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Recent sustainability and integrated reporting developments

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08 Nov 2016

A summary of recent developments at WBCSD/CDSB, CDSB/Commit to Action, GRI, and IRC/IIRC.

On 15 November 2016, the Climate Disclosure Standards Board (CDSB) and the World Business Council for Sustainable Development (WBCSD) offer a joint webinar to introduce the new Reporting Exchange platform. The platform is a freely available, collaborative, global knowledge platform to help business users prepare sustainability information for voluntary, compliance, or mainstream reporting purposes. More information is available on the CDSB website.

On 22 November 2016, the Climate Disclosure Standards Board (CDSB) and We Mean Business: Commit to Action offer a joint webinar about how the changing policies in the remainder of 2016 including the recommendations by the G20 Task Force on Climate-Related Financial Disclosures and the EU Non-Financial Reporting Directive may affect the way companies report climate change information in their mainstream annual reports. More information is available on the CDSB website.

The Global Reporting Initiative (GRI) has released a study Sustainability Integration: Corporate Reporting Practices in India by the GRI Regional Hub South Asia. Sustainability reporting practices in India have evolved considerably over the last decade, in line with changing stakeholder expectations and regulatory requirements. The level of disclosure by Indian companies has also increased, reflecting a better understanding of the links between sustainability practices, corporate performance and competitive advantage. The study can be accessed through the press release on the GRI website.

In South Africa, the King IV Report on Corporate Governance for South Africa 2016 (King IV) has been released. King IV closes the circle of integrated reporting that was started with the release of King III in September 2009. King III called on organisations to prepare an integrated report each year which would reflect the appreciation that strategy, risk, performance and sustainability are inseparable. This resulted in the founding of the Integrated Reporting Committee (IRC) of South Africa to develop a framework for an integrated report. This framework later fed into the development of the International Framework released by the International Integrated Reporting Council (IIRC) in 2013. The release of King IV now closes the circle as it references the International Framework underpinned by the same thinking and terminology. The King IV Report can be accessed here.

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