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The Sustainability Accounting Standards Board (SASB) is a non-profit organization, founded in 2011 by Jean Rogers [1] to develop sustainability accounting standards. Investors, lenders, insurance underwriters, and other providers of financial capital are increasingly attuned to the impact of environmental, social, and governance (ESG) factors on the financial performance of companies, driving ...
In 2015, the FSB created the Task Force in order to develop recommendations of voluntary disclosures for listed companies. However, ahead of the COP26 summit (2021), the UK responded to the clear 'leadership vacuum on climate change governance' [7] to become the first G20 country to mandate 1,300 of the UK's largest private companies to disclose climate-related data in line with the TCFD ...
The Global Reporting Initiative (known as GRI) is an international independent standards organization that helps businesses, governments, and other organizations understand and communicate their impacts on issues such as climate change, human rights, and corruption.
While CDP acts as a secretariat to CDSB, the board members provide strategic direction. CDSB is also supported by its Technical Working Group (TWG), a group of large global accounting firms and their professional advisors, and academics who make recommendations and lead the work on the development and uptake of the Framework for reporting environmental information, natural capital and ...
Indeed, a large part of these initiatives are taken by private non-governmental organisations (GRI, IIRC, SASB, CDP...) and it is only recently that some governments or supranational institutions, such as the European Commission, are developing mandatory standards (NFRD/CSRD and the Communication on the Commission's guidelines, EMAS ...
CDP piggybacked on GRI's concept of environmental disclosure in 2002, focusing on individual companies rather than on nations. At the time CDP had just 35 investors signing its request for climate information and 245 companies responding. According to the organization, as of 2022, companies worth half of global market capitalization disclose ...
The Carbon Disclosure Project (CDP) began in the UK in 2002, and is now a multinational group, with thousands of companies disclosing their GHG emissions. [12] The Science Based Targets Initiative (SBTi) formed in 2015 as a collaboration between CDP, WRI, the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC).
The ISSB builds on the work of market-led investor-focused reporting initiatives, including the Climate Disclosure Standards Board (CDSB), the Task Force on Climate-related Financial Disclosures (TCFD), the Value Reporting Foundation’s Integrated Reporting Framework and industry-based SASB Standards.