UNCTAD and the IIRC sign updated Memorandum of Understanding

  • IIRC (International Integrated Reporting Committee) (green) Image

13 Jun, 2019

The United Nations Conference on Trade and Development (UNCTAD) and the International Integrated Reporting Council (IIRC) have signed an updated Memorandum of Understanding (MoU) to reaffirm their commitment to integrating the United Nation’s Sustainable Development Goals (SDGs) into the corporate reporting cycle.

Under the enhanced collaboration, both organisations promote the SDGs as a framework "to translate global needs and ambitions into business solutions, helping companies to better manage operational and regulatory risks while also unlocking potentially historic market opportunities".

Under the updated MoU, UNCTAD and the IIRC will collaborate around the methodology for SDG Indicator 12.6.1 and to increase support for the SDGs in the market.  The collaboration also reaffirms the role of business in helping to achieve the SGD's, in particular SDG Target 12.6, which is to encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle.

For further information read the announcement on the IIRC website.

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