Sustainability reporting and integrated reporting
Company boards, executives, and management are investing more and more time and resources on issues of sustainability - such as carbon (greenhouse gas emissions), energy efficient technology, water use, cleantech, and biodiversity, to name just a few. An important part of the global push towards sustainability practices involves a need to account for, and report on, sustainability - sometimes referred to as environmental, social, and governance (ESG) reporting.
On this page, we maintain a history of developments in sustainability reporting requirements and practices, tracking its gradual adoption on both a voluntary and mandatory basis, and also consider the wider integrated reporting initiative being led by the International Integrated Reporting Council (IIRC).
Organisations involved in sustainability and integrated reporting
International Integrated Reporting Council (IIRC)
The International Integrated Reporting Council (IIRC) (previously the International Integrated Reporting Committee) was formed in August 2010 and aims to create a globally accepted framework for a process that results in communications by an organisation about value creation over time. The IIRC published the first version of its 'International Integrated Reporting <IR> Framework' (<IR> Framework) in December 2013.
We have a dedicated page for the IIRC.
Global Reporting Initiative (GRI)
The Global Reporting Initiative (GRI) promotes the use of sustainability reporting as a way for organisations to become more sustainable and contribute to a sustainable global economy. It is an international not-for-profit organisation, with a network-based structure.
GRI’s mission is to make sustainability reporting standard practice. To enable all companies and organisations to report their economic, environmental, social and governance performance, GRI produces free Sustainability Reporting Guidelines.
We have a dedicated page for the GRI.
Climate Disclosure Standards Board (CDSB)
The Climate Disclosure Standards Board (CDSB) seeks to promote and advance climate change-related disclosure in mainstream reports through the development of a global framework for corporate reporting on climate change.
We have a dedicated page for the CDSB.
United Nations Environment Programme Finance Initiative (UNEP FI)
The United Nations Environment Programme Finance Initiative (UNEP FI) is a global partnership between the United Nations Environment Programme (UNEP) and the financial sector. Over 190 institutions, including banks, insurers and fund managers, work with UNEP to understand the impacts of environmental and social considerations on financial performance. Through its Climate Change Working Group (CCWG), UNEP FI identifies the roles of the finance sector in addressing climate change, and advances the integration of climate change factors - both risks and opportunities - into financial decision-making. This is done through a work programme encompassing research, training, events and regional activities.
The UNEP FI website can be accessed at www.unepfi.org.
Deloitte sustainability and climate change resources
Deloitte maintains a global website dealing with sustainability and climate change resources, including specific resources on sustainability reporting, assurance and compliance. Industry perspectives and member firm resources are also available. Click for Deloitte global sustainability and climate change resources.