Post by account_disabled on Mar 5, 2024 3:44:09 GMT
Sustainability reports are a challenge wherever you read them. These have to bring together the most important achievements of a company, its objectives and its positive contribution to the environment.
They must also have attractive writing so that interest groups such as consumers, shareholders, suppliers, among others, keep reading until the end.
Since throughout it the values and governanc Chile Mobile Number Liste model of the organization are shared. The link between the strategy and the commitment they have to contribute to a sustainable global economy is also shown.
Reports help companies measure the impact of their activities on the environment, society and the economy.
So to help find the most complete but friendly way to develop them, various institutions have shared criteria, advice and standards that guide companies.
Such is the case of the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) who recently decided to join forces to develop a kind of organization under the name of “Value Reporting Foundation”.
A simpler report
This alliance seeks to provide investors and companies with a comprehensive corporate reporting framework across the full range of business value drivers and standards to drive global sustainability performance.
On the other hand, as we face various challenges such as a global pandemic, climate change and growing inequality that are intensifying; Both institutions saw the need to develop a tool that helps expose intangible value and the need for data-based sustainability information has become more important.
According to this new Value Reporting Foundation, capital markets demand transparent, market-informed and evidence-based data to deliver long-term value to shareholders while helping to secure the future of our people. and our planet; Reporting is an important means to this end.
Information is the vital element of good decision making. Capital markets are hungry for information related to business value creation, but cannot easily digest what comes from a fragmented reporting landscape.
Robert K. Steel, Chairman of the SASB Foundation Board of Directors.
For him, this merger is an important step for companies and investors to communicate clearly and easily about the most important issues for financial performance.
In favor of sustainability
Value Reporting Foundation will merge the SASB and the IIRC into a credible international organization that maintains the Integrated Reporting Framework, advocates for integrated thinking, and sets sustainability disclosure standards for business value creation.
The merger directly answers calls from investors and global corporations to simplify the corporate reporting landscape, providing the market with a clear solution for communicating drivers of enterprise value.
The SASB Framework and Standards are complementary. Integrated reports describe all relevant value creation topics and the approach to integrating them into corporate thinking and reporting. SASB provides precise definitions of the data that must be reported for these topics in each industry.
This initiative brings together two important standards that organizations and companies were already using, only through this the entire effort will be unified.
And it will also help them communicate effectively with investors about how sustainability issues are connected to long-term business value, and these efforts ultimately benefit other key stakeholders.
Strengthening business value
Such union will allow enormous progress in the work of CDP, CDSB, GRI, IIRC and SASB on the Statement of Intent to Work Together Towards Comprehensive Corporate Information , which outlines a vision for a comprehensive corporate information system.
Integrating the IIRC and SASB, two entities that enable business value creation, demonstrates the drive toward simplifying the corporate reporting landscape.
Sustainability reports aligned with SDGs
Value Reporting Foundation could eventually integrate other entities focused on enterprise value creation, and the Foundation and CDSB have jointly expressed interest in entering into exploratory discussions in the coming months.
Sustainability disclosure is at the top of the agenda for many, creating incredible momentum toward simplifying the corporate reporting landscape.
Janine Guillot , CEO de SASB.
This kind of merger between these two organizations will better clarify the field of reporting development, and thereby strengthen the efforts on the part of the IFRS Foundation, IOSCO, EFRAG and others working towards global alignment in a corporate reporting system. .
This merger is a significant step forward toward building a comprehensive corporate reporting system, as we work to ensure that integrated reporting and sustainability disclosure have the same level of rigor as financial accounting and disclosure. But reporting should never be just to inform.
Charles Tilley, CEO IIRC.
When announcing the development of the Value Reporting Foundation and its future partnership with the Global Reporting Initiative, GRI President Eric Hespenheide said:
GRI looks forward to working closely with the Value Reporting Foundation to continue progress toward the vision of a single, coherent corporate disclosure system.
Charles Tilley, CEO IIRC.
So part of the focus will be to ensure that companies have effective governance over business value creation factors and that investors can fulfill their role as stewards. With all this planning, it is expected to clarify and facilitate the creation and dissemination of this type of reports.
They must also have attractive writing so that interest groups such as consumers, shareholders, suppliers, among others, keep reading until the end.
Since throughout it the values and governanc Chile Mobile Number Liste model of the organization are shared. The link between the strategy and the commitment they have to contribute to a sustainable global economy is also shown.
Reports help companies measure the impact of their activities on the environment, society and the economy.
So to help find the most complete but friendly way to develop them, various institutions have shared criteria, advice and standards that guide companies.
Such is the case of the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) who recently decided to join forces to develop a kind of organization under the name of “Value Reporting Foundation”.
A simpler report
This alliance seeks to provide investors and companies with a comprehensive corporate reporting framework across the full range of business value drivers and standards to drive global sustainability performance.
On the other hand, as we face various challenges such as a global pandemic, climate change and growing inequality that are intensifying; Both institutions saw the need to develop a tool that helps expose intangible value and the need for data-based sustainability information has become more important.
According to this new Value Reporting Foundation, capital markets demand transparent, market-informed and evidence-based data to deliver long-term value to shareholders while helping to secure the future of our people. and our planet; Reporting is an important means to this end.
Information is the vital element of good decision making. Capital markets are hungry for information related to business value creation, but cannot easily digest what comes from a fragmented reporting landscape.
Robert K. Steel, Chairman of the SASB Foundation Board of Directors.
For him, this merger is an important step for companies and investors to communicate clearly and easily about the most important issues for financial performance.
In favor of sustainability
Value Reporting Foundation will merge the SASB and the IIRC into a credible international organization that maintains the Integrated Reporting Framework, advocates for integrated thinking, and sets sustainability disclosure standards for business value creation.
The merger directly answers calls from investors and global corporations to simplify the corporate reporting landscape, providing the market with a clear solution for communicating drivers of enterprise value.
The SASB Framework and Standards are complementary. Integrated reports describe all relevant value creation topics and the approach to integrating them into corporate thinking and reporting. SASB provides precise definitions of the data that must be reported for these topics in each industry.
This initiative brings together two important standards that organizations and companies were already using, only through this the entire effort will be unified.
And it will also help them communicate effectively with investors about how sustainability issues are connected to long-term business value, and these efforts ultimately benefit other key stakeholders.
Strengthening business value
Such union will allow enormous progress in the work of CDP, CDSB, GRI, IIRC and SASB on the Statement of Intent to Work Together Towards Comprehensive Corporate Information , which outlines a vision for a comprehensive corporate information system.
Integrating the IIRC and SASB, two entities that enable business value creation, demonstrates the drive toward simplifying the corporate reporting landscape.
Sustainability reports aligned with SDGs
Value Reporting Foundation could eventually integrate other entities focused on enterprise value creation, and the Foundation and CDSB have jointly expressed interest in entering into exploratory discussions in the coming months.
Sustainability disclosure is at the top of the agenda for many, creating incredible momentum toward simplifying the corporate reporting landscape.
Janine Guillot , CEO de SASB.
This kind of merger between these two organizations will better clarify the field of reporting development, and thereby strengthen the efforts on the part of the IFRS Foundation, IOSCO, EFRAG and others working towards global alignment in a corporate reporting system. .
This merger is a significant step forward toward building a comprehensive corporate reporting system, as we work to ensure that integrated reporting and sustainability disclosure have the same level of rigor as financial accounting and disclosure. But reporting should never be just to inform.
Charles Tilley, CEO IIRC.
When announcing the development of the Value Reporting Foundation and its future partnership with the Global Reporting Initiative, GRI President Eric Hespenheide said:
GRI looks forward to working closely with the Value Reporting Foundation to continue progress toward the vision of a single, coherent corporate disclosure system.
Charles Tilley, CEO IIRC.
So part of the focus will be to ensure that companies have effective governance over business value creation factors and that investors can fulfill their role as stewards. With all this planning, it is expected to clarify and facilitate the creation and dissemination of this type of reports.