Integrated thinking is really what goes on in an organization. Worldwide there has been a trend in recent years whereby listed companies need to become more transparent in their international activities and sustainable performance. In addition, much attention is paid to the impact of business activities on climate change.
Stricter Policy
Laws and regulations have been introduced to ensure that companies pay more attention to sustainable performance. Sustainability reporting is essential in this regard. The most surprising news in sustainability reporting is the creation of the IFRS Foundation’s Sustainability Standards Board (SSB). IFRS is the global gold standard for corporate financial reporting. The SSB announced in early 2021 that it will develop reporting standards for sustainability information that provide clarity about what is material for decision-making by investors and lenders.
In a continuously changing world in which the call for change is getting louder, this is a major step towards sustainability. Read more about Developing an integrated report, a powerful and valuable communication tool here.