This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Recent sustainability and integrated reporting developments

  • Leaf - sustainability (green) Image

24 Jun 2021

A summary of recent developments at IFAC, The Investor Agenda, VBA, ACCA, IIRC, SASB, GRI, CDP, ASCG, The Reporting Exchange, and Deloitte.

The International Federation of Accountants (IFAC) examined global practices for sustainability reporting and assurance over that information, including the prevalence of assurance, level of assurance, and the standards used by practitioners. It found wide variations in how sustainability information is being reported by companies, and how accountants are providing assurance services to vet the information. More information is available on the IFAC website.

The seven Founding Partners of The Investor Agenda are calling on governments to commit to implementing mandatory climate risk disclosure requirements aligned with the TCFD recommendations, ensuring comprehensive disclosures that are consistent, comparable, and decision-useful. Please click for more information here.

The Value Balancing Alliance (VBA), whose goal it is to enable stakeholders to compare the non-financial performance of companies like financial performance today, has published a position paper on the standardisation of disclosure requirements. Please click to access the paper here.

The Association of Chartered Certified Accountants (ACCA) has published a report examining how a selection of organisations in the Business Network of the International Integrated Reporting Council (IIRC) are communicating integrated thinking in their integrated reports. Please click to access the report here.

Ahead of the merger with the Sustainability Accounting Standards Board (SASB) to form the Value Reporting Foundation (VRF) the International Integrated Reporting Council (IIRC) has publishesd its latest integrated report Driving Cohesion. Please click to access the report here.

The IIRC has also published an updated translation of the International Framework in Russian, to support the understanding and adoption of integrated reporting in Russia. Please click to access the translation here.

The Sustainability Accounting Standards Board (SASB) has announced the availability of French translations of its standards. Please click for more information here.

The Global Reporting Initiative (GRI) has released research conducted internally by GRI South Asia that finds that sustainability reporting is on the rise in three target countries – India, Bangladesh, and Sri Lanka. Please click for more information here.

The Carbon Disclosure Project (CDP) has released a regional Asia Pacific Analysis of 2020 corporate Eenvironmental disclosures. Please click for more information here.

The CDP has also released a Q&A with comments from CDP Europe on what the proposed CSRD means for companies. Please click for more information here.

Also on the proposed CSRD, the Accounting Standards Committee of Germany (ASCG) has published key messages. Please click for more information here.

The ASCG is also the first national standard setter to publish publicly available information on how Germany will support the ISSB financially. Please see the ASCG press release here.

The Reporting Exchange has moved to a new website: https://www.arabesque.com/

Deloitte has commented on the SEC's requests for input on climate-related and other ESG disclosures. Please see our comment letter here.

Deloitte has also published a Heads Up Newsletter — Do ESG Matters Affect Accounting and Financial Reporting Today? Please click to access the newsletter here.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.