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IFAC calls on G20 leaders to focus on sustainability reporting

  • IFRS - IFAC Image
  • G20 Image

Sep 15, 2021

On September 15, 2021, the International Federation of Accountants (IFAC) released "Four themes, two actions, one goal: G20 Call to Action 2021" urging G20 leaders to continue their commitment to sustainability, inclusion, prosperity, and global collaboration.

In order to achieve the goal of a more sustainable, inclusive, and prosperous economy and society, IFAC describes four areas the G20 should focus on:

  1. Accelerate sustainability and inclusiveness
  2. Recommit to global collaboration
  3. Resist regulatory fragmentation
  4. Focus on public sector transparency and integrity

IFAC comments that delivering on these will take a concerted effort from policymakers, businesses, other organizations, investors and individuals.

IFAC believes these priorities require two actions to be taken urgently:

On the first point, the press release states:

Momentum is growing around developing a global baseline of sustainability standards, with the IFRS Foundation poised to deliver. IFAC strongly supports this crucial work.

Review the Call to Action on the IFAC's website.

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