Convergence of non-financial frameworks and standards is gaining momentum and we are beginning to see how nature and society might be included in the financial statements. But can these frameworks tolerate such change? In these articles we explore this from the perspectives of different actors in the debate.
30 November 2020: Clara Barby is Chief Executive of the Impact Management Project – a forum for building global consensus on how to measure, manage and report impacts on sustainability.
30 November 2020: Mardi McBrien is the Managing Director of the Climate Disclosure Standards Board. She says that when it comes to putting people and planet into the accounts, the moment of truth is still some way off but is fast approaching.
30 November 2020: Scott Johnson set up his practice, Kung Fu Accounting, to have a wider social and environmental purpose.
30 November: Riverford Organic Farmers became a certified B Corporation in 2020. Its finance director explains how its employee-owned structure keeps purpose at the forefront of its decision-making
30 November: “We must act today because the cost of doing so tomorrow will be greater than it is now, and the scale of the issue we will face will have increased.” This is the view of Professor Richard Murphy FCA.
30 November 2020: Richard Cartwright, Principal Teaching Fellow at the University of Southampton, explains why the colossal challenges facing businesses today give the professional and academic study of accounting renewed purpose.
30 November 2020: In the midst of all the various initiatives taking place to put people and the planet into the accounts, ICAEW – and particularly its Financial Reporting Faculty – has been heavily active.
30 November 2020: Integrated thinking requires a company to incorporate consideration of the core capitals it uses to create value into its governance, strategy, performance management and everyday decisions.
30 November 2020: The momentum for recognising the environment as a business issue has come to a head, says ICAEW's Technical Thought Leadership Director Richard Spencer and Capitals Coalition CEO Mark Gough.
30 November 2020: A unified set of standards for climate-related disclosures is some time away, but FRC’s review into the subject points businesses towards frameworks that could considerably boost reporting quality.