GRI has welcomed that the European Commission is maintaining its ambition to achieve progress in corporate transparency on sustainability impacts, following publication of the proposed new Corporate Sustainability Reporting Directive (CSRD). The CSRD would have a significantly extended scope than the current >>> read more
European Commission adopts proposal for a Corporate Sustainability Reporting Directive (CSRD)
Source: European Commission, 21 April 2021Today, the European Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD), which would amend the existing reporting requirements of the NFRD. This will extend sustainability reporting requirements to all large & listed companies. About 50.000 companies (compared >>> read more
AFME calls for more consistent ESG Reporting Requirements to help deliver Europe’s Sustainable Finance ambitions
Source: AFME, 14 April 2021The Association for Financial Markets in Europe (AFME) has launched today (14th) a report highlighting the need for financial institutions to have access to consistent non-financial reporting from corporates to be able to support the transition to a low-carbon economy. >>> read more
A roadmap for accelerating integrated reporting assurance
Source: IIRC, 12 April 2021Since the IIRC was formed with the support of IFAC in 2010, the number of organizations using integrated reports to communicate their value creation story has increased, with now more than 2,500 businesses in over 70 countries implementing integrated reporting. >>> read more
Practical guide shares experiences of using GRI and SASB standards together
Source: Global Reporting Initiative (GRI), 8 April 2021Joint research from the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) explores the experiences of companies that use the two sets of standards together to fulfil their reporting needs. A Practical Guide to Sustainability Reporting Using >>> read more
Another step towards more accurate sustainability reporting: new model to estimate carbon capture by trees
Source: Chartered Accountants Australia New Zealand, 31 March 2021Researchers have come up with a new model to estimate carbon capture by trees enabling more accurate sustainability reporting. Sustainability reporting is becoming increasingly important. Most of the world’s largest 250 companies now periodically produce sustainability reports on which auditors >>> read more
EFRAG meets with international sustainability reporting standard setters and other related initiatives
Source: EFRAG , 26 March 2021EFRAG and the European Commission met for a second time with leading international sustainability reporting standard setters and other related initiatives to present recommendations for the development of EU sustainability reporting standards and explore possible cooperation in a co-constructive spirit, promoting convergence and maintaining >>> read more
IFRS Foundation Trustees announce working group to accelerate convergence in global sustainability reporting standards focused on enterprise value
Source: IFRS Foundation, 23 March 2021The Trustees of the IFRS Foundation yesterday announced the formation of a working group to accelerate convergence in global sustainability reporting standards focused on enterprise value and to undertake technical preparation for a potential international sustainability reporting standards board under >>> read more
Launch of new GRI guide on using policy to enable transparency
Source: Global Reporting Initiative (GRI), 22 March 2021With rising policy measures across global markets in support of responsible business conduct, GRI has launched a new publication to set out how policymakers can use the power of transparency to affect positive change. The GRI Standards: A Guide for >>> read more
IFAC Convenes Leadership of Global Accountancy Profession to Progress Sustainability Agenda
Source: IFAC, 15 March 2021The International Federation of Accountants (IFAC) last week convened over 150 chief executives and senior leaders of professional accountancy organizations around the world, together with its Board of Directors, to discuss critical issues relevant to the future of the accountancy >>> read more
The Tipping Point Fund on Impact Investing provides grants to support IIRC, SASB merger
Source: The Tipping Point Fund, 12 March 2021The Tipping Point Fund on Impact Investing (TPF), a donor collaborative vehicle with a mission of scaling the practice of impact investing, today announced that it would award a combined $500,000 in two grants to the International Integrating Reporting Council >>> read more
GRI: IFRS proposals on corporate sustainability are a step in right direction
Source: Global Reporting Initiative (GRI), 9 March 2021An update on the IFRS sustainability standards consultation process offers encouraging signs that their changes can strengthen financial reporting by companies, which alongside sustainability reporting with both on an equal footing, would improve transparency on sustainability risks and opportunities – >>> read more