Happyย Monday โ hereโs a quick compilation of notable news and headlines from the past week in case you missed it.
โ Last week was a busy one for EFRAG, who released ๐ ๐๐จ๐ฆ๐ฉ๐ข๐ฅ๐๐ญ๐ข๐จ๐ง ๐จ๐ 68 new ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐๐ง๐ฌ๐ฐ๐๐ซ๐ฌย in response to questions received from January and May on the Q&A Platform. A few notable clarifications were added in the May version, including what to do when ESRS metrics pertain to the undertakingโs own operations but the material IRO actually pertains to the value chain, how much to disclose on thresholds, how to structure the sustainability statement, the difference between substances of concern vs. very high concern and much more. Access the Q&A here: https://lnkd.in/d7kiuVRz
๐ Also just in: ๐๐ก๐ ๐๐ข๐ง๐๐ฅ ๐ข๐ฆ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐ ๐ฎ๐ข๐๐๐ง๐๐ ๐๐จ๐๐ฎ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐ ๐๐๐ย on Materiality Assessment, Value Chain and the long-awaited List of Datapoints are here. Among other things, the updated materiality guidance includes revised guidance and examples on how to think about ๐ ๐ซ๐จ๐ฌ๐ฌ ๐ฏ๐ฌ. ๐ง๐๐ญ ๐ข๐ฆ๐ฉ๐๐๐ญ๐ฌ, which has been a consistent area of concern in the stakeholder consultations as well as EFRAGโs Q&As. A quick count of the data points suggests that there has been a bit of reshuffling, at least in terms of number of potential disclosures (we count 1,126 data points in the May 2024 version vs. 1,202 in the January 2024 version). Here is a link to the documents: https://lnkd.in/e5dS2mVX
๐ค Finally, an interesting update from Bloomberg this week, especially in the wake of the growing push from regulators for (more) non-financial disclosures. Having scrutinised the transcripts of the financial presentations by the 100 biggest European and American traded companies during the latest results season, Bloomberg ๐๐ข๐ง๐๐ฌ ๐ ๐ฌ๐ก๐๐ซ๐ฉ ๐๐ซ๐จ๐ฉ ๐ข๐ง ๐ซ๐๐๐๐ซ๐๐ง๐๐๐ฌ ๐ญ๐จ ๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ๐๐ฅ, ๐ฌ๐จ๐๐ข๐๐ฅ ๐๐ง๐ ๐ ๐จ๐ฏ๐๐ซ๐ง๐๐ง๐๐ ๐ข๐ฌ๐ฌ๐ฎ๐๐ฌ. As an example, Bloomberg states that climate change and related terms generated 269 mentions in the US so far this quarter โ more than 60% fewer than a year earlier, while for European companies, climate change was mentioned 671 times, around a tenth less than a year ago.ย A sign of hashtag
green hushing says some – or maybe just a much needed reckoning (less talk, more action). Link here: https://lnkd.in/e5dS2mVX