News

Framework consultation launches to drive uptake of nature-related financial disclosure globally

CSDB launches consultation to advance the disclosure of nature-related financial information in the mainstream report and explore the role of the CDSB Framework in this process. With momentum building for climate-related financial disclosure, there is a growing imperative for environmental issues to be reported in an integrated way. The Climate Disclosure Standards Board (CDSB) announces

News

First global standard for tax transparency

No hiding place: companies need to demonstrate they pay their fair share ​The launch of a new tax reporting standard that seeks to ensure multinationals are much clearer about how much – and where – they pay their taxes has received widespread international support. The GRI Tax Standard is the first global standard for comprehensive

News

Should sustainability disclosures be standardized?

To save the world, some say to start with reporting requirements This past summer, 181 CEOs who are part of the executives’ group the Business Roundtable drafted a new statement of purpose for corporations and, with a few words, made a radical shift. For more than two decades, the group of top executives had held

News

United Nations Global Compact issues new report to help companies advance human rights

New publication provides practical solutions to businesses for embedding social sustainability into corporate strategies The United Nations Global Compact published a new report to help the business sector advance human rights. The publication — Navigating the Future of Business and Human Rights: Good Practice Examples — addresses how companies can embed human rights into their corporate strategies

News

Increased action needed on human rights reporting

Recommendations for governments to strengthen business accountability ​Governments need to do more to help businesses understand, mitigate and improve their human rights impacts – by strengthening transparency and reporting requirements. This is the key finding of a report from GRI looking at the progress countries have made towards meeting their duty under the UN Guiding

News

Next-generation corporate sustainability leadership: new lines of accountability

The environmental movement in the United States reached its zenith in the 1960s with the passage of comprehensive regulations, and ensuing market responses, to protect our land, air and water. Increasing challenges to federal regulations and enforcement, combined with worsening reports on climate change and natural resource losses, raise the question: How can we ensure

News

New guidance brings clarity on non-financial assurance

The World Business Council for Sustainable Development (WBCSD) and the Institute of Chartered Accountants in England and Wales (ICAEW) launched guidance on non-financial assurance. The publication is designed to demystify common misconceptions about assurance and help users procure fit-for-purpose assurance services.   Independent assurance can enhance credibility and trust in information found in companies’ corporate reports and

News

Where The Wild Things Are: Biodiversity and Sustainability Reporting

Are you responsible for your company’s annual sustainability report? Do you want to easily incorporate biodiversity into your reporting? If so, then IBAT’s new report functionality is for you! The World Economic Forum has stated that “the accelerating pace of biodiversity loss is a particular concern” and is now affecting health and socioeconomic development, with

News

SECR explained: Streamlined Energy & Carbon Reporting framework for UK business

What do UK businesses need to know about the government’s new streamlined energy and carbon reporting (SECR) framework? This information was updated in April 2019 The UK government’s Streamlined Energy and Carbon Reporting (SECR) policy was implemented on 1 April 2019, when the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 came

News

Accounting groups meet to discuss integrated reporting and sustainability

Top officials from the International Integrated Reporting Council, the Institute of Management Accountants and the International Federation of Accountants met in New York to discuss what steps they can take to enhance integrated reporting to provide better information on sustainability and other non-financial matters. “IMA is pleased to be a leader in transforming corporate reporting