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How the GRI’s new standard for transparency in reporting tax can help raise money for SDGs

With the IMF estimating that companies avoid paying $600bn in tax each year, a global standard on tax transparency is long overdue, argues Tim Mohin of the Global Reporting Initiative The media attention in recent years on tax-related scandals, highlighted by the Panama Papers, has heightened concerns around the tax practices of companies, in particular

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Only 10 years to achieve Sustainable Development Goals but businesses remain on starting blocks for integration and progress

Analysis by PwC of over 1000 published reports from listed, private and public sector organisations, highlights that with only ten years to deliver the Sustainable Development Goals (SDGs), there is a great deal of work to be done if business is to contribute meaningfully to national efforts.  PwC’s annual assessment of public reporting on the

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More than 100 companies using SASB standards

ESG reporting group looking to enhance its standards by focusing on human capital management and other emerging material issues It’s been one year since the Sustainability Accounting Standards Board (SASB) launched its 77 industry-specific reporting standards, and the non-profit says 120 companies are now using the standards in their ESG reporting. SASB launched its standards in

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Improving reporting on modern slavery

GRI and Responsible Labor Initiative launch new toolkit​ A toolkit to advance reporting on modern slavery has been published by GRI and the Responsible Labor Initiative, an Initiative of the Responsible Business Alliance. The resource provides guidance on increasing the effectiveness of corporate reporting, underpinning the transparency and accountability needed to support global efforts towards

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A buyer’s guide to assurance on non-financial information

By providing external validation of disclosures, and of the processes undertaken in producing those disclosures, assurance can increase the confidence of capital providers and other stakeholders using non-financial information to guide their decision-making. But what is assurance? How does it work? And how is it beneficial to users of nonfinancial information? This ‘Buyer’s guide to

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The Art of AlignmentSustainability & Financial Transparency

Corporate transparency has evolved and progressed considerably in the last three decades. Public expectations of the private sector have shifted also, with greater emphasis being placed on corporate purpose beyond profit. Investors in particular are increasingly requesting sustainability performance data. Companies are responding to stakeholder demands by communicating how the company is generating long-term value.

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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

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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

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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

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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