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
Posted on January 15, 2020 · Leave a Comment
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
Posted on November 14, 2019 · Leave a Comment
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 […]
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 […]
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