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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

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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