News

IOSCO encourages standard-setters’ work on assurance of sustainability-related corporate reporting

Both the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) have been noted by the IOSCO for their endeavours regarding assurance of sustainability-related corporate reporting, as stakeholders are constantly looking for such assurance, whether on a voluntary basis or to meet regulatory requirements. The work from the

News

Companies, investors and professional accountants add their voices to the call for global alignment between sustainability reporting standard setters and frameworks

A determined request for major standard-setting attempts to closely align with and reinforce a global baseline for reporting sustainability-related data has been made. The call comes from 65 global, leading companies, investors and professional accounting firms. Developed jointly by the World Business Council for Sustainable Development (WBCSD), the Principles for Responsible Investment (PRI) and the

News

Business and Finance community respond to the proposed IFRS sustainability disclosure standards

Statements of support for the proposed IFRS Sustainability Disclosure Standards have been signed by several leading global figures, including 86 Chief Financial Officers and institutional investors representing more than £620 billion in assets. The statements welcome the role of the IFRS and the suggestions, but additionally ask them to revisit as well as further enhance

News

IFRS Foundation completes consolidation with Value Reporting Foundation

Completion of the consolidation of the Value Reporting Foundation (VRF) into the IFRS Foundation has been announced by the IFRS Foundation. The news comes due to the commitment made at COP26 to enhance staff and resources of the foremost global sustainability disclosure initiatives, assisting the IFRS Foundation’s new International Sustainability Standards Board’s (ISSB) endeavours to

News

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

News

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

News

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

News

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

News

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

News

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