StandardsSustainability

Global Standard Puts Corporate Biodiversity Accounting on Par With Climate Reporting

Companies worldwide now have their first international standard for measuring and managing biodiversity impacts. The ISO 17298 framework could revolutionize corporate sustainability reporting by treating nature as capital rather than compliance obligation.

New Global Standard Transforms Corporate Nature Accounting

In what analysts suggest could become a watershed moment for corporate sustainability, the International Organization for Standardization has launched the first global framework for biodiversity accounting. According to reports, ISO 17298 establishes comprehensive guidelines for how organizations measure, manage and report their relationship with nature, potentially creating the same transformative effect for biodiversity that the Paris Agreement achieved for climate accountability.

Business

B&M Financial Chief Resigns Following Accounting System Error That Lowered Profit Outlook

B&M’s chief financial officer has stepped down following an accounting system error that caused the retailer to significantly lower its profit guidance. The company reportedly failed to correctly recognize approximately £7 million in freight costs, impacting its 2026 financial outlook.

Leadership Change at Discount Retailer

The chief financial officer of B&M has resigned from his position after what sources indicate was an accounting error related to freight cost recognition. According to reports, Mike Schmidt decided to step down from his role at the UK-listed discount retailer but will remain during the transition period while the company searches for his successor.