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External engagement

To build the influence and reputation of the sustainability team and ICAEW more widely, we sit on and contribute to a number of boards and committees, and partner with leading organisations in the area of sustainability, finance and business. We also respond to high-profile consultations.

Boards and committees

Climate Disclosure Standards Board

Richard Spencer (Head of Sustainability, ICAEW) sits on the working group which makes recommendations to the Board on the development and uptake of the Climate Change Reporting Framework, and lead and manage CDSB’s work plan. We have been keen supporters of the Climate Disclosure Standards Board since its launch. The exposure draft of the CDSB’s reporting framework was launched at a side event at the World Business Summit on Climate Change (‘WBSCC’), which Michael Izza chaired.

FEE Sustainability Policy Group

Richard Spencer sits on the FEE Sustainability Working Party and supports Richard Porter (Partner, PwC) who sits as an ICAEW volunteer on the FEE Sustainability Policy Group. We provide ongoing support for the group. The group is currently compiling a document on sustainability and the financial crisis.

FTSE4GOOD Policy Committee

Richard Spencer sits on the Policy Committee which oversees the inclusion and deletion from the Index, and oversees new criteria for inclusion.

International Integrated Reporting Council

The mission of the IIRC is to create a globally accepted Integrated Reporting framework which brings together financial, environmental, social and governance information in a clear, concise, consistent and comparable format. Michael Izza (Chief Executive, ICAEW) sits in the council, and ICAEW is heavily involved with the IIRC’s work.

SharedImpact Trustee

Rachel Sinha is a Trustee at ShareImpact, a crowdfunding platform which allows everyday people to invest in the impact investing market.

SROI Network Board

Richard Spencer sits on the board of the Social Return on Investment network which helps organisations manage and understand social, economic, and environmental outcomes created by their activities.

Sustainability Advisory Board for Scottish & Southern Energy

Richard Spencer sits on the advisory board of the Beauly-Denny replacement transmission line project.

The Edinburgh Practice Advisory Committee

Richard Spencer is a member of this Committee which is part of a sustainable business initiative at Edinburgh University.

The EU Commission’ Expert Group on Social Business

Rachel Sinha (Sustainability Manager, ICAEW) is now part of the “Groupe d’Experts De La Commission sur L’Entrepreneuriat Social” (GECES) (Commission Expert Group on Social Business) which a multi-stakeholder group consulting on social business to examine the progress of measures envisaged by the Commission, and to consult on the opportunity, development, setting up and implementation of the Commission’s Social Business Initiative (SBI).

Partners

Accounting for Sustainability

Accounting for Sustainability is bringing organisations together to develop practical tools to enable environmental and social performance to be better connected with strategy and financial performance, and thereby embedded into day-to-day operations and decision making. We have a strong relationship with A4S, for example by co-organising the Finance for the Future Awards.

www.accountingforsustainability.org

Green Economy Coalition

ICAEW is a member of the Green Economy Coalition, a diverse global network of organisations committed to accelerating the transition to a new green inclusive economy. Its vision is a resilient economy that provides a better quality of life for all within the ecological limits of the planet.

http://www.greeneconomycoalition.org/

International Integrated Reporting Council

The mission of the IIRC is to create a globally accepted Integrated Reporting framework which brings together financial, environmental, social and governance information in a clear, concise, consistent and comparable format. Michael Izza (Chief Executive, ICAEW) sits on the council, and ICAEW is heavily involved with the IIRC’s work.

http://www.theiirc.org/

The Natural Capital Coalition

The Natural Capital Coalition (formerly the TEEB for Business Coalition) is a global, multi stakeholder open source platform for supporting the development of methods for natural and social capital valuation in business. ICAEW is one of the founding organisations. Robert Hodgkinson (Executive Director, ICAEW) is a member of the Coalition’s board and Michael Izza (Chief Executive, ICAEW) is a member of its advisory group.

http://www.naturalcapitalcoalition.org/

WWF-UK

WWF has a long history of working with stakeholders from business and finance to enable the transition to a sustainable future, recognising that they are a key lever for change. We’ve worked extensively with WWF-UK setting up & co-convening the Finance Innovation Lab.

www.wwf.org.uk

Consultations

BIS call for views on Corporate Responsibility

In mid-2013, the UK Government’s Department for Business, Innovation and Skills issued a call for views on Corporate Responsibility, to inform a framework for action that they aim to publish in late 2013.

DEFRA Consultation on GHG Reporting Draft Regulations

At Rio+20 it was announced that the UK Government will introduce a regulation requiring reporting of greenhouse gas (GHG) emissions by UK quoted companies. This follows a public consultation in 2011 where the majority supported making GHG emissions reporting mandatory. Set out in the consultation is the content of the draft GHG reporting regulations and what they will cover.

GRI Consultation on Sustainability Reporting Guidance

GRI launched the next generation of its Sustainability Reporting Guidelines – G4 – in May 2013. As part of the development process, the second Public Comment Period enabled organizations and individuals to share their views and help shape the structure and content of G4.