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A powerful interim step towards a single, coherent global set of reporting standards

Shared vision from GRI, CDP, CDSB, IIRC and SASB The five global sustainability, ESG and integrated reporting framework and standard setting organizations launched a report outlining the elements necessary for more comprehensive corporate reporting. The shared vision is provided by GRI, CDP, Climate Disclosure Standards Board (CDSB), International Integrated Reporting Council (IIRC) and Sustainability Accounting Standards Board

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GRI Standards: Sector Standards: Back on the Map

This is another short(!) post in the GRI Standards series – an anatomical dissection of the Exposure Draft of the new GRI Universal Standards and what it means for reporters and report users. This fifth post is all about sectors. You’ll recall that Sector Standards were a thing a long while ago at GRI, and

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The New Era of Reporting: How to engage investors on ESG

Corporate sustainability reporting stands at an impasse. A lack of standardization creates a frustrating disconnect between what investors are looking for and what companies are communicating on environmental, social, and governance (ESG). And as the world experiences a pandemic-fueled recession, companies will need to be more deliberate than ever with how, where, and why they

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PRI and WBCSD join forces to drive corporate-investor action on sustainable development

The Principles for Responsible Investment (PRI) and the World Business Council for Sustainable Development (WBCSD) – together representing asset owners, investment managers, service providers and businesses – have forged a new collaboration to create the enabling conditions for a sustainable financial system. In the landmark collaboration, the PRI and WBCSD will work to put sustainability

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Corporate sustainability reporting is growing up

Sustainability reporting is quickly going mainstream. While companies aren’t always required by regulators to report their greenhouse gas emissions, human rights records and wastewater management, investors are pushing them for this information at a faster clip. Part of the issue is that global investors are under pressure from governments and asset owners themselves to report their impact

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The Universal Standards: what’s changing and why?

In June, GRI announced a major update to the reporting at the heart of the GRI Standards. The planned revisions to the Universal Standards are significant because they will affect every organization that uses the GRI Standards, supporting them to more effectively report their most significant impacts on the economy, environment and people. To help put the

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A cohesive and connected future for reporting in Europe

In 2014, the European Commission identified integrated reporting as ‘one step ahead’ of the Non-Financial Reporting Directive. Hundreds of businesses across Europe should be commended for taking this step in the intervening years, with many of Europe’s largest businesses successfully embedding integrated thinking and reporting into the way they do business. Driven by the desire

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GRI and SASB are collaborating. Is that good news for companies?

For years, corporate reporters — those inside companies responsible for creating sustainability reports and reporting environmental, social and governance data to various other organizations — have been frustrated by what many refer to as an alphabet soup of standards and frameworks: CDP, GRI, IIRC, PRI, SASB, TCFD, UNGC and more. And while they grumbled at how those various organizations’ requests weren’t harmonized,

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How can sustainability reporting change the way companies work?

The case for sustainable business practice is arguably more important than ever in light of the global pandemic, but discussion on how to proceed continues to exercise minds. We asked five experts for their view. Veronica Poole Partner, Deloitte, Global IFRS Leader, and Head of Accounting and Corporate Reporting We have reached a tipping point.

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CDSB’s Climate Guidance marks the launch of application series

Climate Disclosure Standards Board (CDSB) released the CDSB Framework application guidance for climate-related disclosure (Climate Guidance). The release is the first in a series of guides on nature-related financial disclosure, with Water Guidance to follow early next year. Published today, the Climate Guidance is designed to provide additional “how to”assistance to companies to disclose material climate-related information in mainstream corporate reports. The