Sustainability Reporting Standards guide businesses in sharing their environmental, social, and governance impacts. These frameworks promote transparency, accountability, and informed decision-making, helping companies align with sustainable practices and contribute to long-term growth while engaging stakeholders effectively.
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Global Reporting Initiative (GRI) Standards
- Provides a comprehensive framework for sustainability reporting, focusing on economic, environmental, and social impacts.
- Encourages transparency and accountability by standardizing reporting practices across various sectors.
- Aims to enhance stakeholder engagement by providing relevant information for decision-making.
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Sustainability Accounting Standards Board (SASB) Standards
- Develops industry-specific standards for disclosing financially material sustainability information to investors.
- Focuses on the intersection of sustainability and financial performance, emphasizing the importance of ESG factors.
- Aims to improve the comparability and consistency of sustainability disclosures across companies.
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Task Force on Climate-related Financial Disclosures (TCFD)
- Provides a framework for companies to disclose climate-related financial risks and opportunities.
- Encourages organizations to assess and report on the resilience of their strategies under different climate scenarios.
- Aims to enhance transparency and inform investors about the potential impacts of climate change on financial performance.
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United Nations Sustainable Development Goals (SDGs)
- A set of 17 global goals aimed at addressing social, economic, and environmental challenges by 2030.
- Encourages businesses to align their strategies with the SDGs to contribute to sustainable development.
- Provides a framework for measuring and reporting progress on sustainability initiatives.
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CDP (formerly Carbon Disclosure Project)
- A global platform for companies to disclose their environmental impact, particularly regarding carbon emissions.
- Focuses on climate change, water security, and deforestation, encouraging transparency in environmental performance.
- Aims to drive action and accountability by providing data to investors and stakeholders.
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International Integrated Reporting Council (IIRC) Framework
- Promotes integrated reporting that combines financial and non-financial information to provide a holistic view of an organization’s performance.
- Encourages businesses to communicate how they create value over time, considering environmental, social, and governance factors.
- Aims to enhance the quality of information available to investors and other stakeholders.
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ISO 26000 Social Responsibility
- Provides guidance on social responsibility for organizations, covering a wide range of sustainability issues.
- Encourages organizations to operate ethically and contribute to sustainable development.
- Aims to enhance stakeholder engagement and improve organizational practices related to social responsibility.
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AA1000 AccountAbility Principles
- A framework for organizations to improve their accountability and sustainability performance.
- Focuses on inclusivity, materiality, and responsiveness in stakeholder engagement and reporting.
- Aims to enhance transparency and trust between organizations and their stakeholders.
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UN Global Compact Communication on Progress (COP)
- Encourages businesses to report on their progress in implementing the Ten Principles of the UN Global Compact.
- Aims to promote transparency and accountability in corporate sustainability practices.
- Provides a platform for sharing best practices and learning from other organizations.
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EU Non-Financial Reporting Directive (NFRD)
- Requires large companies to disclose non-financial information related to environmental, social, and governance issues.
- Aims to enhance transparency and accountability in corporate sustainability practices across the EU.
- Encourages companies to provide relevant information for stakeholders to assess their sustainability performance.