The IFRS Foundation and the Global Reporting Initiative (GRI) have signed an agreement to align their sustainability disclosure and reporting standards.

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IFRS Foundation launches sustainability working group New collaboration aims to harmonise sustainability accounting initiatives In a bid to fast forward convergence in global sustainability reporting standards, the trustees of the IFRS Foundation have set up a working group. The group is aimed at structured engagement with initiatives focused on enterprise value reporting, with a view […]

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Sustainability standards consolidation draws closer

Sustainability standards consolidation draws closer  IFRS Foundation seeks to launch sustainability standards board In response to growing demand for global standards as sustainability becomes ‘business as normal’ in financial reporting, the International Financial Reporting Standards (IFRS) Foundation is taking action in the run-up to the COP26 Summit. In September, the IFRS Foundation’s trustees intend to […]

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Institutional investors back IFRS’s proposal for ESG reporting standard

More than 450 asset managers and pension funds responded to a consultation on standardised reporting Some of the world’s biggest pension funds and institutional investors are backing the International Financial Reporting Standards Foundation’s (IFRS) proposal for standardised sustainability reporting. Last September, the IFRS, which oversees the International Accounting Standards Board (IASB), published a consultation paper […]

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IFRS: Climate-related disclosures Guest post by Paul Lee November’s newsletter from the global accounting regulator, the International Accounting Standards Board (IASB) is big news, and is a big step towards accounting that is consistent with the Paris Agreement. The paper by Nick Anderson, IASB board member and former fund manager and head of research at […]

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Advocates for audit and accounting reform made great strides this week. Although much of the attention will be directed at the OFT’s conclusion that the audit market isn’t working, a slightly less well covered but equally welcome development emerged from the back benches of the House of Commons. New Conservative member for Wycombe, Steve Baker MP has […]

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The BBC’s Robert Peston has picked up on founding FSA chairman, Howard Davies’ critique on the causes of the Crash. According to Davies there were a total of 38 reasons. Peston goes on to argue that there were probably 39 if you take into account the proposition forwarded by Tim Bush, former fund manager for […]

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