Urban Green Council
Most multifamily buildings have a straightforward and actionable path to compliance.
Local Law 97 (LL97) is sometimes cast as a law about gleaming Manhattan office towers and luxury condos. While they draw the headlines, most of LL97’s 50,000 covered buildings are the more ordinary places where many New Yorkers live: co-ops, condos, market-rate rentals and rent-stabilized apartment buildings.
by IFRS
This week marks the issuance of the inaugural IFRS Sustainability Disclosure Standards, designed to provide a global baseline of sustainability-related disclosures for the capital markets.
Better information leads to better economic decisions. IFRS S1 requires companies to communicate the sustainability-risks and opportunities they face over the short, medium, and long term. The requirements are designed to ensure that companies provide investors information relevant to decision-making. IFRS S2 sets out specific climate-related disclosures and is designed to be used with IFRS S1. Both Standards are based on recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
ESG Today
The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced today the official launch of its new global sustainability and climate disclosure standards, expected to form the basis for emerging sustainability reporting requirements by regulators around the world, and marking a major step towards the integration of sustainability reporting into the broader financial reporting process.
The new standards will begin applying for annual reporting periods beginning as of January 2024, with companies beginning to issue disclosures against the standards in 2025.