Recent sustainability and integrated reporting developments

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06 May 2021

A summary of recent developments at SEC, CAQ, FASB, IFAC, IFAC/IIRC, IIIRC/SASB, GRI/SASB, SASB, WEF/VBA, WBCSD, EFRAG, ACCA, A4S, SEBI, and SSE.

The US Securities and Exchange Commission (SEC) has (all links to the SEC website):

The Center for Audit Quality (CAQ) of the American Institute of Certified Public Accountants (AICPA) has (all links to the CAQ website):

The US Financial Accounting Standards Board (FASB) has released a staff educational paper on the intersection of environmental, social, and governance matters with financial accounting standards (link to FASB website).

The International Federation of Accountants (IFAC) has (all links to IFAC website):

The IIRC and the Sustainability Accounting Standards Board (SASB) have published a joint article on how an integrated report can be strengthened by using SASB Standards (link to IIRC website).

The Global Reporting Initiative (GRI) and the SASB have published a joint publication A Practical Guide to Sustainability Reporting Using GRI and SASB Standards (link to GRI website).

The SASB has (all links to SASB website):

The World Economic Forum (WEF) and the Value Balancing Alliance (VBA) have published a joint statement noting their intention to work together to achieve systematic change in the direction of global sustainability / ESG accounting and reporting standards (link to WEF website).

The World Business Council for Sustainable Development (WBCSD) has announced the publication of a report Corporate natural capital accounting - from building blocks to a path for standardization (link to WBCSD website).

The project task force on the reporting of non-financial risks and opportunities and the linkage to the business model of the European Financial Reporting Advisory Group (EFRAG) will host an outreach event on 25 May that aims to get stakeholder feedback on its draft report’s key findings (link to EFRAG website).

The Association of Chartered Certified Accountants (ACCA) has published a report containing the results of a study that looked at climate change reporting by mining, oil and gas companies (link to ACCA website).

Accounting for Sustainability (A4S) has published the A4S Essential Guide to Valuations and Climate Change (link to A4S website, publication also available in the French language).

The Securities and Exchange Board of India (SEBI) has announced to introduce new ESG reporting requirements beginning with the 2022-23 financial year (link to SEBI website).

The United Nation's Sustainable Stock Exchanges (SSE) announces that (all links to SSE website):


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