A recent article in the Financial Times neatly pinpoints an underlying problem with sustainability reporting: the proliferation of frameworks that threaten to overwhelm investors and reporters. In the view of XBRL (the business reporting standard), it comes down to the >>> read more
Integrated reporting identified as key method to help firms tackle future risks they face
Source: ACCA Global, 27 May 2020The Association of Chartered Certified Accountants’ (ACCA) latest report Insights into Integrated Reporting 4.0, covers 48 companies – each are members of the International Integrated Reporting Council (IIRC) Business Network. As economies and companies around the world prepare for imminent recession >>> read more
Civil society calls for EU policy reforms & standards on corporate sustainability reporting
Source: Business & Human Rights, 26 May 2020The EU Commission initiated the reform of the EU Non-Financial Reporting Directive (NFRD). The severity of COVID-19 and its economic and social consequences have underlined the need to further and strengthen our efforts. The undersigned civil society organisations welcome this >>> read more
IIRC announces new Chair of Council to drive consensus towards a global reporting system
Source: IIRC, 26 May 2020Conor Kehoe, former McKinsey & Company senior partner, has been appointed Chair of the International Integrated Reporting Council (IIRC) and will work with the IIRC Board and executive to achieve a global consensus on the structure and implementation of a >>> read more
GRI announced the Agriculture and fishing standard – project group
Source: Global Reporting Initiative (GRI), 25 May 2020Global Reporting Initiative (GRI) have announced the members of the project working group leading the work to create a new sustainability reporting standard for agriculture and fishing. The multi-stakeholder group, which includes diverse representatives from around the world, has met virtually >>> read more
Sustainability reporting and IFRS
Source: XBRL, 22 May 2020There is a compelling case for the IFRS Foundation to help develop globally comparable standards for sustainability reporting – according to a recent speech from IFRS Foundation Trustee Teresa Ko. Ko’s speech, given at the inaugural meeting of the Hong >>> read more
IIRC opens 90-day consultation on revisions to the International Framework
Source:
IIRC, 22 May 2020
Over the next 90 days, the International Integrated Reporting Council (IIRC) calls for your feedback on a new Consultation Draft, proposing revisions to the International <IR> Framework. The need for multi-capital thinking is more urgent than ever before, as businesses around the >>> read more
78% of Europe’s largest companies falling short of adequately reporting environmental and climate-related risks despite EU guidelines
Source: CDSB, 19 May 2020The findings from the latest analysis of environmental and climate-related disclosure by Europe’s major companies reveal that current corporate reporting practices could fall short on delivering on the objectives of the European Green Deal and the 2050 climate neutrality target. Launched today, the Climate Disclosure Standard Board’s (CDSB) “Falling short?” report analyses the 2019 environmental and climate-related disclosures of >>> read more
Launch of sustainability standard to challenge status quo on waste
Source: Global Reporting Initiative (GRI), 19 May 2020Organizations now have the means to disclose a complete picture of the waste impacts in their activities, products and services – following the launch of a new reporting standard by GRI, provider of the leading global sustainability standards. The GRI >>> read more
Call for mandatory non-financial reporting in EU – built on GRI
Source: Global Reporting Initiative (GRI), 15 May 2020This week there has been an insightful contribution to the debate about sustainability disclosure in the EU, provided by Carol Adams, Professor of Accounting at Durham University Business School. Writing for EURACTIV on 13 May (Europe needs mandatory non-financial reporting to >>> read more
CDP and CDSB team up to provide the building blocks for successful TCFD disclosure
Source: CDSB, 12 May 2020More than 1000 organisations have declared their support for the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. However, there is still confusion in the market regarding where companies can get the data from and how to properly report it. >>> read more
ACCA calls for accountants to be at the vanguard of building ethical and sustainable organisations that are valued by society
Source: ACCA Global, 12 May 2020ACCA (the Association of Chartered Certified Accountants), the global body for professional accountants, has called for its members to champion the ethical standards and sustainable business practices that will build organisations that deliver more than shareholder profit. Its new report, Accountants, >>> read more