This is a mandatory framework that proposes disclosure of GHG emissions and climate related risks for public companies in the US. This framework uses aspects of the GHG Protocol and the TCFD framework. See our Blog Post for more details.
This is a mandatory disclosure framework that requires companies over a revenue threshold that “do business in California” to report their Scope 1, 2, and 3 greenhouse gas emissions. See our Blog Post for more details.
This is a mandatory disclosure framework that requires companies over a revenue threshold that “do business in California” to report their Scope 1, 2, and 3 greenhouse gas emissions. See our Blog Post for more details.
This is a mandatory disclosure framework developed by the European Union, aimed at enhancing corporate transparency and sustainability reporting within the European Union. Published under the European Sustainability Reporting Standards (ESRS), CSRD includes a wide range of environmental, social, and governance disclosures for EU-based companies.
This is a mandatory disclosure framework developed by the European Union. Under CBAM, organizations are required to report direct and indirect emissions from the products they import into the EU. There is a “transitional period” until December 31, 2025, where organizations are able to use estimates to calculate product emissions. However, after this transitional period, organizations are required to report the actual emissions from products purchased because starting January 1, 2026, they will be required to purchase credits to offset the carbon balance associated with their imported products.
This is a mandatory disclosure framework developed by the UK Department for Business and Trade (DBT). It will likely propose sustainability disclosures in line with the new IFRS S1 and S2 Standards.
This is a mandatory disclosure framework developed by the Government of Australia. It proposes disclosure of GHG emissions and climate related risks for Australian companies.
This is a mandatory disclosure framework developed for companies on the Singapore stock exchange (SGX). The SGX published a list of Core ESG Metrics to drive disclosures. This reporting framework is based on guidance in the Task Force on Climate Related Financial Disclosures and Global Reporting Initiative.
This is a mandatory disclosure framework published for public companies listed in Japan. Japan’s Financial Services Agency (FSA) developed this framework based on guidance in the Task Force on Climate Related Financial Disclosures.
These mandatory standards were released in February 2024. Mandatory disclosures under these standards include a wide range of ESG material, including Scope 3 emissions. The Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) published mandatory reporting requirements, while the Beijing Stock Exchange (BSE) is starting with voluntary reporting requirements. Reporting will begin in 2026 on 2025 data.
In October 2023, Brazil announced that the new International Sustainability Standards Board’s (ISSB) IFRS S1 and S2 Disclosures will be incorporated into the Brazilian regulatory framework, with mandates starting on 1 January 2026.
The International Sustainability Standards Board (ISSB) combines standards from CDP, CDSB, SASB, IIRC, GRI, and TCFD, with the goal of consolidating key standards into one global framework for sustainability reporting. IFRS S1 requires 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 (collectively referred to as ‘sustainability-related risks and opportunities that could reasonably be expected to affect the entity’s prospects’).
Under this voluntary framework, companies report on:
IFRS S1 is effective as of the annual reporting periods beginning on or after 1 January 2024. Earlier applictaion is permitted as long as IRFS S2 Climate-related Disclosures is also applied.
The International Sustainability Standards Board (ISSB) combines standards from CDP, CDSB, SASB, IIRC, GRI, and TCFD, with the goal of consolidating key standards into one global framework for sustainability reporting. IFRS S2 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 (collectively referred to as ‘climate-related risks and opportunities that could reasonably be expected to affect the entity’s prospects’).
Under this voluntary framework, companies report on
This voluntary framework focuses on measuring and reporting on greenhouse gas (GHG) emissions, energy use, and climate change strategies. Companies are expected to report on their Emissions, as well as their targets and progress in reducing emissions. CDP’s Disclosure Platform Guide provides the details for how to complete environmental disclosures with CDP.
This voluntary framework focuses on measuring and reporting on greenhouse gas (GHG) emissions, energy use, and climate change strategies. Companies are expected to report on their Emissions, as well as their targets and progress in reducing emissions. GRI Standards 301-308 offer guidance on making environmental disclosures in line with GRI. Emissions disclosures are associated with GRI-305.
This voluntary framework focuses on the financial impact of climate change on companies. Companies are expected to report on their exposure to physical and transition risks related to climate change, as well as their strategies to manage those risks. Many mandatory frameworks around the world have adopted the guidance from TCFD in their standards. NOTE: as of October 2023, the IFRS Foundation has taken over the monitoring of the progress of companies’ climate-related disclosures related to TCFD.
This voluntary framework allows companies to set emission reduction targets and benchmark their targets against other companies. SBTi is a certification body for these emission reduction targets, with strict requirements for data tracking and reporting. For details, see SBTi’s step by step guide for how to set a science-based target.