Integrated reporting is an important tool in improving the understanding of the relationship between financial and non-financial factors that determine a company’s performance and how a company creates sustainable value in the long term. When organizations lack clear expectations for performance, they are more likely to lose focus on long-term objectives. This is one of […]
The GRI is a global standard for sustainability reporting designed by organizations and investors to measure business performance. The GRI has been adopted as a requirement by leading institutional investors, government regulators, and development organizations around the world. It sets out a universal framework for sustainability reporting based on the shared understanding that such information
It is hard to believe that it has been around for twenty years, but the PCAOB was created by Congress as part of the Sarbanes-Oxley Act, signed into law on July 30, 2002. And while they do many things, the board’s mandate includes overseeing audits of securities filings and reviews of accounting firm quality control
All of the acronyms generated by sustainability, this is one of the most important. SASB stands for the Sustainability Accounting Standards Board a voluntary, non-profit global organization that promotes sustainability accounting and reporting practices. It was established in 2010 by the leading organizations in the natural resources sector to develop and uphold standards for natural
The Task Force on Climate-related Financial Disclosures (TCFD) was created in 2015 with the goal of developing a set of recommendations for entities providing a broad spectrum of recommendations on ESG reporting. The primary objective for creating this task force is to assess and manage relevant climate-related risks and opportunities where such information is material.
You may hear company stakeholders or investors asking what ESG metrics are all about. The acronym ESG, which stands for Environmental, Social, and Governance are metrics used to describe the transparency, sustainability, and performance of a company. In other words, they measure a company’s ability to survive over the long term. FYI…over 70% of carbon
ESG is a movement that has been growing slowly over the last few decades, but you may be wondering why it is suddenly in your face like an extreme weather event. It was once known as CSR or Corporate Social responsibility. But that acronym doesn’t cut it anymore. ESG stands for Environmental, Social, and Governance.
ISO 26000: Are you a business owner or investor seeking to build more trust and accountability with stakeholders? Or are you looking for new ways to incorporate social responsibility into your organization’s operations? If so, then obtaining ISO 26000 certification is an essential step. This international standard offers organizational guidance on how to identify, manage,
If you are reading this, then somehow you ended up on a search for the Environmental Performance Index. If you were looking for a unique tool that provides a comprehensive assessment of key environmental challenges, then you have found it. The Index monitors risk factors and preventive actions for 198 countries, territories, and regions by
ESG scores are set by the companies themselves. ESG scores measure the degree to which environmental, social, and governance risks and opportunities are integrated into an organization’s strategy and business operations. It is not a score that is determined by any regulatory agency, but rather it is set by the company itself through its long-term
While there are definite differences between the two, we found it a bit confusing as well, which is why we wrote this post. But to begin with, social accounting is a method of keeping track of money and other assets according to the cultural practices and values of a certain society. On the other hand,
Today, businesses and investors are increasingly recognizing the importance of environmental, social, and governance (ESG) factors in decision-making. As a result, ESG scores, also known as an “ESG score”, have become an essential tool in evaluating a company’s sustainability, long-term potential, and impact on the world. In this blog post, we will delve into the