The primary stories on the local weather affect of organizations underneath the EU’s Company Sustainability Reporting Directive (CSRD) received’t trickle in till 2025 for the 2024 monetary yr, and the tremendously anticipated US Securities & Change Fee (SEC) rule on climate-related disclosure that was slated to be finalized in 2023 has been postponed but once more. However that hasn’t stopped impartial boards and business organizations from providing a bunch of frameworks, requirements, and rules — all aimed toward supporting the sustainability disclosure and reporting course of.
When Coco Chanel gave the now well-known recommendation of “much less is extra,” this market didn’t get the message. Right this moment, sustainability reporting at its core is a fancy map of quite a few noninterchangeable requirements and frameworks that organizations should be taught to navigate so as to adjust to international rules. Discovering the appropriate one (or, oftentimes, the appropriate ones) could be daunting when they’re continuously merging, evolving, and creating new acronyms for sustainability professionals to kind out. For multinational organizations, the burden of revealing in opposition to a number of of those frameworks and requirements is dismissed as the price of protecting all their bases.
Within the report Navigate When And How To Use The Colliding Panorama Of Sustainability Reporting, I’ve accomplished the analysis to assist you navigate the excess of sustainability requirements — a typical problem when there are a lot of voluntary choices and few mandated necessities. The report additionally dives into the 4 hottest and generally used requirements and frameworks for sustainability disclosures: Worldwide Monetary Reporting Requirements (IFRS), the International Reporting Initiative (GRI), the Carbon Disclosure Challenge (CDP), and the Process Drive on Local weather-related Disclosures (TCFD).
Use this report to guage the advantages, limitations, issues, and easy methods to get began with utilizing these 4 widespread requirements and frameworks. Schedule an inquiry or steerage session with me to speak about local weather danger and rising rules for sustainability disclosure and reporting.
(written with Kaylee Mahoney, analysis affiliate at Forrester)
