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Sustainability reporting: 4 things companies get wrong

Southeast Asia is witnessing a rapid increase in sustainability reporting with 500 per cent growth in the number of companies producing reports over the last six years, according to the Global Reporting Initiative (GRI), a standards organisation that helps companies report their impacts. The region is the biggest and fastest growing market for GRI, but

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SASB Codifies First-Ever Industry-Specific Sustainability Accounting Standards

Today in a ceremony at the London Stock Exchange, the Sustainability Accounting Standards Board (SASB) announced they have published the world’s first set of industry-specific sustainability accounting standards covering financially material issues.  Publishing the standards ushers in a new era for global capital markets in which businesses can better identify and communicate significant opportunities for

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New alignment project seeks to ‘cut the clutter’ in sustainability reporting

Richard Howitt of the International Integrated Reporting Council on today’s launch of an important new phase towards harmonising the ‘alphabet’s soup’ of corporate sustainability reporting standards Business knows it has to change to survive. The concept of “business as usual” has become redundant. It is now commonplace in business circles to hear dire warnings about

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AccountAbility Releases 2018 Addendum for the AA1000 Assurance Standard

AccountAbility is pleased to release the 2018 Addendum for the AA1000 Assurance Standard (AA1000AS, 2008), which will facilitate continued use of the standard for assurance on the AA1000 AccountAbility Principles (AA1000AP, 2018). The 2018 Addendum serves to support both organisational users and assurance providers in effectively applying the AA1000AS (2008) to the AA1000AP (2018), whilst

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Better reports with GRI’s updated services

Elaborating a better sustainability report that is in line with the GRI Standards can be a challenging exercise. Particularly the balance between a wider sustainability narrative and the hard-and-fast Standards can be difficult to maintain. And, because each company or organization has different approaches to collecting, systematizing and presenting data, report preparers may want more

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Ten takeaways from the Sustainability Reporting and Communications Summit

Reporting on the SDGs, alignment between reporting standards, and the Task Force on Climate Climate Related Financial Disclosure were big topics during two days of high-level discussion 1. Despite this month’s sobering report from the UN Intergovernmental Panel on Climate Change (IPCC), which warned that the planet is on target to warm 1.50C above pre-industrial levels

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Deep dive and learn about non-financial reporting

Through the engagement of CSR Europe members, a tailor-made working group on Non-Financial reporting has been set up to match specific needs and questions. The event will take place on 20 November 2018. To support companies in the integration of sustainability and to better use reporting as management tool, CSR Europe has set up two working

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Driving standardization of ESG reporting: WFE Guidance and Metrics mapped to the GRI Standards

The World Federation of Exchanges has recently published a revised sustainability reporting guidance for their member exchanges. ​ The WFE ESG Guidance and Metrics is fully aligned with the GRI Sustainability Reporting Standards, and the guidelines have now been mapped against the standards in an easy-to-use linkage document.  This is good news for the thousands of companies already

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AccountAbility Releases Document on Key Changes Introduced in the AA1000AP (2018) and Bridge to Sustainability Reporting

AccountAbility is pleased to release a practical guidance document highlighting the key changes in the AA1000 AccountAbility Principles (AA1000AP, 2018), as well as an overview of alignment with commonly used sustainability-related reporting standards and frameworks. The document serves to support both organisational users and assurance providers in effectively working with the AA1000AP (2018). Improvements to

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The Future of Corporate Reporting

The Institute of Public Auditors in Germany (Institut der Wirtschaftsprüfer in Deutschland) has released a position paper on the future on corporate reporting, (only available in German). IDW’s Matthias Schmidt shares some insights into their thoughts on the future of reporting.  Financial statements alone do not sufficiently display companies’ market value: The book value of SAP is