why this matter now?

The regulatory direction is changing. The focus is moving away from disclosure volume and toward governance quality. Both IFRS S1 and post-Omnibus CSRD point to the same idea: annual reporting should explain the value drivers that matter for value creation, resilience and accountability. 

For companies, that means governance of business model, strategy, risk and performance. For public sector entities and government bodies, it means governance of mandate, operating model, public value, stewardship and accountability.