The new Sustainability Reporting Standard is a voluntary reporting framework for housing providers to report on their Environmental, Social and Governance (ESG) performance. We are the American Institute of CPAs, the world’s largest member association representing the accounting profession. The Global Reporting Initiative (GRI), founded in Boston in 1997 and headquartered in Amsterdam, The Netherlands, represents an independent international standards organization focused on understanding and communicating the impact of business on important sustainability issues, including human rights, climate change and corruption. G4 Sustainability Reporting Guidelines – Reporting Principles and Standard Disclosures. As Exhibit 1 shows, there have been several standards setting bodies and reporting initiatives in the sustainability field. Global Reporting Initiative The Global Reporting Initiative provides a framework against which all types of organizations can track and report their economic, environmental and social performance. The EIB Group applies the GRI Standards framework by the Global Reporting Initiative to comprehensively disclose information relevant to its stakeholders. It was produced following a consultation that received feedback from more than 400 individuals, including representatives from housing associations, investors, trade bodies, financial experts and tenants’ groups. The support is timely. Robert Herz of the Sustainability Accounting Standards Board Foundation explains why companies may be ready to embrace the voluntary standards. These tips highlight leading practice in sustainability reporting and help make companies' reporting more effective. Overview of Sustainability Reporting Standards. Amid heightened focus on environmental, social and governance (ESG) matters, developments in sustainability reporting and increased calls for standardisation of such reporting, the Trustees are now seeking stakeholder input on the need for global sustainability standards and gauging support for the Foundation to play a role in the development of such standards. The first global reporting standard for tax transparency comes into effect in January 2021. The Global Reporting Initiative (GRI) is the most widely used global standard for sustainability reporting and launched in 2000. Internationally agreed sustainability reporting standards will help to achieve consistent and comparable reporting on environmental, social and governance (ESG) matters. They are based on a modular, interrelated structure, aiming to capture the global best practice for reporting on a range of economic, environmental and social impacts. Typically, companies use the GRI standards to develop and design their sustainability or corporate responsibility reports, as they include a very broad scope of disclosure. For companies receiving investor requests for sustainability reporting, SASB standards are a cost-effective place to start because they are industry-specific and have a financially material approach. Newly launched accounting standards are paving the way for companies to report on material environmental, social, and governance issues, and provide more useful disclosures to the market. QAPCO uses international reporting guidelines from GRI to report its sustainability performance. Companies that must comply. Looking for the Standards in your language? The IIRC provides the integrated reporting framework that connects sustainability disclosure to reporting on financial and other capitals. It is an international not-for-profit organisation, with a network-based structure. Sustainability and Corporate Social Responsibility (CSR) have become important to many corporations and the majority of large firms today voluntarily provide reports on their CSR initiatives, risks, and activities. The International Financial Reporting Standards Foundation is a not-for-profit corporation incorporated in the State of Delaware, United States of America, with the Delaware Division of Companies (file no: 3353113), and is registered as an overseas company in England and Wales (reg no: FC023235). Organisations following these tips highlight leading practice in sustainability reporting and launched in 2000, fairly and... Certainly the first global standards for sustainability reporting Guidelines to comprehensively disclose information relevant to stakeholders... To enable all companies and organisations to report their economic, environmental, social and governance ESG... 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