Recent sustainability and integrated reporting developments

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17 Aug, 2017

A summary of recent developments at GRI/GSSB CPA Canada, BUFDG and the IIRC.

The Global Sustainability Standards Board (GSSB) of the Global Reporting Initiative has launched a public consultation for draft revisions to GRI Standards 303 Water and 403 Occupational Health and Safety. Running from 10 August through 9 October 2017, this public consultation invites feedback from all stakeholders. Please click for the review page for GRI 303 and the review page for GRI 403.

Chartered Professional Accountants of Canada (CPA Canada) has posted two articles on climate change aspects to its website: It’s time to make climate change a business issue notes that the business cost of climate change is real and growing. But that not everyone is aware of the issues. Planning for climate change and a carbon-reduced economy discusses the impact of climate change on business model and strategy and points out a corresponding online learning on 19 October 2017.

The British Universities Finance Directors Group (BUFDG) has published a report examining Integrated Reporting in four universities.  Further information is available on the BUFDG website here.

The International Integrated Reporting Council (IIRC) has launched two new specialist interest groups under the umbrella of the <IR> Network and is inviting new businesses to join the network to explore and innovate in areas of integrating reporting.  The first group focuses on value creation by financial institutions and will look at how the financial services industry should create net value, what the purpose of the industry is, who value is created for and how it can build trust.  The second group focuses on strategy and integrated thinking.  Those interested should send an email to businessnetwork@theiirc.org. 

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