by Carol A Adams Main points: Responses have been received from framework/standard setters, professional accounting bodies, reporting organisations, asset owners, asset managers, consultants and civil society participants to Recommendations for SDG Disclosures: A Consultation Paper A response to the consultation responses will be published here Work is underway to finalise SDG Disclosure Recommendations Organisations and […]
Responses to the consultation on Recommendations for SDG Disclosures
Posted on November 14, 2019 · Leave a Comment
Evidence of the take up of integrated reporting
Posted on August 12, 2019 · Leave a Comment
Main points: Most integrated reporters reference the GRI Standards Integrated reporting is popular among SMEs 85% of self-declared integrated reporters discuss at least four capitals Japan is catching up with South Africa in terms of the number of integrated reporters In depth research commissioned and just published by the French accounting regulator, Autorité des Normes Comptable, […]
‘Harmonisation’ or dumbing down non-financial reporting?
Posted on May 22, 2019 · Leave a Comment
by Carol Adams Main points: The key non-financial reporting frameworks deal with different issues and serve different audiences “Harmonisation” appears to mean simplification but the complexities facing business require a multi-faceted response – there is no one reporting framework that addresses all the issues / audiences. Corporate reporting frameworks influence what businesses focus on – […]
Weighing the future cannot be a technical, bureaucratic exercise
Posted on March 24, 2019 · 1 Comment
by Carol Adams Main points: You can’t reduce materiality determining to a bureaucratic and technical process How you measure something can bring unintended consequences Some managers are able to weigh up complex issues with opposing impacts while others find it difficult Involved in sustainability standards for many years, including the development of the AA1000 standard […]
Understanding key stakeholder perspectives in non-financial reporting
Posted on December 8, 2018 · Leave a Comment
by Xinwu He Financial reporting has long been the major topic in Corporate Reporting courses. Traditionally, students who are trained as accountants are taught to do correct accounting treatments, produce financial statements, calculate financial ratios and analyze financial information. Over the last few years, the importance of non-financial reporting has increased through sustainability/corporate social responsibility (CSR)/environmental, […]
UK FRC calls for consideration of climate change risk and importance of stakeholders to value creation
Posted on August 25, 2018 · Leave a Comment
by Carol A Adams Main points: Acknowledgement that climate change presents risks for companies Recognition that stakeholders are important to the long-term success of a company Support for increasing integration of non-financial information in corporate reporting Agreement on the need for disclosures on how value is created There is a disconnect between academic research and […]
ASX consultation on Corporate Governance Principles
Posted on August 12, 2018 · Leave a Comment
by Carol A Adams Main points: ‘Social licence to operate’ is inappropriate as a frame for determining climate change and other sustainability risks Boards should identify sustainable development risks in their external environment Climate change and sustainability risks should be on the Board skills matrix Minimum gender targets for women should be enforced The ASX […]
UK Green Finance Inquiry report concludes climate change risk reporting should be mandatory
Posted on June 4, 2018 · Leave a Comment
by Carol A Adams Main points: Pension fund Trustees have a Fiduciary Duty to consider long term financial risks of climate change There’s a lack of regulatory mechanisms in place to ensure climate change risks are incorporated into investment decisions Recommendations of the Taskforce on Climate related Financial Disclosures (TCFD) should be mandatory and enforced […]
Pension funds adopt strikingly different approaches to climate change risk
Posted on May 26, 2018 · Leave a Comment
by Carol Adams Pension funds invest for the long term and scientists have concluded that climate change poses a significant risk to all aspects of life, including water, food and energy security. The implications for business are significant and yet investor and corporate action does not match this known impact of climate change and other […]
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