See page 204. Why Sustainability Reporting by Public Companies is Important?
The US SEC Concept Release discusses the concept of sustainability reporting by public companies as part of the disclosure process by companies to the global capital markets
1 Comment - no search term matches found in comments.
Brad Monterio has detailed what some of these additional responsibilities might include in a recent article on this topic: “Beyond the Balance Sheet – Non-Financial Reporting, Material Disclosures and the Quest for Sustainability” According to the Baker McKenzie article the European Union countries, China, India, France and South Africa have mandated sustainability reporting as part of public company disclosure. UK and Germany are planned on requiring public companies to issue sustainability reports by yearend
Many US public companies now produce an annual sustainability report (independent of the annual financial report) and there are a wide array of ratings and standards around. There are a variety of reasons that companies choose to produce these sustainability reports, but at their core they are intended to be efforts to promote more effective transparency and accountability and enhance disclosure of non-financial metrics to provide better measurement of a company’s value to the marketplace
Wajeeha has also been part of Strategic Planning Department and Sustainability and Social Responsibility Department, and worked on projects including the establishment of a new Islamic bank in Morocco, group wide product intelligence system, group wide sustainability reporting, and integrating United Nations' Sustainable Development Goals (SDGs) with Al Baraka Sustainable Development Goals.Wajeeha has been ranked on top 50 most influential women in Islamic Business and Finance by Cambridge IFA
06-04-2020 | 08:00 PM - 09:00 PM AT
Forbes: US public companies begin to turn to SASB for non-financial / sustainability reporting . Interesting that both the Financial Stability Board (FSB – which reports to the G-20 Nations) and the US SEC is seeking public comment on the need for this type of material information (such as water or carbon usage) that can be disclosed with financial information by public companies to investors and important stakeholders
Former FASB Chairman Robert Herz, IMA (Institute of Management Accountants) President and CEO Jeff Thomson, and sustainability reporting expert Brad Monterio of Colcomgroup, today released a jointly authored thought paper, " Leveraging the COSO Internal Control – Integrated Framework (ICIF) to Improve Confidence in Sustainability Performance Data ." These controls will be necessary as companies move forward with sustainability reporting and XBRL can be used on data that is disclosed to the capital markets to enhance data analytics and integrated reporting with the corporate financial data disclosed.
According to Ceres, a quarter of dollars invested in the U.S. is now ESG investment, raising the stakes on accountable sustainability reporting to investors.
Great article written by the global law firm Weil Gotshal & Manges LLP on the need for public companies to be aware of the growing trend of non-financial reporting disclosures (commonly known as "Sustainability Reports", "Corporate, Social Responsibility (CSR)", "Environmental, Social, Governance (ESG)" corporate during the 2018 10-K and proxy season
Soon – in the USA we will have Standard Business Reporting so that a public company can issue “One Report” to regulators and other interested stakeholders can this data can be extracted and shared without creating individual reports over and over again… This same principle can be applied to sustainability reporting or CSR reporting where companies are preparing many – if not hundreds of reports to interested stakeholders for natural and human capital reports for example. XBRL can help reduce sustainability reporting when multiple stakeholders can agree on common data sets and this data can be shared in one report to multiple stakeholders: http://hbswk.hbs.edu/item/one-report-better-strategy-through-integrated-reporting XBRL and the use of Global Legal Identifier contains to gain momentum