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Companies commit to SDGs collaboration

Businesses sign up to GRI forum on reporting for the SDGs A new GRI program to enhance corporate reporting on the Sustainable Development Goals (SDGs) by making it more relevant to stakeholders has commenced, bringing together senior representatives from multiple international companies.  The Business Leadership Forum on Corporate Reporting as a Driver for Achieving the SDGs will help companies use transparency to increase their contributions to national and

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Corporate natural capital accounting – understanding challenges and pursuing standardization opportunities

The World Business Council for Sustainable Development (WBCSD), in collaboration with Valuing Nature, launches the Corporate natural capital accounting — from building blocks to a path for standardization report, as a contribution to the EU Life funded Transparent project. To realize the ambition of a sustainable financial system and economy that allows for 9+ billion people living well,

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Patchy corporate climate disclosure prompts G20 watchdog to act

G20 companies will face common disclosure requirements on climate change risks under plans by the Financial Stability Board, which coordinates financial rules for the group. In the latest sign of how policymakers want faster action to replace the patchy progress seen so far, the FSB said on Tuesday that said it will set out in

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Embracing a new operating reality for corporate reporting

In the face of COVID-19, finance leaders find themselves having to strike a difficult balance in delivering corporate reporting. On one hand, they must respond to the pandemic with resilience and transparency; on the other hand, they must also generate long-term, sustainable value for stakeholders that focuses not only on financial outcomes but also on

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Corporate reporting reviews: a new approach for the FRC

The UK’s Financial Reporting Council (FRC) has, for the first time, published summaries of its corporate reporting reviews. The regulator conducts over 200 corporate reporting reviews to assess whether company reports and accounts comply with relevant reporting requirements. The increased transparency is aligned with the recommendation in the Kingman review that reviews should be made

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Help for companies on circular economy progress

Enhanced corporate reporting using the GRI Standards and Circulytics Organizations can now link the world’s leading sustainability reporting standards with an innovative tool for measuring their progress towards the circular economy. GRI 306: Waste 2020 is the first globally applicable reporting standard for companies to provide a complete picture of waste impacts along their value chain. Circulytics from

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Over three quarters of world’s largest companies do not report risks from biodiversity loss: KPMG survey

Businesses worldwide have a critical role to play in addressing the inherent, existential risks of biodiversity loss. Yet, less than one-quarter (23 percent) of companies worldwide at risk from the loss of biodiversity are currently disclosing that risk in their corporate reporting, according to The Time has Come, KPMG International’s Survey of Sustainability Reporting 2020. With

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IIRC and SASB announce intent to merge in major step towards simplifying the corporate reporting system

The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) yesterday announced their intention to merge into a unified organization, the Value Reporting Foundation, providing investors and corporates with a comprehensive corporate reporting framework across the full range of enterprise value drivers and standards to drive global sustainability performance. In an era

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FRC publishes future of corporate reporting discussion paper

The Financial Reporting Council (FRC) has released a bold discussion paper proposing a future for corporate reporting based on a principles-based framework. It outlines a blueprint for a more agile approach to corporate reporting which challenges existing thinking about how companies can more effectively meet the information needs of investors and other stakeholders. The proposals are designed

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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