Working papers on the first draft standards on sustainability reporting have been released by the Project Task Force on European Sustainability Reporting Standards (PTF-ESRS) of the European Financial Reporting Advisory Group (EFRAG). The papers depict the current state of the standard-setting work conducted by the Task Force as a result of the due diligence process
Based on the review of the Non-Financial Reporting Directive (NFRD) by the Corporate Sustainability Reporting Directive (CSRD) and the development of European sustainability reporting standards, sustainability reporting policy in Europe is growing at an unprecedented pace. The timeline below outlines pivotal developments ahead connected to EU corporate reporting policy: Useful resources EU legislations and preparatory
The leading consulting firm on corporate sustainability and ESG, Governance & Accountability Institute, Inc. (G&A) has announced the results of its 2021 Sustainability Reporting in Focus analysis with regard sustainability reporting trends among companies in the S&P 500® Index and the Russell 1000® Index. The report comes on the 10th anniversary of G&A’s research series
In an open letter calling on regulators to align pending European sustainability reporting standards with worldwide consistent and comparable performance metrics and disclosures, 56 organizations, representing over EUR 8.5 trillion in assets and employing over 5 million people have addressed the European Union’s institutions today. Addressed to the European Commission, the European Parliament and the Council of the
The GRI Standards have been strengthened so they deliver the highest level of transparency for impacts on the economy, environment and people, with a major update to the very foundation of the world’s most widely used sustainability reporting standards. The launch of the revised Universal Standards – to be used by over 10,000 companies that already use
GRI Standard to unlock reporting on sector’s sustainability challenges Today (5TH October) marks a landmark in sustainability reporting as a new standard for oil and gas has been launched, bringing about a complete disclosure on the complexity of transparency demands being faced within the sector – best positioning companies to highlight accountability for their impacts
Support from Caisse des Dépôts has been welcomed by GRI for its contribution to EFRAG’s technical work. GRI welcomes the support from French Caisse des Dépôts to underpin the finalization of the announcement of a Statement of Cooperation, in July 2021, between GRI and the European Financial Reporting Advisory Group (EFRAG) Project Task Force to co-construct
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
“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
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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