Socialsuite

What's happening in the world ?? ?? ???????????????????? ???????????????? ?????????????? ???????????????????? ?????? Despite concerns, California upheld its 2026 climate reporting deadline for large companies, signaling strong U.S. climate action independent of SEC rulings. ????????????????????'?? ??????????????? California's strict environmental policies often set the standard nationwide, with four states now considering similar climate disclosure laws. ???? ?????????????????????????? ???????? ??????????? The EU Commission proposes delaying its deforestation regulation (EUDR) by a year, allowing countries additional time to prepare compliance systems for blocking products linked to deforestation. #sustainability #esg #progress #climatechange #CaliforniaSB219

The Australian Accounting Standards Board has released the first Australian Sustainability Reporting Standards: ? AASB S1 General Requirements for Disclosure of Sustainability-related Financial Information ? AASB S2 Climate-related Disclosures Both now available from the AASB Standards Portal: https://lnkd.in/gmPX5weR The AASB on S1: This Standard is a voluntary Standard.?Entities may elect to apply this Standard, which would require an entity to disclose information about all sustainability-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows, its access to finance or cost of capital over the short, medium or long term. The AASB on S2: This Standard, when applicable, requires an entity to disclose information about climate-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows, its access to finance or cost of capital over the short, medium or long term. #ASRS #AASB #AASBS1 #materiality #AASBS2 #climate #IFRS #ISSB

The Australian Sustainability Reporting Standards (ASRS) are set to take effect on 1 January 2025. Has your company assessed if and when you’ll need to comply with these mandatory climate-related disclosures? Join our upcoming webinar, where we will break down the key elements of the #ASRS and how to prepare. In this 45-minute webinar, our experts will: - Clarify which aspects are voluntary and which are mandatory - Provide actionable steps for your business to prepare for #compliance - Discuss how a materiality assessment helps companies focus on disclosing only relevant information - Ensure you are reporting with confidence! Don’t miss this opportunity to ask our experts all of your ASRS-related questions - Register now! ??? Webinar: Preparing for the ASRS: Report with Confidence & Clarity ??? Date: ?Thursday, 10 October 2024 ? Time: 10:00 am AWST // 1:00 pm AEDT ?? Hosts: Tim Siegenbeek van Heukelom and Ilona Marchetta? ?? Register here: https://lnkd.in/d-C-g5bV?

And that's a wrap on September ? This month, we have seen amazing progress globally in terms of sustainability regulations. From California to Australia to Hong Kong, the commitment to sustainability is here! ?? ?? A sneak peek inside: - 5 Step Guide to Build a Successful Sustainability Roadmap - September sustainability news! - On-Demand: Securing Budget for Sustainability Webinar - 2 upcoming Socialsuite webinars! #sustainability #materiality #doublemateriality #CSRD #ASRS #IFRS #esg #climate #esgreporting Seth Forman Tim Siegenbeek van Heukelom Gareth Boothby Thomas Latimer Analina Tunnell Kate Smith

The Australian Accounting Standards Board has released the first Australian Sustainability Reporting Standards: ? AASB S1 General Requirements for Disclosure of Sustainability-related Financial Information ? AASB S2 Climate-related Disclosures Both now available from the AASB Standards Portal: https://lnkd.in/gmPX5weR The AASB on S1: This Standard is a voluntary Standard.?Entities may elect to apply this Standard, which would require an entity to disclose information about all sustainability-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows, its access to finance or cost of capital over the short, medium or long term. The AASB on S2: This Standard, when applicable, requires an entity to disclose information about climate-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows, its access to finance or cost of capital over the short, medium or long term. #ASRS #AASB #AASBS1 #materiality #AASBS2 #climate #IFRS #ISSB

Most companies struggle to comprehend the new Australian Sustainability Reporting Standards #ASRS. The most pervasive mistake we hear at Socialsuite is the sole focus on GHG emissions, often going something like "yes, the Australian climate rules for GHG, but our emissions are low so we're good". Glad we partner with Ilona Marchetta to help educate Australian businesses on what the ASRS really is (spoiler: the mandatory AASB S2 on climate is effectively TCFD reporting). What's more, many do not realise that the ASRS are two separate standards: ??Voluntary?? AASB S1 General Requirements for Disclosure of Sustainability-related Financial Information (based on IFRS S1) ?? Do a materiality assessment, report on material disclosures ??Mandatory?? AASB S2 Climate-related Disclosures ?? TCFD climate disclosures including carbon footprint (Scope 1, 2, and 3) Together with Ilona, we can help you understand, prepare, and deliver on the ASRS. ? Start with our ASRS Readiness Assessment: https://lnkd.in/ee72i6vq

Materiality assessments have become essential for shaping strategy, driving effective implementation, and producing meaningful #ESG disclosures. However, there are different reasons for conducting a materiality assessment and the approach you take will depend on your company’s needs and regulatory requirements. Join us for our upcoming webinar where we'll cover: - The key reasons for conducting a materiality assessment - The different types of materiality - financial, impact, and double materiality - Pros and cons of each materiality assessment method - DIY spreadsheets, consulting, or technology-driven You'll learn how materiality assessments not only meet compliance requirements but they help align sustainability initiatives with company strategy, ensuring focus on what truly matters. ?? Webinar: Selecting the Right Materiality Assessment Approach ??? Date: ?Wednesday, October 9th, 2024 ? Time: 4:00 pm EST / 1:00 pm PST ?? Hosts: Tim Siegenbeek van Heukelom? ??? Register here: https://lnkd.in/gtmnCbvF??

The Hong Kong Institute of Certified Public Accountants (HKICPA) announced the publication of new exposure drafts with proposed sustainability-related and climate-related reporting standards for companies. Key Takeaways: ? It fully aligns with the standards issued by the IFRS Foundation's International Sustainability Standards Board (ISSB). ?? HKICPA aims to align local sustainability reporting requirements with international standards. ?? They plan to release a roadmap later this year outlining a pathway on sustainability reporting for businesses in Hong Kong. For more information on sustainability regulations in the Asia-Pacific, watch our recent Socialsuite webinar here: https://lnkd.in/geahfA8M #globalreporting #hongkong #sustainability #ifrs #issb #standardizedreporting #nonfinancialreporting #materiality #financialmateriality #doublemateriality #esg #sustainabilityroadmap

Thank you Alkali Partners for including Socialsuite in the Climate Tech landscape map.

Is the US facing the end of ESG due to the growing anti-ESG movement? Unlikely. Investors still want material ESG data in financial statements. The current conservative-led backlash against ESG is a temporary setback. We're still making progress, even if it's slower. The SEC's ESG plans (see image; source: Bloomberg Law) are still on track, although they may have been delayed. It's only a matter of time before they're adopted and implemented. Investors need information on non-financial risks and opportunities to assess long-term value creation. That's why anti-ESG policies don't make financial sense to them. For US companies, the best approach is to listen to your investors. Give them the ESG and sustainability information they need. Do a materiality assessment. It will help you find and disclose only the significant information they seek. Need help with materiality assessments? We offer insights, experience, experts, and software. Get in touch today ? https://lnkd.in/g6Wztn3K #US #SEC #ESG #sustainability #materiality #doublemateriality #climate