Sustainability and climate risk reporting have grown more complex over the past year, driven by new standards like the Taskforce on Nature-related Financial Disclosures (TNFD), Corporate Sustainability Reporting Directive (CSRD), International Financial Reporting Standards (IFRS) and the Transition Plan Taskforce (TPT) recommendations. At the same time, expectations of insurance regulators including the Bermuda Monetary Authority continue to tighten. These changes extend beyond large, publicly listed entities to smaller and private companies, especially those with private equity backing, such as those planning public listings or debt restructuring. Insurance, asset, and wealth management sectors must navigate varying regulations across jurisdictions. Our global perspective guides how organizations can prepare for and manage these evolving requirements.
Originally published by Crowe UK, 12 February 2024
