Recent sustainability and integrated reporting developments

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29 Jan, 2020

A summary of recent developments at Carrots & Sticks/the Reporting Exchange, CDSB, IRC, A4S, GRI, ICAEW, EFRAG, and SSE.

Carrots & Sticks and the Reporting Exchange have collaborated to improve access to reliable and comparable information by aligning taxonomies. Jointly, the newly aligned systems give public and private sector users an overview of hundreds of reporting provisions covering the world’s 70 largest economies. This includes mandatory and voluntary requirements and guidance from regulators, capital markets, professional associations, industry bodies and other organisations. Please click for more information and access to the systems.

The Climate Disclosure Standards Board (CDSB) has announced the launch of a consultation with the aim of accelerating the rate of nature-related financial disclosures at scale by organisations globally and exploring the role of the CDSB Framework in facilitating this. Please click for more information and access to the consultation.

The Integrated Reporting Committee (IRC) of South Africa has developed an information paper to assist organisations with their disclosure of the information regarding outlook. The paper aims to inform those preparing integrated reports, as well as executives and members of the governing body who are responsible for guiding and approving integrated reports. Please click for more information and access to the information paper.

Accounting for Sustainability (A4S) has released Financing our Future (Update), which updates the September 2018 report of the same title and also contains five overarching recommendations, one of which regards sustainability reporting and calls for the adoption of global reporting standards and the use of consistent terminology. Please click for more information and access to the original and the updated report.

The Global Reporting Initative has announced the launch of a new tax reporting standard that seeks to ensure multinationals are much clearer about how much – and where – they pay their taxes (more information) as well as the launch of a new toolkit to advance reporting on modern slavery (more information).

The Institute of Chartered Accountants in England and Wales (ICAEW) will be hosting a webinar looking at the Task Force on Climate-related Financial Disclosures' recommendations in more detail. Please click for more information.

The European Corporate Reporting Lab @EFRAG announces a launching event of a report on Climate-related Reporting, on 6 February. The report focuses on good reporting practice examples from Europe and beyond related to general climate-related disclosures and scenario analysis. Please click for more information and registration.

The United Nation's Sustainable Stock Exchanges (SSE) initiative announces that The Athens Stock Exchange, a member of the initiative since 2018, published its first ESG reporting guide. Please click for more information and access to the guide.

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