Group of Five Urges Adoption of Sustainability Reporting Prototype

The harmonised international sustainability reporting framework gives complete “operating begin” in standardised disclosure.

Leaders from 5 sustainability reporting standards-setting our bodies, colloquially generally known as the ‘group of 5’, have inspired firms to start producing climate-related monetary disclosures in keeping with their sustainability requirements prototype, revealed late final 12 months. 

The group of 5 consists of CDP, Local weather Disclosure Requirements Board (CDSB), World Reporting Initiative (GRI), Worldwide Built-in Reporting Council (IIRC) and Sustainability Accounting Requirements Board (SASB). The prototype is the first try by the 5 organisations to mix their current requirements frameworks to construct a common system for reporting the influence of sustainability components on enterprise worth.  

“We’ve put ahead what we think about to be the very best and quickest path to a complete reporting system that addresses each enterprise worth and sustainability-related danger,” mentioned Janine Guillot, CEO of SASB, in a webinar hosted by Affect Administration Undertaking (IMP) on 12 January. 

CDSB Managing Director Mardi McBrien additional famous that trade must “sustain the momentum” round sustainability reporting initiatives that constructed in direction of the tip of final 12 months, including … [continues]

Learn the total article on Regulation Asia’s sister publication, ESG Investor.