Wee-Kean Fong’s Post

What companies need to know about the first ISSB standards Standards released by the International Sustainability Standards Board (ISSB) will set worldwide #sustainability reporting requirements for decades to come. #wef24, International Sustainability Standards Board (ISSB) https://lnkd.in/eM53tGmC

As new sustainability regulations emerge, identifying how they align can be incredibly beneficial. Not only does this lower sustainability regulation fatigue, but it also enhances the rigour of your sustainability strategy. The EU's CSRD and CSDDD clearly differ in focus–one aims at transparency, while the other seeks tangible outcomes. However, their shared emphasis on environmental and social impacts creates significant compatibility. CSRD and CSDDD can be incorporated into a single sustainability assessment and activity implementation cycle. To learn more, our Netherland’s Country Manager Sytze Dijkstra talks about the important areas of overlap here: https://lnkd.in/ekhQpP2s #CSDDD #CSRD #sustainabilityreporting #eulegislation #sustainability

Where the CSRD is about reporting, the CSDDD will require companies to take action to identify and mitigate negative impacts and risks in their chain of activities.

Becoming sustainable can give your business a serious competetive advantage.  Becoming sustainable is not only future-proofing your business, it's a way of getting ahead of your competition. The 2025 EU Sustainability regulations are quickly becoming more prevalent.  Starting now will give you a competitive advantage with the right cooperation. Your success is our mission. #CSRD #competetivebusiness #sustainablebusiness

The International Sustainability Standards Board (ISSB) issued its first two sustainability reporting standards in June 2023. Endorsement of the new standards is due early next year.     We provide insight into the newly proposed requirements and review the latest climate-related disclosures ➡️ https://lnkd.in/eDQpxBKQ  #PKF #CapitalQuarter

🌍 Upcoming Sustainability Reporting Standard for Governments 🌍 Exciting developments are on the horizon! The International Public Sector Accounting Standards Board (IPSASB) is set to release a proposed sustainability reporting standard for governments next month. This new standard will address the unique responsibilities governments have in managing climate risks and setting expectations through policy. While based on private-sector sustainability standards, the public-sector version will include sector-specific guidance to cover the policy-making, monitoring, and enforcement roles of governments. The goal is to ensure consistent and comparable reporting on climate impacts across the globe. With governments playing a critical role in shaping climate-related policies, this new framework will be a major step forward in addressing global sustainability challenges. 🌿 Stay tuned for more updates! #Sustainability #ClimateChange #IPSASB #PublicSector #Governance #AccountingStandards #SustainabilityReporting https://lnkd.in/g7UeYJEw

The Sustainability Standards Board of Japan (SSBJ) released proposed sustainability disclosure standards based on the sustainability disclosure standards issued by the International Sustainability Standards Board (IASB). https://buff.ly/3UegpmS #sustainability #SSBJ #IASB

A very useful report on #sustainability, also a website worth adding to your bookmarks (#EEA, European Environment Agency). This report highlights, among other things, the complexity in designing policies to support sustainability #transitions in societies where discontinuities are often ignored: indeed, the prevailing assumption seems to be that the future will be an extrapolation of the present and recent past.

Sustainability is a very broad topic and will be soon applicable to all groups preparing consolidated accounts. 2 years to get prepared for unlisted groups! Listed entities start first, already on 2024 figures!

🌱 The concept of #sustainability, understood as the ability of a system to maintain itself in equilibrium, first emerged during the 1972 UN Conference in Stockholm. At this occasion, human responsibility for the #environment and the need to implement preventive policies to safeguard #ecosystems was recognised. Subsequently, the 1987 report "Our Common Future" defined sustainable development as "development that ensures that the needs of present generations are met without compromising the ability of future generations to meet their own needs". 💡According to the Global Reporting Initiative (GRI), more than 70 per cent of large #companies publish sustainability reports that include environmental indicators. Structuring a path to environmental sustainability, starting with an appropriate strategy, is therefore now indispensable for companies today. To learn more read our article 👉 https://lnkd.in/d2pv4BVq