GRI backs EU proposal for separate pillar on non-financial reporting

Source: Global Reporting Initiative (GRI), 15 January 2021

As part of the European Commission review of the Non-financial Reporting Directive (NFRD), it is exploring how new European sustainability standards could be created and managed.  The Commission has asked the European Financial Reporting Advisory Group (EFRAG) to consider the changes needed to its governance, if it were to take on responsibility for >>> read more

XBRL: “Momentum Built for Sustainability Reporting Standards”

Source: XBRL, 24 December 2020

2020 saw significant momentum build for non-financial (sustainability) standards. The year kicked off with a paper from Accountancy Europe proposing that a new sustainability standards board be launched under the auspices of the IFRS Foundation, and ended with the IFRS consulting on just that. >>> read more

What do companies with improved financial results have in common in terms of ESG practices and frameworks?

Source: The  Center for Sustainability and Excellence (CSE), 17 December 2020

The Center for Sustainability and Excellence (CSE) announces its fourth consecutive 2020 Annual Research into ESG Ratings and Sustainability Reporting Trends in North America, focusing in common ESG practices and frameworks used by companies and organizations with improved financial results (e.g Annual Revenues >>> read more