Deal signed to align international sustainability disclosures
A deal to align sustainability reporting and standards has been agreed by two major international setting boards. The move follows rising public interest in harmonising the global sustainability reporting landscape while reducing the burden on companies through consolidating the boards’ terminology, guidance and work programmes.Under the deal, the IFRS Foundation and Global Reporting Initiative (GRI) will co-ordinate their capital market and multi-stakeholder standards to provide two ‘pillars’ of international sustainability
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UK chancellor Rishi Sunak has today confirmed a temporary windfall tax on the profits of oil and gas firms to help with the cost-of-living crisis.
Petrochemicals could be made with almost no carbon emissions if the industry invests an extra $759bn (£604bn) by 2050, according to a new report from research firm BloombergNEF (BNEF).