Europe needs mandatory non-financial reporting to underpin the COVID recovery

Main points: Non-Financial Reporting (NFR) is critical to building a sustainable economy post the COVID-19 crisis.  With a consultation in progress for the NFR Directive and the development of Tools and Mechanisms for the Integration of ESG factors into the EU Banking Prudential Framework and into Banks’ Business Strategies and Investment Policies the EU Commission […]

Value creation v impact

Main points: The SDGD Recommendations ask organisations to consider both value creation for the organisation and impact on the achievement of sustainable development. Key reporting frameworks are compared for their focus on contribution to value creation v impact. The SDGD Recommendations draw on the three most influential non-financial reporting frameworks/standards. Should reporting frameworks focus on […]

Airlines, COVID-19, climate change and risk reporting

COVID-19 highlights the cracks in corporate risk reporting and head-in-sand corporate governance practices.  The experience with SARS demonstrated how vulnerable airlines are to viral outbreaks, whether pandemics or not.  And recent negative coverage of Royals on private jets demonstrates public awareness of the contribution of air travel to climate change. But airlines are not acknowledging […]

Accountancy Europe’s proposal for sustainability reporting standards

Main points: Accountancy Europe has proposed new structure for sustainability and other forms of non-financial reporting Further consideration should be given to the problems that need to be addressed Any solution must involve enforced mandatory requirements for large companies Accountancy Europe’s proposed structures for sustainability and other forms of non-financial reporting mirror those of financial […]

Investors are asking the wrong questions about sustainability

by Carol A Adams When it comes to hitting the 2030 targets underpinning the UN’s 17 Sustainable Development Goals, considering risk alone will not cut it. Larry Fink’s recent emphasis on climate change risks and divesting in coal is significant, albeit a few decades late, but what about opportunities? And what about other sustainable development issues that […]

Call for improved UN Sustainable Development Goals disclosures

by Carol A Adams Main points: Sustainable Development Goals Disclosure (SDGD) Recommendations is published today by leading accounting bodies and others. The SDGD Recommendations are aligned to GRI, IIRC and TCFD. Consultation responses and a Feedback report informed the Recommendations. Consultation responses emphasised the need for accountability for value destruction and negative impacts. Recommendations calling […]

The consultation responses

by Carol A Adams Main points: Responses to Recommendations for SDG Disclosures: A Consultation Paper are now available (links below) A Feedback paper by summarising these responses and responding to the consultation input will be published shortly Recommendations for SDG Disclosures: A Consultation Paper by Carol Adams, Paul Druckman and Russell Picot was published in […]

Responses to the consultation on Recommendations for SDG Disclosures

by Carol A Adams Update (15th January 2020): The full responses are now available here 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 […]

Have your say on recommended SDG Disclosures

By Carol A Adams Main points: The sustainable development issues addressed by the UN SDGs will impact on long term business success. Businesses, asset owners and asset managers are incorporating the risks and opportunities they bring into their decision making. ACCA, CAANZ and ICAS have collaborated to publish SDG disclosure recommendations – accountants have a […]

Evidence of the take up of integrated reporting

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, […]