Businesses worldwide have a critical role to play in addressing the inherent, existential risks of biodiversity loss. Yet, less than one-quarter (23 percent) of companies worldwide at risk from the loss of biodiversity are currently disclosing that risk in their >>> read more
News
IIRC and Kirchhoff consult study: investors rely on non-financial information – corporate reports not there yet
Source: , 30 November 2020In cooperation with Kirchhoff Consult AG, the International Integrated Reporting Council (IIRC) has investigated the extent to which investors and analysts value non-financial information, the ways they use it and the benefits they see from integrated reporting. The question of >>> read more
GRI welcomes consolidation of value reporting organizations
Source: Global Reporting Initiative (GRI), 25 November 2020The news of the formation of the Value Reporting Foundation by the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) has been welcomed by GRI. Consolidating efforts that aim to inform investors about the financial impacts of sustainability >>> read more
IIRC and SASB announce intent to merge in major step towards simplifying the corporate reporting system
Source: SASB, 25 November 2020The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) today announced their intention to merge into a unified organization, the Value Reporting Foundation, providing investors and corporates with a comprehensive corporate reporting framework across the full >>> read more
Consultation: The CDSB Framework application guidance for water-related disclosures
Source: CDSB, 25 November 2020CDSB invites comments from multi-stakeholders on the CDSB Application guidance for water-related disclosures and how it can support the integration of material water-related information in corporate mainstream reports. About the guidance The CDSB Framework application guidance for water-related disclosure (Water Guidance) >>> read more
Progress report published for project on preparatory work for the elaboration of possible eu non-financial reporting standards
Source: EFRAG, 24 November 2020On 25 June 2020, the European Commission (EC) issued a request for technical advice mandating EFRAG to undertake preparatory work for the elaboration of possible EU non-financial reporting standards in a revised Non-Financial Reporting Directive (NFRD), the ultimate objective being to allow >>> read more
55 leading international asset owners and asset managers ask companies to use SASB Standards
Source: SASB, 18 November 2020The Investor Advisory Group (IAG) of the Sustainability Accounting Standards Board (SASB) today issued an updated statement calling on companies to use SASB Standards in disclosures to investors. The IAG’s 55 members (including Dutch APG and PGGM) represent 12 countries and $41 trillion >>> read more
Refreshed global leadership for GRI Board
Source: Global Reporting Initiative (GRI), 17 November 2020GRI, provider of the world’s most widely used sustainability reporting standards, has announced changes to its Board of Directors. The appointments come at a time when corporate sustainability is high on the global agenda – reinforced by the impact of >>> read more
Green initiatives at the heart of UK financial services welcomed by ACCA
Source: ACCA Global, 11 November 2020The UK Chancellor Rishi Sunak’s announcement that it will be mandatory by 2025 for large parts of the UK economy to disclose risks to their operations from climate change is welcomed by ACCA (the Association of Chartered Certified Accountants). The >>> read more
FRC publishes future of corporate reporting discussion paper
Source: FRC, 11 November 2020The UK Financial Reporting Council (FRC) has this week released a bold discussion paper proposing a future for corporate reporting based on a principles-based framework. It outlines a blueprint for a more agile approach to corporate reporting which challenges existing >>> read more
CDP reports record disclosures, despite Covid-19, as corporate environmental action rises
Source: CDP, 10 November 2020Over 10,000 companies, cities, states and regions reported data through global environmental non-profit CDP on climate change, water security and deforestation in 2020. This is the highest number of environmental disclosures CDP has ever seen, with a significant increase in >>> read more
Driving corporate reporting for the SDGs
Source: Global Reporting Initiative (GRI), 9 November 2020A new forum will leverage the power of corporate reporting to drive action towards accomplishing the Sustainable Development Goals (SDGs), by facilitating dialogue and collaboration between companies and their stakeholders. The GRI Business Leadership Forum is built around a series of quarterly >>> read more