Oluwasayo Elumaro FCCA, FCA, MBA’s Post

I know that without measuring the success of what we do, we can't achieve significant progress. That's why disclosure is so essential. It helps companies assess what they have achieved and where they need to go further. Importantly, it also helps investors know where they are investing their funds and how they are contributing to the energy transition. Disclosure on environmental, social and governance issues is becoming mandatory in many markets, elevated to the same level of scrutiny and accountability as financial reporting. There has also been great momentum in achieving more consolidated voluntary standards. Read more in this piece I wrote with Catherine (Katie) Osborn Katie Langemeier Paul Simpson OBE Mark Lee Linden Edgell Sabine Hoefnagel ERM International Sustainability Standards Board (ISSB) #esgreporting #esg #issb

In the dynamic global landscape of sustainability reporting, corporate reporters’ focus is shifting to mandatory disclosure. A pivotal moment arrived in June 2023 when the International Sustainability Standards Board (ISSB) issued its inaugural standards: International Financial Reporting Standards (IFRS) S1 and IFRS S2. Learn more on the reporting standards in our latest article: https://lnkd.in/dh2jmd2f #ISSB #IFRS #SustainabilityReporting Catherine (Katie) Osborn, Aiste Brackley, Katie Langemeier, Paul Simpson OBE

Seems we are at the change of the tide, where voluntary #ESG reporting frameworks are on the process to turn mandatory. Interested in navigating the complexities of the multiplicity on sustainability reporting? Want to be ahead of the change and plan accordingly? Ping me to discuss further

Thoughtful piece on the International Sustainability Standards Board (ISSB) and the IFRS Foundation's S1/S2 standards -- and what they mean for your company's #sustainabilityreporting. Just a few min read and worth your time! #corporatetransparency #corporatesustainability #sustainability

The end of an era! 🚫 💡TCFD recommendations incorporated into the ISSB's Standards. 💡ISSB to take over the monitoring of the progress on companies’ climate-related disclosures from the TCFD. 💡TCFD's four pillar framework of Governance, Strategy, Risk Management and Metrics & Targets lives on through ISSB's IFRS S1 & S2. 💡Companies that apply the ISSB Standards will meet the TCFD recommendations and so do not need to apply the TCFD recommendations in addition to the ISSB's Standards. 💡Companies can continue to use the TCFD recommendations should they choose to do so, and some companies may still be required to use the TCFD recommendations as is the case of bodies regulated by CBK. #sustainabilityreporting #issb #ifrs #sustainability #gri #cop28 #cop28uae #ghgprotocol #investing #sasb #cdsb

🌍 Climate Disclosure News! 🌿 The Financial Stability Board has officially announced the completion of the TCFD's groundbreaking work, marking a pivotal moment in the evolution of climate-related disclosures. 🚀 📈 Companies embracing sustainability and climate responsibility now have a streamlined path forward, with the ISSB's Standards serving as the "culmination" of the TCFD's legacy. The incorporation of TCFD recommendations into the IFRS S1 and S2 Climate-related Disclosures is a game-changer! 🔄 💼 For companies navigating the transition, utilizing TCFD recommendations remains a viable option, providing a smooth entry point into adopting the ISSB's Standards. The IFRS Foundation has thoughtfully published a comprehensive comparison of IFRS S2 and TCFD recommendations, showcasing the consistency and alignment of these frameworks. 📊 (https://lnkd.in/gQ3FcJtE) 📚 The ISSB's Standards not only embrace the TCFD's four core recommendations and eleven recommended disclosures but go a step further with additional requirements. From industry-based metrics to disclosures about planned use of carbon credits, the ISSB sets a higher standard for transparency and accountability. 🌱 👏 The TCFD has been a trailblazer, elevating the standards for climate-related disclosures, and the ISSB is now building upon this legacy. The integration of TCFD recommendations into the ISSB's standards offers a simplified approach for companies and investors, navigating through the 'alphabet soup' of disclosure initiatives. 🍲 🌐 The FSB's's call for the IFRS Foundation to monitor progress on companies' climate-related disclosures further underscores the global commitment to advancing sustainability and transparency🌐...and harmony 🧘♂️ #ClimateDisclosure #TCFD #ISSB #Sustainability #Transparency #IFRSFoundation

The TCFD is no more. Congratulations to the FSB Task Force on Climate-related Financial Disclosures (TCFD) on successfully bringing #climaterisk management and disclosure into the corporate and investor vernacular and ushering practices aligned with the TCFD recommendations into the mainstream. While there's a long way to go until markets have properly assessed, priced in, and managed climate risk, handing the baton over to International Sustainability Standards Board (ISSB) marks a transition to celebrate and build upon. #riskmanagement #climatesmartinvesting #climateaction #TCS #cop28 #climaterisk

The @IFRSFoundation and EFRAG have jointly published interoperability guidance on climate-related disclosures which illustrates the high level of alignment achieved between the IFRS sustainability disclosure standards and ESRS. 🌱 Read @PwC’s In brief for more details: https://pwc.to/3QzVdp7 #Viewpoint #IFRS #Sustainability #ESRS #EFRAG

The @IFRSFoundation and EFRAG have jointly published interoperability guidance on climate-related disclosures which illustrates the high level of alignment achieved between the IFRS sustainability disclosure standards and ESRS. Read @PwC In brief for more details: https://pwc.to/4b8C1Hr #Viewpoint #IFRS #Sustainability #ESRS #EFRAG

The @IFRSFoundation and EFRAG have jointly published interoperability guidance on climate-related disclosures which illustrates the high level of alignment achieved between the IFRS sustainability disclosure standards and ESRS. Read @PwC’s In brief for more details: https://pwc.to/3QzVdp7 #Viewpoint #IFRS #Sustainability #ESRS #EFRAG