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Strong backing for tax transparency from investors

A future where disclosure of the taxes paid by businesses is common international practice is one step closer, following widespread and trans-national support received through a GRI consultation exercise – and from investment organizations in particular.   As national economies become increasingly integrated, there have been growing calls from around the world – including investors, governments

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The world is getting less circular – can reporting help?

The world is going backwards when it comes to circularity – we’re addicted to the linear take-make-waste economic model. That’s the conclusion of the second annual Circularity Gap Report, released by Circle Economy in January during the World Economic Forum Annual Meeting.  According to the report, “Our world is only 9% circular and the trend

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Finding answers as global business moves to integrated thinking and reporting

The International Integrated Reporting Council (IIRC) has  published a set of answers to some of the most frequently asked questions, as corporate reporting is being reformed worldwide to embrace the concept of integrated reporting – available on the IIRC’s website. Integrated reporting is the broad-based framework for business and investment decisions that are long-term, inclusive and with

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Is sustainability a major concern for U.S. companies, or is China moving to the fore?

Many Americans believe that the United States is the forerunner of sustainability and environmental initiatives. However, the United States may be falling behind when compared to other emerging multinationals in China and beyond. There are many corporate sustainability initiatives that encourage responsible business practices that include social, environmental, and ethical issues. The United Nations Global

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Is Corporate Social Responsibility Reporting Just a Potemkin Village?

The growth of ESG investing is now in the trillions, but a standardized — and accurate — measurement of how companies live up to social responsibility remains elusive. As more asset managers begin to integrate environmental, social, and governance criteria into their investment strategies, the need for data and disclosures not typically found in traditional

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Sustainability reporting – it is time to reflect Monthly Briefing, March 2019

Sustainability reporting is mainstream. Its growth across Europe, the Americas, Asia and the rest of the world has been marked. Yet it is still seen by some as an exercise in compliance and a cost rather than an opportunity. Others see value in the exercise, but remain unconvinced that current practice is realising its full

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An Interview with Richard Howitt, IIRC CEO

Integrated reporting is gaining acceptance around the world as a way for businesses to provide investors and other stake-holders with a more holistic approach to reporting both financial and nonfinancial results.  The CPA Journal recently interviewed Richard Howitt, CEO of the International Integrated Reporting Council (IIRC), the world’s leading organization in driving the adoption of integrated

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Reporting smarter, not harder: embracing digital

Guest contributor Jonny McCaig, Global Reporting Director at Unilever shares why its time to embrace a more dynamic version of reporting. As we put the finishing touches to our latest Sustainable Living Report (released in early April), it’s a good time to reflect on the bigger picture – the current and possible future state of

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SEC official cautions on new ESG disclosure rules

Prefers to let market determine reporting on evolving risks US companies appear unlikely to face additional ESG-related reporting requirements in the near future, despite calls from major investors for new rules. William Hinman, director of the SEC’s division of corporation finance, recently expressed caution about mandating specific disclosures in the ESG field, expressing a preference

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CSE and GRI to host a forum on Sustainability Reporting for Sustainable Development

The Colombo Stock Exchange (CSE) and the Global Reporting Initiative (GRI) will be hosting a forum on providing guidance to listed companies on ESG disclosures. The theme of the Forum is ‘Sustainability Reporting for Sustainable Development’. This high-level engagement will be exclusive to companies listed on the CSE and will be held on 28th March 2019,