Contributing to the Global Economy
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 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 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 Responds to WEF Consultation on Improving Reporting for ESG and Value Creation
IFAC Response to the European Commission’s Non-Financial Reporting Directive Review
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.
Related Resources
Comment Letters
Letters from CEO Kevin Dancey
- Time for Action on Sustainability: Next Steps for the Accountancy Profession
- How Global Standards Become Local: Using the Sustainability Building Blocks
- Enhancing Corporate Reporting: Sustainability Building Blocks Revisited
- IFAC Call to Action in Support of International Sustainability Standards Board
- Corporate and Sustainability Reporting – A Look Ahead