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Accounting for climate risk is now the auditor’s business

As the June reporting season looms, auditors have received further guidance on reporting climate change risk. Auditors have been put on notice that they need to consider their clients’ climate-related risks and, if material, determine whether those risks are adequately disclosed in the financial statements. A joint bulletin issued by the Australian Accounting Standards Board

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Open call for Standards governance bodies

Opportunities to join GRI’s Global Sustainability Standards Board and Due Process Oversight Committee​ Nominations are being welcomed for membership of two bodies that are critical to the success of the GRI Standards – the world’s most trusted and widely used sustainability reporting framework. GRI is seeking new members for the Global Sustainability Standards Board (GSSB),

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Why the UN Global Compact is a CSR commitment that works

Julia Moshkin of EcoVadis points to research showing that companies that have signed up to the initiative’s 10 principles perform significantly better on driving responsibility in their supply chains Since the United Nations Global Compact (UNGC) released its 10 principles more than 15 years ago, nearly 12,000 companies worldwide have committed to adopting the sustainable and

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The Need for a Multi-Stakeholder Global Dialogue

The future of corporate reporting, and ultimately the future of global markets, will rely on successfully aligning and mainstreaming sustainability reporting, writes Ian Mackintosh, chair of the Corporate Reporting Dialogue (CRD). In October last year, the CRD – an initiative bringing together the major corporate reporting standard setters and framework providers globally – welcomed the

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AccountAbility CEO, Sunny Misser, speaks to the key trends driving sustainability performance

AccountAbility CEO, Mr. Sunny Misser, spoke with Mr. Matthew Bechard, Senior Vice President of Communications at the National Association of Real Estate Investment Trusts (Nareit), about the key trends shaping business in 2019. Mr. Misser reflected on the changing role of sustainability in business in recent years. Highlighting AccountAbility’s 7 Sustainability Trends for 2019, he identified the following

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SASB, CDSB Partner on How-To Guide for Climate-Related Disclosures

Sustainability standards setters release implementation guide for complying with TCFD recommendations for communicating about climate-related financial risk. In June 2017, the Task Force on Climate-Related Financial Disclosures (TCFD) published recommendations for climate-related financial risk disclosures in mainstream corporate filings. More than 600 organizations have publicly expressed support for the recommendations but many have cited a need for

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Time for trash talk

In the face of a growing global waste crisis, new corporate reporting disclosures are being developed by GRI to help organizations better understand and communicate their waste impacts. International recognition of the need for action on waste is increasing. The scale of the issue – from the effect of plastics in marine ecosystems to the

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What investors actually want from sustainability data

To account for the effects of a world in flux, more investors are pursuing strategies that consider relevant environmental, social and governance (ESG) factors, an approach known broadly as sustainable investing. In 2017 alone, assets managed through such an approach increased by 37 percent, according to Bloomberg. Despite the swell in interest, sustainable investing is by

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Update to French translation of GRI Standards

Updates to two documents — ‘GRI 303: Water and Effluents 2018’ and ‘GRI 403: Occupational Health and Safety 2018’ – have been translated. They are now available to any French-speaking organization using the GRI Standards. All of the French translations can be downloaded free of charge on the GRI website. This translation was carried out by

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Non-financial reporting is the future of audit

Tidal waves of global growth, our heavy dependence on fossil fuels, and our constant need for innovation have led us to a world of inconsistencies and widening gaps between underdeveloped and developed countries. Our world is fracturing, and the fractures are growing bigger and bigger. In a report released in 2018 by Oxfam, 82% of the wealth