CSRD, Corporate Sustainability Reporting Directive: A new directive within the EU on corporate sustainability reporting. Planned to come into force in 2023.
EU taxonomy: The EU’s taxonomy of sustainable investments contains detailed regulations to assess whether a business can be defined as environmentally sustainable. Enters into force in January 2022.
IFRS, International Financial Reporting Standards: Global accounting standard that has been developed by the International Accounting Standards Board (IASB), and which all listed companies in the EU are obliged to apply.
IFRS Foundation, International Financial Reporting Standards Foundation: A non-profit accounting organisation with the primary objective of developing and promoting IFRS through the International Accounting Standards Board (IASB), which it oversees.
NGFS, Network on Greening the Financial System: International network where central banks and financial supervisory authorities cooperate to help develop the analysis of environmental and climate-related risks in the financial sector.
NFRD, Non-Financial Reporting Directive: EU directive on reporting by non-financial corporations. The NFRD was incorporated into Swedish law through the Annual Report Act (ÅRL 1995:1554).
TCFD, Task Force on Climate-related Financial Disclosures: Created in 2015 by the Financial Stability Board for the purpose of developing recommendations for voluntary and consistent reporting of climate-related financial risks and opportunities.