Recent sustainability and integrated reporting developments

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22 Dec 2017

A summary of recent developments at WBCSD, GRI, TCFD/CDSB, IRC, and NZX.

The World Business Council for Sustainable Development (WBCSD) released the CEO Guide to climate-related financial disclosures. The new guide, written in partnership with the CEOs of 25 WBCSD member-companies, sets out clear actions that CEOs can take to align their organisations with the recommendations of the Taskforce for Climate-related Financial Disclosure (TCFD). The guide can be accessed through the press release on the WBCSD website.

​The Global Reporting Initiative (GRI) has published a short series of articles that looks back at GRI’s efforts in 2017 and at what 2018 has in store. The articles are (all links to the GRI website):

The Climate Disclosure Standards Board (CDSB) is working with the TCFD to develop a knowledge hub to better support companies interested in implementing the TCFD recommendations. The Hub will go live in the first quarter of 2018 and will be available via Please see the press release on the CDSB website announcing the cooperation.

The Integrated Reporting Committee (IRC) of South Africa has developed a Information Paper to assist organisations in the disclosure of information that shows how governance supports the organisation’s value creation process. Disclosure of Governance Information in the Integrated Report is available on the IRC website.

The New Zealand Stock Exchange (NZX) has published a guidance note for issuers on environmental, social and governance (ESG) reporting, designed to accompany the updated New Zealand Corporate Governance Code which includes voluntary reporting on ESG information.  As a partner exchange of the Sustainable Stock Exchanges (SSE) initiative, NZX committed to produce guidance on ESG reporting in early 2017. Please click to access the guidance note on the NZX website.

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