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


Comment Letters


Event Recording


Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.