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Board members and executives in over 55 countries many from Fortune 500 companies have achieved certification from Competent Boards, and have gone on to help their companies mitigate the risks and seize the opportunities presented by the ever-evolving governance landscape.
In this article, I’ll summarise key sustainability events defining 2021 and then present four sustainable ESG trends that will settle companies’ environment in 2022. Finally, we had the Conference of the parties COP26, where countries and businesses increased their climate ambition. 2021 Sustainability Summary.
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.
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