News Formal

Rulemakers upbeat on climate reporting, some companies not sure

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Some companies are concerned that new climate disclosure rules are overbearing, with one leading executive telling the Reuters IMPACT conference in London that regulations on reporting their carbon emissions and those of suppliers were 'over the top'.

"We're working very closely with ESRS on interoperability. It means that preparers shouldn't need to duplicate the information that's required for meeting investors' needs," Barker said.

Richard Howitt, former chief executive of the International Integrated Reporting Council, said complying with the new disclosure rules will have an appreciable cost in the first year to "transform the system", but that the EU and ISSB have both introduced extra phase-in periods to reduce the burden. Companies worry they are being overburdened with regulations and also that they will face different requirements in different jurisdictions as regulators rush to build new rules.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Brazil Congress proposes market regulations after Americanas scandal By ReutersBrazil Congress proposes market regulations after Americanas scandal
Källa: Investingcom - 🏆 450. / 53 Läs mer »