The 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 was established to develop a single set of globally accepted accounting standards. It is the
GRI recently issued an exposure draft for the revision of the universal standards GRI 101, 102 and 103, with comments ending by September 9. They include significant and extensive changes, but we will only discuss the new definition of materiality, and, by implication, that of stakeholders. As in previous versions of the standards the issue of
Efforts to establish a Task Force on Nature-related Financial Disclosures (TNFD) have 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 and regulatory bodies. The 62 members that make up the IWG are part of the initial planning phase
U.S. Farmers & Ranchers in Action (USFRA) , together with the World Business Council for Sustainable Development (WBCSD) published a new Sustainable Development Goals (SDG) Roadmap report to assess the opportunities for U.S. agriculture to continue driving a resilient and sustainable agricultural system while resiliently confronting new crises along the way. Established in 2015, the SDGs provide a
The 10th annual research into the Sustainability Reporting Performance of the FTSE 100 is now available to download, along with the three other indices in the international research (CAC 40, DOW 30 and IBEX 35) of EcoAct. This decade will be a crucial one for corporate climate action. Find out if companies are making enough
The World Economic Forum yesterday released a set of universal environmental, social and governance (ESG) metrics and disclosures to measure stakeholder capitalism that companies can report on regardless of their industry or region. Organized around the pillars of principles of governance, planet, people and prosperity, the identified metrics and disclosures align existing standards, enabling companies
For customers, investors and consumers alike, it can make a difference whether a company operates sustainably and adheres to ethical and ecological standards. Standardized and verifiable reports are needed so that companies can provide credible and verifiable evidence of their ability to walk the talk of sustainability. Reporting standards should present corporate contributions to sustainable
Yesterday, Minister for Climate Change James Shaw announced that New Zealand will implement mandatory climate risk reporting in line with the TCFD recommendations, becoming the first country to do so. “New Zealand has made a leap in the right direction to safeguard its businesses and financial market for the future” said Michael Zimonyi, Policy & External Affairs
AccountAbility is pleased to introduce the next version of its AA1000 Assurance Standard – v3– as the solution of choice for sustainability leaders seeking assurance of their sustainability management, performance, and reporting. The AA1000 Assurance Standard (AA1000AS v3) is an internationally recognized, freely available standard that provides the requirements for AccountAbility-licensed assurance providers to conduct high-quality
IFAC, the global voice of the accountancy profession, called for the creation of a new sustainability standards board that would exist alongside the IASB under the IFRS Foundation. The proposed board would address the urgent and growing demand from investors, policy makers and regulators for a reporting system that delivers consistent, comparable, reliable, and assurable
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