Leading Sustainability Reporting Bodies Launch Two-Year Project for Better Alignment

Nov 13, 2018 10:10 AM ET

Leading Sustainability Reporting Bodies Launch Two-Year Project for Better Alig…

November 13, 2018 /3BL Media/ - Launched simultaneously at the Bloomberg Sustainable Business Summit in London and in Sydney, during the World Congress of Accountants 2018, Corporate Reporting Dialogue participants committed to driving better alignment of sustainability reporting frameworks, as well as with frameworks that promote further integration between non-financial and financial reporting.
Through this new project, participants will map their respective sustainability standards and frameworks to identify the commonalities and differences between them, jointly refining and continuously improving overlapping disclosures and data points to achieve better alignment, taking into account the different focuses, audiences and governance procedures. Participants will identify how non-financial metrics relate to financial outcomes and how this can be integrated in mainstream reports. 

Curtis Ravenel, Global Head of Sustainable Business and Finance, Bloomberg said: “Transparent disclosure brings many benefits to global markets. Advancements in corporate reporting over recent years have led to a better understanding of how businesses operate across their value chains. However, as efforts to improve disclosures have emerged, so has a range of varying guidance, frameworks and standards in the field. At Bloomberg, we are committed to helping organizations communicate clearly, succinctly and effectively with the market. That is why we are delighted to support this project, which will lead to better alignment in the corporate reporting landscape.”

Bloomberg Philanthropies will be providing funding for this project.

Read the full press announcement here