On 23 December 2020, the Institute submitted its response to the International Financial Reporting Standards (IFRS) Foundation’s Consultation Paper on Sustainability Reporting

Global convergence of sustainability reporting standards 

The IFRS Foundation’s consultation paper sets out their vision for the convergence of global sustainability reporting standards, including a proposal to set up a Sustainability Standards Board (SSB) alongside the IASB. The Institute warmly welcomes the proposal of the IFRS Foundation and commends the Foundation for taking this significant first step. We believe the Foundation is well-placed to set sustainability reporting standards which are relevant to enterprise value because of its strong experience in setting international accounting standards.   

Reporting impact on people and the planet

We support the global convergence of sustainability reporting standards and encourage the IFRS Foundation to recognise the vital role it could play in catalysing progress towards a corporate reporting system that meets the needs of all users.  We recommend that the Foundation builds connection between sustainability reporting relevant to enterprise value and sustainability impacts that also matter to people, the planet, and the economy into its processes from the outset.  

The IFRS Foundation is a non-profit, public interest organisation established to develop a single set of globally accepted accounting standards. The International Financial Reporting Standards (IFRS Standards) constitute a leading global framework for financial disclosures and are set by the Foundation’s independent standard-setting body, the International Accounting Standards Board (IASB). 

New research out now

White Paper: Scaling up institutional investment for place-based impact

Our joint white paper “Scaling up institutional investment for place-based impact,” based on the collaborative “Place-Based Impact Investing Project (PBII)” by the Impact Investing Institute, The Good Economy and Pensions for Purpose, sets out the case for institutional investors to adopt a “place-based lens.”