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Commenting on the agreement, Erkki Liikanen, Chair of the IFRS Foundation Trustees, said: “At COP26 we heard strong support for consolidation in the sustainability reporting landscape.
Under the new initiative, forming part of the ISSB’s new two-year work plan, the ISSB announced that the IFRS Foundation will assume responsibility for the Transition Task Force disclosure framework, and that it has signed an agreement with the GHG Protocol aimed at ensuring compatibility between the organizations’ GHG reporting standards.
The IFRS Foundation and Global Reporting Initiative (GRI) have adopted a formal agreement to collaborate and coordinate on the development of standards for sustainability-related disclosures. At COP26 we heard strong support for consolidation in the sustainability reporting landscape.
Launched in November 2021 at the COP26 climate conference, the ISSB aims to develop IFRS Sustainability Disclosure Standards, in order to provide a global baseline of disclosure requirements that can be used by jurisdictions on a standalone basis or incorporated into broader reporting frameworks.
At COP26 in November 2021, CDL joined 44 companies worldwide to extend its pledge towards a net zero whole life carbon emissions approach. In February 2021, CDL became the first real estate conglomerate in Southeast Asia to sign the WorldGBC Net Zero Carbon Buildings Commitment.
At COP26 in November 2021, CDL joined 44 companies worldwide to extend its pledge towards a net zero whole life carbon emissions approach. In February 2021, CDL became the first real estate conglomerate in Southeast Asia to sign the WorldGBC Net Zero Carbon Buildings Commitment.
In a statement, the IFRS Foundation said its trustees and the VRF board confirmed their approval of a plan to consolidate the two foundations, a move that was first announced at COP26 in Glasgow in November 2021 as the International Sustainability Standards Board (ISSB) was launched.
In addition to Competent Boards, Helle has a few other brainchildren, including the world's first green account, the first integratedreport, the first holistic supply chain program and many innovative business solutions, and latest The Future Boardroom.
Launched in November 2021 at COP26, the ISSB aims to provide a baseline for corporate sustainability disclosures that are compatible with jurisdiction-specific requirements, giving investors access to consistent and comparable decision-useful information globally. Connecting two pillars .
Finally, we had the Conference of the parties COP26, where countries and businesses increased their climate ambition. 4 – International Sustainability Standards Board (ISSB) announcement during COP26. These two events are a leapfrog towards simplifying and harmonizing sustainability reporting.
At COP26 a new initiative was launched, contributing to the veritable alphabet soup of abbreviations in the world of sustainability. CFOs need to take note of the new initiative, because ISSB and IASB will also work in close cooperation to establish connectivity between the standards via existing guiding principles of integratedreporting.
This will ensure a global baseline and allow the ISSB standards to be applicable to any accounting framework, she said. Companies using IFRS S2 will be “fully compliant” with the TCFD recommendations, requiring companies to provide information on physical and transitional climate-related risks and opportunities, she added.
The group brings together frameworks that are referencing or building on the GHG protocol, including the Global Reporting Initiative (GRI), CDP, Climate Disclosure Standards Board (CDSB), International IntegratedReporting Council (IIRC), and Sustainability Accounting Standards Board (SASB).
4 – Report progress. Your company should use existing formal reporting by using an integratedreport. The report should be aligned with broader climate-related reporting such as the Taskforce on Climate-Related Financial Disclosures (read TCFD article). Net-Zero timeline by SBTi. Conclusions.
Even after the 26th United Nations Climate Change Conference of the Parties (COP26) came to a close last November, the ESG landscape still remains unclear. Environmental, Social and Governance and sustainable finance currently are like the Wild West.
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