The year 2020 has been interesting not only in light of the ongoing pandemic but also for corporate reporting. The European Commission is on the move on reform of the so called Non-Financial Reporting Directive, now in the hands of the European Financial Reporting Advisory Group (EFRAG). The leading institutions on sustainability standards, the Sustainability Accounting Standards Board (SASB), the Global Reporting Initiative (GRI), the Climate Disclosure Standards Board (CDSB) and the Climate Disclosure Project (CDP) set out a proposal for collaboration to drive toward the goals of creating a coherent and comprehensive corporate-reporting system through an ongoing program of deeper collaboration, and Accountancy Europe has been active for more standardized European sustainability reporting.
As the latest move, the IFRS Foundation Trustees, responsible for the governance and oversight of the IFRS Foundation and the International Accounting Standards Board (Board) issuing International Financial Reporting Standards (IFRS), the leading global standards for financial reporting, has issued a Consultation Paper on Sustainability Reporting. The consultation paper, published in September 2020, sets out possible ways the Foundation might contribute to the development of global standards by broadening its current remit beyond the development of financial reporting standards and using its experience in international standard-setting, its well-established and supported standard-setting processes and its governance structure.
The Trustees are seeking now feedback for their consultation paper, with deadline 31 December.
In this workshop organized by the Research Group Companies, Markets and Sustainability we discuss the consultation paper, to prepare the Research Group’s response to it. We invite all interested in the workshop. Leading the work with the Research Group’s response are Professor Jukka Mähönen (University of Oslo) and Dr. David Monciardini (University of Exeter Business School).
Programme
9.00-9.05: Welcome
9.05-9.20: Regulatory debate on sustainability reporting, by Senior Lecturer David Monciardini, University of Exeter Business School
9.20-9.40: IFRS Foundation Trustees’ Consultation Paper on Sustainability Reporting, by Professor Jukka Mähönen, University of Oslo and University of Helsinki
9.40-10.10: Discussion on the Consultation Paper and other recent initiatives on sustainability reporting front
10.10-10.20: A short convenience break
10.20-10.50: Discussion continues
10.50-11.30: Conclusions and actions on drafting the Research Group response
Registration
If you have any questions regarding registration, please contact Mona Østvang Ådum.