Core Insights - The European Financial Reporting Advisory Group (EFRAG) has launched the ESRS Knowledge Hub, an interactive online platform designed to assist practitioners, companies, and stakeholders in understanding and applying the European Sustainability Reporting Standards (ESRS) [1][4] Group 1: Platform Features - The ESRS Knowledge Hub consolidates various ESRS-related materials, including the adopted 2023 ESRS, simplified ESRS, VSME standard, and implementation guidance [2] - The platform will provide links to relevant EU legislation and global standards, along with updates from EFRAG's standard-setting discussions [3] - Historical documents and external references are included to support continuity and provide context for users [3] Group 2: Objectives and Impact - EFRAG aims for the ESRS Knowledge Hub to serve as a central point for accessing sustainability reporting resources, enhancing transparency and usability of ESRS materials [4] - The launch is viewed as a significant milestone in improving accessibility and coherence within the sustainability reporting landscape [4] - EFRAG emphasizes its commitment to strengthening the sustainability reporting ecosystem by providing a reliable and user-oriented platform [5] Group 3: Future Developments - In October 2025, EFRAG plans to expand the VSME Digital Template and XBRL Taxonomy by adding a translation tool for multiple European languages, enabling Inline XBRL reports in Spanish, Polish, Lithuanian, and Portuguese [5]

Core Insights - Canadian sustainability reporting is facing significant challenges but also presents major opportunities, with an increasing demand for high-quality sustainability-related and climate-related information [3][4] Group 1: Event Overview - The Canadian Sustainability Standards Board (CSSB) and the UN-supported Principles for Responsible Investment (PRI) are hosting a live panel discussion titled "Sustainability Disclosure in Canada: Overcoming the Headwinds" during Canada Climate Week Xchange [2][3] - The event will feature remarks from Elizabeth Dove, Executive Director of UN Global Compact Network Canada, followed by a panel discussion with regulators and sustainability disclosure leaders [3][4] Group 2: Panel Discussion Focus - Panelists will discuss the value, challenges, and future of sustainability reporting in Canada, exploring how the country can enhance its resilience and competitiveness on the global stage [4] - Attendees will have the opportunity to gain insights from key decision-makers and engage in discussions with peers navigating the evolving landscape of sustainability reporting [4] Group 3: CSSB's Role - The CSSB is responsible for developing sustainability disclosure standards for Canada, building on the global baseline set by the International Sustainability Standards Board (ISSB) [8] - The CSSB aims to promote high-quality, comparable sustainability reporting that enhances transparency, accountability, and confidence in Canadian markets [8]

🌱 #ESMA also released a fact-finding exercise on 2024 corporate #sustainability reporting practices by European issuers.💡 Disclosures on the double materiality assessment process➡️ Insights on #enforcement priorities & future regulatory improvementshttps://t.co/gBYB5nWPuf https://t.co/9rdUznw6Mu ...

🌱 ESMA supports EFRAG’s strategic direction to achieve greater proportionality in #sustainability reporting under the Corporate Sustainability Reporting Directive (CSRD).📩 Read our view in the comment letter → https://t.co/mRPh1wCnnG https://t.co/UXkknuU60J ...

Investment Rating - The report does not explicitly provide an investment rating for the telecommunications industry. Core Insights - The telecommunications industry is actively working to minimize its environmental impacts through collaborative efforts, particularly in emissions assessment and greenhouse gas (GHG) reduction across the value chain [4][9]. - The industry faces significant challenges in aligning with evolving regulations for environmental reporting, which necessitates a unified approach among stakeholders [5][12]. - Accurate carbon emissions reporting is essential for Mobile Network Operators (MNOs) and requires a shift from financial to primary emission factors to enhance precision [6][48]. Summary by Sections Introduction - The telecommunications sector is under increasing pressure to meet sustainability targets due to escalating global environmental concerns, particularly regarding GHG emissions [11][12]. - The industry aims to reduce its carbon emissions by at least 50% by 2030, with many companies setting Net Zero Carbon targets for 2040 [12][14]. Environmental Sustainability and Reporting Challenges - The ICT industry contributes approximately 1.7% of global GHG emissions, with a significant portion stemming from network infrastructure and devices [21][22]. - MNOs face challenges in adapting to various sustainability reporting standards, which can be overwhelming due to their diversity and complexity [26][27]. - Accurate data collection for environmental impact is more challenging than financial accounting, necessitating improved tools and processes [29][30]. Recommendations and Collaboration - Enhanced collaboration between MNOs and manufacturers is crucial for improving sustainability reporting and achieving shared environmental goals [8][9]. - The adoption of advanced carbon accounting tools is recommended to facilitate better emissions reporting [6][19]. Conclusions and Recommendations - The report emphasizes the need for industry-wide cooperation to effectively address environmental challenges and contribute to global climate action efforts [9][12]. - MNOs should prioritize environmental impact in their business strategies and integrate sustainability criteria into their operations [6][12].