In addition to the importance of the Sustainable Development Goals a(SDGs), this post will discuss an available linkage document between the SDGs and the Global Reporting Initiative (GRI) Standards. The Sustainable Development Goals, also known as the Global Goals or SDGs, are the cornerstone for assessing the progress of the 2030 Agenda for Sustainable Development. […]
The Importance of SDG Reporting and Reporting Linkages Read More »
“Interoperability” has been a buzz word for the last several years among those concerned with sustainability reporting. What does it mean? In simple terms, it means the ability of these standards to work together, for them to be connected. This is clearly an important idea given that the sustainability reporting has many reporting standards, frameworks, and questionnaires,
Interoperability as used in ESG Reporting Standards and Frameworks – What does it mean? Read More »
What are the IFRS Sustainability Disclosure Standards IFRS S1 and IFRS S2? Simply put, these sustainability-related financial reporting standards are intended to provide a comprehensive approach to sustainability reporting. Why is another sustainability framework/standard needed? The sustainability reporting landscape has many general reporting standards/frameworks/questionnaires such as GRI Standards, CDP environmental questionnaires, TCFD Recommended Disclosures, SASB
How did TCFD get its start? In 2015, the G20 Finance Ministers and Central Bank Governors requested that the Financial Stability Board (FSB) create a task force to recommend climate related risks disclosures. Why was this request so important? The creation of TCFD by the FSB illustrated the direct connection of climate risks to global
Taskforce on Climate-related Financial Disclosures (TCFD): Why it is important! Read More »
The impacts of climate-related risks have the attention of companies. You can see this in the increase in companies reporting on their climate-related risks and impacts through a variety of voluntary sustainability frameworks, standards, and questionnaires. These include CDP, the Task Force on Climate-related Financial Disclosures (TCFD) Recommendations, and Global Reporting Initiative (GRI). Although these
Climate-related Risks – Why are they so important for businesses to disclose? Read More »
Reporting structure is an important detail in the European Sustainability Reporting Standards. According to the standards, there are requirements for how a company’s sustainability statement is to be presented. This is unlike the GRI Sustainability Standards, which does not prescribe a particular format. Here is what GRI says in GRI 1 Foundation 2021: “The organization
More details for the European Sustainability Reporting Standards (ESRS) Read More »