International Federation of Accountants

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Sustainability Standards

 

Time for Action on Sustainability: Next Steps

 

Go to IFAC's Sustainability Assurance Resources

 

Press releases

IFAC Continues to Advocate for Convergence in Global Sustainability Disclosure

IFAC Congratulates the ISSB on Publication of its First Two Proposed Standards Addressing Climate and General Sustainability-Related Disclosures

IFAC Welcomes U.S. SEC’s Action to Enhance Climate Disclosures; Continues Support for Global Alignment

IFAC Pledges Ongoing Support for New International Sustainability Standards Board

IFAC Calls on G20 Leaders to Focus on Sustainability Reporting and Public Sector Integrity

IFAC Urges Stakeholders to Prepare Now for Global Sustainability Standards

IFAC Welcomes IFRS Foundation Constitutional Amendments to Establish a New ISSB

IFAC Supports IOSCO’s Vision for a Global Baseline of Investor-Focused Sustainability Standards

IFAC Welcomes U.S. SEC’s Request for Input on Climate Change Disclosures; Urges Support for Global System

IFAC Encourages A Building Blocks Approach for Reporting Sustainability-Related Information

IFAC Sees Continued Opportunity to Harmonize Corporate Sustainability Reporting

IFAC Supports IFRS Trustees’ Action Toward an International Sustainability Standards Board

IFAC Responds to IFRS Foundation Sustainability Reporting Consultation

IFAC Responds to the IIRC's Consultation Draft of the International Framework 2020

IFAC Calls for Creation of an International Sustainability Standards Board Alongside the International Accounting Standards Board

IFAC Responds to WEF Consultation on Improving Reporting for ESG and Value Creation

IFAC Response to the European Commission’s Non-Financial Reporting Directive Review

Building a Coherent, Global Approach to Corporate Reporting

A growing, global demand for sustainability—in society, in public and private organizations, and on our planet—has fueled demand for enhancing corporate reporting. For investors and sustainability-minded stakeholders to assess a company’s future performance, they need a clear and comprehensive picture of its ability to create sustainable value over time—not just a snapshot of its finances.

The corporate reporting system needs to evolve and expand to deliver the right information—to shareholders, regulators, and the public. IFAC is committed to working on behalf of the global accountancy profession to address the evolution of standard setting and corporate reporting.

Rationalization and alignment need to occur for sustainability information to achieve its full potential. As a result, in September 2020, IFAC called for a global solution led by an International Sustainability Standards Board to sit alongside the International Accounting Standards Board under the IFRS Foundation.

We are on a journey toward a unified, coherent, global and authoritative standard-setting process, with outcomes applied everywhere. IFAC calls on the accountancy profession to lead and support this transformation—both in responding to change and anchoring it in essential skillsets.

 
 

Getting to Net Zero: A Global Review of Corporate Disclosures

Read the report

 

Related Resources

Remaining Relevant: Opportunities to Expand Your Sustainability Know-How

September 22, 2022

Sustainability Assurance

July 28, 2022

Leading Financial Market Participants Call for Stronger Alignment of Regulatory & Standard Setting Efforts around Sustainability Disclosure

August 30, 2022

Sustainability Information for Small Businesses: The Opportunity for Practitioners

November 18, 2021

Doing Different Things: Approaching Sustainability with Confidence, and Your Existing Skillset

July 29, 2021 | Helen Partridge

Corporate Reporting: Climate Change Information and the 2021 Reporting Cycle

September 7, 2021

Feeling the Heat: CEOs Who Ignore Climate Change Do So at Their Own Peril

September 2, 2021 | Kevin Dancey

Professional Accountants Leading Reporting and Assurance on Sustainability

May 26, 2021 | Kevin Dancey

Four Priorities, Two Actions, One Goal: G20 Call to Action 2021

September 15, 2021

 

Comment Letters

 

Letters from CEO Kevin Dancey

 
 

Event Recording

 
 

Getting to Net Zero: Emissions Targets and Transition Plans

As a global systemic risk, climate change has become a focal point for corporate sustainability disclosure. David Madon and Stathis Gould discuss the results of the report 'Getting to Net Zero: A Global Review of Corporate Disclosures' which analyzes disclosure trends in emissions reduction targets and transition plans of the 40 largest exchange-listed companies in 15 jurisdictions, for a total of 600 companies. The jurisdictions include G7 countries and 8 non-G7 countries for the 2020 reporting year.

Understanding ESG Reporting

ESG/Sustainability is on the minds of individuals, policymakers and investors the world over. And high-quality information from companies is central to the discussion. This event aims to equip individual investors with a better understanding of what ESG reporting is, how to integrate it into their investing decisions, and current developments in the ESG reporting space.

Sustainability: The Role of the Accountancy Profession

Kevin Dancey, CEO, IFC delivers a call to action for professional accountants to lead the transformation of high-quality standard-setting for sustainability disclosure with an integrated mindset to enhance internal decision making.

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