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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

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SEC issues rules for listed firms’ reports on sustainability

THE SECURITIES and Exchange Commission (SEC) has formally launched the sustainability reporting guidelines for publicly listed companies (PLCs), which will be required to submit their sustainability reports starting next year. “With the issuance of the Sustainability Reporting Guidelines… SEC has high hopes that PLCs would not only be made aware of sustainability but would make

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AccountAbility Releases Arabic Translation of the AA1000 AccountAbility Principles (AA1000AP, 2018)

AccountAbility has released the Arabic translation of its latest sustainability management framework and guidance document – the AccountAbility Principles (AA1000AP, 2018).  The AA1000AP (2018) serves as the foundation of the AA1000 Series of Standards, and offers an informed update to the firm’s internationally accepted, principles-based approach to sustainability management for the 21st century. The AA1000AP (2018) is the

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Innovative tools now available to strengthen management and disclosure of ESG information

For many businesses, managing multiple disclosure demands and increasing stakeholder pressure for disclosing environmental, social and governance (ESG) information is an ongoing challenge. The World Business Council for Sustainable Development (WBCSD) released the ESG Disclosure Handbook and Indicator Library to help companies address the issue. Both the handbook and the library provide practical resources for addressing

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GRI calls for business and governments to partner on SDGs

The chairman of the Global Reporting Initiative (GRI) had called for greater collaboration and cooperation between businesses and national governments in order to achieve the aims of the UN Sustainable Development Goals (SDGs). The GRI, one of the most recognisable standards for sustainability reporting, partnered with the Bombay Stock Exchange earlier this week to host

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Helping sectors increase accountability and transparency

The first GRI Sector Standard will focus on oil, gas and coal. GRI is inviting nominations to join an expert working group to produce the first GRI Sector Standard, for oil, gas and coal. Sector Standards will help companies in a specific sector to define their economic, environmental, and social impacts, enabling improved transparency and accountability

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Municipality Integrated Reporting model: The Famous Istanbul District, Kadıköy adopts integrated reporting

A sustainable and more livable world depends on good governance of our resources as well as our collective needs and demands.  The legitimacy of governments is built on the trust they earn from their citizens. Governments cannot function effectively without it.  It is a necessary condition for governments to successfully carry out public policies. Citizens

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How to report on the SDGs

by Karen McWilliams Main points: The Senate Inquiry into Sustainable Development Goals (SDGs) has published 18 recommendations for Australia The Corporate Reporting Dialogue have released a position papersupporting the development of better reporting guidelines for the SDGs Corporate reporting is key to providing the transparency needed to assess progress against the SDGs in a meaningful way The United

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IASB does not plan standards on sustainability reporting

Hans Hoogervorst, chair of the International Accounting Standards Board (IASB), has indicated the board intends to play a role in developing climate-change related financial reporting, but will not move in to standard setting in this area, reports Pat Sweet He cautioned against exaggerated expectations for sustainability reporting as a catalyst for change in the absence

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Increasing sustainability reporting in Sri Lanka and Bangladesh

More than 500 businesses in Sri Lanka and Bangladesh are being supported to report on their sustainability impacts following the launch of new guidance.​ GRI has provided technical input to guides produced by the Dhaka Stock Exchange (DSE) and the Colombo Stock Exchange (CSE), which they will share with all their listed companies, providing recommendations