The Sustainability Accounting Standards Board (SASB) today announced that 17 ESG data and analytics providers have a licensing relationship with SASB, increasing the options for investors to access comparable ESG data that is linked to financial performance and enterprise value creation. SASB >>> read more
News
Tim Mohin departs from GRI
Source: Global Reporting Initiative (GRI), 15 October 2020After nearly four years, Tim Mohin has decided to step down from his post as Chief Executive of GRI. As an American expat in the Netherlands, he decided that he would prefer to explore new career opportunities in the US >>> read more
BlackRock backs harmonising sustainability reporting rules
Source: Reuters, 14 October 2020(Reuters) – BlackRock BLK.N, the world’s biggest asset manager, said it supports harmonising sustainability accounting rules and standards globally so investors can better track how companies are transitioning to a lower-carbon economy. Sandy Boss, head of investment stewardship overseeing the >>> read more
Rising trust in sustainability reporting around the world
Source: Global Reporting Initiative (GRI), 14 October 2020Research across 27 markets has found that trust in how companies communicate their sustainability performance has increased to a record 51% this year, with significant variations by country. The survey from GlobeScan and GRI asked 1,000 people in each location >>> read more
The Sustainability Board Report 2020
Source: The Sustainability Board Report, 6 October 2020The Sustainability Board Report aims to showcase different dimensions of good corporate governance and the importance of sustainable corporate leadership. The 2019 Report found that, despite significant variation in the quality and quantity of sustainability reporting, including across regions, there >>> read more
SASB and GRI Launch Survey to Gather Feedback From Reporters
Source: SASB, 6 October 2020Following the launch of a collaborative workplan between Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB), the standard-setters are working together to develop materials that show how the two sets of reporting standards can be used together. This project, >>> read more
IFRS Foundation Trustees consult on global approach to sustainability reporting and on possible Foundation role
Source: IFRS Foundation, 1 October 2020The Trustees of the IFRS Foundation have published a Consultation Paper to assess demand for global sustainability standards and, if demand is strong, assess whether and to what extent the Foundation might contribute to the development of such standards. The IFRS Foundation >>> read more
Investors value corporate sustainability performance and the quality of sustainability reporting
Source: Wiley Online Library, 30 September 2020The value relevance of corporate sustainability performance (CSP) has been studied from different theoretical perspectives, yielding inconclusive evidence. Therefore, it is imperative to revisit corporate sustainability performance relevance for investors. This study explores the value relevance of corporate sustainability performance >>> read more
“Existing standards capture sustainability”, says Hans Hoogervorst (Chair of the International Accounting Standards Board)
Source: IFRS, 29 September 2020Chair of the International Accounting Standards Board (Board) Hans Hoogervorst delivered the keynote speech at the IFRS Foundation Virtual Conference. He focused on the impact of the coronavirus pandemic on the Board’s work and described some of the useful information >>> read more
Leading banks and companies join UK, French, Swiss and Peruvian governments in effort to set up a Task Force on Nature-related Financial Disclosures
Source: Task Force on Nature-related Financial Disclosures (TNFD), 28 September 2020Efforts to establish a Task Force on Nature-related Financial Disclosures (TNFD) have today passed an important milestone with the announcement of an Informal Working Group (IWG) comprising some of the world’s biggest banks, investors and companies, as well as governments >>> read more
A response to the WEF and Big 4
Source: , 28 September 2020Once upon a time there was a glimmer of hope that accountants could save the planet. The motivation for this report is unclear and expressed differently in different parts. But it is not going to save the planet. Stakeholder Capitalism >>> read more
Accountancy Europe welcomes cooperation by sustainability reporting bodies
Source: Accountancy Europe, 25 September 2020Accountancy Europe says: “A crucial step towards global standards for non-financial information (NFI) reporting: that’s how we view the joint statement that CDP, CDSB, GRI, IIRC and SASB issued on 11 September 2020″. This is an unprecedented and much awaited move towards cooperation by the 5 leading global organisations on sustainability and integrated reporting. We >>> read more