IFAC study on sustainability disclosure beyond the G20
20 Sep 2023
The International Federation of Accountants (IFAC) has published a broad examination of sustainability disclosure and assurance practices beyond the G20.
The report The State of Play: Beyond the G20 shows a continued need for alignment and assurance:
- While disclosure rates grew by 5% and assurance 11% from 2019-2021, jurisdictions beyond the G20 still lag by 6% (disclosure) and 16% assurance.
- Integrated reporting is on the rise, with sustainability information increasingly integrated with financial disclosures in annual reports rather than presented in standalone sustainability reports.
- Sustainability standards and frameworks remain an ‘alphabet soup’ with 84% of reviewed companies using a mix of standards and frameworks.
- While assurance rates have increased, the range of topics covered is narrowing.
Please click to access the full report on the IFAC website.
