Just released: new CDSB Framework for reporting on environmental information & natural capital

On June 8th in London the Climate Disclosure Standards Board launched its Framework for reporting environmental infortmation and natural capital. Key features of the Framework are its focus on reporting environmental information linked to strategy, overall performance and financial information in mainstream reports which is useful to providers of capital. A key objective is to ‘enable and encourage […]

Europe focuses on the role of corporate reporting in transition towards sustainable development

Having advocated for many years that corporate reporting could, should and must play a significant role in the transition towards sustainability, it is pleasing to see the topic at centre stage during a fortnight in Europe at workshops, conferences and other meetings in Amsterdam, Glasgow, Berlin and Geneva including the UNCTAD workshop on the Future […]

Key reporting standard setters in dialogue

Responding to calls for better alignment in corporate reporting, the International Integrated Reporting Council (IIRC) yesterday introduced The Corporate Reporting Dialogue (CRD). The stated aim of the CRD is to promote greater coherence, consistency and comparability between corporate reporting frameworks, standards and related requirements, leading to improved efficiency and effectiveness. The organizations participating in the CRD, which […]

What is a ‘sustainable’ bank? An interview with David Korslund, Global Alliance for Banking on Values

“Sustainable banks start by determining basic human needs to be met and then deliver financial services which meet those needs,” says David Korslund, Senior Advisor to the Global Alliance for Banking on Values (GABV) in conversation with Carol Adams. “In contrast”, he suggests “most banks start by asking ‘how can we make as much money as […]

The banking sector and integrated reporting: focus on HSBC

written by Carol Adams There are good reasons for banks to adopt integrated reporting and think beyond compliance requirements. With nine of ninety plus businesses in the International Integrated Reporting Council’s (IIRC) pilot, the sector is leading the way in integrated reporting.  The nine are: BBVA (Spain); BNDES and Itau Unibanco (Brazil); DBS Bank (Singapore); […]

Materiality: financial reporting, sustainability reporting and integrated reporting

written by Carol Adams Corporate reporting has seen significant changes in the last three decades with the increased globalisation of business and the accounting profession; the advent of the internet and then social media which have increased the impact of stakeholder activism. Perceptions about whom companies should be accountable to and on what issues have […]