Recent sustainability and integrated reporting developments

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17 Mar, 2020

A summary of recent developments at CDSB, CDSB/CDP, SASB, IRC, ICAI, Deloitte, and IAASB.

The Climate Disclosure Standards Board (CDSB) is following the review of the EU Non-Financial Reporting Directive closely and proposes eight changes to ensure that the Directive is fit for purpose to achieve Europe’s ambitious sustainable finance goals. Please click for further information on the CDSB website.

The CDSB and the Carbon Disclosure Project (CDP) have jointly released an environmental reporting handbook to help companies improve their disclosure in line with the EU Non-Financial Reporting Directive. The EU Environmental Reporting Handbook helps companies learn from their peers to better understand how to report in line with the Directive. Please click for further information on the CDSB website

The Sustainability Accounting Standards Board (SASB) has launched the SASB Implementation Primer, an online resource for companies seeking to incorporate SASB standards into their core communications with investors. Please click to access the press release and the implementation primer on the SASB website.

The Integrated Reporting Committee (IRC) of South Africa has updated its starter’s guide initially published in 2014, to provide organisations with practical suggestions on preparing an integrated report. The guide is aligned with the King IV Report on Corporate Governance for South Africa and presents updated examples five years after publication of the International <IR> Framework. Please click to access Preparing an Integrated Report – A Starter’s Guide (Updated) on the IRC website.

The Institute of Chartered Accountants of India (ICAI) has set up a Sustainability Accounting Standards Board to help companies in achieving sustainable development goals. The Board will set standards that will establish disclosure requirements in line with the sustainable development goals of the United Nations. The initial composition of the Board is available here.

Deloitte Norway studied the annual and sustainability reports of the 50 largest companies headquartered in the country, analysing their maturity in terms of integrated reporting and sustainability reporting. Greenwashing or measurable results? can be accessed here.

Deloitte UK has commented on Advancing Nature-related Financial Disclosures and use of the CDSB Framework published by the CDSB. Deloitte encourages the CDSB to work with others to push with urgency for consolidation and harmonisation of standards and frameworks, in order to have one definitive global standard on climate reporting. Please click to access the comment letter here.

The International Auditing and Assurance Standards Board (IAASB) is consulting on proposed guidance Extended External Reporting Assurance. The purpose of the guidance is to promote consistent high-quality application of ISAE 3000 so as to strengthen the influence of EER assurance engagements on the quality of EER reports, enhance user trust in the resulting assurance reports, and engender greater confidence in the credibility of, trust in and reliance upon EER reports by their intended users. Please click for more information on the IAASB website.

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