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European Union Approves Climate/ ESG Reporting Standards
The European Commission has approved the European Sustainability Reporting Standards (ESRS) to establish uniform climate change and ESG reporting for EU companies, effective from January 1, 2024. Emerging from the European Green Deal, the standards address the reporting demands of the EU’s Corporate Sustainability Reporting Directive and Sustainable Finance Disclosure Regulation. The ESRS includes 12 standards across 4 reporting categories - general, environmental, social, and governance, aligning with the rise of ESG investing.
August 2, 2023
EU Confirms Watering Down of Corporate Sustainability Disclosures
The European Commission has finalized rules for corporate ESG disclosures, confirming a previous decision to have milder requirements. The European Sustainability Reporting Standards (ESRS) underpin the corporate sustainability reporting directive (CSRD), obligating large companies to adhere by 2024, followed by smaller peers in two years. The final rules include eased provisions for companies with under 750 employees and provide flexibility in determining "material" information.
August 1, 2023
Australia Releases Rules for Sustainability Claims to Fight Greenwashing by Companies
The Australian Competition and Consumer Commission (ACCC), Australia’s competition regulator, releases draft guidance to curb greenwashing and enhance the integrity of environmental claims. This comes after a study deemed 57% of companies' environmental claims as dubious. The guidelines focus on eight principles, demanding accuracy, evidence, transparency, and clarity in claims. Penalties for misleading representations could reach $50 million or triple the benefit gained.
July 17, 2023
HKEX Proposal for Mandatory Climate Disclosures Gets Nod from Businesses, but not Without Concerns over Timeline, Scope
Hong Kong businesses support HKEX's proposal for mandatory climate disclosures aligned with international standards, citing benefits to the city's global financial competitiveness. The move seeks to enhance climate-related disclosures under the ESG framework, transitioning from the current "comply or explain" approach. Companies recognize the importance of the initiative but emphasize the need for practicality and feasible implementation.
July 17, 2023
An ESG Loophole Helps Drive Billions into Gulf Fossil Fuel Giant
Saudi Aramco, the world’s largest oil company, capitalizes on ESG investment funds through a complex financial web. ESG investors’ participation in Aramco's pipeline financing sparks transparency and greenwashing debate, prompting regulatory scrutiny on ESG ratings. Major climate activists and campaigners express their concerns about loopholes in how ESG bond indexes are built and call for stricter ESG criteria and definitions.
July 11, 2023
IFRS Takes the Reins of TCFD, Marking a Milestone in Sustainability Reporting
ISSB (International Sustainability Standards Board) is set to lead climate disclosure efforts after taking over TCFD’s (Task Force on Climate-related Financial Disclosures) role by next year. This shift signifies progress in consolidating sustainability reporting standards and reflects ISSB 's influence after unveiling global sustainability and climate reporting standards last month. Meanwhile, G7 leaders reaffirmed commitment to the Paris Agreement, pledging support for ISSB 's standards.
July 11, 2023
Singapore Proposes Mandatory Climate Reporting for Both Public and Private Companies
Singapore makes climate-related disclosure mandatory for both public and private companies, aligning with the IFRS’ newly published ISSB disclosure standards. The plan was recommended by the Sustainability Reporting Advisory Committee (SRAC). It aims to strengthen Singapore's global business hub status as well as aid Singapore Green Plan 2030. It also revitalizes the country’s commitment to the UN’s 2030 Sustainable Development Agenda.
July 10, 2023
Hong Kong Businesses’ ESG Planning Must Look at Long Term, Go Beyond Regulatory Requirements, Says CPA Australia
Accounting body CPA Australia urges businesses in Hong Kong to adopt long-term plans exceeding regulatory demands for effective integration of ESG considerations. This advice follows the introduction of the International Sustainability Standards Board’s (ISSB) disclosure standards for climate and sustainability. However, cost and lack of talent are preventing many Hong Kong professionals to adopt ESG practices, according to a survey.
July 10, 2023
The Evolving Role of Chief Sustainability Officers
They once focused on optics and reputation. Today many are interacting with investors and helping set strategy.
July 1, 2023
New carbon accounting rules target 'greenwashing'
Common standards unveiled for companies to report their greenhouse gas emissions could curb misleading climate claims in the corporate world, the chair of the body that wrote the norms told AFP.
June 26, 2023
IFRS Releases Global Sustainability and Climate Reporting Standards
The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced today the official launch of its new global sustainability and climate disclosure standards, expected to form the basis for emerging sustainability reporting requirements by regulators around the world, and marking a major step towards the integration of sustainability reporting into the broader financial reporting process.
June 26, 2023
ESG Regulations Have Increased 155% In the Last Decade
Global ESG regulations have surged by 155% over the past decade, driven by increased focus on climate legislation and sustainable practices. An analysis by ESG Book based on the World Business Council for Sustainable Development (WBCSD), Reporting Exchange platform, revealed that the number of new ESG regulations has significantly increased worldwide since 2011. T+C30:E38he rise has sparked debates about whether such regulations facilitate sustainability or burden companies with excessive compliance.
June 20, 2023
Now acquiring green skills can get you job as demand is increasing
Certain industries in India such as farming, ranching, forestry (53.29%), and construction (49.46%) have witnessed significant advancements in green transformation and substantial growth of green talent share in India. Sectors such as oil, gas, and mining exhibit a notable presence of green talent (28.77%) along with high year-over-year growth (13.56%).
June 5, 2023
Green skills shortage threatens Europe’s climate ambitions
People are not developing green skills at anywhere near a fast enough rate to meet climate targets,” says Sue Duke, head of global public policy for the professional network LinkedIn. Some researchers conduct assessments to determine the size of the workforce involved in sectors crucial for achieving the goal of net zero emissions, such as renewable energy or electric vehicle production. Their findings consistently reveal that green jobs account for less than 5% of total employment in developed economies.
May 30, 2023
ESG' in US finance job titles comes with 20% pay premium
According to Revelio Labs economist Loujaina Abdelwahed, salaries of ESG and non-ESG personnel started to diverge in 2020, in line with the spike in hiring in ESG roles due to the increasing focus on ESG and sustainable investing in the finance sector. On a six-month moving average basis, roles associated with ESG factors surpassed non-ESG roles in June 2020. Furthermore, in August 2021, ESG-tagged roles experienced a significant surge, reaching a peak of approximately $109,846, which was $20,000 higher than non-ESG roles.
May 20, 2023
Wanted: More skills for workers as green jobs grow
According to experts in the labor market, a significant impediment to the growth of the green economy is the global lack of the skills required to support its development. These skills are often not adequately recognized, understood, or promoted, leading to a gap in the workforce.
May 3, 2023
Solving the sustainability careers and connection crisis
The “war for ESG talent” is causing companies to face challenges in filling key positions to achieve their sustainability goals. A sustainability business expert suggests that this is due to intense competition among companies for top-notch talent.
April 4, 2023
Green jobs hiring rises as companies eye sustainable growth
Green job opportunities in India surged 80-100% from last year amid a lack of talent in this emerging field. Companies are turning to younger employees to train them for this new talent.
March 22, 2023
Accountants are the green finance advisers of the future
Written By Daniel Leung
March 13, 2023
Ministries, statutory boards to report sustainability efforts annually
From 2024, tender evaluations for large construction or ICT projects – both of which account for more than 60 per cent of the value of government procurement contracts awarded – will have a sustainability component.
March 2, 2023
Nearly All Large Global Companies Disclose ESG Information
For three consecutive years, an increasing number of global companies have disclosed information on their environmental, social, and governance (ESG) matters. Reporting has increased, peaking at 95% in 2021, from 92% in 2020 and 91% in 2019.
March 1, 2023
Companies scout for top ESG talent to drive sustainability plans
Executive search firms Korn Ferry, Transearch, and Claricent Partners report that companies in various sectors, including mining, consulting, paper pulp, electric vehicles, cement, FMCG, and finance, are seeking ESG leaders to drive their sustainability efforts. These leaders must prioritize eco-friendly processes, enhance transparency in reporting, and create a sustainable road map for the long haul. These firms have observed a two to three-fold increase in such mandates.
February 23, 2023
Hong Kong needs ESG talent, but what makes someone qualified?
Companies in Hong Kong are urgently seeking the right talent who can help them meet their sustainability goals, but finding the right skill set is a challenge.
February 1, 2023
Driving Value Through ESG Integration
A Deloitte survey revealed that 25% of employees are willing to leave their current job to work for a more environmentally conscious company. Moreover, 48% of Gen Zs and 43% of millennials are pressuring their employers to address climate change.
January 17, 2023
The social and green jobs the world needs to fill
According to a study by the World Economic Forum in comparing social and green jobs across ten countries relative to the four benchmark countries, the world would require over 60 million social jobs and 12 million green jobs to help address social mobility and environmental gaps.
January 12, 2023
Green jobs are booming, but too few employees have sustainability skills to fill them – here are 4 ways to close the gap
The corporate world cannot tackle today’s sustainability challenges with just a handful of chief sustainability officers. Instead, it needs a pool of talents in all business domains to help make sustainability decisions.
January 5, 2023
Welcome to 2023: ESG & employees still win even in economic uncertainty
Environmental, social, and governance (ESG) concerns and the power shift in favor of in-demand employees will emerge as business-as-usual topics in 2023, despite the prevailing global economic uncertainty.
January 3, 2023
ESG Presents Huge Business And Career Opportunities In 2023
The future of companies and careers lies in being ESG-savvy and being able to see through the ESG lens which can reveal risks and opportunities that may otherwise be overlooked.
December 27, 2022
ESG Presents Huge Business And Career Opportunities In 2023
In this ESG 2.0 economy, staying ahead in the game requires a deep understanding of ESG and its impact. Many leaders agree that viewing your business or career through the ESG lens can uncover hidden risks and opportunities.
December 27, 2022
Why does ESG hold great job prospects in India
A new study by Indeed, the global employment site, reported that jobs in the environmental, social, and governance (ESG) industry grew by 468% in India over the last three years.
November 3, 2022
How firms can meet the booming demand for ESG jobs
Since the 2021 launch of the Singapore Green Plan 2030, ESG job demand has soared to 257% in the past three years, according to job portal Indeed. In fact, the National Trades Union Congress (NTUC) LearningHub’s Special Report 2022 found that 70% of employers are actively seeking to hire sustainability professionals in the next two years.
October 1, 2022
Enrolments for ESG courses surge in Hong Kong amid exponential demand for staff with requisite skills
In a competitive job market, companies are prioritizing ESG training to empower their staff and achieve their sustainability goals, according to a recruiter. The growing interest in ESG education indicates a flourishing ecosystem for ESG as a promising career path.
September 6, 2022
EXCLUSIVE China tightens green bond rules to align them with global norms
Written By Samuel Shen & Brenda Goh
August 24, 2022
ESG Regulatory Newsletter
Published by Accenture
August 2, 2022
Why sustainable governance and corporate integrity are crucial for ESG
Written By World Economic Forum
August 1, 2022
ESG talent is critical for advancing sustainability strategy
Embed sustainability goals in your ESG strategy for a long-term successful implementation and real action plan.
June 9, 2022
ESG Compliance: Understanding the Patchwork of ESG Regulations
Written By Scott Lang
May 9, 2022
Why Regulatory Compliance Is More Important Than Ever in 2022
written By Kezia Farnham
May 6, 2022
Mind the ESG skills gap: Asia's workforce is greening too slowly
In Asia Pacific, hiring for sustainability-related jobs is growing. So is the talent gap and the shift to a greener workforce is unequal too.
April 20, 2022
Sustainable investing boom prompts fierce fight for talent
Demand for experts in sustainable investing is now an intense battle as fund managers bid for talents and drive up salaries by 50% for top hires. According to headhunters and executives, jobseekers are benefiting from the fierce competition with multiple offers while their current employers are making concerted efforts to retain them.
March 21, 2022
Sustainable finance expert says investors should have learned lessons after annexation of Crimea
Written By Ed Moisson
March 11, 2022
How To Integrate ESG Criteria Into Financial Analysis? The Case Of Coca Cola
Written By Shivaram Rajgopal
February 1, 2022
$500bn Green Issuance 2021: social and sustainable acceleration: Annual green $1tn in sight: Market expansion forecasts for 2022 and 2025
Published By Climate Bonds
January 31, 2022
Designing Your Company’s Sustainability Report
Written By Solitaire Townsend
January 30, 2022
Shifting Paradigms Of Sustainability: Measuring The Impact Of Organizational Efforts
Written By Pablo Turletti
January 26, 2022
8 innovations in advanced manufacturing that support enhanced ESG reporting
Written By Felipe Bezamat, Alexandra Leona Schwertner
January 17, 2022
Designing Your Company’s Sustainability Report
Written By Tim Rogmans and Karim El-Jisr
January 14, 2022
The challenge of double materiality: sustainability reporting at a crossroad
Written By John Sayer
January 13, 2022
ESG Is Here And There’s No Turning Back
Written By Julie Iskow
January 11, 2022
Which job commands 50 per cent salary premium in 2022? The key is to brush up on environmental, social and governance strategies
"ESG jobs command salary premiums of anywhere from 15 per cent to up to 50 per cent, as companies scramble to snare suitable candidates, recruiters say. "
January 8, 2022
What Companies Can Do To Prepare For The SEC’s Climate Disclosure Regulations
Written By Andrew Bruce
October 14, 2021
Are Universal Sustainability Standards And ESG Reporting The Key To Net Zero?
Written By Felicia Jackson
October 5, 2021
How will upcoming EU legislation on sustainability reporting benefit your business?
Written By Sophie Chirez & Julie Stuckens
August 27, 2021
True transparency requires in-depth reporting
Published By GRI
July 29, 2021
The International Sustainability Standards Board As An Ideological Rorschach Test
Written BY Robert G. Eccles
July 13, 2021
PwC planning to hire 100,000 over five years in major ESG push
Accounting firm PwC would invest $12 billion over five years to create 100,000 new jobs in a major ESG push aimed at helping its clients with climate and diversity reporting.
June 16, 2021
What Gets Measured Gets Managed: How Sustainability Reporting Can Help Save The Planet
Written By World Economic Forum
January 26, 2021

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