IFAC calls on G20 leaders to focus on sustainability reporting
16 Sep 2021
The International Federation of Accountants (IFAC) has released 'Four themes, two actions, one goal: G20 Call to Action 2021' urging G20 leaders to continue their commitment to sustainability, inclusion, prosperity, and global collaboration.
In order to achieve the goal of a more sustainable, inclusive, and prosperous economy and society, IFAC describes four areas the G20 should focus on:
- Accelerate sustainability and inclusiveness
- Recommit to global collaboration
- Resist regulatory fragmentation
- Focus on public sector transparency and integrity
IFAC comments that delivering on these will take a concerted effort from policymakers, businesses, other organisations, investors and individuals.
IFAC believes these priorities require two actions to be taken urgently:
- Support the IFRS Foundation initiative on sustainability standards and
- Champion public financial management.
On the first point, the press release states:
Momentum is growing around developing a global baseline of sustainability standards, with the IFRS Foundation poised to deliver. IFAC strongly supports this crucial work.
Please click to access the Call to Action on the IFAC website.
