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Consultation: The CDSB Framework application guidance for water-related disclosures

CDSB invites comments from multi-stakeholders on the CDSB Application guidance for water-related disclosures and how it can support the integration of material water-related information in corporate mainstream reports. About the guidance The CDSB Framework application guidance for water-related disclosure (Water Guidance) has been produced by the Climate Disclosure Standards Board (CDSB) to assist companies in the disclosure of material

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Five Steps to Good Sustainability Reporting

Sustainability reporting is no longer optional—it’s a stakeholder expectation. Most business leaders understand this: 90 percent of S&P 500 companies now issue public sustainability reports. By reporting, they capture a number of external and internal benefits, which include meeting regulatory requirements, improving relationships with stakeholders, enhancing trustworthiness and reputation, clarifying a company’s performance on sustainability issues (which

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UK Impact Investing Institute publishes a vision for making impact & sustainability reporting easier and more accessible

More and more consumers, investors and policy makers are interested in the long-term sustainability of businesses. They want to see companies report transparently on the positive and negative impact of their business activities on the environment and society. But the lack of a global reporting standards, similar to the International Financial Reporting Standards (IFRS), make

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First Mine Audited Against World’s Most Rigorous Mining Standard

Today the Initiative for Responsible Mining Assurance (IRMA) took a bold step toward increasing transparency in the mining sector. With the release of the certification system’s first audit report, IRMA is demonstrating the type of clear, consistent reporting it provides for all stakeholders with an interest in mining, and particularly for purchasers of mined materials

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How to evolve your narrative reporting from intent to action

Find out how narrative reporting can evolve from discussing intent to demonstrating action and positive outcomes from EY’s seventh annual review of FTSE 350 annual reports and accounts. In our latest review of FTSE 350 narrative reporting- Annual reporting in 2019/20: From intent to action — we look at how companies have implemented the first

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The New GRI Definition of Materiality: Forward or Backward?

GRI recently issued an exposure draft for the revision of the universal standards GRI 101, 102 and 103, with comments ending by September 9. They include significant and extensive changes, but we will only discuss the new definition of materiality, and, by implication, that of stakeholders. As in previous versions of the standards the issue of

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Leading banks and companies join UK, French, Swiss and Peruvian governments in effort to set up a Task Force on Nature-related Financial Disclosures

Efforts to establish a Task Force on Nature-related Financial Disclosures (TNFD) have passed an important milestone with the announcement of an Informal Working Group (IWG) comprising some of the world’s biggest banks, investors and companies, as well as governments and regulatory bodies. The 62 members that make up the IWG are part of the initial planning phase

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Measuring Stakeholder Capitalism: Top Global Companies Take Action on Universal ESG Reporting

The World Economic Forum yesterday released a set of universal environmental, social and governance (ESG) metrics and disclosures to measure stakeholder capitalism that companies can report on regardless of their industry or region. Organized around the pillars of principles of governance, planet, people and prosperity, the identified metrics and disclosures align existing standards, enabling companies

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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.