ESG Digest №18

Global news:

• PRI updates Responsible Investment Reporting Framework for investors
• IASB initiates project to consider climate related risks in financial statements
• Taskforces merge to create social risks disclosure framework
• CDP adds reporting on plastic related impact and risks to disclosure system
• Climate Action 100+ shifts focus to implementation of climate transition plans for major emitters
• IPSASB launches development of Climate Related Reporting Standard for public sector
• IFRS to take over responsibilities of the TCFD
• IFRS releases Global Sustainability and Climate Reporting Standards, both to take effect in 2024
• IAASB launches Sustainability Reporting Assurance Standard
• TNFD calls for open source nature data
• EFRAG and GRI achieved a high level of interoperability between their respective standards
• TNFD Releases Framework for Reporting on Nature Related Risks and Opportunities
• CDP to align with ISSB Climate Disclosure Standard in 2024
• CFA Institute, PRI, GSIA issue harmonized definitions for sustainable investing

• CFA Institute launches new Climate Risk, Valuation, and Investing Certificate
• GRI, IFRS announce initiative to help companies build sustainability reporting capacity
• GRI releases proposed Climate and Energy Transition Disclosure Standards

PwC Research:

• 4 out of 5 companies adopting carbon targets in executive pay
• 98% of companies may not wait for SEC Climate Disclosure Rules to begin reporting
• Global efforts to decarbonize need 12 times faster to deliver Paris Agreement
• Climate tech investment falls in by 40%, but hits record share of VC and PE funding
• 94% of investors say corporate sustainability reporting contains unsupported claims
• TOP 50 ESG disclosure companies in Kazakhstan in 2022

ESG in Kazakhstan:

• Kazakhstan approves Carbon Neutrality Strategy
• Research: 88% of enterprises in Kazakhstan are not familiar with ESG sustainability criteria
• Kazakhstan to require ESG reporting for financial institutions starting from January 1, 2025