The ESG Yearbook 2023 delves into significant ESG developments and trends across the globe, focusing on regulatory changes, key achievements, and future goals. This comprehensive report serves as a critical resource for stakeholders interested in the intersection of sustainability and corporate governance.

Global Regulatory Milestones

IFRS Global Sustainability Standards: Introduction of the first international standards for reporting sustainability and climate change impacts, setting the stage for a globally standardized reporting system.

South Korean ESG Rating Guidelines: Implementation of new guidelines to improve the transparency and reliability of ESG ratings, encouraging sustainable finance.

US Federal Reserve’s Climate Scenario Analysis: A new initiative to evaluate the potential financial impacts of climate change on the banking sector.

Regional Focus

Asia: India’s Union Budget 2023 emphasizes green growth and sustainable development, with significant investments in renewable energy and eco-friendly projects.

North America: New rules by the Corporate Sustainability Reporting Directive (CSRD) in Europe require broader and mandatory sustainability reporting for a larger spectrum of companies.

Europe: The European Union’s enhanced measures for a sustainable economy, including the ambitious Corporate Sustainability Reporting Directive (CSRD).