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Quality data is crucial to accelerate progress on the SDGs

New resource from GRI and UN Global Compact to spearhead global momentum on SDGs reporting Greater multi-stakeholder action is essential to achieve the Global Goals as this year marks the midpoint in the 2030 Agenda for Sustainable Development. A new publication offers the most comprehensive inventory to support companies report on progress, based on international

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Demystifying ESG raters and rankers

ESG benchmarking has to be based on comparable sustainability data that reflects impacts as well as risks What is the function of the ESG ratings’ industry, do they actually establish whether companies are sustainable or not – and how will international forthcoming modifications in sustainability reporting affect them? In the latest copy of The GRI Perspective: The

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Advancing sustainable production on land and sea

 Launch of GRI Agriculture, Aquaculture and Fishing Sector Standard Following the publication of a new GRI Standard, three sectors; agriculture, aquaculture and fishing are being supported in order to take accountability for their impacts. For more information — GRI 13: Agriculture, Aquaculture and Fishing Sectors 2022. The first international and complete sustainability reporting standard for

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GRI and ISSB provide update on ongoing collaboration

 Technical representatives from GRI and the International Sustainability Standards Board (ISSB) begin work on delivering the agreed Memorandum of Understanding (MOU) Released in March, the MOU sets out coordinated work programmes and standard-setting activities for both the GRI and ISSB, comprehending the need to further harmonise international sustainability reporting landscapes. viewed as two interconnected reporting

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IFRS Foundation and Value Reporting Foundation vote to approve the consolidation from 1 July

A vote to approve the consolidation of the VRF into the IFRS Foundation has been carried out by the Trustees of the IFRS Foundation and the Board of Directors of the Value Reporting Foundation (VRF), and is effective as of 1 July 2022. Last week, the VRF Board of Directors, SASB Standards Board and the Integrated Reporting

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Provisional political agreement between the Council and the European Parliament about the CSRD

On 21 June, the EU Council and European Parliament reached an interim political agreement on the corporate sustainability reporting directive (CSRD).  The proposal expects to address issues in the present rules regarding disclosure of non-financial information. This comes following insufficient quality to allow it to be properly taken into account by investors, given such shortcomings

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Encouraging progress on EU standards – with deeper alignment the next step

Mapping the new European Sustainability Reporting Standards with the GRI Standards An analysis of the ESRS against the widely used GRI Standards is now available. This follows the publication of the exposure drafts of the European Sustainability Reporting Standards (ESRS) in April – claimed by GRI to a crucial element in achieving the EU Green

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New report helps companies and investors make sense of proposed climate disclosure standards

The Sustainability Institute by ERM (ERM) and Persefoni have made public a new report “The Evolution of Sustainability Disclosure” which reveals that there is substantial convergence among new climate-related disclosure frameworks. Namely the proposed rules developed by the Securities and Exchange Commission (SEC) in the U.S., the European Financial Reporting Advisory Group (EFRAG) in the EU, and

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Connecting internal assurance and governance to support effective oversight of integrated reporting

The IFAC has announced the publication of a related resource for boards of directors following the IFRS Foundation’s announcement about the future of both the integrated reporting and International Integrated Reporting Framework. The IFAC has successfully collaborated with the Institute of Internal Auditors (IIA) to enhance Executing the Board’s Governance Responsibility for Integrated Reporting—the second installment in IFAC’s

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Leading financial market participants call for stronger alignment of regulatory and standard setting efforts around sustainability disclosure

Financial market regulators should seize the opportunity to get it clear, comprehensive and comparable disclosure of sustainability-related information right by ensuring compatible standards. These are some of foundational building blocks of a well-functioning global financial system. The International Sustainability Standards Board (ISSB), in addition to the US Securities and Exchange Commission (SEC), the European Commission