Date posted: 2/10/2020

International organisations’ new vision for sustainability disclosure

International institutions co-published a shared vision to drive transparent measurement and disclosure of sustainability performance

In brief

  • International organisations have outlined a shared vision
  • Their vision includes financial and sustainability disclosures, connected via integrated reporting
  • The GRI, SASB, CDP and CDSB set frameworks and standards for sustainability and climate-related reporting

Disclosure Standards Board (CDSB), the Global Reporting Initiative (GRI), the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) – have co-published a shared vision of the elements necessary for more comprehensive corporate reporting and a joint statement of intent to drive towards transparent measurement and disclosure of sustainability performance.

Through this publication, the five organisations outline a shared vision that includes both financial accounting and sustainability disclosure, connected via integrated reporting. The GRI, SASB, CDP and CDSB set the frameworks and standards for sustainability disclosure, including climate-related reporting, along with the TCFD recommendations. The IIRC provides the integrated reporting framework that connects sustainability disclosure to reporting on financial and other capitals. The IIRC has stated that transparent measurement and disclosure of sustainability performance is now considered to be a fundamental part of effective business management, and essential for preserving trust in business as a force for good.

IIRC News Story

A shared vision for a comprehensive, globally accepted corporate reporting system.

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