SOFR and Sustainability reporting: Difference between pages

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imported>Doug Williamson
(Update for LIBOR transition.)
 
imported>Doug Williamson
(Create page. Source: BC CCC webpage https://ccc.bc.edu/content/ccc/research/corporate-citizenship-news-and-topics/sustainability-reporting.html)
 
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''US interest rate benchmarks''.
''Corporate reporting - ESG.''


SOFR is the Secured Overnight Financing Rate.  
Sustainability reporting is the disclosure and communication of an organisation's:
*Environmental, social, and governance (ESG) goals, and
*Performance measured against those goals.


This is a broad treasuries repo financing rate, recommended as a benchmark by the Alternative Reverence Rates Committee (ARRC) of the Federal Reserve.


It is published by the New York Fed at approximately 8am local time.
== See also ==
* [[Accounting for Sustainability]] (A4S)
* [[Business & Sustainable Development Commission]]
* [[CDP]]
* [[Corporate social responsibility]]
* [[ESG]]
* [[ESG investment]]
* [[Global Sustainable Investment Alliance]]
* [[GRI]]
* [[Sustainability]]
* [[Sustainability bond]]
* [[Sustainability Linked Loan Principles]]
* [[UK Sustainable Investment and Finance Association]]


 
[[Category:Accounting,_tax_and_regulation]]
3 April 2018 was the first time SOFR was published. It is calculated based on actual transactions and is a volume-weighted median.
[[Category:The_business_context]]
 
[[Category:Corporate_finance]]
In the first three months of the publication of SOFR the underlying overnight lending transaction volume was on average approximately USD 800 billion.
[[Category:Investment]]
 
[[Category:Long_term_funding]]
 
[[Category:Compliance_and_audit]]
LIBOR, which was historically used as the main benchmark rate, is in the process of being discontinued following multiple irregularities and lack of sustainability in the absence of an active underlying market.
[[Category:Ethics]]
 
[[Category:Identify_and_assess_risks]]
SOFR is the new benchmark USD rate (alternatively known as risk-free rate) and ARRC is working with the industry to transition to SOFR from LIBOR.   
[[Category:Manage_risks]]
 
[[Category:Risk_frameworks]]
 
[[Category:Risk_reporting]]
==See also==
[[Category:Financial_products_and_markets]]
*[[Alternative Reference Rates Committee]]
*[[Federal Reserve]]
*[[IBOR]]
*[[LIBOR]]
*[[Reference rate]]
*[[Risk-free rates]]
*[[Repo]]
*[[SOFR term rate]]
*[[SONIA]]
*[[Treasury]]
 
 
===Other links===
 
[[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]]
 
[[Category:Corporate_financial_management]]

Revision as of 23:49, 1 February 2021

Corporate reporting - ESG.

Sustainability reporting is the disclosure and communication of an organisation's:

  • Environmental, social, and governance (ESG) goals, and
  • Performance measured against those goals.


See also

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