September 29, 2022

IFAC calls on global business leadership to drive trust and sustainable value creation by championing an “integrated mindset”

Functional and information silos within organizations are barriers to delivering high-quality sustainability-related information, which is necessary for decision making and trustworthy corporate reporting.
September 29, 2022

Evolution of Regulatory Frameworks for Environmental Reporting A Comprehensive Analysis with Special Reference to India and Bangladesh

Corporate environmental reporting is a significant way in providing the actual scenario of the organizations’ environmental performance with the purpose of acknowledging their impact on natural system. It is also necessary for taking any controlling measure or developing corporate and national policy for reducing or avoiding environmental cost and hazards in achieving sustainable development.
September 29, 2022

European Commission adopts corporate sustainability due diligence Directive proposal

On 23 February 2022, the European Commission (EC) adopted a proposal for a Directive on corporate sustainability due diligence. The proposal aims to foster sustainable and responsible corporate behaviour throughout global value chains.
September 29, 2022

Chain Reaction

Pressure is growing for firms to demonstrate that they are operating responsibly. Ryan Herman hears how formalising the supply chain audit and harmonising ESG reporting could be the missing pieces. Profits with a purpose: that was how BlackRock CEO Larry Fink described the company’s decision to make environmental, social and corporate governance (ESG) an integral part of its long-term investment strategy.
September 29, 2022

Non Financial Reporting

Non-financial reporting and narrative reporting are terms often used to refer to the information included in the ‘front half’ of the annual report and accounts.
September 29, 2022

Paris-aligned accounts

The Paris Agreement aims to achieve net zero emissions globally by 2050. Reaching these goals will require action from all. ICAEW explores how accountants in business and practice can align corporate reporting to the Paris Agreement objectives.
September 29, 2022

ISCA Sustainability Reporting Implementation Roadmap

With the global push for Sustainability Reporting and the benefits that Sustainability Reporting brings to both investors and companies, the Singapore Exchange (SGX) launched the Sustainability Reporting listing rules and the Sustainability Reporting Guide (the SGX Guide) in June 2016. Entities listed on the SGX are required to prepare an annual Sustainability Report which describes the organisation’s sustainability practices with reference to environmental, social and governance (ESG) issues with effect for any financial year ending on or after 31 December 2017.
September 29, 2022

SAAEPS A Practitioners Perspective

The growth of assurance being provided on sustainability and integrated reports has required the auditing profession, through the Independent Regulatory Board for Auditors (IRBA) Sustainability Standing Committee, to consider the value to be achieved through the provision of assurance on those non-financial indicators that have been identified by the client.
September 29, 2022

The New Rational Purpose Requirement

Many researchers believe that sustainability reporting could have the potential to transform the role of business in society if it succeeds in making organisations more accountable for the negative social and environmental impacts. The unfortunate reality is that a lot of these reports tell a very one-sided story about the impacts of organisations. It is contended that this information could mislead stakeholders and that it could ultimately be counterproductive to sustainability development.
September 28, 2022

Sustainability Assurance – Seize the Opportunity

The importance of robust assurance in making sustainability reporting reliable and meaningful cannot be overstated. Chartered Accountants Australia New Zealand worked with practitioners and experts to map out some practical steps to seize the opportunities.