A new report, Reporting on Enterprise Value, Illustrated with a Prototype Climate-Related Financial Disclosure Standard, has been published by five leading sustainability and integrated reporting organisations: CDP, CDSB, GRI, IIRC, and SASB. This follows a joint statement of intent issued by the same organisations in September 2020, outlining a vision for a globally accepted comprehensive corporate reporting system, and a commitment to work together to achieve it. In this paper, the organisations provide an important step towards this vision. They demonstrate how certain components of their current frameworks and standards, along with the recommendations set out by the Task Force on Climate-related Financial Disclosures (TCFD), can be used together to provide a starting point for the development of global standards for sustainability-related financial disclosure.

Author

CDP, CDSB, GRI, IIRC, SASB