Abstract:

As reporting on various sustainability-related risks and opportunities is maturing and international standards are being adopted with pace, the central challenge is no longer technical alignment but professional judgment, governance and institutional capability. Drawing on recent academic–standard-setter dialogue, this article explores why effective sustainability-related reporting depends as much on how organisations think, decide and are governed as on what they disclose. It highlights implications for professional bodies, SMPs and Boards operating under increasing complexity, uncertainty and constrained resources. The piece argues for a shift from compliance-led implementation to capability-driven adoption, with professional judgment at its core.

 

Create a free account to continue reading

Gain access to the full article and enjoy even more insightful content, tailored resources and exclusive updates. Sign up for free to:

  • Access a broad range of articles on the global accountancy profession
  • View recent and historical reports and publications from IFAC
  • Sign up for upcoming events and webinars to stay updated on emerging issues
  • Subscribe to IFAC newsletters related to your specific interests and needs
Or, if you already have an account Log in
A woman with shoulder length hair smiles at the camera
Lina Lemessiou

Lina Lemessiou is Founder and Managing Director of NEWinsight™. She previously worked at EFRAG on European sustainability reporting initiatives, and has held senior roles in international accountancy networks and professional bodies. Her work focuses on sustainability reporting and assurance, governance, quality management, and professional capability development.

Explore More On...