IFAC calls for a new Sustainability Standards Board alongside the IASB
The time for a global solution is now—to answer the
demand from investors, policymakers and other stakeholders for a
reporting system that delivers consistent, comparable, reliable, and
assurable information relevant to enterprise value creation, sustainable
development and evolving expectations. A fragmented
approach perpetuates inefficiency, increased cost, and a lack of trust.
Important work is underway (e.g., WEF/IBC metrics, IOSCO’s task force,
EFRAG’s preparatory work, and alignment between the leading reporting
initiatives), and these efforts should continue and ultimately
contribute to the emerging global system.
IFAC
© IFAC - International Federation of Accountants
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