure #financialdisclosure #reporting #finance #compliance #esg #esgreporting #financialreporting #xbrl #ixbrl #financialcompliance #regtech #regulation #regulatory #regulatorycompliance #financialregulation #financial #business #businessreporting #disclosure #disclosuremanagement #financialdisclosures #disclose #climatechange #climate #globalwarming #sustainability #ecofriendly #iXBRL #xbrl

The Taskforce for Nature-related Financial Disclosures (TNFD), released this week 14 disclosure recommendations that form a comprehensive set of guidelines for nature-related reporting. It allows organizations to disclose their nature-related impacts, risks, opportunities and overall dependencies (reliance), and foster transparency and accountability, in an effort to empower them for impactful action against nature loss and create a more harmonious relationship with nature. The recommendations draw from the TCFD framework and align with existing global sustainability standards like GRI and ISSB. 👉🏼 https://tnfd.global/ EY Australia prepared six case studies that provide insights on key considerations and examples of how to respond to TNFD, and assist organisations in adopting its recommendations. 👉🏼 https://lnkd.in/dbstECzC   How ready is your organisation to adopt TNFD recommendations? #TNFD #ESGReporting #ClimateAction #BetterWorkingWorld #buildingabetterworkingworld #biodiversity #nature #natureloss