EFRAG (European Financial Reporting Advisory Group) has released revised Exposure Drafts of the European Sustainability Reporting Standards (ESRS), launching a 60-day public consultation. These standards aim to reduce complexity while maintaining alignment with the European Green Deal and the Corporate Sustainability Reporting Directive (CSRD).

The Net‑Zero Asset Owner Alliance (NZAOA) is a UN‑convened coalition of institutional investors managing around US $9.2 trillion in assets. NZAOA has recently unveiled a strategic roadmap to help mobilize $1.3 trillion in annual private climate finance by 2035.

On July 24, the International Financial Reporting Standards (IFRS) Foundation released near-final illustrative examples to help companies reflect climate-related uncertainties in their financial statements using existing IFRS Accounting Standards. These practical examples aim to close the gap between sustainability disclosures and audited financial reports.

The MSCI Transition Finance Tracker provides a comprehensive analysis of corporate climate ambitions and financial flows, highlighting the progress and challenges in the global energy transition. This report underscores the critical role of finance in driving decarbonization and managing climate risks.

ING’s climate targets have been validated by the Science Based Targets initiative (SBTi), confirming they align with global efforts to limit warming to 1.5°C. The bank’s climate strategy focuses on reducing carbon emissions across its portfolio and financing the transition to a low-carbon economy.