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Creating a global standard for sustainability reporting

For customers, investors and consumers alike, it can make a difference whether a company operates sustainably and adheres to ethical and ecological standards. Standardized and verifiable reports are needed so that companies can provide credible and verifiable evidence of their ability to walk the talk of sustainability. Reporting standards should present corporate contributions to sustainable

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New Zealand becomes first to implement mandatory TCFD reporting

Yesterday, Minister for Climate Change James Shaw announced that New Zealand will implement mandatory climate risk reporting in line with the TCFD recommendations, becoming the first country to do so. “New Zealand has made a leap in the right direction to safeguard its businesses and financial market for the future” said Michael Zimonyi, Policy & External Affairs

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AccountAbility Releases Latest Guidance on Sustainability Assurance

AccountAbility is pleased to introduce the next version of its AA1000 Assurance Standard – v3– as the solution of choice for sustainability leaders seeking assurance of their sustainability management, performance, and reporting. The AA1000 Assurance Standard (AA1000AS v3) is an internationally recognized, freely available standard that provides the requirements for AccountAbility-licensed assurance providers to conduct high-quality

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IFAC Calls for Creation of an International Sustainability Standards Board Alongside the International Accounting Standards Board (IASB)

IFAC, the global voice of the accountancy profession, called for the creation of a new sustainability standards board that would exist alongside the IASB under the IFRS Foundation. The proposed board would address the urgent and growing demand from investors, policy makers and regulators for a reporting system that delivers consistent, comparable, reliable, and assurable

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AccountAbility Releases German and Simplified Chinese Translations of the AA1000 AccountAbility Principles (AA1000AP, 2018)

AccountAbility is expanding the accessibility of principled-based sustainability guidance with the release of German and Simplified Chinese Translations of its signature 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

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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