Browsing: Climate change

Newsbytes ABA urges caution on proposed sustainability auditing standards

Citing the nascent state of climate reporting and the resulting confusion by stakeholders of internal control requirements, ABA urged the International Auditing and Assurance Standards Board “to take a leading role in educating stakeholders as to the many demands of the assurance process, including the related costs and internal controls that will likely be needed” by companies reporting sustainability-related information.

Newsbytes ABA, California bankers urge state to reconsider climate disclosure law

California should take steps to ease the burden for financial institutions to comply with a new state law that requires them to report their greenhouse gas emissions, including those emissions for which they are not directly responsible, ABA, the California Bankers Association and California Credit Union League said in a joint letter.

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