The IFRS Foundation trustees are conducting further analysis after calls for establishing a new board that would issue global sustainability accounting and reporting standards.
The World Economic Forum’s 2021 global risks report highlights short- to long-term threats. Finance teams have an opportunity to lead the charge in managing emerging risks.
Revisions are to clarify concepts, simplify guidance for report preparers, and place greater emphasis on outcomes of businesses’ activities. Fundamental concepts in the framework remain unchanged.
The Association of International Certified Professional Accountants and the Global Accounting Alliance sent letters supporting the IFRS Foundation’s proposal to create a new sustainability reporting standards board.
The Sustainability Accounting Standards Board (SASB) and International Integrated Reporting Council (IIRC) will form a unified organisation led by current SASB CEO Janine Guillot by mid-2021.
The UK government issued a set of equivalence decisions across several financial services areas for firms from EU and European Economic Area states and set out finance initiatives for greening the economy.
The Institute of International Finance and the UN Environment Programme published a how-to guide to help financial institutions produce more uniform and comprehensive disclosures on climate risks.
CIMA President Nick Jackson, FCMA, CGMA, says that management accountants’ role alongside the executive leadership team in driving sustainability is critical.
A set of universal environmental, social, and governance (ESG) measures and disclosures released by the World Economic Forum is designed to help companies report nonfinancial disclosures.
IFAC called for the creation of a new sustainability accounting standards board, and five global organizations committed to working together toward unified corporate reporting.
