The BSI is setting a standard for accounting for natural capital. The project’s lead, Ece Ozdemiroglu, explains why the standard is crucial for financial sustainability in business.
People and Planet in the Accounts
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.
Jeremy Nicholls, Capitals Coalition ambassador and NED, explains why financial statement notes are an important stepping stone in recognising environmental and social data.
25 November 2020: Sustainability and ESG are becoming important considerations for investors. WHEB – a truly sustainability-first investor – explains how they assess opportunities.
24 November 2020: Coca-Cola European Partners has been measuring all sorts of business parameters for years. Michael Clark, Vice President – Enterprise Performance Management, explains this makes sound business sense and also feeds the sustainability agenda.
23 November 2020: Mario Abela is the Director, Redefining Value, at the World Business Council for Sustainable Development. He says the opportunities for accountants around the sustainability question are vast.
20 November 2020: If non-financial ESG information is to be discoverable and meaningful, so any stakeholder can find and depend on it, digitisation based on taxonomies, defined and agreed by standard-setters, is the way forward.
19 November 2020: George Serafeim is the Charles M. Williams Professor of Business Administration and the Faculty Chair of the Impact-Weighted Accounts Project at Harvard Business School. He talks us through the thinking behind the Impact-Weighted Accounts Project.
18 November 2020: Olam’s finance team measures more than just financial capital. Managing director and group CFO for Olam Food Ingredients Rishi Kalra explains how they did it.
13 November 2020: Several UK Government departments and regulators have come out in support of the IFRS’s consultation on a global approach to sustainability reporting and a possible role for the foundation.
13 November 2020: The UK’s Joint Government Regulator TCFD Taskforce issued its interim report and a roadmap towards mandatory climate-related disclosures this week.