In a report that is released today, a team from Erasmus School of Economics, the World Business Council (WBCSD), and Impact Centre Erasmus show why determining materiality is a challenge and the main steps in materiality assessments. Although regulators, shareholders, >>> read more
Global practices for sustainability assurance—including the prevalence of assurance, level of assurance, and standard and practitioner used—varies widely by jurisdiction, according to a new study from the International Federation of Accountants (IFAC) and the AICPA & CIMA (representing the Association of International >>> read more
168 investors from 28 countries, including Amundi, Aviva, Cathay Financial Holdings, HSBC Global Asset Management, Legal and General Investment Management, M&G Investments, Nuveen, Schroders and Union Investment are urging companies with a high environmental impact to disclose data through CDP, the non-profit global environmental disclosure platform. The >>> read more
EFRAG Secretariat seeks comments from stakeholders on its Public Consultation Paper: EFRAG Due Process Procedures on EU Sustainability Reporting Standard-Setting. Comments are welcome by 15 September 2021. The European Commission’s proposal for a Corporate Sustainability Reporting Directive (CSRD) envisages the adoption >>> read more
The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) today officially announce their merger to form the Value Reporting Foundation. The Value Reporting Foundation supports business and investor decision-making with three key resources: Integrated Thinking Principles, >>> read more
The IFRS Foundation Trustees have today announced the establishment of an Eminent Persons Group, chaired by Jean-Claude Trichet, to provide strategic advice and counsel to the Trustees on the proposed formation of the International Sustainability Standards Board and its connectivity >>> read more
Major financial institutions and multinational corporates have endorsed the launch of a new market-led Taskforce on Nature-related Financial Disclosures (TNFD), which will support business in assessing emerging nature-related risks and opportunities. More than half of the world’s economic output – US$44tn >>> read more
As the global community marks World Environment Day (5 June), the growing biodiversity crisis emphasizes why businesses need to step up and be accountable for their impacts on the world, with an updated reporting standard for biodiversity required. The Biodiversity >>> read more
A white paper commissioned by GRI investigates the application of materiality in sustainability reporting – highlighting why disclosing impacts that go beyond those that are financially material benefits organizations while supporting sustainable development. The paper – The double-materiality concept: application and >>> read more
An initiative to safeguard the continued development of the GRI Standards has secured a new supporter. Multinational professional services network PwC has joined the GRI Global Standards Fund. The Fund enables the continued independent and multi-stakeholder development of the world’s most >>> read more
BNP Paribas Asset Management (‘BNPP AM’) and CDP today announce a partnership to explore and support the development of common biodiversity corporate reporting metrics. With BNPP AM’s backing, CDP will start to develop a common, globally relevant corporate biodiversity reporting >>> read more
A consultation has launched to gather feedback on two proposed new Standards under GRI’s Sector Program, which will increase transparency within sectors by focusing attention on the sustainability issues that matter most. Adding to the Oil and Gas Sector Standard, >>> read more