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Pandemic sees business sustainability take centre stage

New podcast series uncovers the true facts in SDG reporting Despite the fact that the so-called ‘Decade of Action’ for the Sustainable Development Goals (SDGs) is currently in operation, we ask ourselves how can companies look beyond the processes and paperwork, to grasp in detail the ways their impacts and actions can assist or hinder

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Navigating the reporting landscape

“With a clear global trend towards mandatory sustainability reporting, the expectations of finance professionals are changing. A4S and its ABN Network have produced guidance to help accountants navigate the rapidly changing corporate reporting landscape, and make sustainable business, business as usual.” Jessica Fries, Executive Chairman, A4S Historically, financial terms have always been the measurement for business

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GRI, EFRAG, Collaborate on Development of EU Sustainability Reporting Standards

The Global Reporting Initiative (GRI) and the European Financial Reporting Advisory Group (EFRAG) announced a new cooperation agreement for the development of EU sustainability reporting standards and supporting convergence with global standards. The EU and GRI are both committed to standards that are multi-stakeholder inclusive and address the impacts organizations have on the environment, society

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IOSCO elaborates on its vision and expectations for the IFRS Foundation’s work towards a global baseline of investor-focussed sustainability standards to improve the global consistency, comparability and reliability of sustainability reporting

The Board of the International Organization of Securities Commissions (IOSCO) has yesterday published a report on issuers’ sustainability-related disclosures. The report, developed by IOSCO’s Sustainable Finance Taskforce (STF), reiterates the urgent need to improve the consistency, comparability and reliability of sustainability reporting for investors. Over the year since the STF was established, global momentum has

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New Study Reveals Lack of Standardization in Sustainability Assurance

IFAC, AICPA & CIMA Global Benchmarking Study Highlights Significant Differences Across Jurisdictions Global practices for sustainability assurance—including the prevalence of assurance, level of assurance, and standard and practitioner used—varies widely by jurisdiction, according to a new study from the International Federation of Accountants (IFAC) and the AICPA & CIMA (representing the Association of International Certified Professional Accountants).

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EFRAG public consultation Due Process Procedures on EU Sustainability Reporting Standard Setting

EFRAG Secretariat seeks comments from stakeholders on its Public Consultation Paper: EFRAG Due Process Procedures on EU Sustainability Reporting Standard-S​etting. Comments are welcome by 15 September 2021. ​ ​The European Commission’s proposal for a Corporate Sustainability Reporting Directive (CSRD) envisages the adoption of EU sustainability reporting standards (ESRS). In this context, EFRAG is requested to provide Technical

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New guide to help companies understanding the benefits of TCFD climate reporting

Bloomberg has created a guide to help you better understand the benefits of implementing the TCFD recommendations. The casualties of the climate crisis could include financial stability, the global economy, and the value of investments. As governments catch up to the realities of climate change and the policy response continues to gather pace, global markets

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IFRS Foundation Trustees publish institutional arrangements for proposed new sustainability standards board

The Trustees of the IFRS Foundation (Foundation) published on 30 april the proposed amendments to the Constitution of the Foundation to accommodate the potential formation of a new International Sustainability Standards Board (ISSB) within the governance structure of the organisation. In addition, the Trustees have published a Feedback Statement that summarises feedback received to their consultation on sustainability reporting. All

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Transparency offers the pathway to a more sustainable Earth

Interview with GRI’s Chief of Standards and Chief Development Officer Earth Day is an opportunity to put the spotlight on the pressing needs of our planet, in the face of ever growing impacts by humanity, and galvanize action to change practices and behavior. The corporate contribution to these impacts — by businesses and other organizations around

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Survey of sustainability reporting at tech companies

The Survey of Sustainability Reporting at Technology Companies reveals that much progress has been made in sustainability reporting and assurance. The survey offers insights for technology company leaders, boards, and sustainability professionals. Its aim is to support those who have a responsibility for assessing and preparing their own organization’s sustainability reporting. The survey also serves