UK regulatory body the Prudential Regulation Authority (PRA) has issued Standard Chartered Bank with a £46.55 million fine for systems and oversight reporting that “fell significantly below” the standards expected.

A new set of UK standards based on the IFRS Sustainability Disclosure Standards are to be rolled out that will enable companies to flag any sustainability-related risks and opportunities that they face.

The Global Reporting Initiative (GRI) and European Financial Reporting Advisory Group (EFRAG) have announced their respective impact reporting standards can be used collaboratively.

The Global Reporting Initiative (GRI) and European Financial Reporting Advisory Group (EFRAG) have partnered to launch the GRI-ESRS Interoperability Index, guidance on how to align both group’s standards.