It is with a mixture of gratitude and sadness that I announce that Gordon Wilson (PwC), Chairman of the Technical Working Group of the Climate Disclosure Standards Board (CDSB) has passed his role to CDSB’s founding director Lois Guthrie, (WBCSD).
On December 11, 2018, a debate will be held at the Oxford Union regarding the “Motion: This House believes that corporate sustainability reporting should be mandated, and standardised by FASB and IASB, for it to be most useful for investors.” It will be chaired by Lady Lynn Forester de Rothschild. In proposition are Paul Druckman, Ian Mackintosh, Sir Callum McCarthy, and Anne Simpson. In opposition are Jonathan Bailey, Bob Herz, Harvey Pitt, and Tom Quaadman. The debate is free and open to the public as space permits.
On 29 November, CDSB and CDP published the report ‘First Steps’ which examined corporate climate and environmental disclosure in the first year of reporting under the EU Non-Financial Reporting Directive. In this summary, we look at some of the findings and the next steps we recommend.
The explosion of reporting practices 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.
In the past few months, CDSB held various workshops on the TCFD recommendations to provide guidance on the topic and gather feedback on the challenges and solutions that organizations are adopting on this journey.
