Climate change

The board has postponed the expected completion date of its merger with the Value Reporting Foundation to August 1.

The group is urging CFOs and other finance leaders to improve the quality of sustainability information and processes by championing an “integrated mindset.”

The International Sustainability Standards Board is reaching quorum strength with the latest appointments.

The Sustainability Accounting Standards Board held its final public meeting Wednesday ahead of the consolidation of its parent organization, the Value Reporting Foundation, into the International Sustainability Standards Board by the end of June.

A new analysis finds that when renewable energy credits — which have come under heavy scrutiny — are removed from companies’ carbon accounting, many businesses are no longer on track for meeting climate goals pegged to the Paris Agreement’s aims of limiting global warming to 1.5° or 2° Celsius.

Companies with plans to eliminate greenhouse gas emissions have so far not managed to meet the most basic criteria, according to a new analysis.

The Top 100 Firm aims to recognize U.S.-based businesses that are “changing the game” with their commitment to environmental, social and governance practices.

The foundation laid out how it will be using the standards and the integrated reporting framework it is inheriting from the Value Reporting Foundation.

Climate change could cost the global economy $178 trillion over the next 50 years, a 7.6% cut to global GDP in 2070 alone, according to estimates from the Big Four firm.

Finance ministers and central bank governors are asking the new board to go beyond climate change disclosures to set standards in other areas related to nature and social issues.

The board described some broad steps Wednesday to achieve the baseline by the end of the year.

The board asked for input on a proposal for a sustainability reporting framework, echoing recent moves in the private sector.

The Securities and Exchange Commission extended the comment period Monday for approximately a month on its proposed rules for climate-related disclosures, giving commenters until June 17, 2022 to send in their feedback.

Lawmakers are weighing a tax that would slap a levy on imports of carbon-intensive goods from countries with weaker climate policies.

The board is setting up a new working group of representatives from various jurisdictions around the world, including the SEC.

The lobbying comes as Democrats and the White House work to advance a new version of the so-called Build Back Better Act.

The profession is turning its attention increasingly toward environmental matters to help clients adjust to new demands for climate and sustainability reporting.

Deloitte plans to bolster its advisory, assurance, audit, consulting, finance and tax services and equip its 345,000 professionals with related skills.

The CSO is the hot new spot in the C-suite, but there’s little consensus over the job description, qualifications or even the goals.

Kurt Sartorius will paddle the Rio Madre to survey deforestation and bring awareness to what the profession can do to fight climate change.