The current state of sustainability reporting
Article looking at the extent and quality of sustainability reporting in the US. Discusses challenges hindering the widespread adoption of sustainability reporting including competing frameworks, absence of a standard and measurement uncertainty. Also covers opportunities for accountants created by the demand for sustainability reporting.
Article reporting on credit management's request to the CICM Think Tank and the wider credit community about the Corporate Social Responsibility (CSR) and its relevance to today's business environment. Topics include the states the importance of the Corporate Social Responsibility in the engagement of staff.
Counting to zero
Examines how energy accounting works in practice. The paper demonstrate the strong links between accounting and organizing.
Environmental accounting, sustainability and accountability
The book closely explores how organizations can embed care for the environment as fundamental to their functioning... [and] covers traditional accounting as a measuring instrument, contemporary advances and unresolved problems, alternative perspectives and recent developments.
Covers on environmental reporting requirements in the UK, including the measurement of environmental impacts.
Overviews and resources on measuring, reporting and assuring sustainability, sustainable business and climate change.
Reporting on climate risks and opportunities
Practical guidance for organisations considering how best to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Published in 2018 by ICAEW in association with The Carbon Trust.
FDs, FMs and sustainability: addressing the finance and facilities challenges
A guest ICAEW blog post by Sunil Shah, a member of BIFM’s Sustainability Special Interest Group. Covers how the board and finance director can overcome the challenges surrounding sustainability issues.
Organisations, frameworks and guidance
Accounting for Sustainability
Body aimed at developing practical guidance and tools for embedding sustainability into decision-making and reporting processes. The website provides a how to guide on connected reporting and examples of published reports.
Climate Disclosure Standards Board
International consortium of business and environmental NGOs. Offers companies a framework for reporting environmental information and natural capital in mainstream reports such as the annual report, 10-K filing or integrated report.
Professional network connecting companies to share corporate social responsibility best practice and projects. The website offers a toolbox of ideas and advice to help organisations implement CSR.
Developing corporate natural capital accounts
Practical guidelines for preparing a corporate natural capital account. Prepared by Eftec, the Royal Society for the Protection of Birds (RSPB) and PwC for the Natural Capital Committee in 2015. Intended for the most part to be applied by organisations that have a natural capital 'stewardship' role. Used by Forest Enterprise England, the first organisation to publish a natural capital account for an entire landholding.
Environmental reporting guidelines
Guidance published by GOV.UK to help companies and limited liability partnerships comply with the Streamlined Energy and Carbon Reporting (SECR) regulations which came into effect on 1 April 2019. Also designed to help organisations with voluntary reporting on a range of environmental matters, including greenhouse gas reporting and the use of key performance indicators.
Global Reporting Initiative (GRI)
The Global Reporting Initiative (GRI) is a network-based organization which developed one of the most widely adopted sustainability reporting framework. The website includes access to the latest version of the GRI’s Sustainability Reporting Standards (GRI Standards).
IFAC Sustainability Framework 2.0
Framework from the International Federation of Accountants (IFAC) for 'embedding sustainability into the DNA of an organisation', focusing on business strategy, operations and reporting.
International Integrated Reporting Council
The IIRC is an international organisation with a mission 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." In December 2013 the IIRC published its Integrated Reporting Framework, which promotes a sustainability-led form of corporate reporting.
Natural Capital Coalition
Coalition made up of over 200 organisations who are working to create a world where business conserves and enhances natural capital. Site includes the Natural Capital Protocol which offers business managers a standardised framework to identify, measure, and value impacts and dependencies on natural capital.
Non-Financial Reporting Directive Factsheet
Overview from the Financial Reporting Council of the new UK regulations implementing the EU Directive on non-financial and diversity information. Published in July 2017.
Sustainability Accounting Standards Board (SASB)
A U.S. non-profit organisation that produces sustainability accounting standards for by publicly-listed corporations in the U.S.
Task Force on Climate-Related Financial Disclosures
Task Force set up by the Financial Stability Board (FSB) which provides a framework for climate-related financial disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders.
Your guide to ESG reporting
Guidance issued by the London Stock Exchange Group giving recommendations for good practice in Environmental, Social and Governance (ESG) reporting based on what investors would like to see companies provide.
Directories, reports and surveys
Purpose and impact in sustainability reporting: A review of leading UK companies
A review by PwC of sustainability reporting across the FTSE 350, public interest entities and selected inbound companies. Provides tips on how companies can improve their reporting with examples of leading practice. Published in November 2019.
KPMG survey of corporate responsibility reporting 2017
A regular survey conducted by KPMG on corporate responsibility and sustainaiblity reporting. It explores the reporting of the world's largest 250 companies and also includes quantitative data on CR reporting trends, covering 4,900 companies across 45 countries.
Carrots & Sticks: Global trends in sustainability reporting regulation and policy
Report published in May 2016 assessing developments in sustainability reporting regulation and policy across 71 countries. Produced jointly by KPMG International, GRI, United Nations Environment Programme (UNEP) and The Centre for Corporate Governance in Africa. An online Carrots & Sticks database provides details of reporting instruments identified as part of the research.
Comply or explain: A review of FTSE 350 companies’ environmental reporting in annual reports
A review of the disclosure of environmental information in the annual reports of FTSE350 companies following the implementation of mandatory greenhouse gas reporting in the UK. Published in January 2016.
Better sustainability reporting
KPMG web section providing best practice advice on sustainability reporting.
A free online directory of corporate responsibility reports compiled by Next Step Consulting. Over 23,000 current and historical reports are included from companies worldwide. Free registration is required.
IFAC Sustainability Gateway
The International Federation of Accountants maintain this gateway to discussions, resources and news on sustainability and corporate responsibility.
Articles and books in the Library collection
Selected articles and books
Saving the World
Accountancy, July 2018
Explains the importance of the United Nations' Sustainable Development Goals (SDGs) and how to integrate the objectives into annual corporate reporting.
Corporate carbon and climate accounting
Discusses management accounting approaches for analysing business benefits and costs of climate change.
Covers future directions on carbon accounting and performance measurement and reporting. Also looks at links between climate accounting and business processes, product and service development, supply chain innovation, economic successes and stakeholder relations.
The integrated reporting movement: meaning, momentum, motives and materiality
By analysing the integrated reports of 124 companies around the world, this book aims to provide insights on opportunities and challenges in integrated reporting.
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