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The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
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|Global Knowledge Gateway||
The importance of sustainability and corporate responsibility continue to gain recognition; indeed, organizations that embrace sustainability can enhance their reputation with stakeholders and their value. The intersection of business and sustainability has three key dimensions: economic viability, social well-being, and environmental responsibility. Accountants work in this area to help embed sustainability factors into an organization’s strategy and decision-making processes to achieve sustainable value creation. Read More
by Anthony Pember, Chief Executive Officer, Pilbara Group, Mark Lemon, Manager, Global Public Sector Practice, Grant Thornton LLP and Stathis Gould, Head of Professional Accountants in Business, IFAC | April 25, 2014 |
Are organizations using management accounting tools, such as activity-based costing and management (ABC/M), to manage environmental impacts? As with a traditional ABC/M model, an environmental ABC/M model leverages an organization’s emissions inventory and GHG footprint, and assigns that footprint to particular products, services, and activities. So why isn’t such a model more widely used? Read More
Another Reporting Framework? Yes, but a Valuable One
by Dr. Jarlath Molloy, CPhys, Climate Disclosure Standards Board Technical Manager | April 1, 2014 |
Given the long list of voluntary environmental and sustainability reporting frameworks, and guidelines available—from GRI, ISO, CDP, OECD, the UN, and many more, plus a few more on the horizon from the IIRC and SASB—is another one really necessary? The Climate Disclosure Standards Board says yes—a framework that allows investors to assess the relationship between environmental performance and risks and the organization’s strategy and prospects. Read More
Focus on What Really Matters: Key Trends in Sustainability and ESG Reporting
by Stathis Gould, Head of Professional Accountants in Business, IFAC | February 10, 2014 |
Investor engagement, regulation, and societal expectations are driving increasing awareness and action on environmental, social, and governance performance. This forces organizations and CFOs to enhance reporting and disclosure, and include ESG factors in daily decision making. But how should organizations provide meaningful and specific disclosures for ESG issues? What significant initiatives and frameworks are available to help? How can organizations ensure reporting and disclosure is useful for users? Read More
A recent trip to China left me both impressed and depressed, and more aware than ever that environmental problems there belong to the entire world. Since my last visit, more than 20 years ago, the country has propelled itself from a primarily agricultural nation into an economic superpower. We are all aware of the continuous stream of double-digit growth figures but traveling through the country gives you a better idea of how this translates in actual changes in living conditions for the Chinese—an unprecedented scale! Read More
An increasing number of companies, including Coca Cola, British Telecommunications, and retail organizations Kingfisher, Ikea, and PUMA are striving to become net positive, which means that they will give back when it comes to the critical environmental and social factors upon which their business models depend. Read More
- CDSB Framework Launched
July 6, 2015 - Climate Disclosures Standards Board
- SASB Issues Provisional Sustainability Accounting Standards for Consumption Industries
July 2, 2015 - Accounting Today
- The Economy’s Missing Metrics
July 1, 2015 - New York Times
- "Business Can Be a Global Force for Good," Ban Says as General Assembly Honours UN Global Compact
June 29, 2015 - UN News Centre
- Project and Investment Appraisal for Sustainable Value Creation
August 14, 2013 - IFAC
- GRI Reporting Framework (G4)
January 1, 2013 - Global Reporting Initiative