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Adhering to disclosure requirements across multiple standards and jurisdictions
Navigating multiple disclosure requirements across various standards and jurisdictions presents significant challenges for institutions, including increased costs, confusion within markets, and the need for emerging best practices. Overcoming these challenges requires dedicated assessments, alignment of reporting with evolving taxonomies, and a focus on effectively managing Environmental, Social, and Governance (ESG) risks amidst evolving sustainability regulations.
Apr 01, 2024
Vesselina Haralampieva
Vesselina Haralampieva, Associate Director, Senior Counsel, European Bank for Reconstruction & Development (EBRD)
Adhering to disclosure requirements across multiple standards and jurisdictions
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization

  • Adhering to disclosure requirements across multiple standards and jurisdictions poses challenges for institutions, including increased costs, market confusion, and the absence of emerging best practices.

  • Overcoming these challenges involves conducting dedicated assessments to identify and align with evolving taxonomies, particularly in multi-jurisdictional operations, and leveraging emerging standards such as the European taxonomy.

  • Effectively managing ESG risks requires defining responsibilities and accountability at the board and management levels, attracting relevant expertise, and setting timelines and budgets for reporting.

  • Incorporating ESG considerations into corporate functions and engaging stakeholders are vital steps, alongside preparing for assurances over sustainability reporting to ensure consistency, verification, and reliability.

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