Investors, companies, and the accountancy profession all benefit from simplicity and alignment, serving the public interest
The global accountancy profession is on a journey—along with
investors, companies, regulators and other stakeholders—toward a
unified, coherent, global and authoritative standard-setting process for
reporting on sustainability information.
IFAC welcomes the
establishment of the International Sustainability Standards Board
(ISSB), as well as jurisdiction or regional initiatives that can
contribute toward the creation of a global system for consistent,
reliable and assurable sustainability disclosure.
In a joint statement
today, IFAC joins with leading capital markets participants—PRI
(Principles for responsible Investment) and WBCSD (World Business
Council for Sustainable Development)—in calling for simplicity and
alignment in the standard-setting process. At this critical juncture,
regulatory and standard-setting fragmentation must be avoided through
efforts to align key concepts, terminologies, and metrics upon which
disclosure requirements are built.
Read the statement on IFAC's website or download the PDF here.
IFAC
© IFAC - International Federation of Accountants
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