"A coalition of corporate reporting framework providers and CDP have published new advice aimed at unifying the business community's approach to reporting in line with the UN's Sustainable Development Goals (SDGs).
Developed by the Corporate Reporting Dialogue, which consists of eight corporate reporting organisations and is overseen by the International Integrated Reporting Council (IIRC), the ‘SDGs and the future of corporate reporting' framework aims to help private-sector organisations determine which of the 17 Global Goals are most relevant to their business models.
Aside from the SDGs, the Corporate Reporting Dialogue’s new framework also includes a further call for the adoption of integrated reporting, which the body has been championing for several years. It states that doing so will help companies to better create value for their stakeholders in both the long and short-term.
“The Dialogue has taken the integration of non-financial and financial information as one of the cornerstones of its work,” the report states. “There is increasing recognition that companies’ value creation goes beyond financial value to include environmental and social value amongst others.”
The report comes shortly after the World Business Council for Sustainable Development (WBCSD) and consultancy Radley Yeldar co-published the results of a survey which quizzed 158 corporates on their approach to sustainability reporting. The survey found that one-third of the corporate respondents produced combined reports for this financial year – an 11% increase on 2017 figures."
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