Driving consistency sits at the core of everything we do. To help companies navigate the different codes, frameworks and standards that inform corporate non-financial reporting practice, we have prepared a table to show how they all connect.
The explosion of reporting practice is a natural reaction to the desire for things to change for companies to be accountable for their impacts on the economy, society and the environment and for value to be created for all stakeholders. However, unacknowledged and unresolved tensions in corporate environmental and natural capital reporting and disclosure practice can produce variation in the quantity and quality of information, which in turn undermines confidence in policies, markets and corporate reporting.
CDSB conducts research and works with others to resolve these tensions and promote consistency so that information is produced to support honest, effective, stable markets and coherent policy activity. We achieve this by aligning the highest common denominators of relevant corporate reporting provisions including International Financial Reporting Standards and reflecting shared characteristics in the CDSB Reporting Frameworks, which sets out an approach for reporting environmental information in mainstream (annual/ Form 10-K/20-F and equivalent) reports.
CDSB has shown how the most widely used corporate non-financial reporting approaches align to help companies.
This table cross references the principles and requirements of the CDSB Reporting Frameworks with commonly used reporting provisions such as CDP, SASB, GRI, <IR> and with regulatory requirements such as those outlined in the new EU Non-Financial Reporting Directive, UK Companies Act and Grenelle II. This allows stakeholders to understand where requirements are similar and how information collected for one reporting audience/purpose can be used to satisfy the requirements of the CDSB Frameworks and the mainstream reporting model.