Thought Leadership, Research & CPA Spotlights

Sustainability Reporting Standards

International Financial Reporting Standards (IFRS) Sustainability Standards Canadian Sustainability Disclosure Standards (CSDS) European Sustainability Reporting Standards (ESRS) Global Reporting Initiative (GRI) Sustainability Standards International Public Sector Accounting Standard Board's (IPSASB) Sustainability Reporting Standards

What is sustainability reporting?

Sustainability reporting is a form of non-financial reporting that goes beyond traditional financial statements to disclose additional sustainability related significant risks and opportunities. It encompasses a wide range of Environmental, Social and Governance (ESG) topics such as a company’s greenhouse gas emissions, labour practices, as well as providing detailed insights into an organization’s governance structures, strategic approach, performance metrics and future targets. Sustainability reporting is becoming standard business practice, driven by growing stakeholder demand for transparency and accountability.

What sustainability reporting standards exist?

There are different sustainability reporting frameworks across the globe. However, only a few have received broad market support and acceptance. Delve into the details of leading sustainability reporting frameworks and learn what they mean for CPAs in Canada.

Why is sustainability reporting important?

Sustainability reporting is important because investors and other stakeholders are realizing the real business risks and opportunities that sustainability can have on an entity’s value. Companies are being evaluated not just on their financial performance but on their sustainability performance as well. This has created an increased demand for sustainability reporting.

Sustainability Reporting Standards