Sustainable Investing Reporting Groups Merge to Tackle Consistency Challenge
The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) officially announce their merger to form the Value Reporting Foundation.
“We have listened to the strong demand from businesses and investors for a simplified corporate reporting landscape. By combining the tools, resources and relationships of SASB and IIRC, the Value Reporting Foundation will continue to advance progress towards a more coherent landscape and continue to support the important efforts of the IFRS Foundation. The end result will be comparable, consistent and reliable information that enables more holistic decision making by businesses and investors.” Janine Guillot, CEO of the Value Reporting Foundation and former CEO of SASB
The IIRC’ principles-based framework offers guidance for reporting business strategy, governance, performance and prospects. SASB focuses on industry-specific disclosure topics and metrics. Together, they can help people understand the relationship between sustainability and financial performance.