Contributing to the Global Economy
How Global Standards Become Local
Using the Sustainability Building Blocks
Sep 09, 2021 | Guidance & Support Tools
IFAC’s new framework for implementing global sustainability standards set by an International Sustainability Standards Board builds on the previously issued Building Blocks Approach. This framework examines how existing mechanisms already in place for adopting IFRS Standards used in financial reporting may be appropriate or adapted for sustainability-related reporting. Alternatively, a new mechanism may be required. IFAC urges its member organizations to engage now with local policy makers on what mechanisms (new or existing) can be used to transition forthcoming global standards into local standards—implemented and enforced in jurisdictions around the world.
Learn more about the global drive for sustainability standards and IFAC's role.
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- Sustainability Standards
- Enhancing Corporate Reporting: Sustainability Building Blocks
- Enhancing Corporate Reporting: The Way Forward
- IFAC Technology Matrix
- The Role Accounting Technicians Can Play in the Global Accountancy Ecosystem
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